Braskem acquires taulman3D expanding its portfolio of materials for additive manufacturing applications

Braskem acquires taulman3D expanding its portfolio of materials for additive manufacturing applications

MOSCOW (MRC) -- Braskem the largest polyolefins producer in the Americas, as well as a market leader and pioneer producer of biopolymers on an industrial scale, announced the acquisition of taulman3D, said the company.

The acquisition of taulman3D is a perfect complement to Braskem's existing portfolio of next-generation filaments (Polyethylene (PE), Polypropylene (PP), Carbon Fiber, Glass Fiber & Recycled Polymers), pellets, and powders designed specifically for 3D printing applications.

Founded in 2012, taulman3D is trusted by thousands of professionals around the world and offers a wide portfolio of filaments and polymers designed to address specific and varying customer applications. taulman3D products are available worldwide, through a variety of exceptional distributors on 6 continents. taulman3D's headquarters, research, and development as well as production and distribution facilities are in Linton, Indiana.

Jason Vagnozzi, Global Commercial Director of Additive Manufacturing, Braskem commented, "Braskem's acquisition of taulman3D brings a high-quality 3D filament producer with a globally diversified client list and a highly complementary product portfolio. With projections for the 3D printing industry expected to grow from USD15 billion today to USD78 billion by 2030 - growing at an estimated 20% CAGR - we see enhanced opportunities to serve this rapidly growing demand. Today's acquisition doubles Braskem's market share in the additive manufacturing market and further accelerates our growth strategy."

We remind, Braskem, the market leader and pioneer in bioproducts production on an industrial scale, and Sojitz, a Japan-oriented global trading company, have announced the launch of Sustainea, which will produce and market bioMEG (monoethylene glycol) and bioMPG (monopropylene glycol). The market launch of the brand follows the approval of the joint venture (the process began in March 2022) by antitrust authorities.

Sinopec releases China Energy Outlook 2060

Sinopec releases China Energy Outlook 2060

MOSCOW (MRC) -- China Petroleum & Chemical Corporation officially published the “China Energy Outlook 2060” (the “Outlook”) on December 28 in Beijing, said Hydrocarbonprocessing.

This is Sinopec’s first publicly released research findings of their medium and long-term energy outlook, providing a new perspective for the scientific planning of transformation and development of China’s energy and chemical industries. This in the context of the “Dual-Carbon” goals laid out by the Chinese government, with the core goal of achieving carbon neutrality by 2060.

According to the Outlook, a project of the Sinopec Economics & Development Research Institute, China’s primary energy consumption is expected to peak at approximately 6.03 billion tons of standard coal between 2030 and 2035, and reduce to about 5.6 B tons of standard coal in 2060. The energy-related carbon emissions are expected to peak at around 9.9 B tons by 2030 after excluding the carbon sequestration of raw material energy use, and drop to 1.7 B tons in 2060, achieving carbon neutrality through Carbon Capture Usage Storage (CCUS) technology, and carbon sinks, amongst other methods.

The report, detailing China’s energy consumption and carbon emission projections of major stages leading to 2060, has put forward the concept of an “energy balance triangle” based on the comprehensive research of the history of global energy development, key factors influencing energy transformation, major trends, and the future path of energy development.

It has proposed a roadmap for China’s energy transformation based on the energy triangle concept. This is based on tackling any security challenges that may arise in the transition, emphasizing the urgency of making the transformation towards green energy, and coordinating development goals. In addition, it has emphasized the importance of unifying the general direction, objectives and principles of national economic and social progress with the course of energy transformation.

“The Outlook is Sinopec’s latest achievement in exploring the high-quality energy development in China and reflects our observations and understandings on the laws of energy evolution with systematic judgement on the future trends of China’s energy development,” noted Zhao Dong, president of Sinopec. “We hope to work with all partners to further strengthen academic exchanges and deepen all-round cooperation to promote more high-quality energy research and results, and contribute to accelerating the planning and construction of a new energy system and safeguard national energy security.”

We remind, Saudi Aramco and China Petroleum and Chemical Corporation (Sinopec) have signed a deal to build a refinery and a petrochemicals plant in China. The 3,20,000 barrels-per-day refinery and 1.5 million tons-per-year petrochemical cracker complex will be in operation by the end of 2025, Aramco said in a statement on Sunday.
Aramco and Sinopec, along with Saudi Basic Industries Corporation (Sabic), have also signed a an agreement to study the feasibility of developing petrochemicals complex to be integrated with an existing refinery in Yanbu, Saudi Arabia.

Topsoe and Fidelis new energy form carbon neutral hydrogen technology alliance

Topsoe and Fidelis new energy form carbon neutral hydrogen technology alliance

MOSCOW (MRC) - Topsoe and Fidelis New Energy, LLC have entered into a global alliance for technology used for producing carbon neutral hydrogen, said the company.

The alliance pairs Topsoe’s hydrogen process portfolio with FidelisH2™ technology for reduction of lifecycle carbon emissions in hydrogen production. Combined, the alliance solution enables the production of hydrogen from natural gas with a lifecycle carbon intensity of 0 kgCO2e / kgH2.

Producing decarbonized products, materials, and fuels through proven technologies such as the Topsoe Blue Portfolio and FidelisH2 is a critical contribution to decarbonizing carbon intense sectors of society, including industry, digital infrastructure, agriculture, energy, and transportation. Topsoe and Fidelis are dedicated to continue to play their roles in this important endeavor to accelerate the energy transition and to join forces to provide an offering for life cycle carbon neutral hydrogen utilizing renewables and natural gas.

Fidelis and Topsoe will jointly and exclusively license FidelisH2™ alongside Topsoe’s blue hydrogen technology portfolio. Topsoe will lead engagement with potential licensees interested in utilizing FidelisH2™ to produce carbon neutral hydrogen at world scale using proven technologies.

Henrik Rasmussen, Managing Director, The Americas, Topsoe, said “This is an exciting partnership to lead the way to achieve net-zero in 2050. I look forward to working with Fidelis in setting the bar high regarding transitional energy technologies. With this alliance, we can offer clients across all industrial sectors , a proven and exceptional carbon neutral hydrogen solution."

Co-Founder and CEO of Fidelis, Dan Shapiro, said “We are excited to partner with Topsoe, the leading provider of hydrogen production technology and catalysts. After several years of work with Topsoe leadership, catalysts, and technologies, we are pleased to formally join forces with them through this Global Alliance Agreement to deliver carbon neutral hydrogen produced from Topsoe’s Blue Portfolio and the innovative and novel FidelisH2™ process."

Fidelis Co-Founder and COO, Bengt Jarlsjo added, “We look forward to deploying FidelisH2™ across our future projects and to providing other select users a path to zero carbon intensity clean hydrogen utilizing certified natural gas and renewable energy.”

Topsoe’s industry leading hydrogen process portfolio includes both steam methane reforming and SynCOR™ autothermal reforming solutions to produce hydrogen with integrated carbon capture. FidelisH2™ is a proprietary solution for incorporation of renewable energy into reforming processes to achieve clean hydrogen production. The novel integration of these proven technologies offered through the alliance provides a scalable solution well suited for generating valuable climate and environmental incentives such as the 45V tax credits provided in the United States Inflation Reduction Act of 2022.

We remind, Topsoe to move ahead on setting up solid oxide electrolyser plant in Denmark, said the company.
Topsoe has announced that its board has approved the final investment decision (FID) to start the construction of the "world's largest" solid oxide elctrolyser cell (SOEC) electrolyser manufacturing plant in Herning, Denmark.
The plant will have a production capacity of 500 MW/y with an option to expand to 5 GW. Construction of the plant will start in 2H 2022.

Vietnam largest refinery to fix leaking RFCC unit by January 15

Vietnam largest refinery to fix leaking RFCC unit by January 15

MOSCOW (MRC) -- Vietnam's largest oil refinery will complete repairs needed to fix a technical problem at its residual fluid catalytic cracking (RFCC) unit by Jan. 15, two refinery sources said Reuters.

The 200,000-barrel-per-day Nghi Son Refinery and Petrochemical had a leak at the RFCC unit, the government said on Friday, adding the problem would reduce the refinery's output by 20%-25%.

Nghi Son, which provides more a third of Vietnam's petroleum needs, is one of only two oil refineries in the country.

"We will restart the unit immediately after," one of the sources said of the repairs, declining to be named because they were not authorized to speak to media. Reuters first reported the unit's shutdown late last month.

"The refinery will operate at 100% to 110% of its capacity to compensate for the shortfall," the same source added. The information was confirmed by a second source.

We remind, the output from Vietnam's largest oil refinery is expected to fall by 20%-25% during the first 10 days of January as its residual fluid catalytic cracking (RFCC) unit has been shut down due to a technical problem. The 200,000-bpd Nghi Son Refinery and Petrochemical has a leak at the RFCC unit, the government said in a statement.

Nghi Son refinery is 35.1% owned by Japan's Idemitsu Kosan Co, 35.1% by Kuwait Petroleum, 25.1% by Vietnam's state oil firm PetroVietnam and 4.7% by Mitsui Chemicals Inc.

Green industries could be worth USD10.3 T to economy by 2050

Green industries could be worth USD10.3 T to economy by 2050

MOSCOW (MRC) -- Industries helping the world shift to net-zero emissions could be worth USD10.3 T to the global economy by 2050, sustainable development consultancy Arup and economics advisory firm Oxford Economics said in a report on Tuesday, as per Reuters.

From heatwaves to floods, extreme weather events are not only costly but increasingly causing upheaval across the globe, pushing governments and industries to seek to cut greenhouse gas emissions and mitigate climate change.

"As economists, we have to be honest about the fact that mitigating climate change will be expensive," Oxford Economics' Chief Executive Adrian Cooper said in a statement. "But the transition to a carbon-neutral global economy also presents compelling opportunities."

The analysis showed emerging new markets for carbon-neutral goods and services that help reach the Paris Agreement net-zero target will be worth USD10.3 trillion, or about 5% of projected gross domestic product (GDP), by mid-century.

"This includes the direct contribution to GDP of electric vehicles manufacturing, renewable power generation, clean energy equipment manufacturing, renewable fuels and green finance; plus the activity supported across global supply chains," the report stated.

It also showed, as industries shift to clean power amid a global energy supply crisis, that resulting disruptions will create new competitive opportunities for companies able to adapt quickly to changing demands.

Arup and Oxford Economics found the green transition would lead to substantial productivity gains from climate change mitigation compared to "a world in which climate change has been left unchecked, or poorly tackled".

A scenario analysis by Oxford Economics suggested a failure to act could damage global GDP by around 5% by 2050. In 2021, it said the cost of weather-related interruptions to economic activity had already reached USD233 B.

"This report shows the green transition is not a burden on the global economy, but a substantial opportunity to bring about a greater and more inclusive prosperity," Arup Global Strategy Skills Leader Brice Richard said.

We remind, from the moment Russian gas exports to Germany were first disrupted in June, German firm Kelheim Fibers began casting around for alternative options to keep its engines running. As a result, the Bavarian-based firm, whose fibers are used in anything from teabags to tampons, will be able to use heating oil instead of gas starting mid-January. The downside is that will increase carbon emissions and for the longer term, the firm is considering a switch to hydrogen, which is a much cleaner energy source provided it is produced using renewable power.