Yokogawa invests in and signs memorandum on business partnership with Tsubame BHB

Yokogawa invests in and signs memorandum on business partnership with Tsubame BHB

Yokogawa Electric Corporation announced that it has invested in and signed a memorandum on a business partnership with Tsubame BHB Co., Ltd. Tsubame BHB, a university-based startup that was founded by a group headed by Professor Emeritus Hideo Hosono of the Tokyo Institute of Technology, has developed an ammonia synthesis method that makes use of electride catalysts, said Hydrocarbonprocessing.

Ammonia is mainly used in the production of fertilizers, pharmaceuticals, and chemicals. As well as playing an essential role in improving crop yields for a growing world population, it is hoped that it can also serve as a hydrogen carrier and fuel. While the synthesis of ammonia from hydrogen and nitrogen is conventionally done under high temperature and high pressure conditions, Tsubame BHB's electride catalysts enable the synthesis of hydrogen and nitrogen at relatively low temperature and pressure levels and thus are able to reduce the environmental impact of the ammonia synthesis process. Tsubame BHB has already received an order to supply a small distributed ammonia production plant.

In view of an anticipated major surge in energy demand that will drive the need for ammonia fuel and hydrogen carriers, Tsubame BHB has raised capital and is working to optimize the design of processes used by medium and large-scale ammonia synthesis facilities and developing catalysts that do not require the use of rare or precious metals. Yokogawa will work with Tsubame BHB to jointly develop solutions that automate the ammonia production process, improve the efficiency of remote operations by integrating the handling of data from upstream renewable energy and hydrogen production facilities, employ demand forecasting to optimize supply chains, and streamline operations and maintenance. Both companies will also consider accelerating the overseas expansion of this business.

Koji Nakaoka, a Yokogawa senior vice president and head of the company's Energy & Sustainability Business Headquarters and Global Sales Headquarters, said, “In accordance with Yokogawa's Purpose, which states, ‘Utilizing our ability to measure and connect, we fulfill our responsibilities for the future of our planet,' we shall undertake investigations that include working with Tsubame BHB on the development of solutions that enable ammonia manufacturing and provision with a low environmental burden, for the achievement of a decarbonized society.

We remind, ORLEN and Yokogawa Europe, the regional headquarters for Japan’s Yokogawa Electric Corporation, announce they have joined forces to initiate industrial-scale production of carbon neutral synthetic aviation fuels.
In a landmark Memorandum of Understanding signed on September 21, the two companies have come together to enhance the technological process responsible for synthesizing fuel from carbon dioxide and green hydrogen. ORLEN is looking to establish itself as a frontrunner in this emerging market segment, poised to drive effective decarbonization of the aviation industry.

mrchub.com

Russia's Feb oil exports from western ports seen around 8.2 MMt

Russia's Feb oil exports from western ports seen around 8.2 MMt

Russia’s crude oil exports and transit from its western ports are seen at around 8.2 MMt this month, in line with market forecasts, industry said Hydrocarbonprocessing.

Russia's loading plans for the ports of Primorsk, Ust-Luga and Novorossiisk in February were revised up earlier this month due to additional Rosneft volumes freed up after the shutdown of its Tuapse oil refinery.

The Tuapse refinery will not resume operations in February.

Rosneft has added nine cargoes to February's provisional loading plans for Primorsk, Ust-Luga and Novorossiisk, while Gazpromneft will ship one additional cargo from Ust-Luga, the data obtained by Reuters showed.

Oil loadings from Russia's western ports in February are seen broadly unchanged from January on a daily basis, the sources added.

We remnd, Russia reduced fuel oil supplies via rail for further export by 1.2% in January from the same month a year ago and by 6.2% from December amid refinery outages, according to industry sources and Reuters calculations. Russia's energy infrastructure has been hit by drone attacks and fires in the past month, adding to uncertainty in global oil and gas markets already rocked by the conflict in the Middle East.

mrchub.com

EQUATE announces Mar MEG India contract price

EQUATE announces Mar MEG India contract price

EQUATE has nominated its March 2024 MEG India Contract Price (ICP) at $563/tonne CFR (cost & freight) India Main Ports, said the company.

The March nomination was USD11/tonne higher than February number.

We remind, EQUATE has nominated its February 2024 MEG India Contract Price (ICP) at USD552/tonne CFR (cost & freight) India Main Ports, said the company. The February nomination was USD32/tonne higher than January number.
mrchub.com

Vitol buys first naphtha cargo from Nigeria's Dangote oil refinery

Vitol buys first naphtha cargo from Nigeria's Dangote oil refinery

Trading house Vitol has bought the first naphtha cargo produced for export by Nigeria's new 650,000-bpd Dangote oil refinery, said Hydrocarbonprocessing.

Dangote issued a tender to sell the 60,000 metric ton cargo earlier this month for Feb. 23-29 loading.

Vitol declined to comment.

We remind, Trafigura and Vitol still help to export limited supplies of Russian refined products within the rules of international sanctions, but they are considering whether to resume more trade in Russia's oil, as per Reuters.
The two Swiss companies were among the largest lifters of Russian crude oil and refined products before the country's invasion of Ukraine last February. By last summer, both firms had already sharply reduced their presence in Russian oil and later sold their interests in Vostok, a major upstream development in Siberia.

mrchub.com

SK Chemicals targets US medical packaging market

SK Chemicals targets US medical packaging market

South Korea's SK Chemicals Co. is targeting the US medical packaging market with its circular recycling materials, said Kedglobal.

Circular recycling is SK Chemicals' unique chemical recycling technology that involves turning discarded plastic into raw materials through depolymerization and then manufacturing recycled plastic using these materials.

SK Chemicals announced on Thursday that it will participate in the Medical Design & Manufacturing West (MD&M) 2024, a medical equipment and manufacturing exhibition held in Anaheim, California, from Feb. 6 to 8. MD&M is one of the major exhibitions in the US medical device and manufacturing industry.

At this exhibition, SK Chemicals will showcase not only copolyester, which has been applied to packaging used in medical settings such as mask shields and medical equipment storage containers but also materials with circular recycling technology, such as SKYPET CR and ECOTRIA CR.

In particular, the company aims to respond to the increasing demand for recycled plastics in the medical device industry by strengthening collaboration with Pacur LLC, a US medical packaging company. In the future, SK Chemicals and Pacur plan to develop products based on recycled materials such as SKYPET and ECOTRIA series.

"Pacur is a leading company in the US medical packaging sector, and this collaboration will be a cornerstone for enhancing sustainability in the medical packaging market," said Kim Eung Soo, Head of Green Materials Business at SK Chemicals. "We will make more efforts to expand the supply of recycled materials in the market," he added.

We remind, South Korea's SK Chemicals Co. unveils recycled plastic LP records. The company announced on Thursday it has jointly developed the EcoRecord, an LP record made from 100% recycled plastic with Germany-based global music production company Sonopress.

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