Chevron and MOL to study CO2 shipping from Singapore to Australia

Chevron Corporation and Japan's Mitsui O.S.K. Lines (MOL), Ltd. (MOL) have signed an agreement to study the feasibility of transporting liquefied carbon dioxide from Singapore to permanent storage locations offshore Australia, said the company.

Under the JSA, Chevron and MOL will explore the technical and commercial feasibility of initially transporting up to 2.5 million tonnes per annum (Mtpa) of liquified CO2 by 2030.

The JSA will complement work to be advanced by a recently announced consortium to explore solutions for large-scale carbon capture, transport and permanent storage of CO2 from Singapore. Through its part in three joint ventures, Chevron was also recently granted an interest in three greenhouse gas assessment permits offshore Australia.

“Developing safe and reliable CO2 transportation services is a crucial step in developing large scale Carbon Capture, Utilization, and Storage (CCUS) solutions. We are pleased to partner with MOL to explore commercially-ready solutions to focus on realizing this goal,” said Mark Ross, president of Chevron Shipping Company.

“We expect this agreement with MOL to advance the technical and commercial foundations for a regional approach to CCUS, which could provide progress toward the region’s net-zero ambitions. No single entity has all the solutions, but genuine collaboration can help us unlock opportunities as we advance our shared goal of a lower carbon future,” said Chris Powers, vice president, CCUS, Chevron New Energies.

“As a developer and a provider of social infrastructure service in addition to traditional shipping, MOL is honored and excited to have an opportunity to collaborate with Chevron for opening up CCUS solutions in the Asia Pacific region. We hope to expand our collaboration to wider areas of solutions for decarbonization including CCUS and renewable energies globally,” said Yasuchika Noma, Executive Officer of MOL.

We remind, Chevron reported its second-highest ever quarterly profit, blasting past analysts' estimates, driven by soaring global demand for its oil and gas and rising production from its U.S. oilfields. The surge comes as oil companies book mounting profits with prices near record levels and supplies tight on output cuts during the COVID-19 pandemic, as well as market disruption from the war in Ukraine. Chevron posted a third-quarter net profit of USD11.2 B, or USD5.78 per share - almost double the $6.1 B from the same period last year, and well ahead of Wall Street's USD4.86 estimate.

mrchub.com

Chlorum Solutions LLC (Sao Paulo, Brazil) will use thyssenkrupp nucera AG & Co. KG (Dortmund, Germany) technology for its next two chlor-alkali plants in Brazil, said Chemengonline.

The company has ordered two skid mounted plants with BM2.7 electrolysis technology from the supplier of world-leading technologies for high-efficiency electrolysis plants. The two chlor-alkali electrolysis plants will each provide the company with a production capacity of 45 ton/d of chlorine. They will produce sodium hypochlorite, hydrochloric acid and caustic soda.

The first chlor-alkali plant will be installed in the Brazilian state of Santa Catarina and the second one in the state of Minas Gerais. thyssenkrupp nucera will provide engineering, equipment (mostly pre-assembled and tested on skid) and consulting services during the installation and commissioning of the plant.

“Our solutions are tailor-made to the specific needs of our customers. That is why we only work with partners who meet our high standards of efficiency and quality, but also safety and environmental compatibility. The electrolyzers from thyssenkrupp nucera are therefore our choice,” says Alfredo Kerzner, CEO of Chlorum Solutions.

The modular concept of thyssenkrupp nucera’s chlor-alkali plant for smaller capacities offers significant savings in construction costs and enables fast, simple and cost-effective assembly. The complete plant is prefabricated in modules that only need to be erected and connected together on site. This approach significantly reduces project risks and duration. Both plants are planned to go into operation in the second quarter of 2024.

“Chlorum Solutions is a pioneer in providing an environmentally friendly, innovative and safe solution for the supply of chlorine and its derivatives. We are pleased that the company has chosen our technology. This is a further demonstration of the value proposition that our plants and our technology services can provide to the customers with our energy efficient products,” says Gerhard Hen?en, managing director of thyssenkrupp nucera Italy.

Chlorum Solutions specializes in the construction and operation of small scale chlorine plants for the production of hydrochloric acid and hypochlorite, and aims to build several new plants in the coming years.

Thyssenkrupp nucera offers world-leading technologies for high-efficiency electrolysis plants. The company has extensive in-depth knowledge in the engineering, procurement, and construction of electrochemical plants and a strong track record of more than 600 projects with a total rating of over 10 GW already successfully installed. The modular designed thyssenkrupp nucera’s chlor-alkali electrolysis plant for smaller capacities offers significant savings in construction costs and enables fast, simple and cost-effective installation. In addition, the latest BM2.7 single-element generation enables major energy savings by using continuously optimized design and the latest, energy-saving components.

As per MRC, Thyssenkrupp Uhde has won an order from Nippon Coke & Engineering Co., Ltd. (NCE) to build and supply a new low-emission, top-charge coke oven battery in Japan. The new battery will be installed at the Kitakyushu works as a replacement for the existing battery 2A. The design will include thyssenkrupp Uhde’s proprietary EnviBAT system to reduce emissions during the coking process.
mrchub.com

Henkel announced that Jan-Dirk Auris, the Board member responsible for the Adhesive Technologies business unit, will conclude his longstanding and successful service to the company at the end of January 2023, following the joint decision to forego a prolongation of his existing contract, which is scheduled to expire at the end of 2023. He will support the handover of responsibility to his successor, said the company.

"In more than three decades at Henkel, Jan-Dirk Auris has always put himself at the service of our company and recorded many achievements. Under his leadership, the Adhesive Technologies business unit has developed very successfully over the past decade. Today the business is the undisputed global leader in its industry. For us, this is the right time to address the succession at the helm of this business unit. We are very grateful to Jan-Dirk Auris for his great commitment and highly successful work for our company and wish him all the best for his future," said Dr. Simone Bagel-Trah, Chairwoman of the Supervisory Board and Shareholders' Committee of Henkel.

"Jan-Dirk Auris has made an exceptional and very successful career at Henkel. Around 35 years with the company, 12 of which as a member of the Management Board – that is a truly impressive achievement. His passion for the business, combined with a deep knowledge of markets and customers, as well as his ability to develop successful teams and leaders, have always been of great value to Henkel," added Carsten Knobel, CEO of Henkel.

Jan-Dirk Auris (54) has been with Henkel for around 35 years and since 2011 has been a member of the Management Board with responsibility for the Adhesive Technologies business unit, which with sales of more than 10 billion euros is the global leader in adhesives, sealants, and coatings. He began his career at Henkel in 1987 with an apprenticeship in industrial management. Following roles as key account manager and sales manager in Germany, he took on positions with increasing international responsibility in North America and Asia before he became a member of the Management Board at the beginning of 2011.

We remind, Henkel Korea has completed work on its Songdo Plant, a production facility for electronics solutions in Korea. The project is expected to become the firm’s production hub in the Asia-Pacific region for high-impact electronics solutions.
mrchub.com

Pertamina Power Indonesia, Keppel Infrastructure and Chevron New Energies have agreed to develop green hydrogen and green ammonia in Sumatera, Indonesia, said the companies.

The signing of the JSA took place at the Business 20 (B20) Investment Forum held in conjunction with the B20 Summit in Bali. B20 is an official G20 engagement group that represents the global business community. Signing the JSA were CEO of Pertamina NRE, Dannif Danusaputro; Director of Keppel New Energy Pte., Ltd., Chua Yong Hwee, and Director of Chevron New Energies International, Pte. Ltd., Andrew S. Mingst. The signing was witnessed by the Coordinating Minister for Maritime Affairs and Investment, Luhut Pandjaitan; Minister of Investment of Indonesia & Head of BKPM, Bahlil Lahadalia; President Director & CEO, PT Pertamina (Persero), Nicke Widyawati; and Chief Executive Officer, Keppel Infrastructure, Cindy Lim.

The JSA intends to explore the feasibility of developing a green hydrogen facility, with a production capacity of at least 40,000 tonnes per annum, powered by 250-400 megawatts of geothermal energy in the initial phase. The hydrogen production facility could have the potential to scale up to 80,000-160,000 tonnes per annum, depending on the availability of geothermal energy as well as market demands.

The JSA aims to draw on the complementary strengths of Pertamina, the largest energy company in Indonesia; Keppel Infrastructure, a leading Singapore-based energy infrastructure solutions provider with a strong track record of developing and operating large scale energy and environmental infrastructure projects; and Chevron, a multinational energy corporation committed to providing affordable, reliable, ever-cleaner energy.

According to an International Energy Agency report, Indonesia, the world’s fourth most populous country, has a viable path to reaching its target of net zero emissions by 20601. Hydrogen and ammonia are expected to be important lower carbon fuels as part of this roadmap. Ammonia can also be used to transport hydrogen and potentially be used to replace bunker fuels as a lower carbon solution in the global maritime industry.

Indonesia accounts for approximately 40 percent of global geothermal resources, providing opportunities to utilize geothermal energy as a reliable and stable energy source to produce green ammonia or hydrogen.

Dannif Danusaputro, CEO of Pertamina NRE, said, “The development of green hydrogen and green ammonia holds a significant role in Indonesia’s Net Zero Emissions roadmap. And with its potential, we believe that Indonesia will also play a key role in green hydrogen production in Asia. We are very excited with this strategic collaboration as we know that Keppel and Chevron are reputable companies and have the same vision in energy transition as we do.”

Ms. Cindy Lim, CEO of Keppel Infrastructure, said, “Indonesia is a country with vast resources and enormous potential for renewable and low carbon energy. We are happy to partner with industry leaders, Pertamina and Chevron, to explore the first of its kind use of geothermal and other renewable energy to develop green hydrogen and green ammonia projects and support Indonesia’s energy transition efforts, as well as catalyze investments in green energy supply chain in the regions. In line with Keppel’s Vision 2030, which places sustainability at the core of its strategy, this collaboration will broaden Keppel Infrastructure’s geographical footprints to create and capture more value arising from the global commitment to net zero and its energy transition.”

Austin Knight, vice president of Hydrogen, Chevron New Energies, said, “We have a long history of working in Indonesia and with Pertamina, and a growing relationship with Keppel Infrastructure. We look forward to leveraging our collective strengths to study and evaluate lower carbon opportunities for the region. Chevron’s strength has always been solving big, complex energy challenges, and creating a lower carbon future is the opportunity that motivates us. As part of this effort, we must work together to identify new, innovative ways of producing and delivering ever-cleaner energy to a growing world.”

Keppel Corporation Limited, the parent company of Keppel Infrastructure, does not expect the abovementioned development to have any material impact on Keppel Corporation’s earnings per share and net tangible asset per share for the current financial year.

We remind, Chevron reported its second-highest ever quarterly profit, blasting past analysts' estimates, driven by soaring global demand for its oil and gas and rising production from its U.S. oilfields. The surge comes as oil companies book mounting profits with prices near record levels and supplies tight on output cuts during the COVID-19 pandemic, as well as market disruption from the war in Ukraine. Chevron posted a third-quarter net profit of USD11.2 B, or USD5.78 per share - almost double the $6.1 B from the same period last year, and well ahead of Wall Street's USD4.86 estimate.
mrchub.com

LyondellBasell announced that CNOOC and Shell Petrochemicals Company Limited (CSPC), a 50:50 joint venture incorporated by CNOOC Petrochemicals Investment Co., Ltd. and Shell Nanhai B.V., has selected LyondellBasell’s Spherizone process technology, said the company.

The Spherizone process technology will be used for a 500 kiloton per year (KTA) polypropylene line located in Huizhou, Guangdong, P.R. of China.

“We are very excited to announce that CSPC has again chosen LyondellBasell’s Spherizone process technology for their new polypropylene plant. This represents the second Spherizone line from a total of five polyolefin lines, licensed from LyondellBasell at the Huizhou site,” said Neil Nadalin, Director, Global Licensing and Services for LyondellBasell. Nadalin added, “Spherizone process technology continues to demonstrate the ability to produce differentiated polymer grades in the highly competitive Chinese market, which remains a key requirement for our customers."

The Spherizone multi-zone circulating reactor (MZCR) provides a unique and innovative platform to manufacture polypropylene products with novel architecture and enhanced product properties. Almost 10 million tons of the Spherizone process for differentiated polypropylene production capacity has been licensed by LyondellBasell around the world.

The plant will commence operation using LyondellBasell Avant ZN catalyst. New licensees take advantage of LyondellBasell in-house expertise of continuous production improvement, continuous product development and catalyst know-how, by optionally joining our Technical Service program.

We remind, LyondellBasell announced that its leading polypropylene (PP) technology has been selected by Stavian Quang Yen Petrochemical, Ltd. (Stavian) for a new world scale production facility. The facility will include a 600 kiloton per annum (KTA) polypropylene plant using LyondellBasell’s Spheripol technology. The facility will be built in Quang Ninh Province, Vietnam.

mrchub.com