Technip Energies wins EPC contract by Hafslund Oslo Celsio for a CCS project at waste to energy plant in Norway

Technip Energies wins EPC contract by Hafslund Oslo Celsio for a CCS project at waste to energy plant in Norway

Energies has been awarded a large EPC contract by Hafslund Oslo Celsio, the largest supplier of district heating in Norway, for a world-first carbon capture and storage (CCS) project at waste to energy plant located in Oslo, Norway, said Hydrocarbonprocessing.

The project will be the first full-scale waste-to-energy plant in the world with CO2 capture. 400,000 tons per year of CO2 will be captured, which is the equivalent of the emissions from around 200,000 cars and will reduce Oslo’s emissions by 17%.

As part of the Longship project, the CO2 will then be liquified and exported to Northern Lights which is the first cross-border, open-source CO2 transport and storage infrastructure network. The Carbon Capture plant will use the Shell CANSOLV CO2 Capture System, a state-of-the art amine based technology for the capture of CO2 from the flue gas.

This EPC contract award follows several years of a joint journey with the completion of the design competition, the successful delivery and test of a pilot unit and continuous collaboration between Technip Energies and Hafslund Oslo Celsio to optimize project economics.

Developing, testing and proving this cost-effective solution is the result of a close partnership and co-development with the owner, T.EN and the technology provider.

Arnaud Pieton, CEO of Technip Energies, commented: "We are proud to be entrusted by Hafslund Oslo Celsio to support the development of the first waste-to-energy with Carbon Capture and Storage project in the world. Norway is at the forefront of decarbonization initiatives and, by being part of Hafslund Oslo Celsio project, we will contribute to one of the two projects of Longship, the very first Phase of Northern Lights. We are committed to leverage our strong expertise in CO2 management, our local presence and our alliance with Shell to successfully deliver this groundbreaking project, a key milestone towards a low-carbon future."

As per MRC, Technip Energies has been awarded a large(1) Engineering, Procurement, Construction (EPC) contract by Hafslund Oslo Celsio, the largest supplier of district heating in Norway, for a world-first carbon capture and storage (CCS) project at waste to energy plant located in Oslo, Norway.

As per MRC, TechnipFMC announced the launch of the placement of 16 million Technip Energies shares, representing ca. 9% of Technip Energies’ issued and outstanding share capital, through a private placement by way of an accelerated bookbuild offering. Upon completion of the Placement, TechnipFMC would retain a direct stake of ca. 22% of Technip Energies’ issued and outstanding share capital.
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Oil prices slip as recession fears rumble on, tight supply stems losses

Oil prices slip as recession fears rumble on, tight supply stems losses

Oil prices fell in early Asian trade on Monday, paring gains from the previous session as fears of global recession weighed on the market even as supply remains tight amid lower OPEC output, unrest in Libya and sanctions on Russia, said Reuters.

Brent crude futures slipped 35 cents, or 0.3%, to USD111.28 a barrel at 0016 GMT, having jumped 2.4% on Friday.U.S. West Texas Intermediate (WTI) crude futures similarly dropped 32 cents, or 0.3%, to USD108.11 a barrel, after climbing 2.5% on Friday.

While recession fears have weighed on the market over the past two weeks, supply concerns linger, preventing steeper price falls. "Energy markets remain laden with specific supply risks that makes being short a nervy experience," Commonwealth Bank commodities analyst Tobin Gorey said.

Output from the 10 members of Organization of the Petroleum Exporting Countries (OPEC) in June fell 100,000 barrels per day (bpd) to 28.52 million bpd - a long way off their pledged increase of about 275,000 bpd, a Reuters survey showed. Declines in Nigeria and Libya offset increases by Saudi Arabia and other large producers, and Libya faces further supply disruption due to escalating political unrest.

"This makes the likelihood of the group (OPEC) meeting its newly increased production quotas even more unlikely," ANZ Research analysts said in a note. Libya's exports have dropped to between 365,000 bpd and 409,000 bpd, down about 865,000 bpd compared to normal levels, the National Oil Corp said last week.

In a further hit to supply, a planned strike by Norwegian oil and gas workers this week could cut the country's oil and condensate output by 130,000 bpd. Traders will be watching out for official prices for August from top oil exporter Saudi Arabia for signs of how tight the market is, with refiners bracing for another sharp increase close to the record level set in May.

Nine refining sources surveyed by Reuters expected Saudi's flagship Arab Light crude official selling price could rise by about USD2.40 a barrel from the previous month.

As per MRC, China's Ministry of Commerce has released 52.56 million mt (385.26 million barrels) of crude import quotas to 35 qualifying independent and non-major state-owned refineries in the second batch for 2022. However, the higher second batch this year brought up total crude import quotas for 2022 by only 4.9% to 159.96 million mt as of June 28, from 152.44 million mt last year. The independent refinery sources said they were less anxious about this second batch than the one last year, because most of them had sufficient quotas in hand amid low throughput during the previous months.
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ExxonMobil methanol to jet technology to provide new route for SAF production

ExxonMobil methanol to jet technology to provide new route for SAF production

MRC) -- ExxonMobil announced a unique process technology to enable the manufacture of sustainable aviation fuel (SAF) from renewable methanol, said Hydrocarbonprocessing.

ExxonMobil is focused on growing its lower-emission fuels business by leveraging technology and infrastructure. ExxonMobil is engineering proprietary methanol to jet technology that will produce SAF when renewable methanol is used as feedstock. This expands upon ExxonMobil’s suite of technology solutions that are engineered to manufacture SAF from other biofeeds.

"SAF produced from renewable methanol can play an important role in helping the aviation industry achieve the transition to a net-zero future. Reaching that goal by 2050 will require a multi-faceted approach, including advancements in aircraft-related technology, changes to infrastructure and operations, and a dramatic increase in SAF supply. Our process technology can be an important step in this direction,” said Russ Green, ExxonMobil’s lower-emission fuels venture executive.

Proprietary Methanol to Jet Technology ExxonMobil has a long history of developing advantaged proprietary process technologies and catalysts to make energy products that society needs. ExxonMobil is leveraging its core capabilities to develop a solution that converts methanol to SAF. Methanol derived from the gasification of biomass and waste, as well as from lower-carbon hydrogen and captured carbon dioxide (CO?), can be converted into SAF using ExxonMobil’s methanol to jet proprietary process technology and catalysts.

Preliminary estimates by ExxonMobil suggest that this solution has a higher yield of jet fuel than other options. The ExxonMobil solution also provides the flexibility to use a mix of alcohols as feedstock and produce renewable diesel and lower-carbon chemical feedstocks.

"Methanol to jet technology is scalable and suitable for the conversion of methanol produced from today's world-scale plants. The work necessary to qualify the resulting renewable jet fuel pathway has already started,” said James Ritchie, president of ExxonMobil Catalysts and Licensing LLC. Additionally, ExxonMobil has process technology and catalysts that are available to customers today which convert other renewable biofeeds, such as used cooking oils, animal fats, and vegetable oil, into renewable jet fuel.

Analysis shows that our BIDWTM isomerization catalyst provides a jet fuel yield advantage versus alternatives currently available. Decarbonization and Hydrogen Solutions ExxonMobil is evaluating opportunities to deploy these process technology solutions within a portfolio of options to help the aviation industry to decarbonize.

“ExxonMobil is advancing integrated solutions to extend our Carbon Capture & Storage (CCS) and Hydrogen capabilities to support the decarbonization objectives of our biofuels customers and partners,” said Siva Ariyapadi, bioenergy global business manager.

As per MRC, ExxonMobil, Grieg Edge, North Ammonia, and GreenH have signed a memorandum of understanding to study potential production and distribution of green hydrogen and ammonia for lower-emission marine fuels at ExxonMobil’s Slagen terminal in Norway.

As per MRC, ExxonMobil expects to add approximately 20,000 bpd of light, heavy and extra-heavy lubricant base stocks when upgrades at its Singapore integrated refining and petrochemical complex are complete in 2025.
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AGC to integrate its chlor-alkali subsidiaries in Thailand and CLMV markets

AGC to integrate its chlor-alkali subsidiaries in Thailand and CLMV markets

AGC has completed the consolidation of its chlor-alkali operations in Thailand and Vietnam under a new company called AGC Vinythai Public Co, the Japanese glass, said the company.

Placed under AGC Vinythai are two subsidiaries in Thailand, namely, a 58.78%-owned Vinythai Public Co (VNT) and a fully-owned AGC Chemicals (Thailand) Co; and a 78.11%-owned Vietnamese subsidiary AGC Chemicals Vietnam Co (ACVN).

AGC has a 70.22% stake in the newly formed company, with Thailand's PTT Global Chemical (PTTGC) holding a 27.32% stake.

AGC and PTTGC are now "in the consideration process" to increase the Thai producer's ownership in AGC Vinythai to as much as 35%, while the Japanese group's stake in the new company will not fall below 65%.

As per MRC, AGC will invest over 100 billion yen (USD770 million) to boost production of caustic soda and other chemicals in Thailand. The manufacturer looks to expand capacity at its two factories in Thailand by early 2025, with plans to produce 1.64 million tons of caustic soda annually, a 20% increase from current output. AGC, formerly known as Asahi Glass Co., is making its largest-ever investment as economic growth in Southeast Asia lifts demand for chemicals tied to industrial use and electric vehicle production.

As per MRC, AGC has begun evaluating an expansion of production capacity at its chlor-alkali subsidiary, Vinythai, as part of its initiative to expand its chlor-alkali business in Thailand. The project would involve increasing the production capacity of polyvinyl chloride to 860,000 t/y from 300,000 t/y, vinyl chloride monomer to 830,000 t/y from 400,000 t/y and caustic soda to 590,000 t/y from 370,000 t/y. A final decision will be made based on the findings of the environmental and health impact assessments.
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Wood wins FEED study contract for refinery upgrade, propylene production in Pakistan

Wood wins FEED study contract for refinery upgrade, propylene production in Pakistan
Wood has secured a new multi-million-dollar front-end engineering design (FEED) contract by Pakistan Refinery Limited (PRL) for its planned Refinery Expansion and Upgrade Project (REUP) in Karachi, said Indianchemicalnews.

PRL’s refinery, situated on the coastal belt of Karachi, is designed to process various imported and local crude oil. It is one of the principal manufacturers and suppliers of petroleum products to domestic markets.

As part of the REUP project, PRL aims to increase its crude processing capacity to 100,000 bpd by adding an additional 50,000 bpd crude unit and associated processing facility to its existing refinery. The project seeks to upgrade the hydroskimming refinery to a deep conversion facility which will significantly reduce the production of high sulphur fuel oil (HSFO) and produce environmentally friendly Euro-V compliant premium products such as High-Speed Diesel (HSD) and Motor Spirit (MS/Petrol). The upgraded complex will also produce propylene, a valuable feedstock for petrochemicals.

Having completed the early study and Pre-FEED work in 2021, this new award extends Wood’s involvement in PRL’s REUP project. ”We are delighted to have secured this new contract with PRL which demonstrates the strength of our decades long relationship with the client and their confidence in our extensive refining expertise” said Giuseppe Zuccaro, President of Process & Chemicals at Wood.

“The REUP project plays an important role in Pakistan’s energy landscape and is a significant addition to Wood’s Process & Chemicals portfolio. We are committed to delivering a world-class FEED, and ready to support PRL in the subsequent phases of this strategic investment."

The strategic project, with a total installed cost of over USD1 billion dollars, serves a critical role in meeting the increasing energy needs of Pakistan's domestic market. The FEED component of the project, which is expected to be completed in August 2023, is being led by Wood’s Reading office in the UK with specialist support from its Salt Lake City office in the US.

As per MRC, Wood, the global consulting and engineering company, has entered into a 10-year global master services agreement for engineering and project related services with Chevron. The agreement can be used by all of Chevron’s business units and covers both offshore and onshore assets within the upstream, midstream and downstream markets.

As per MRC, Wood has secured a new multi-million-dollar contract to deliver engineering, procurement and construction management (EPCm) for Solvay new polyvinylidene fluoride (PVDF) site to be built in Tavaux, France.
PVDF is a high-performance polymer and is produced to meet the growing demand of lithium-ion batteries for electric and hybrid vehicles, creating safer and longer-range performance. The site will increase Solvay France’s PVDF capacity to 35,000 tons per year – making it the largest PVDF production site in Europe.
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