Regions
Iberdrola and bp to collaborate to accelerate EV charging infrastructure and green hydrogen production
Iberdrola and bp today announced their intention to form a strategic collaboration aiming to help accelerate the energy transition. Together, the companies intend to collaborate to significantly expand fast EV public charging infrastructure to support the adoption of electric vehicles, as well as to develop large scale green hydrogen production hubs in Spain, Portugal and the UK.
Petrochina Launches $4.52 Billion Complex Expansion
According to Chinese state media, PetroChina has begun a program to expand an existing refinery in south China into an integrated petrochemicals complex. The costs for this expansion was reported to be $44.52 billion USD.
INEOS and SINOPEC Sign Three Significant Petrochemical Deals with an Aggregate Value of $7 Billion
INEOS and SINOPEC have today signed three back-to-back deals worth a combined value of $7bn. These landmark agreements are expected to generate a combined turnover of around $10bn from 7 million tonnes of capacity. The three agreements will significantly reshape INEOS’ petrochemicals production and technology in China.
NextDecade Announces 1.0 MTPA LNG Sale and Purchase Agreement with ExxonMobil
NextDecade Corporation announced today the execution of a 20-year sale and purchase agreement (“SPA”) with ExxonMobil LNG Asia Pacific, an ExxonMobil affiliate, for the supply of liquefied natural gas from NextDecade’s Rio Grande LNG export project in Brownsville, Texas.
Funding decision for hydrogen pilot project in Krummhoern natural gas storage facility received
Uniper Energy Storage will test the construction and operation of a new salt cavern specifically built for hydrogen storage on a large scale and in a real-world environment at the natural gas storage facility in Krummhoern, Northern Germany, which has not been used commercially since 2017. For this purpose, a new pilot cavern will be sol-technically constructed using an existing well. During the trial operation, equipment and materials will be examined for hydrogen compatibility, and experience will be gained in the storage of exclusively green hydrogen in a salt cavern and its delivery and further use.
Cheniere and PTT Sign Long-Term LNG Sale and Purchase Agreement
Cheniere Energy, Inc. announced today that its wholly-owned subsidiary, Corpus Christi Liquefaction, LLC has entered into a long-term liquefied natural gas sale and purchase agreement (“SPA”) with PTT Global LNG Company Limited, a wholly-owned subsidiary of PTT Public Company Limited, Thailand’s largest state-owned, multinational energy company.
Unigel installs the first industrial-scale green hydrogen production site in Brazil using thyssenkrupp nucera technology
Unigel installs the first industrial scale green hydrogen plant in Brazil. The company, which is one of the largest chemical companies in Latin America and the largest manufacturer of nitrogen fertilizers in Brazil, invests a total of US$ 120 million in the development of the production site for green hydrogen. Unigel relies on the world-leading technology of thyssenkrupp nucera.
Large-volume electrolysis plant is to be built in Burgenland
The largest electrolyser in Austria to date will be built in Burgenland. When fully expanded, 40,000 tons of green hydrogen will be produced from 300 MW of wind and solar energy . This makes the project – initiated by Burgenland Energie together with VERBUND and partners – one of the largest hydrogen projects, even in a European comparison. In a joint press conference, Climate Protection Minister Leonore Gewessler, Governor Hans Peter Doskozil, VERBUND CEO Michael Strugl and Burgendland Energie CEO Stephan Sharma presented the joint plans. Green hydrogen is an important step towards energy independence and climate neutrality, as is unanimously emphasized.
Borealis announces the start-up of New Ethane Cracker at its Joint Venture Baystar in Port Arthur, Texas
Bayport Polymers LLC (“Baystar”), a 50/50 joint venture (JV) between Borealis and TotalEnergies, today announces the start-up of commercial operations of a new ethane cracker with an annual production capacity of one million tons of ethylene.
Enagás and OMERS Infrastructure Close the Joint Sale of their Stakes in Chilean Company GNL Quintero
Enagás Internacional, through its subsidiary Enagás Chile, and OMERS Infrastructure, have closed the joint sale of their respective stakes in Chilean LNG regasification terminal, GNL Quintero, as Enagás announced in its 2022-2030 Strategic Plan presentation on July 12.
Technip Energies Awarded a Significant Contract by Neste for Renewable Products Refinery Expansion in Rotterdam
Technip Energies (PARIS:TE) has been awarded a significant(1) contract by Neste for the expansion of their renewable products production capacity in Rotterdam, the Netherlands, as part of the existing Partnership Agreement between Technip Energies and Neste.
BASF confirms final phase of MDI expansion at Geismar Verbund site
BASF is moving forward with the final phase of the expansion project for the methylene diphenyl diisocyanate (MDI) plant at its Verbund site in Geismar, Louisiana. With this third step of its multiphase capacity expansion, BASF will increase production capacity to 600,000 metric tons per year by the middle of the decade and support the ongoing growth of its North American MDI customers. The company kicked off the expansion project in 2018 with a staggered approach consisting of three investment phases. The investment in the final expansion phase from 2022 to 2025 amounts to $780 million.
Cheniere and PetroChina Sign Long-Term LNG Sale and Purchase Agreement
Cheniere Energy, Inc. announced today that its wholly-owned subsidiary, Cheniere Marketing, LLC, has entered into a long-term liquefied natural gas sale and purchase agreement (“SPA”) with a subsidiary of PetroChina Company Limited.
BASF Gives Final Approval for the Construction of the Zhanjiang Verbund Site
BASF SE today gave final approval for the construction of the planned Verbund site in Zhanjiang in the southern Chinese province of Guangdong. The project is on schedule. The focus will now be on building the core of the Verbund, which includes a steam cracker and several downstream plants for the production of petrochemicals and intermediates, among others. BASF will invest up to €10 billion by 2030 to build the new Verbund site.
TotalEnergies Announces New Milestone towards Papua LNG Development
TotalEnergies, as operator, has announced the decision of the Papua LNG joint venture to launch the first phase of front-end engineering and design (FEED) studies for the Papua LNG project's upstream production facilities.
NRL Selects Lummus’ Novolen Technology
Lummus Technology, a global provider of process technologies and value-driven energy solutions, announced a recent contract award from Numaligarh Refinery Ltd. (NRL). The award is for a new 360 KTA polypropylene (PP) unit using Novolen® technology at NRL’s refinery in Golaghat, Assam, India. Lummus’ scope includes the technology license, basic design engineering, training, technical services and catalyst supply.
Bechtel Starts Construction on Taiwan’s Largest LNG Storage Tanks
Today, Bechtel, CPC Corporation, and MRY broke ground on the project to design and build LNG tanks for the CPC Taichung Phase III LNG import terminal in Taichung, Taiwan.
European Commission approves up to EUR 5.4 billion of public support by fifteen Member States for the hydrogen technology value chain
The Commission has approved, under EU State aid rules, an Important Project of Common European Interest (‘IPCEI') to support research and innovation and first industrial deployment in the hydrogen technology value chain. The project, called “IPCEI Hy2Tech” was jointly prepared and notified by fifteen Member States: Austria, Belgium, Czechia, Denmark, Estonia, Finland, France, Germany, Greece, Italy, Netherlands, Poland, Portugal, Slovakia and Spain.
Sempra Announces Partnership Framework with ConocoPhillips
Sempra announced that its subsidiary, Sempra Infrastructure, and ConocoPhillips have entered into a heads of agreement (HOA) to develop Sempra Infrastructure's Port Arthur LNG project and jointly participate in other related energy infrastructure in Southeast Texas and the Pacific Coast of Mexico.
Buckeye Partners completes Bear Head Clean Energy acquisition
Buckeye Partners, L.P. (Buckeye) today announced that it closed on the previously announced acquisition of Bear Head Energy, Inc. (Bear Head), which is developing a large-scale green hydrogen and ammonia production, storage and export project in Point Tupper, Nova Scotia with hydrogen electrolyzer capacity of over two gigawatts.
Samsung Engineering wins USD 680 mil EPCC contract from Shell for a gas plant in Malaysia
Samsung Engineering, one of the world’s leading Engineering, Procurement, Construction and Project Management (EPC&PM) companies announced today, that it has received yesterday an Engineering, Procurement, Construction and Commissioning (EPCC) USD 680 mil contract from Sarawak Shell Berhad (SSB), for its OGP (Onshore Gas Plant for Rosmari Marjoram) project in Bintulu, Sarawak, Malaysia. The project will be executed in two phases; a limited scope prior to SSB obtaining its FID for the Rosmari Marjoram project; with all of the remaining scope to be executed after SSB obtains FID.
HyCC launches 500-megawatt hydrogen project in the port of Amsterdam
Hydrogen company HyCC has launched Project H2era to construct a 500-megawatt green hydrogen plant in the Amsterdam port area. The project, launched in cooperation with the Port of Amsterdam, is a major step forward in the development of the regional hydrogen economy to help decarbonize industry and mobility.
Air Products and VPI Sign Joint Development Agreement for Large-scale, Low-carbon Hydrogen Production in Humber
Air Products, the world’s largest hydrogen producer, and power generator VPI, are pleased to announce the signing of a joint development agreement to drive forward the “Humber Hydrogen Hub” or “H3”, which seeks to develop a flagship 800MW low-carbon hydrogen production facility in Immingham, UK. The majority of hydrogen produced would be used to decarbonise VPI Immingham’s existing power production.
Delfin Midstream Signs LNG Sale and Purchase Agreement With Vitol Inc
Delfin Midstream Inc has finalized a binding liquified natural gas sale and purchase agreement with Vitol Inc., the Americas-based affiliate of Vitol, which is the world’s largest independent trader of energy. In addition to the SPA, Vitol has finalized a strategic investment in the company.
Shell and Mexico Pacific Sign Long-Term LNG Sales and Purchase Agreement
Shell Eastern Trading (Pte) Ltd and a subsidiary of Mexico Pacific Limited announced today they have signed a sales and purchase agreement for Shell to offtake 2.6 million tonnes per year (MTPA) of liquefied natural gas (LNG) from the first two trains of Mexico Pacific’s anchor LNG export facility located in Puerto Libertad, Sonora, Mexico.
bp and thyssenkrupp Steel work together to advance the decarbonisation of steel production
bp and thyssenkrupp Steel today announced they have signed a memorandum of understanding (MoU) focused on the development of long-term supply of low carbon hydrogen and renewable power in steel production, helping accelerate the steel industry’s wider energy transition.
HIF Global begins approval process for its first carbon neutral eFuels manufacturing facility in Australia
HIF Global, the world’s leading eFuels company, announced today that it has begun the development of Australia’s first large-scale, carbon-neutral eFuels production facility in Tasmania. HIF Asia Pacific, a wholly owned subsidiary of HIF Global, filed a Notice of Intent (NoI) with the Tasmanian Environment Protection Authority (EPA) seeking approval for the facility, which will be located in north-west Tasmania.
NTPC REL and GACL to collaborate in Renewable Energy and synthesizing Green Chemicals
n order to realize green energy and green hydrogen objectives and the GOI’s efforts towards carbon-neutrality economy, a Memorandum of Understanding (MoU) signed between NTPC RE Limited (NTPC REL) and Gujarat Alkalies and Chemicals Limited (GACL) on 6th July’2022 at New Delhi. The MoU was signed by Shri Harshad R Patel, IAS, Managing Director, GACL and Shri Mohit Bhargava, Chief Executive Officer, NTPC REL.
NextDecade Announces 1.0 MTPA LNG Sale and Purchase Agreement With Guangdong Energy Group
NextDecade Corporation announced today the execution of a 20-year sale and purchase agreement with Guangdong Energy Group for the supply of liquefied natural gas from NextDecade’s Rio Grande LNG export project in Brownsville, Texas. The SPA was completed pursuant to the Binding Heads of Agreement previously announced on March 24, 2022.
Fortescue Future Industries partners with Government of the Republic of Djibouti on green hydrogen
Fortescue Future Industries (FFI) is partnering with the Government of the Republic of Djibouti to conduct studies with a view to developing green hydrogen production.
