Cepsa signs green hydrogen shipping deal with Rotterdam port

Spanish oil and gas group Cepsa has signed a deal with the Dutch port of Rotterdam to ship green hydrogen from southern Spain to northern Europe, the oil company and the port said.

“Cepsa and the Port of Rotterdam are to work together to establish the first green hydrogen corridor between southern and northern Europe, ensuring a green hydrogen supply chain between two of Europe’s main ports, Rotterdam and Algeciras,” Cepsa said in the press release.

The hydrogen will be produced at Cepsa’s San Roque Energy Park near the Bay of Algeciras, and will be exported through hydrogen carriers such as ammonia or methanol to the Port of Rotterdam.

The trade lane is expected to be operational by 2027. Comparatively, first supply corridors from the European Hydrogen Backbone, a plan developed by gas transmission operators for the transport of hydrogen pipe, are due to be completed by 2030.

We remind, Cepsa, a leading international company committed to sustainable mobility and energy, and Ohmium International, a company specialized in the design, manufacture, and deployment of PEM electrolyzers, have announced an agreement to develop highly efficient green hydrogen projects in the Iberian Peninsula.

Cepsa is a Spanish petrochemical company. Full name Compania Espanola de Petroleos S.A. The company is headquartered in Madrid. Refining is one of the main activities of CEPSA. The production of asphalt and other road surfaces is another of the company's core activities; nine CEPSA factories are engaged in the production of these products.

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The Sherwin-Williams Company announced an agreement to acquire Industria Chimica Adriatica S.p.A. (ICA), an Italian designer, manufacturer and distributor of industrial wood coatings used for kitchen cabinets, furniture and decor, building products, flooring and other specialty applications, said the company.

The acquired business has annual sales of more than €150 million, with sales and operations globally, including production facilities in Italy and Poland, and ICA's interest in the India-based joint venture, ICA Pidilite. ICA has approximately 600 employees and will become part of the Sherwin-Williams Performance Coatings Group operating segment. The transaction is expected to close by the end of 2022.

"This wonderful company brings us innovative waterborne and solvent liquid coatings technology, including an award-winning range of ultra-matt protective coatings and a growing portfolio of BIO water-based coatings products, which are made with recycled raw materials," said Sherwin-Williams Chairman and Chief Executive Officer, John G. Morikis.

"In addition to this strong technical expertise, ICA has excellent relationships with multi-national and local customers, multiple product specification and approval positions, strategically located manufacturing and distribution, and an outstanding commercial team focused on delivering innovative and value-added solutions. The combination of our businesses provides numerous opportunities to accelerate profitable growth in the region and beyond. The outstanding leadership and talented employees of ICA have built an admirable track record of success over the last 50 years, and we look forward to welcoming them to the Sherwin-Williams family upon the close of the transaction."

As per MRC, Sherwin-Williams Company (SHW) lowered its net sales guidance for the third quarter of 2021, while keeping its full-year net sales and net income per share view unchanged. The company lowered its third-quarter consolidated net sales guidance to be up or down by a low-single digit percentage over third-quarter 2020 from its prior view of up mid-to-high single digit percentage. The full-year 2021 consolidated net sales guidance remains unchanged at up a high-single to low-double digit percentage over 2020 levels.
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LanzaTech NZ, Inc. announced a funding partnership with Brookfield Renewable, and its institutional partners, to co-develop and build new commercial-scale production plants that will employ LanzaTech’s CCT technology, which transforms captured carbon into valuable raw material commodities, said Hydrocarbonprocessing.

The funding partnership commits an initial $500 MM to be invested by Brookfield Renewable in constructing and operating new CCT projects that have achieved certain pre-agreed milestones. The funding will be provided through the Brookfield Global Transition Fund (“BGTF”), which is the largest fund in the world focused on the energy transition. Brookfield will be LanzaTech’s preferred capital partner for LanzaTech CCT opportunities in Europe and North America and following initial investments totaling $500 MM, Brookfield could commit to making an additional $500 MM available for investments in the strategic partnership if sufficient projects are available at the agreed milestones. Brookfield will also invest USD50 MM in LanzaTech to support further corporate development.

“LanzaTech’s technology provides a new way to decarbonize hard-to-abate sectors across the economy,” said Natalie Adomait, Managing Partner and Chief Investment Officer of BGTF. “We view this as an attractive opportunity to accelerate deployment of this technology at scale and be a partner to grow in an emerging area of infrastructure in a decarbonized economy."

“Creating a new carbon economy will require new ways of financing technology scale up and deployment,” said Jennifer Holmgren, CEO of LanzaTech. “We are excited to partner with Brookfield to accelerate deployment and achieve exponential growth. Together, we have the potential to target significant commodity markets and keep fossil resources in the ground. Each additional plant deployed has the potential to keep the equivalent of around 100,000 tons of carbon from the atmosphere each year. This is the new carbon economy in action!"

LanzaTech converts carbon through the power of biology, using a biocatalyst to transform emissions into fuels and chemicals. Through application of their technology, steel mill emissions have been converted into sustainable aviation fuel, clothing ranges, laundry detergent, household cleaner and fine fragrances. LanzaTech creates industrial symbioses where the emissions from heavy industry can be used by consumer goods companies to make products that would otherwise come from fossil inputs. LanzaTech aims to contribute to a world where your plane is powered by recycled GHG emissions, and your shampoo bottle started life as emissions from a steel mill.

We remind, LanzaTech NZ Inc has struck a deal with Brookfield Renewable Corp for a USD500 MM commitment by the investment firm to finance upcoming projects using LanzaTech's technology.
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ExxonMobil's French business Esso is trying to resume operations as soon as possible now that an agreement has been accepted by two trade unions, but the restart will depend on the decision made by the next shift of workers, said Reuters.

ExxonMobil asked the U.S. National Labor Relations Board (NLRB) to move back by a month a hearing on a complaint the company unlawfully locked out more than 600 workers from its Beaumont, Texas, refinery.

We remind, ExxonMobil is gradually shutting down its 235,000 barrel per day (bpd) Fos-Sur-Mer refinery in France as a result of ongoing strike action. Walkouts caused the gradual shut down of Exxon's 240,000 bpd Port Jerome-Gravenchon oil refinery and Notre Dame de Gravenchon (NDG) petrochemical site in France on Sept. 20 before spreading to Fos-Sur-Mer 24 hours later.
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Some units at Kuwait's Mina al-ahmadi oil refinery abruptly stopped on Monday evening due to a cooling water cut, Kuwait National Petroleum Company (KNPC) said, adding that local supplies and exports have not been affected, said Reuters.

Work at the refinery's gas plant was also halted, the company said in a post on its Twitter account without specifying a date for the resumption of operations.

As per MRC, Kuwait National Petroleum Co (KNPC) successfully started full operation of an environmentally friendly project to expand refining capacity and produce fuel that generates lower emissions and less pollution.

As per MRC, Kuwait National Petroleum Company restarted the steam production system in Kuwait’s Mina Abdulla refinery. The steam production system was shut down temporarily as it was replaced hot circulation system.

Kuwait Petroleum Corporation (KPC) was established in 1980, as the State owned asset and all other oil companies in Kuwait, including KNPC, became KPC subsidiaries. Currently, KNPC has two state-of-the-art Refineries, namely Mina Abdullah Refinery (MAB) and Mina Al-Ahmadi Refinery (MAA). Shuaiba Refinery was shut down in March 2017 after the kick-off of the Clean Fuels Project (CFP). The total production capacity of both Refineries is 736,000 bpd of crude oil, and a gas processing capacity of 2.5 billion scfpd.

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