Reliance unveils India first hydrogen combustion engine technology for heavy-duty trucks

Reliance Industries Limited (RIL) unveiled India’s first Hydrogen Internal Combustion Engine technology solution for heavy duty trucks flagged off by Honourable Prime Minister Narendra Modi at the India Energy Week in Bangalore, said the company.

The Hydrogen Internal Combustion Engine (H2ICE) powered trucks will emit near zero emissions, deliver performance on par with conventional diesel trucks and reduce noise and with projected reductions in operating costs thus redefining the future of Green Mobility.

As part of its Net carbon Zero vison, Reliance with its vehicle partner Ashok Leyland and other technical partners are engaged in developing this unique technology since the last year with first engines running in early 2022. Going forward, Reliance will first extensively test and validate the H2ICE technology for heavy duty trucks before its first commercial deployment at scale initially across its captive fleet. Simultaneously Reliance is pursuing the opportunity to create an end-to-end Hydrogen eco system for mobility.

We remind, Reliance Industries Ltd., helmed by billionaire Mukesh Ambani, posted a larger-than-expected quarterly profit as growth in its consumer units offset the weakness in its traditional petrochemicals business. Net income fell 15% to 157.9 billion rupees (USD1.9 billion) in the quarter ended Dec. 31 but was still higher than the average 156.19 billion rupees estimated in a Bloomberg survey. India’s largest company by market value also secured approval of its board to raise as much as 200 billion rupees via bonds.

Reliance is India’s largest private sector company, with a consolidated revenue of INR 792,756 crore (USD104.6 billion), cash profit of INR 110,778 crore (USD14.6 billion), and net profit of INR 67,845 crore ($9.0 billion) for the year ended March 31, 2022. Reliance’s activities span hydrocarbon exploration and production, petroleum refining and marketing, petrochemicals, advanced materials and composites, renewables (solar and hydrogen), financial services, retail and digital services.
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South African petrochemical group Sasol said it expects its half-year profit to double, driven by strong oil prices and despite operational challenges in its domestic unit, said Hydrocarbonprocessing.

Sasol expects its headline earnings per share (HEPS)- the main profit measure in South Africa - to be between 29.84 rand and 31.36 rand (USD1.69-USD1.78) in the six months to December 2022, compared with 15.21 rand in the same period a year earlier.

The world's biggest producer of fuel products and chemicals from coal said the benefit of a weaker rand as well as higher oil prices and refining margins was offset by weaker global economic growth, depressed chemicals prices and higher input and energy costs. "Our South African operations also experienced several operational challenges, most notably in the mining business, where coal productivity and quality have been below plan," Sasol said in a trading update.

Poor rail performance, port constraints and power outages in South Africa had impacted sales volumes during the six months, Sasol added. Last week, Sasol said its coal exports fell 25% during the half year to 900,000 t due to rail logistics problems as well as safety and operational outages at its mines.

State-owned rail operator Transnet's under-performance, blamed on a shortage of locomotives and spare parts as well as cable theft and vandalized infrastructure, has hobbled South African coal exports at a time of high demand, especially in Europe, after the European Union banned imports from Russia after it invaded Ukraine.

We remind, Sasol announced that its world-scale U.S. ethane cracker has reached beneficial operation on 27 August 2019. Sasol’s new cracker, the heart of its Lake Charles Chemicals Project (LCCP), is the third and most significant of the seven LCCP facilities to come online and will provide feedstock to six new derivative units at Sasol’s Lake Charles multi-asset site.

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Maire Tecnimont S.p.A. announces that its subsidiary NextChem S.p.A. has signed an agreement with Biorenova S.p.A. to acquire, scale up and industrialize the proprietary CatC technology, a continuous chemical recycling process to recover monomers with ultra-high levels of purity from sorted plastic waste, particularly Polymethylmethacrylate (PMMA),, said Hydrocarbonprocessing.

NextChem intends to scale up CatC’s industrialization in the plexiglass market, while progressively expanding its application to other value-added plastics, as this technology could also be suitable for the depolymerization of polystyrene, a largely used plastic with numerous industrial applications from food packaging to electronics and automotive, among others. Moreover, a further optimization of the technology could allow to address the even larger polyolefins market.

The CatC technology has been developed in the Abruzzo region (central Italy), where the first market development plant has already been built. Monomer samples have been fully validated by perspective off-takers. Once scaled up, CatC would provide a cost-effective, competitive alternative to other existing depolymerization technologies for plexiglass, as the obtained monomers can be used directly without any further treatment. Biorenova S.p.A. is an innovative company engaged in the development of circular economy proprietary technologies, particularly in recovering materials through CatC technology, and hydrogen bioproduction.

NextChem will hold a 51% stake of a new company (NewCo) which will own the CatC technology. Biorenova will maintain the remaining 49%. Closing, is expected to take place by 30 April 2023, subject to customary conditions. This acquisition is strategically significant since it allows the Group to expand its technological portfolio and enter new markets.

Expected revenues coming from such activity are expected to progressively grow to an overall value of EUR30 million by 2028. After this ramp-up period, yearly revenues are expected to be in the EUR15-20 million range. NextChem through the NewCo will act as technology licensor, high-value process engineering and critical equipment provider.

We remind, Maire Tecnimont S.p.A. announces that NextChem, through its subsidiary MyRechemical, has kicked off the engineering phase of Hydrogen Valley in Rome, which is based on NextChem’s waste-to-chemical technology and has received the EU Commission grant within IPCEI HY2USE initiative, as already communicated, said the company.
NextChem has started, through MyRechemical, the engineering of waste conversion to Circular Gas™ that will be the feedstock for the ethanol and hydrogen production. In this framework, NextChem has awarded LanzaTech an engineering contract to deliver a process design package for a syngas fermentation unit to produce circular ethanol for sustainable mobility and chemicals based on its biocatalyst technology.

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Germany's Linde, on Tuesday forecast higher earnings for 2023 and said it plans to invest USD7 B-USD9 B over the next two-to-three years in clean energy projects to benefit from demand from companies seeking to cut emissions, said Hydrocarbonprocessing.

Chief Executive Sanjiv Lamba said on a conference call that as part of that investment, Linde plans to spend USD3 billion to convert 11 to 13 existing assets to clean hydrogen. Stock in Frankfurt-listed Linde, the world's largest industrial gases company, jumped by 4% after the CEO's investment comments and were up 2% as of the market close at 1630 GMT.

Countries are looking to curb greenhouse gases and scale up renewables across polluting sectors to meet the European Union's net-zero emissions goal by 2050, and more recently to reduce Europe's reliance on Russian-sourced oil and gas.

Linde on Monday said it would invest USD1.8 billion to supply clean hydrogen to OCI's blue ammonia plant in the U.S. state of Texas, following 2022 deals with BASF, BP and Airbus.

The company, whose stock will be delisted from the Frankfurt Stock Exchange later this month and will only trade in New York, will benefit from the clean energy transition in the United States, especially after President Joe Biden signed the USD430 billion Inflation Reduction Act (IRA) last August, seen as the biggest climate change package in the country's history.

The total investment opportunity for the German company in the United States alone could exceed USD30 billion over the next decade, CEO Lamba said in late 2022. On Tuesday, the group forecast 9-12% growth in 2023 earnings per share, excluding currency headwinds, also citing its balanced end-market portfolio, high network density and capital discipline.

It reported fourth-quarter adjusted earnings of USD3.16 per share, beating analysts' USD2.91 per share estimate in a Refinitiv poll.

We remind, a Russian court has ordered nearly USD500 mln of assets belonging to German industrial gases company Linde to be frozen at the request of a Russian joint venture building a gas complex at the Baltic Sea port of Ust-Luga, court filings showed. RusKhimAlyans, the joint venture which is 50% owned by Russia's Gazprom, asked the Court of Arbitration of St Petersburg and the Leningrad Region to freeze Linde assets worth USD488 mln as a preventative measure.

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Covestro has successfully started up a new world-scale facility for the production of chlorine in Tarragona, Spain, said the company.

It is the first world-scale production plant for chlorine based upon the highly innovative and energy efficient ODC (oxygen depolarized cathode) technology invented by Covestro and its partners. The new plant ensures an efficient, sustainable and independent supply of chlorine and caustic soda to MDI production in Tarragona. This will strengthen the European production network for MDI – a precursor for the manufacture of rigid polyurethane foam used to insulate refrigeration appliances and buildings. The 200 million euro investment has created 50 new jobs on site.

"The successful start-up of the new plant is good news, both economically and ecologically, for Covestro as well as for our site in Tarragona", said CEO Dr. Markus Steilemann. "The plant demonstrates how new technologies enable us to advance our vision of the circular economy and further reduce resource consumption while increasing the robustness and efficiency of our production network."

The new chlorine facility is the first industrial-scale plant in the world to use the innovative oxygen depolarized cathode technology (ODC). The technology has been developed by Covestro in collaboration with thyssenkrupp nucera. Compared to the currently predominant conventional chlor-alkali electrolysis, the new process requires a lower voltage, which results in energy savings of up to 25 percent. At the new plant in Tarragona, this can avoid up to 22,000 metric tons of CO2 emissions per year compared with existing processes – based on the energy mix at the start of construction planning in 2018. The new plant will thus make an important contribution to Covestro’s goal of being operationally climate-neutral by 2035.

We remind, Covestro and LANXESS are cooperating in the energy-intensive production of basic chemicals at their Lower Rhine sites in Germany and make them more climate friendly. LANXESS procures chlorine, caustic soda and hydrogen from the ISCC PLUS-certified sites of Covestro in Leverkusen and Krefeld-Uerdingen. With immediate effect, Covestro is manufacturing around one-third of the volume of products it supplies to LANXESS using energy from hydropower based on guarantees of origin.

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