INEOS pipeline explosion reported in Texas

INEOS pipeline explosion reported in Texas

MOSCOW (MRC) -- A fire and explosion was reported near an INEOS pipeline in Brazoria County, Texas, Thursday afternoon, said Fox26houston.

Paul Ajibogun, Senior Corporate Counsel for INEOS, said the company was in the process of shutting off valves in the affected area, located outside INEOS Chocolate Bayou at 15926 FM 2004 and Chocolate Bayou.

"Today’s fire is due to release on ethylene and propylene pipelines at a remote valve site," Ajibogun said. "There are no reported injuries. Affected segments of the pipelines have now been isolated. Company and local emergency responders are on the scene. Cause is undetermined at this time."

We remind, Ineos Olefins & Polymer Europe has signed a renewable power agreement with Skagerak Energitjenester to provide 100 % green energy to its Rafnes and Bamble plants in Norway. Combined with the recently announced Ineos Inovyn deal in Norway, all of Ineos’ assets in the region are now supplied with 100 % green power generated from hydroelectric production.

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Technip Energies invests in Evok Innovation’s Fund II to drive clean-tech advancements

Technip Energies invests in Evok Innovation’s Fund II to drive clean-tech advancements

MOSCOW (MRC) -- Technip Energies, a leading player in the energy sector, has made a significant investment in Evok Innovation’s Fund II, said Netzeroprofessional.

This cleantech fund is dedicated to supporting the development of hard-tech solutions that contribute to achieving a net-zero future. It focuses on cutting-edge sectors such as low carbon hydrogen, carbon capture and removal, electrification, and critical minerals.

This investment marks a significant milestone, as Technip Energies becomes the first strategic partner with Engineering Procurement and Construction capabilities within Evok’s distinguished investors ecosystem. Evok is renowned for its venture capital investments in early-stage technologies, particularly in sectors that are challenging to decarbonise. The fund brings together a group of experts, including technologists, business builders, and climate investors, to provide startups with the necessary resources, networks, and expertise to scale their operations and achieve maturity.

The investment sectors of Evok align closely with Technip Energies’ markets, encompassing critical areas such as carbon capture, use and storage, clean fuels, electrification, and industrial decarbonisation. This partnership not only aims to generate substantial returns for shareholders but also connects Technip Energies with a network of emerging hard-tech players. By merging its engineering expertise and global project delivery know-how with the visionary approach of Evok’s ecosystem, Technip Energies demonstrates its steadfast commitment to creating an affordable, sustainable, and reliable energy future.

Samir Karoum, Chief Strategy and Sustainability Officer of Technip Energies commented: “We are delighted to join Evok’s Fund II – a reputable venture capital fund with a proven track record of scaling cleantech companies – as a strategic investor. By bringing our engineering, technology and project competencies in fields such as hydrogen, clean fuels and carbon capture, we set the stage for a new wave of innovations that will certainly shape a sustainable future”.

Marty Reed, founding partner of Evok Innovations, said: “We’re very glad to have Technip Energies join Evok’s Fund II as a strategic limited partner. Technip Energies’ vision and commitment to a Net Zero goal by leveraging clean technologies, along with its global experience in engineering and industrial scale-up, can help accelerate the commercialisation of our startup technologies.”

We remind, Technip Energies and LanzaTech Global, Inc. signed a Joint Collaboration Agreement to create a new pathway to sustainable ethylene utilizing their combined technologies. Together LanzaTech’s carbon capture and utilization technology with Technip Energies’ Hummingbird technology transform waste carbon into ethylene, the most common building block in petrochemicals.

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PreZero and Shell cooperate on chemical recycling

PreZero and Shell cooperate on chemical recycling

MOSCOW (MRC) -- PreZero wants to use its experience in collecting, sorting and processing plastics to develop new solutions for the selection and conversion of waste into plastic recyclates, said the company.

Shell will push new technologies that allow plastic waste to be converted into its chemical components, which in turn can be used to make new plastics.

The first joint initiative from the agreed cooperation is currently being developed in the Netherlands.

In addition to these projects, PreZero and Shell will explore other opportunities for collaboration in areas such as low-carbon fuels and renewable energy generation.

We remind, Shell (London) has agreed to pay nearly USD 10 mn (EUR 9.3 mn) for breaking emissions rules at its Monaca polyethylene complex in the US state of Pennsylvania, according to the office of governor Josh Shapiro, which said the resin maker had formally acknowledged the violations.

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Poland freezes Russian Kantor's shares in Grupa Azoty

Poland freezes Russian Kantor's shares in Grupa Azoty

MOSCOW (MRC) -- Poland has appointed a temporary administrator to take control of a stake in fertilizer maker Grupa Azoty owned by Russian oligarch Vyacheslav Kantor, as per Reuters.

Minister of Development and Technology Waldemar Buda said on Tuesday. “There is no room for capital linked to Russian authorities in Poland,” Buda told a news conference.

Kantor owns a 19.82% stake in Grupa Azoty, making him the second largest shareholder after the Polish state which owns a 33% stake.

We remind, PKN Orlen on Wednesday announced a deal potentially worth an estimated zloty (Zl) 18bn (USD4.4bn) to supply fellow Polish state-owned firm Grupa Azoty companies with natural gas. Orlen and Azoty agreed on a supply contract covering the period running from 1 October this year to the end of September 2026, with an option for a one-year extension, Orlen added.

Grupa Azoty specializes in producing structural plastics, nitrogen, and compound fertilizers. The group is one of the largest chemical holdings in Europe and a major producer of polyamides.

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Johnson Matthey to build a new production plant in China for catalyst-coated membranes

Johnson Matthey to build a new production plant in China for catalyst-coated membranes

MOSCOW (MRC) -- Johnson Matthey plc (JMa global leader in sustainable technologies, has signed an investment agreement with the Jiading District in Shanghai to help accelerate the hydrogen economy in China, said Chemengonline.

At a signing ceremony in Sonning, UK today, JM and the Shanghai Jiading District announced plans to build a new catalyst coated membrane (CCM) production facility, providing CCM production capability for multiple proton exchange membrane (PEM) fuel cell applications and PEM electrolyzers.

The facility which will have an initial capacity of up to 5GW, will occupy 22,000m2 in the Jiading district of Shanghai, in a designated Hydrogen industrial zone and is due to be operational in 2025. It will have potential to expand further in line with customer demand.

The investment, which is backed by customer demand, is part of JM’s ? 1.1 billion global stated capital expernditure for the three years to 2024/25 and will include government support and incentives.

Dr Mark Su, President of Greater China at Johnson Matthey, said: “This is a landmark investment for our business as we build our footprint in the US, Europe and now China, cementing our presence in all three major hydrogen markets. We are excited to expand our businesses whilst creating and scaling the low carbon solutions that will help China achieve carbon neutrality by 2060."

The new production facility will enable Johnson Matthey to supply existing Chinese and international customers with locally produced CCMs, and in addition there is a strong pipeline of further customer interest across both fuel cell and renewable (green) hydrogen technologies.

Ms. Gao Xiang, Mayor of Jiading District, said: “Jiading District is a famous international automobile city and one of the earliest areas in China to develop a hydrogen industry. With the help of companies like Johnson Matthey, we are able to actively build a hydrogen technologies innovation hub and a national fuel cell vehicle demonstration city. This investment agreement plays to both parties’ strengths and is a win-win cooperation."

CCMs are key performance defining components in fuel cell electric vehicles (FCEV). China has said it aims to have 1 million hydrogen-powered vehicles on its road by 2030.

We remind, Johnson Matthey (JM), a global leader in sustainable technologies, has taken the next major step in its plans to commercialise technologies to enable production of zero carbon ‘green’ hydrogen, announcing new manufacturing capacity for the production of catalyst coated membranes.

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