bp has launched the HyVal green hydrogen cluster in Valencia, a public-private collaborative initiative that aims to develop up to 2GW of electrolysis capacity by 2030 for green hydrogen production. The initiative is led by bp and will play an instrumental role in decarbonizing the Castellón refinery’s operations, including the use of green hydrogen, biofuels, … Read more
Renewable energy companies Everfuel and Hy24 have formed a joint venture to support the development of electrolyser capacity in the Nordic region. The two companies will contribute €200m in equity to construct renewable hydrogen infrastructure in Denmark, Norway, Sweden, and Finland. The joint venture aims to develop up to 1GW of renewable hydrogen projects. The … Read more
Evonik, a global leader in silica manufacturing, has announced an investment in the expansion of its production plant for fumed aluminum oxide in Yokkaichi, Japan. The expansion, which is set to become operational in 2025, will be the company’s first alumina plant in Asia and will focus on the production of specialty solutions for lithium-ion … Read more
Shell Nanhai BV, a subsidiary of Shell PLC, along with China National Offshore Oil Corp. (CNOOC), has awarded a contract to Shell Catalyst & Technologies (SC&T) for the third expansion of ethylene production capacity at the CNOOC & Shell Petrochemicals Co. Ltd.’s (CSPC) petrochemical complex in Huizhou City, Guangdong Province, China. The project is a … Read more
Celanese Corporation (NYSE: CE), a global chemical and specialty materials company reported its financial results for the full year and fourth quarter of 2022. The company delivered a robust financial performance in 2022 despite the challenges posed by COVID-19, supply chain disruptions, and other external factors. Net Sales: Celanese Corporation generated record net sales of … Read more
Arkema, a French multinational chemical company, has announced its 2022 full-year financial results, reporting impressive growth in sales and EBITDA, despite a challenging macroeconomic environment. The company also provided its outlook for 2023, which includes the continuation of its strategic priorities and the implementation of its cutting-edge innovation focused on sustainable development and decarbonization. Sales … Read more
Air Liquide and Sasol have signed two Power Purchase Agreements (PPAs) with TotalEnergies and its partner Mulilo for the long-term supply of renewable power to Sasol’s Secunda site, where Air Liquide operates the world’s largest oxygen production site. The PPAs will provide a total capacity of 260 MW, adding to the 220 MW signed with … Read more
Kanoria Chemicals & Industries Limited (KCI) has performed Bhumi Puja for setting up a new Formaldehyde plant at the existing manufacturing facility at GIDC, Ankleshwar Gujarat on 23rd February 2023. The upcoming Formaldehyde plant will be with the latest Metal Oxide-based technology. This 300 TPD (tons per day) new capacity with superior technology will cater … Read more
INEOS Energy is entering US oil and gas production for the first time with the acquisition of a portion of Chesapeake Energy’s oil and gas assets in the Eagle Ford shale, south Texas for $1.4 billion. The deal marks INEOS Energy’s entry as operator into the US onshore oil and gas market, as it acquires … Read more
China Petroleum & Chemical Corporation held launching ceremonies for its first hydrogen demonstration project in the Inner Mongolia Autonomous Region, the Inner Mongolia Erdos Wind-Solar Green Hydrogen Project, on February 16 in Beijing, Hohhot, and Erdos. The Project will utilize the rich solar and wind energy resources in the Erdos region to produce green hydrogen … Read more
Toray Industries, Inc. has announced its plan to establish a new research facility at its Nagoya Plant in Aichi Prefecture to accelerate its R&D efforts towards green transformation and advanced mobility. The new facility will integrate diverse elemental technologies from within and outside the Toray Group to develop materials using the concept of fusing green … Read more
Fluor has won a contract from Dow to provide front-end engineering and design (FEED) and engineering, procurement, and construction management (EPCM) services for the world’s first net-zero carbon emissions ethylene cracker and derivatives complex. This will be located in Fort Saskatchewan, Alberta, Canada. Fluor will start with the initial FEED award in Q1 and expects … Read more
Evonik, a global specialty chemicals company, has made a significant investment in Chinese battery specialist SuperC. SuperC is a leading innovator in using graphene materials to improve the range, robustness, charging speed, and service life of lithium-ion batteries, which can help overcome key limitations in electric vehicles and accelerate the transition to eco-friendly mobility. According … Read more
Carbon Clean, a global leader in cost-effective carbon capture solutions, has been awarded the contract to supply carbon capture equipment for Ørsted’s FlagshipONE eMethanol project in Sweden. The project involves the production of 50,000 tonnes of eMethanol per year for the shipping industry, which is responsible for about 3% of global carbon emissions. Carbon Clean’s … Read more
Italian technology company NextChem and its subsidiary MyRechemical have signed an agreement with Dutch joint venture Dimeta to explore opportunities to produce low-carbon renewable and recycled carbon dimethyl ether (DME) from waste for use in LPG. DME is similar to propane and can be blended with LPG without requiring changes to appliances or infrastructure, offering … Read more
Sinomine Resources Group, a top Chinese provider of battery-grade lithium fluoride, has announced its plans to expand its resources by acquiring a majority stake in a lithium ore mine in Mongolia for $20 million. The deal entails Sinomine buying 51% of a universal recycling technology lithium ore project in Mongolia’s Tsagan Chuluut region from Lithium … Read more
Huntsman Corporation announced that it has secured all regulatory approvals required to complete the sale of its Textile Effects division to Archroma, a portfolio company of SK Capital Partners. Both parties expect the transaction to close on February 28, 2023. The agreed purchase price was $593 million in cash plus assumed pension liabilities, and Huntsman … Read more
Univar Solutions Brasil Ltda., a subsidiary of Univar Solutions Inc., a leading global solutions provider to users of specialty ingredients and chemicals, announced a distribution agreement with SI Group for Ibuprofen, an active pharmaceutical ingredient (API) used to produce ibuprofen drugs for the pharmaceutical market. “Our strategic relationship with SI Group provides customers in Brazil … Read more
Casa dos Ventos, a renewable energy company, and Comerc Eficiência, an energy efficiency company of the Comerc Energia Group, signed a partnership with the TransHydrogen Alliance (THA), whose objective is to create new supply chains for the energy transition of European countries. The purpose of the agreement is to enable the export of green ammonia … Read more
INEOS Olefins Belgium has announced it has raised €3.5 billion to support the construction and operation of the most environmentally sustainable cracker in Europe. This is the largest investment in the European chemical sector for a generation. The plant will have the lowest carbon footprint in Europe, three times lower than the average European steam … Read more