Air Liquide receives support from Dutch State for two large-scale electrolyzer projects in the Netherlands

Air Liquide receives support from Dutch State for two large-scale electrolyzer projects in the Netherlands

MOSCOW (MRC) -- Air Liquide welcomes the Dutch State decision to support its large-scale renewable hydrogen projects, named ELYgator and CurtHyl, through the Important Project of Common European Interest (IPCEI) Hy2Use program, said the company.

These electrolyzer projects, which will each have a capacity of 200 MW, will significantly contribute to the decarbonization of the Dutch and neighboring countries’ industry and support the growth of clean mobility markets.

Both electrolyzers will run on renewable electricity. The two projects will produce a total of around 30,000 tonnes of renewable hydrogen per year without generating any CO2 emissions. Compared to a traditional process, this will avoid the emission of more than 5 million tonnes of CO2 over the period of operation. The ELYgator project will be located in Terneuzen, the Netherlands. The CurtHyl project will be located at the Maasvlakte 2 conversion park in Rotterdam, the Netherlands. Those two world scale electrolyzers will be integrated into the existing Air Liquide portfolio of assets and enable the supply of low-carbon hydrogen to multiple customers of the industry and the mobility markets.

Pioneering projects such as ELYgator and CurtHyl contribute to the national and European climate ambitions as hydrogen will play a key role in decarbonization, particularly for hard-to-abate industry and mobility sectors. The grant award is a major step towards the final investment decision, with both projects subject to regulatory approvals.

We remind, Air Liquide has signed a long-term contract to supply Kumho Mitsui Chemical (KMCI) in South Korea with additional hydrogen and carbon monoxide (CO). Supply will be used to help KMCI with its 50% expansion of methyl diphenyl diisocyanate (MDI) production in South Korea’s Yeosu National Industrial Complex, which is scheduled to come online in 2024.

ADNOC acquires 24.9% stake in OMV

ADNOC acquires 24.9% stake in OMV

MOSCOW (MRC) -- Abu Dhabi National Oil Company (ADNOC) and Mubadala announced a transaction involving OMV, a global energy and chemicals group, headquartered and listed in Vienna, Austria. Under the agreement, ADNOC will acquire a 24.9% shareholding in OMV from Mubadala, said Hydrocarbonprocessing.

Financial details of the transaction are not being disclosed. Upon completion of the transaction, which is subject to certain closing conditions and regulatory approvals, ADNOC will own 24.9% of OMV, Osterreichische Beteiligungs AG (OBAG), an Austrian independent holding company, holding 31.5%, with the remaining share capital in free float.

Through this investment in OMV, who hold a 75% stake in Borealis, ADNOC will increase its shareholdings in both Borealis and Borouge, bolstering its footprint in the chemicals sector, enabling synergies and unlocking significant growth opportunities across its broader chemicals portfolio, in particular at Borouge. The transaction marks the next major milestone for ADNOC as it accelerates its ambitious domestic and international chemicals growth strategy and also aligns with Mubadala’s long-term investment strategy.

Commenting on the transaction, His Excellency Dr. Sultan Al Jaber, UAE Minister of Industry and Advanced Technology and ADNOC Managing Director and Group CEO said: “Building on the strong bilateral ties between the UAE and Austria, and our long-standing partnership with OMV, ADNOC is delighted to be acquiring a 24.9% stake in OMV. As we continue to meet the growing global demand for lower carbon energy, we are fast-tracking the delivery of our growth strategy and expanding our footprint across key strategic markets and sectors. This milestone transaction, alongside our 25% shareholding in Borealis, is testament to our focused investment in building an integrated chemicals platform to accelerate our ambitious growth strategy that will unlock significant growth opportunities across our broader chemicals portfolio, with a particular focus on creating distinctive value for Borouge and its shareholders."

This transaction represents the latest milestone in ADNOC’s strategic growth and investment journey and reinforces ADNOC’s role as a primary catalyst for responsible, sustainable investment and value creation for Abu Dhabi and the UAE.

His Excellency Khaldoon Khalifa Al Mubarak, Managing Director and Group CEO, Mubadala, said: “Mubadala has had a longstanding relationship with our Austrian partners, and we have worked together to develop a champion in the energy sector, OMV. This transaction is reflective of our strategy to monetize assets at the right valuation and at the right time. “2022 has been a year of increased activity and strategic investment across Mubadala, in sectors and geographies all over the world. We will continue to partner with best-in-class entities as we diversify our investment base and expand our growth trajectory.” This transaction cements the strong ties between the United Arab Emirates (UAE) and Austria, and creates long-term value for ADNOC, Mubadala and OMV.

We remind, Abu Dhabi National Oil Company (ADNOC) is accelerating operationalization of its board mandated low carbon growth strategy, by establishing a new Low Carbon Solutions and International Growth vertical that will focus on renewable energy, clean hydrogen and carbon capture and storage, as well as international expansion in gas, LNG and chemicals.

Clariant novel catalyst boosts HPPO process performance at China plant

Clariant novel catalyst boosts HPPO process performance at China plant

MOSCOW (MRC) -- Clariant Catalysts has collaborated with Evonik and thyssenkrupp Industrial Solutions (tkIS) for a propylene oxide (PO) project in China, said the company.

Qixiang Tengda will depend on Evonik-tkIS HPPO technology to transform propylene into PO, in the presence of hydrogen peroxide. The new plant will have a capacity of 300,000 tonnes/y.

Once done, the NiSat 310 catalyst of Clariant will remove by-products by converting up to 95% or more of the unreacted hydrogen peroxide into water and unwanted aldehydes into alcohols.

We remind, Clariant is set to expand its Care Chemicals facility in Daya Bay, Huizhou, China, to boost its support for pharmaceutical, personal care, home care, and industrial application customers. The CHF 80 million investment will see capacity increases for existing products as well as the introduction of new products by the end of 2024.

Topsoe Technology chosen for low carbon ammonia project in Louisiana, US

Topsoe Technology chosen for low carbon ammonia project in Louisiana, US

MOSCOW (MRC) -- Technology major, Topsoe has been chosen as technology provider to Ascension Clean Energy (ACE), an industrial scale low carbon hydrogen-ammonia joint venture project in Louisiana, US, by Clean Hydrogen Works (CHW), Denbury Carbon Solutions and Hafnia, said Hydrocarbonprocessing.

“The projected USD7.5 billion project is expected to produce 7.2 million tonnes of low carbon ammonia per year in Louisiana, US,” Topsoe wrote in a statement. To deliver the 7.2 million metric tons of clean ammonia annually ACE will use Topsoe’s integrated hydrogen and ammonia solutions, including state-of-the-art SynCOR™ auto-thermal reforming (ATR) technology, the statement noted.

“This industry-leading technology is targeting a reduction of up to 98% of all carbon dioxide, which is contracted to be permanently sequestered by Denbury Carbon Solutions,” Topsoe said in the statement. Commenting on the development, Peter Vang Christensen, Senior Vice President Technology, Topsoe, said,“Low carbon solutions are vital if we are to succeed with the energy transition, and this project will have a positive impact in leading the way for large-scale decarbonization of our global energy infrastructure.

“We are delighted to have been selected to support this project that will showcase not only Topsoe’s world leading technology but also ACE’s role in the transition to decarbonized fuels.” On the West Bank of the Mississippi River in Louisiana’s Ascension Parish, ACE will be sited on a prime 1,700-acre location near existing infrastructure, with direct access to the Mississippi River, Topsoe said while adding that a final investment decision regarding ACE is expected in 2024.

We remind, Topsoe, a global leader in carbon emission reduction technologies, has been appointed by SGP BioEnergy to support the production of renewable fuels in South America’s largest upcoming renewable fuels plant, located in Panama. Topsoe will provide its innovative HydroFlex technology to produce SAF and RD, while also deploying its H2bridge technology to ensure the plant has a net-zero greenhouse gas footprint, recycling green hydrogen generated by waste carbon and production by-product back into the plant’s operations.

Hyundai Engineering completes Long Son utility plant in Vietnam

Hyundai Engineering completes Long Son utility plant in Vietnam

MOSCOW (MRC) -- Hyundai Engineering announced that it has completed the construction of Long Son Utility Plant in Vietnam, said Businesskorea.

The company held an initial acceptance ceremony for the plant with the attendance of officials, including Hong Hyun-seong, CEO of Hyundai Engineering, and Thamasak Sethadom, executive vice president of Siam Cement Group, the client of the project.

The project involved building infrastructure, such as a boiler, a water treatment facility and electrical substations, for production of steam and industrial water for the Long Son Petrochemical Complex on Long Son Island of Vung Tau City, about 100 km southeast of Ho Chi Minh City, in Vietnam.

Steam and industrial water from this utility plant are essential to the operation of the petrochemical complex.

Hyundai Engineering has shortened the construction period for the project by three months. It started construction work in September 2018, started the normal operation of the utility plant in 41 months since the start of work, and obtained an official completion certificate in about 50 months. The completion of the plant was originally scheduled for February 2023.

We remind, Hyundai Chemical, a JV between South Korea’s Lotte Chemical and Hyundai Oilbank, has started to market cargoes from the new polypropylene (PP) plant in Daesan in mid-November. Chinese customers informed CommoPlast of having received offers for on-spec cargoes of homopolymer of propylene (homopolymer PP) from its newly launched plant.