Eni eyeing Egypt as a gas supplier to Europe

MOSCOW (MRC) -- The Egyptian President Abdel Fattah El-Sisi met with the Italian oil and gas company Eni’s CEO Claudio Descalzi on 30/8/2022 to follow up on Eni’s activities in the country and the areas of common interest and collaboration, said the company.

The two sides had extensive discussions about further boosting natural gas flows to Europe from several Egyptian assets.

Tactical Report has prepared a 254-word report to shed more light on El-Sisi- Descalzi meeting and Eni’s plan in Egypt.

The parties elaborated on Egypt’s vision of becoming a regional gas hub, leveraging existing LNG plants. Eni currently produces about 60% of total gas in the country. The company is committed to supporting gas production increase through an ambitious exploration and development campaign.

This will foster, through the Damietta liquefaction plant, LNG export toward Europe. Eni has recently been awarded from the last bid round five new licenses located in prolific basins that could enable a fast-track development leveraging the nearby existing facilities.

In the light of energy transition, the parties agreed on the opportunity to implement a set of solar and wind power projects, targeting 10 GW of installed capacity in the forthcoming years. Mr Descalzi elaborated also on the strategy to accelerate the decarbonisation and energy efficiency solutions.

Eni has been present in Egypt since 1954, where it operates through the subsidiary IEOC. The company is currently the country's leading producer with an equity production of hydrocarbons of approximately 350,000 barrels of oil equivalent per day.

We remind, QatarEnergy has selected Eni as a new international partner in the North Field East (NFE) expansion project. The Minister of State for Energy Affairs, President and CEO of QatarEnergy, Saad Sherida Al-Kaabi, and Eni CEO, Claudio Descalzi signed a partnership agreement for a new joint venture company during the official ceremony. QatarEnergy will hold a 75% interest while Eni will hold the remaining 25% interest, the company said.
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MOSCOW (MRC) -- The Saudi Ministry of Investment (MISA) and Italian energy major Eni have signed an agreement aimed at promoting cooperation between Eni, Saudi institutions and companies mainly in the field of sustainable development around the country, and speciality conversion chemicals, said the company.

The memorandum of understanding (MoU) concerns cooperation areas such as the study of joint development of initiatives around sustainable mobility, circular economy and the chemicals industry. The agreement came about as the Saudi Arabia’s Minister of Investment Khalid Al-Falih met the CEO of Eni, Claudio Descalzi.

During the meeting, Descalzi presented the company's decarbonization strategy with a special focus on the many industrial initiatives and technologies supporting the energy technology transition. Al-Falih shared outlooks of the Kingdom vision 2030 and Saudi National Investment Strategy (NIS).

The two parties shared views about the role of Saudi Arabia based on current energy market challenges. Eni has been operating in the refining and chemicals sector in Kingdom since 1984 through its subsidiary Ecofuel.

We remind, Eni informs that it has acquired the company Export LNG Ltd, which owns the Tango FLNG floating liquefaction facility, from Exmar group. The facility will be used by Eni in the Republic of Congo, as part of the activities of the natural gas development project in the Marine XII block, in line with Eni's strategy to leverage gas equity resources. The Tango FLNG, built in 2017, has a treatment capacity of approximately 3 million standard cubic meters/day and an LNG production capacity of approximately 0.6 million tons per year (about 1 billion standard cubic meters/year). The acquisition of this facility allows the development of a fast-track model capable of seizing the opportunities of the LNG market. In addition, the high flexibility and mobility characteristics of the Tango FLNG will favour the development and enhancement of Eni's equity gas by accelerating production start-up time.
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MOSCOW (MRC) -- Sabic, a global leader in the chemical industry, has introduced new short-glass fiber-filled pp compounds with enhanced performance for automotive structural applications, said the company.

Sabic PP compound G3430X and Sabic PP compound G3440X grades, the two new short-glass fiber-reinforced polypropylene (PP) compounds offer enhanced performance and processing for demanding automotive under-hood, exterior and interior applications.

The two advanced grades surpass high-performing standard short-glass fiber materials in melt flow, tensile and flexural strength, and flexural modulus. Sabic PP compound G3430X and G3440X grades give customers new opportunities to raise the performance bar for automotive structural components such as brackets, seat structures and centre consoles. Furthermore, thanks to their thin-wall capability, both materials can be used to design parts with lower mass and weight.

"Sabic’s world-class development capabilities and dedication to continuous portfolio improvement have yielded these two exceptional materials, which can empower automotive customers to significantly increase the performance of end applications,” said Abdullah Al-Otaibi, general manager, ETP & Market Solutions, Sabic.

"The launch of these new Sabic PP compounds is an excellent example of our proactive response to customers’ emerging needs. We have set new industry benchmarks for robust performance and thin-wall capabilities in short glass fiber polypropylene, providing critical advantages in the face of escalating automotive requirements."

Sabic PP compound G3430X grade, with 30 percent short glass fiber, and Sabic PP compound G3440X grade, with 40 percent, deliver superior physical properties vs. conventional short glass fiber PP materials and high melt flow for easy processing. Both grades deliver an excellent balance of stiffness and impact for optimal performance in structural parts, with Sabic PP compound G3440X providing a higher degree of stiffness and greater density than the Sabic PP compound G3430X grade.

In addition to offering superior performance compared to other short glass fiber PP compounds, these materials may be candidates for the cost-effective replacement of long glass fiber PP in certain low-temperature applications.

Combined with exceptional stiffness and very good impact properties, the high melt flow of these materials offers opportunities to design thin-wall components to reduce weight without compromising overall part performance. Besides helping to improve overall performance of the vehicle, reducing weight may also contribute to cost savings through the use of less material. Furthermore, cost benefits can accrue from higher productivity associated with faster cycle times, which can be enabled by higher flow. Both Sabic PP compounds are available in standard black and natural and can be custom coloured.

We remind, BASF, Sabic and Linde have started construction of the world’s first demonstration plant for large-scale electrically heated steam cracker furnaces. By using electricity from renewable sources instead of natural gas, the new technology has the potential to reduce CO2 emissions of one of the most energy-intensive production processes in the chemical industry by at least 90% compared to technologies commonly used today.
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MOSCOW (MRC) -- TotalEnergies ENEOS Renewables announced the appointment of Gavin Adda as chairman of the new joint venture, as per Fuelsandlubes.

Based out of Singapore, Gavin Adda is also the CEO of TotalEnergies Renewables Distributed Generation (DG) Asia Pacific, a Board of Director at Maxeon Solar Technologies (NASDAQ:MAXN) and co-chairman of the Sustainability Committee at the European Chamber of Commerce, Singapore.

As the Joint Venture Chairman, Adda will be promoting the business to develop 2 gigawatts (GW) of onsite B2B solar projects across Asia over the next five years. Target markets include Japan, India, Thailand, Vietnam, Indonesia, Philippines, Cambodia, Singapore and Malaysia.

Prior to TotalEnergies, Adda founded several start-ups in the renewable sector. This includes one of the largest developers in India, now partly owned by Shell. More recently, he sold his start-up to create TotalEnergies Renewables DG for Asia. This appointment took effect on June 24, 2022.

In April 2022, French energy major TotalEnergies and Japan’s leading energy company ENEOS Corporation, announced a 50-50 joint venture to develop onsite business-to-business (B2B) solar distributed generation across Asia.

The partnership capitalizes on the strengths of both companies. TotalEnergies will leverage its expertise on this market segment and its global footprint and ENEOS will use its expertise in renewables and its strong brand mainly in Japan to lower the costs of decentralized solutions offered to industrial and commercial customers, making this joint venture one of the most competitive service providers in the region.

The partners are also conducting a feasibility study to assess the production of sustainable aviation fuel (SAF) at the ENEOS Negishi Refinery in Yokohama City, Japan.

We remind, TotalEnergies publicly shared its principles of conduct for its Russian related business. TotalEnergies reiterated its firmest condemnation of Russia's military aggression against Ukraine and stated that it would ensure strict compliance with current and future European sanctions, no matter what the consequences on the management of its assets in Russia.
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MOSCOW (MRC) -- BASF SE has concluded a framework agreement for the purchase of pyrolysis oil from mixed plastic waste with ARCUS Greencycling Technologies GmbH, a technology company based in Ludwigsburg, Germany, said the company.

The two companies want to contribute their respective know-how to the value chain in order to return plastic waste that is not recycled mechanically in the sense of a circular economy and reduce CO2 emissions. ARCUS will supply BASF with pyrolysis oil and expand its capacities in the coming years. BASF will use the oil in its production plants as a raw material for the production of Ccycled™ products.

The ARCUS process demonstration unit built in Frankfurt is the first of its kind on a commercial scale in Germany and produces pyrolysis oil from mixed plastic waste that is not recycled mechanically. “With the guaranteed purchase of the oil produced, ARCUS can build further plants with higher capacity and thus make a significant contribution to closing material cycles together with BASF,” said Daniel Odenthal, Chief Operating Officer of ARCUS Greencycling Technologies. The agreement foresees the take-up to be increased to up to 100,000 tons of pyrolysis oil per year.

“The collaboration with ARCUS underscores BASF’s commitment to conserving resources by using recycled raw materials in the chemical industry and to drive the transition to a circular economy,” said Christoph Gahn, Vice President Chemical Recycling Business & Technologies at BASF. “Partnerships with agile, innovative companies are key to achieving these goals. We are pleased to have found such a partner in Germany in ARCUS, who will be able to supply us with commercial quantities of pyrolysis oil for the production of Ccycled™ products in the future. In this way, we support our customers in achieving their sustainability goals."

The agreement is another building block in the expansion of BASF’s ChemCyclingTM business, which focuses on the chemical recycling of non-recycled post-consumer plastic waste on an industrial scale. BASF will feed the pyrolysis oil supplied by ARCUS into its production network in Ludwigshafen, replacing fossil resources. The proportion of recycled raw material is allocated to products manufactured in the Verbund using a mass balance approach. The attribution is checked by an independent auditor. The products that bear the name suffix “Ccycled™” have exactly the same properties as conventionally manufactured products. Customers can therefore process them in the same way and also use them in applications that place high demands on quality and performance, such as automotive parts. Commercial products have been on the market since 2020.

We remind, BASF, SABIC and Linde have started construction of the world’s first demonstration plant for large-scale electrically heated steam cracker furnaces. By using electricity from renewable sources instead of natural gas, the new technology has the potential to reduce CO2 emissions of one of the most energy-intensive production processes in the chemical industry by at least 90% compared to technologies commonly used today.
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