Repsol and Navantia jointly explore renewable hydrogen generation opportunities

Repsol and Navantia jointly explore renewable hydrogen generation opportunities

MOSCOW (MRC) -- Repsol and Navantia Seanergies, Navantia's green energy division, have signed a collaboration agreement to jointly explore business opportunities in renewable hydrogen production in Spain, said the company.

Tomas Malango, Hydrogen Director of Repsol and Javier Herrador, Director of Navantia Seaenergies, signed the agreement in the presence of Francisco Conde, Vice President of the Xunta de Galicia and Regional Minister of Economy and Industry, Raul Blanco, General Secretary for Industry and SMEs, Juan Abascal, Executive Director of Industrial Transformation and Circular Economy of Repsol and Ricardo Dominguez, President of Navantia.

The event was also attended by Jose Minones, the Government delegate in Galicia, Angel Mato, mayor of Ferrol, Valentin Gonzalez Formoso, president of the Provincial Council of A Coruna and Maria Rivas, subdelegate of the Government in A Coruna, among other authorities and representatives of business and social entities.

The signing took place at Navantia's Turbine Factory in Ferrol, a center that will play a key role in this agreement. The two companies have agreed to combine knowledge and efforts for the industrial development of renewable hydrogen. On the one hand, Navantia Seaenergies has announced the start-up of an electrolyzer production line at its Turbine Factory in Ferrol. On the other hand, Repsol will promote the installation of this equipment for the production of renewable hydrogen in its ambition to lead the market in the Iberian Peninsula and thus reach its capacity targets, set at 1.9 GW in 2030.

In this way, both entities seek to position Spain as an international leader in the production of renewable hydrogen, while also contributing to reindustrialization, quality employment and economic development in the country. Juan Abascal, executive director of Industrial Transformation and Circular Economy, stated that "at Repsol we are convinced that initiatives like this are essential to accelerate the deployment of the hydrogen economy in Spain and Europe from a leadership position. This reinforces our commitment to the transformation of the industry through the development of capabilities associated with key technologies to achieve climate neutrality."

"Navantia Seanergies is committed to a model of collaboration and partnership with leading companies in both offshore wind and hydrogen, an energy vector that offers enormous possibilities for decarbonizing the economy and committing to sustainable growth. The manufacture of electrolyzers to produce hydrogen is a new business opportunity with great potential for our Turbine Factory”, said Javier Herrador, director of Navantia Seanergies.

As per MRC, Repsol will build a new plant in Tarragona, with an investment of over EUR35 M for the manufacture of Cross-linkable Polyethylene (XLPE), a polymer used in cable insulation, located between the conductor and the outer protective layers. The plant will have an annual capacity of 27 kt and is scheduled to start in mid-2024. The LSHC (Linear Short Hyperclean) new technology selected for the plant, from Buss AG, will provide a product with very competitive properties, enabling Repsol to complete its product range for cables by incorporating materials for HV (high voltage) and EHV (extra-high voltage) cables.

Repsol is currently the leading producer and consumer of hydrogen on the Iberian Peninsula, and has renewable hydrogen as one of its key transformation pillarsfor achieving its goal of being a company with zero net emissions by 2050. The multi-energy company has its own renewable hydrogen strategy to deploy projects throughout the value chain, with a planned investment of 2,549 million euros by 2030.

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Solvay strengthens partnership with Chinese venture capital fund Longwater Investment

Solvay strengthens partnership with Chinese venture capital fund Longwater Investment

MOSCOW (MRC) -- Solvay Ventures, the Company’s venture capital fund unit, is extending its partnership with Longwater Investment by investing in the Longwater Advanced Materials Fund II, a fund focused on advanced materials and chemistry-related technologies in China, said the company.

This investment will support innovation in new and sustainable chemistries that can be used in key markets such as transportation, electronics and smart devices. It will foster collaboration between Solvay and a growing ecosystem of startups in China, opening the door to innovative partnerships in advanced materials and chemical solutions that will boost Solvay’s offering and support the work of the Group’s four strategic growth platforms.

"We are excited to work with partners in China by leveraging our unique materials know-how and innovation in this dynamic start-up ecosystem,” said Mike Finelli, President of Solvay Growth Initiatives. “Following our announcement in June of a significant production capacity increase for PVDF at our Changshu site in China, this investment further illustrates our commitment to growing our operations in Asia and to meeting the need for sustainable material solutions globally."

"Solvay has been more than a fund investor to Longwater since the inception of our first fund. We are excited about the continuous commitment from Solvay to our Fund II and a strengthening partnership around our activities looking for thrilling innovations in relation to advanced materials and chemistry-related technologies.” said Steven Shi, Managing Partner of Longwater Investment.

Based in Shanghai, Longwater Investment executes and manages its investments with the aim of achieving successful growth and investment return driven by technological innovation, industrial upgrades and the improvement of human well-being.

As per MRC, Solvay has started works related to expansion plans that include installing equipment to increase sulfone polymers capacity at its plant in Marietta, Ohio, according to a mid-May publication by the USW Oil Workers union.

We also remind that in August, 2020, through the acquisition of the Solvay polyamide (PA) business, BASF enhanced its R&D capabilities in Asia Pacific with new technologies, technical expertise, and upgraded material and part testing services. BASF is planning to integrate the R&D centers from Solvay into its R&D existing facilities in Shanghai, China, and Seoul, Korea. The enhanced capabilities will boost BASF’s position as a solution provider to develop advanced material solutions for key industries.

Solvay is a science company whose technologies bring benefits to many aspects of daily life. With more than 24,100 employees in 64 countries, Solvay bonds people, ideas and elements to reinvent progress. The Group seeks to create sustainable shared value for all, notably through its Solvay One Planet plan crafted around three pillars: protecting the climate, preserving resources and fostering better life. The Group’s innovative solutions contribute to safer, cleaner, and more sustainable products found in homes, food and consumer goods, planes, cars, batteries, smart devices, health care applications, water and air purification systems. Founded in 1863, Solvay today ranks among the world’s top three companies for the vast majority of its activities.
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Solvay to deliver record Q2 2022 results well ahead of expectations

Solvay to deliver record Q2 2022 results well ahead of expectations

MOSCOW (MRC) -- Based on unaudited preliminary figures, Solvay announces that it expects to report net sales of around EUR3.4 to 3.5 billion and underlying EBITDA of EUR855 to €865 million for the second quarter of 2022, said the company.

The performance in the quarter was driven by both volume and pricing, helping to overcome variable cost inflation. All three segments of Materials, Solutions, and Chemicals contributed to the strong results.

Following the stronger than expected results, Solvay plans to increase its full-year 2022 guidance on July 28, 2022 when it releases its full second quarter earnings results. The increase in full year guidance will reflect a combination of confidence in short term trading momentum and potential risks associated with the uncertain macro environment.

As per MRC, Solvay has started works related to expansion plans that include installing equipment to increase sulfone polymers capacity at its plant in Marietta, Ohio, according to a mid-May publication by the USW Oil Workers union.

We also remind that in August, 2020, through the acquisition of the Solvay polyamide (PA) business, BASF enhanced its R&D capabilities in Asia Pacific with new technologies, technical expertise, and upgraded material and part testing services. BASF is planning to integrate the R&D centers from Solvay into its R&D existing facilities in Shanghai, China, and Seoul, Korea. The enhanced capabilities will boost BASF’s position as a solution provider to develop advanced material solutions for key industries.

Solvay is a science company whose technologies bring benefits to many aspects of daily life. With more than 24,100 employees in 64 countries, Solvay bonds people, ideas and elements to reinvent progress. The Group seeks to create sustainable shared value for all, notably through its Solvay One Planet plan crafted around three pillars: protecting the climate, preserving resources and fostering better life. The Group’s innovative solutions contribute to safer, cleaner, and more sustainable products found in homes, food and consumer goods, planes, cars, batteries, smart devices, health care applications, water and air purification systems. Founded in 1863, Solvay today ranks among the world’s top three companies for the vast majority of its activities.
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Azelis acquired 100% of the shares of Chemical Solution

Azelis acquired 100% of the shares of Chemical Solution

MOSCOW (MRC) -- Azelis, a leading global innovation service provider in the specialty chemicals and food ingredients industry, announces that it has reached an agreement to acquire 100% of the shares of Chemical Solutions Sdn Bhd (“ChemSol”), one of the leading distributors of raw materials in the Personal Care, Cosmetics and Household markets in Malaysia, said the company.

The acquisition strengthens Azelis’ presence in the domestic market, further reinforcing the group’s in-depth coverage of the Asia Pacific region. The addition of ChemSol’s extensive and well known product portfolio, specifically in actives and functional ingredients, significantly expands Azelis’ lateral value chain for the local Personal Care market. With this acquisition, Azelis is ideally placed to benefit from the growing Personal Care market in Malaysia, especially in the attractive Halal cosmetic industry.

Founded in 2001, ChemSol’s 21 years in the Malaysian market enabled the establishment of a strong network of customers, with the support of globally renowned principals, from its headquarters in Shah Alam. With a dedicated Personal Care application laboratory, ChemSol is well-positioned to provide innovative solutions to its partners. Chemsol’s full team of employees will become part of the Azelis family, supporting the business and the integration process. The transaction is expected to close before the end of the third quarter, after fulfilment of customary closing conditions.

As per MRC, Azelis, a leading global innovation service provider in the specialty chemicals and food ingredients industry, announces that it has signed an agreement to acquire the specialty lubricant (L&MWF1 ) distribution assets of Ak-tas in Turkey.

As per MRC, Azelis announces that it has reached an agreement to acquire Chemo India and Unipharm Laboratories’ distribution assets. Both companies are renowned local distributors of specialty chemicals and ingredients for the CASE (coatings, adhesives, sealants, elastomers), L&MWF (lubricants & metalworking fluids) and pharmaceutical market segments in India.
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BASF develops technology to remove pyrolysis oil contaminants

BASF develops technology to remove pyrolysis oil contaminants

MOSCOW (MRC) -- BASF has introduced products for the purification of complex pyrolysis oils from plastics waste - though also with potential applications in tire recycling, said the company.

The Gerrnan group’s PuriCycle catalysts and adsorbents selectively remove or convert contaminants in the oils that occur as secondary raw materials in chemical plastics recycling. The products, said BASF, enable closed-loop, downstream processing of plastics, helping recyclers to meet industry standards for the composition of pyrolysis oils.

This, stated the chemicals maker, allows “highly efficient” cleaning and processing of the process streams, as well as greater flexibility in chemical plastics recycling. After treatment, pyrolysis oils can be fed back in at the beginning of the value-chain for the production of polymers, said BASF.

The group went on to describe pyrolysis oil purification as “one of the most demanding challenges” in chemical plastics recycling. Impurities such as halogen, nitrogen, oxygen, and sulphur compounds, as well as reactive components such as dienes, can make downstream use more difficult, it explained

The chemical composition also significantly limits the possibilities for further processing of these product streams in the production of new materials, it added. Asked if the technology can be applied to rubber/tire pyrolysis, BASF informed ERJ that certain PuriCycle adsorbents 'could be used in tire-based feeds.'

As per MRC, BASF and Sinopec are further expanding their joint Verbund site in Nanjing, China. It is manufactured by BASF-YPC Co., Ltd. (BASF-YPC), a 50:50 joint venture between the two companies. The capacities of several downstream chemical plants will be expanded for the growing Chinese market. This also includes the construction of a new tertiary butyl acrylate plant.

As per MRC, BASF completed a double-digit million euro investment to increase production capacity for Tinopal CBS optical brighteners at its Monthey site. Following phase one of the stepwise capacity increase in 2021, the recent completion of the investment program has now brought significantly increased capacity on stream to meet growing global customer demand.

BASF is the leading chemical company. It produces a wide range of chemicals, for example solvents, amines, resins, glues, electronic-grade chemicals, industrial gases, basic petrochemicals and inorganic chemicals. The most important customers for this segment are the pharmaceutical, construction, textile and automotive industries.
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