Nextchem awarded licensing and engineering design package for Norsk e-fuel’s first industrial scale e-fuel plants located in Norway

MAIRE announces that NEXTCHEM (Sustainable Technology Solutions), through its subsidiary NextChem Tech, has signed a contract with Paul Wurth S.A., a subsidiary of SMS group (‘Paul Wurth'), and Norsk e-Fuel AS for a licensing and engineering design package relating to NX CPO to be applied in the first industrial scale plant able to produce SAF from green hydrogen and biogenic CO2 in Mosjoen, Norway, said Hydrocarbonprocessing.

This will be the first factory being developed by Norsk e-Fuel AS a Norwegian project developer backed by a strong shareholder group including among others Paul Wurth. NextChem Tech will apply its proprietary NX CPO1 technology, an advanced innovative process to produce synthesis gas via a controlled partial oxidation, through a very fast reaction. When applied to synthetic fuel production, this versatile technology is contributing to improve carbon efficiency recovery yield.

The first plant developed by Norsk e-Fuel will have a production capacity of 40 000 tpa of e-Fuels to enter operation after 2026. Based on the initial design, two additional facilities with a capacity of approx. 80 000 tpa each are planned to be built by 2030. The aim is to effectively reduce current flight emissions by leveraging the use of cutting-edge technologies to produce e-Fuels. Alessandro Bernini, CEO of MAIRE, commented: “We are proud of being part of this breakthrough technological initiative with SMS group and Norsk e-Fuel aimed at industrializing e-Fuels production in Norway for aviation.”

“Our collaboration with NextChem Tech is another step towards improving carbon efficiency of our production processes while simultaneously reducing costs. We are grateful for this impactful partnership and look forward to the seamless integration of all technology components", says Karl Hauptmeier, CEO Norsk e-Fuel.

“Having NextChem Tech on board completes the overall picture of technology providers involved in the Project. This collaboration enables Nork e-Fuel to improve process efficiency and competitiveness in the e-Fuels market. With now all partners on board and having the FEED study started, we are confident to bring this project to an historical success” says Paul Tockert, Executive Vice President Metallurgy SMS group.

We remind, MAIRE announces that NEXTCHEM, through its biodegradable plastics technology licensor CONSER, has been awarded technology licensing and catalyst supply by a prominent client, as part of a larger project located in Northwestern China, said the company. The scope of work entails licensing, process design package for CONSER proprietary Duetto technology and technical assistance during project execution, up to commissioning and start-up. As part of the agreement, CONSER will also supply the hydrogenation catalyst.

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Linde announced that it has started supplying clean hydrogen and captured carbon dioxide to Celanese for its production of methanol, said Hydrocarbonprocessing.

Linde is supplying Celanese with carbon dioxide captured from its state-of-the-art carbon monoxide and hydrogen production facility at Clear Lake, Texas. Celanese will use the captured carbon dioxide and resulting clean hydrogen, along with other carbon dioxide sources, as feedstock to produce methanol with a lower carbon intensity at its Fairway Methanol LLC joint venture with Mitsui & Co., Ltd.

Linde already supplies carbon monoxide, oxygen and nitrogen to Celanese from its Clear Lake facility and US Gulf Coast pipeline system. The additional supply is an expansion of the existing long-term agreement.

"Celanese is meeting the challenge to produce products with a lower carbon footprint by using carbon dioxide that would otherwise be emitted,” said Mark Murray, Senior Vice President of Acetyls at Celanese. "We are pleased to work with Linde in our journey to reduce the carbon intensity of methanol, a raw material widely used in many everyday products.”

“Linde is actively supporting its customers’ decarbonization goals," said Amer Akhras, Vice President South Region at Linde. "We are proud to expand our existing relationship with Celanese by investing in our Clear Lake facility to enable the production of essential chemicals with a lower carbon intensity.”

As a leading industrial gases and engineering company, Linde is playing a key role in the clean energy transition. The company is actively helping its customers to decarbonize their operations with the latest carbon capture and hydrogen technologies through its world-class engineering organization, key alliances and ventures, and leveraging its extensive experience and infrastructure. Linde is developing clean energy projects across a range of applications and industries and growing its established business along the entire value chain.

We remind, Linde announced it has signed a record number of new small on-site projects during 2023, its fourth consecutive year of growth, said the company. Linde signed 53 new small on-site projects with capex totaling $270 million for the supply of nitrogen and oxygen during 2023. Small on-site projects use Linde’s proprietary ECOVAR technology, which is designed to be highly efficient, flexible and reliable while helping customers minimize their environmental impact.

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The board of directors of Westlake Chemical Partners GP LLC, the general partner of Westlake Chemical Partners LP (the "Partnership"), has declared a distribution of USD0.4714/unit , said the company.

This is the 38th quarterly distribution announced by the Partnership since its initial public offering. The distribution will be payable on 20 Feb 2024, to unit holders of record on 2 Feb 2024.

We remind, Westlake Chemical Partners LP reported net income attributable to the Partnership in the third quarter of 2023 of USD13.2 million, or USD0.37 per limited partner unit, compared to third quarter 2022 net income of USD14.8 million. The reduction in Partnership net income in the third quarter of 2023 compared to the third quarter of 2022 was the result of higher interest expense attributable to higher interest rates on floating rate debt.

Westlake Chemical Partners is a limited partnership formed by Westlake Corporation to operate, acquire and develop ethylene production facilities and other qualified assets. Headquartered in Houston, the Partnership owns a 22.8% interest in Westlake Chemical OpCo LP. Westlake Chemical OpCo LP’s assets include three facilities in Calvert City, Kentucky, and Lake Charles, Louisiana which process ethane and propane into ethylene, and an ethylene pipeline.

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A fuel tanker is discharging Russian diesel at the port of Venezuela, after U.S. sanctions were eased last year, data from traders and LSEG showed on Monday, said Hydrocarbonprocessing.

Sea Maverick with about 33,000 metric tons of ultra-low sulfur diesel loaded at the end of December 2023 at the Russian Baltic port of Primorsk is discharging at the El Palito port in Venezuela, according to LSEG data.

The U.S. broadly eased sanctions on Venezuela's oil sector in response to a deal reached between the government and opposition parties for the 2024 election.

A new general license issued by the U.S. Treasury Department authorized OPEC member Venezuela, which had been under crushing sanctions since 2019, to produce and export oil to its chosen markets for the next six months without limitation and also to source oil imports from any country.

Since the full EU embargo on Russian oil products took effect on Feb. 5, traders have diverted diesel exports from Russian ports to countries in Latin America, Africa, Asia and the Middle East. Previously Europe was the main buyer.

Russian ULSD shipments to Brazil hit a record high in November, data from traders and LSEG showed.

In December last year, Russia has also sent a diesel cargo loaded in Primorsk to Panama, according to shipping data.

We remind, Russia will likely cut exports of naphtha by some 127,500 - 136,000 bpd, or around a third of its total exports, after fires disrupted operations at refineries on the Baltic and Black Seas, according to traders and LSEG ship-tracking data. Asia's naphtha markets surged about 19% this week against the backdrop of supply disruption fears from Russia. There are jitters in the market because Russia is a key exporter of naphtha to Asia, and this kind of short-term disruption could cause prompt tightness, a naphtha trader said.

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Formosa Plastics USA, a subsidiary of a prominent global petrochemical producer, has temporarily ceased olefin production at its cracker facility in Point Comfort, Texas, USA, attributing the shutdown to a technical breakdown, said Chemanalyst.

The olefin shutdown impacts a substantial capacity, encompassing 930,000 tonnes of ethylene and 335,000 tonnes of propylene annually, with the interruption taking effect on January 22.

Earlier reports had indicated Formosa Plastics USA's intention to recommence olefin production on April 30 at the Point Comfort cracking plant, which had previously been closed for commercial reasons. The initial closure, motivated by economic considerations, took place on August 2, affecting olefins with a capacity of 730,000 tonnes of ethylene and 275,000 tonnes of propylene annually.

It's noteworthy that Formosa Plastics Corporation (FCP), the parent company, is a significant global chemical manufacturer headquartered in Taiwan. FCP's primary product portfolio includes polyvinyl chloride (PVC), polyethylene, polypropylene (PP), and various other petrochemical products.

The decision to temporarily halt olefin production at the Point Comfort facility in Texas is rooted in a technical breakdown. Such interruptions are not uncommon in the petrochemical industry, where stringent operational standards necessitate immediate responses to technical issues to ensure safety and maintain the integrity of production processes.

The significant capacity impact of the shutdown underscores the magnitude of Formosa Plastics USA's operations at Point Comfort. With a combined annual production capacity of nearly 1.3 million tonnes of ethylene and propylene, the facility plays a pivotal role in the company's global petrochemical footprint.

As part of Formosa Plastics USA's strategic response to market dynamics, the decision to temporarily close the cracker for commercial reasons aligns with the company's commitment to operational efficiency and economic viability. The phased approach to the shutdown and subsequent restart reflects a calculated approach to navigate economic fluctuations and optimize production schedules.

Looking ahead, the scheduled resumption of olefin production at the end of April indicates Formosa Plastics USA's anticipation of resolving the technical issues and ensuring a seamless restart. The company's proactive communication about the restart date is a testament to its commitment to transparency and effective stakeholder management.

The broader context of Formosa Plastics Corporation as a major global chemical player highlights the interconnectedness of the petrochemical industry on a global scale. With headquarters in Taiwan, FCP's diversified product range contributes to various sectors, reinforcing its role as a key player in the global supply chain for petrochemical products.

Formosa Plastics USA's temporary shutdown of olefin production at the Point Comfort cracker in Texas, while a response to a technical breakdown, reflects the dynamic nature of the petrochemical industry. The strategic decision-making, encompassing both economic and technical considerations, showcases the company's adaptability and commitment to maintaining operational integrity. As the company works towards a scheduled restart, the incident underscores the importance of continuous monitoring, proactive maintenance, and transparent communication in the global petrochemical landscape.

We remind, on January 14, Ineos took measures to curtail its olefin production capacity at the Chocolate Bayou facility in Texas, USA, in response to the prevailing cold weather conditions in the region. The production capacity of olefins at this site, comprising 1.97 million tons of ethylene and 475 thousand tons of propylene annually, faced adjustments to navigate the challenges posed by the adverse weather.

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