Axpo and local partner Rhiienergie have inaugurated Switzerland’s largest green hydrogen production plant in the Graubünden canton, located adjacent to the Reichenau hydropower plant in Domat/Ems. The facility, capable of producing up to 350 tonnes of green hydrogen annually, marks a significant step towards integrating hydrogen into the country’s energy mix to ensure future security of supply.
Constructed over approximately a year, the 2.5-megawatt plant harnesses water electrolysis, powered by green electricity from the adjacent hydroelectric power plant, to produce hydrogen without generating any CO2 emissions. The produced hydrogen, compressed onsite, can replace the use of up to 1.5 million litres of diesel annually and will be conveniently delivered to refuelling stations and industrial customers in the future.
Axpo CEO Christoph Brand highlighted the potential of green hydrogen as a sustainable energy carrier, stating, “There are still a few hurdles to overcome, but we’re convinced of this green, sustainable and renewable energy carrier’s potential.”
The inauguration ceremony was attended by political and business representatives, including Graubünden Cantonal Councillor and Energy Minister Dr. Carmelia Maissen and National Councillor Martin Candinas. This pioneering facility, directly linked to the Reichenau hydropower plant, exemplifies the region’s commitment to climate-neutral hydrogen production.
Rhiienergie CEO Christian Capaul expressed confidence in the pivotal role of green hydrogen in future energy supply, describing the plant as an impressive flagship project. Cantonal Councillor Dr. Carmelia Maissen emphasised the plant’s alignment with the region’s climate and energy goals, highlighting its significance in leveraging the potential of green hydrogen in the Alpine region.
Green hydrogen is recognised as a crucial component of decarbonisation efforts, particularly in the industrial and mobility sectors. Axpo aims to actively promote the hydrogen economy in Switzerland and Europe, with this plant serving as a tangible demonstration of their commitment to sustainable energy solutions.
Norwegian energy group Equinor is planning to expand its liquefied natural gas trading business and is currently engaged in discussions with several potential buyers in Europe and Southeast Asia, as revealed by a senior official speaking to Reuters.
The oil and gas producer reported higher than expected first-quarter profits, attributing the positive results to high production levels in its native Norway, strong operational performance, and robust outcomes from LNG trading.
LNG is increasingly recognised as a crucial component of the transition towards achieving net-zero emissions by 2050 and is anticipated to remain in demand for decades, particularly in Asia, the primary energy-importing and consuming region expected to drive global demand until mid-century.
“Asia is very relevant for us as some of these growing economies are going to be big energy consumers in the future and they will have their form of transition,” remarked Helge Haugane, Equinor’s senior vice president of gas and power, during the Flame Gas and LNG conference in Amsterdam.
The surge in imports of LNG has significantly replaced a considerable portion of Russian pipeline gas supplies to Europe, with the region surpassing China in 2023 to become the world’s largest importer of LNG.
“Up to 2050 and beyond, Europe will still need gas,” Haugane emphasised.
In 2022, Equinor surpassed Russia’s Gazprom to become Europe’s largest natural gas supplier, a shift precipitated by the upheaval in energy ties following the invasion of Ukraine.
Haugane disclosed that Equinor traded 6 million metric tonnes of LNG in 2023, underscoring the company’s focus on value over volume. While not specifying a particular volume target, Equinor believes in the growth potential of the LNG market and remains open to seizing opportunities within it.
Haugane anticipates increased price volatility in the future, a trend that he believes will create favourable trading prospects for Equinor.
Hyliion Holdings Corp. and BayoTech, an innovator in hydrogen production, transportation, and storage solutions, have announced the signing of a partnership agreement aimed at leveraging the expertise of both companies to offer comprehensive power solutions to their existing and future customers. The partnership will allow the companies to introduce their innovative solutions to each other’s customer bases.
Recognizing the complementary nature of their products and customer needs, the companies have entered into the Agreement to support the advancement of sustainable power generation using hydrogen. Hyliion’s innovative KARNO generator, which can operate on multiple fuel types including hydrogen, is designed for a variety of applications such as prime power, renewables matching, and energy arbitrage. BayoTech’s BayoGaaS® hydrogen production hubs and their highly efficient, high-pressure transport trailers and storage units aim to ensure a reliable hydrogen supply chain for customers. This partnership will enhance the product offerings of both companies, supporting the shift towards more sustainable power solutions across industries.“By pairing BayoTech’s hydrogen solutions with Hyliion’s KARNO generator technology, we will empower customers with a cleaner, more efficient alternative to traditional diesel gensets,” said Mauricio “Mo” Vargas, president and CEO of BayoTech. “Our commitment to revolutionising the hydrogen supply chain through local production hubs aligns perfectly with Hyliion’s mission to deliver net-zero carbon electricity. Together, we’re not just challenging the status quo – we’re reshaping it for a more sustainable future.”
“Hydrogen holds great potential as a zero-carbon energy source, yet its widespread adoption faces infrastructural challenges. Companies like BayoTech solve this problem, allowing customers to use hydrogen in their operations today. Our collaboration will provide a comprehensive solution in the future tailored to customers’ needs, accelerating a faster adoption of new power generation technologies,” said Thomas Healy, founder and CEO of Hyliion.
Hyliion’s KARNO generator is currently undergoing advanced stages of development and is slated for field deployment with early adopter customers in the latter half of 2024
Avenir LNG Limited has announced that it has entered into a shipbuilding contract with Nantong CIMC Sinopacific Offshore & Engineering Co. Ltd in China, a subsidiary of CIMC Enric, for two 20,000cbm LNG bunker & supply vessels. These vessels are scheduled to be delivered in Q4 2026 and Q1 2027. The newbuildings will feature new Type C tank designs, lower boil-off rates, the latest engine technologies, hull form optimisation, and subcoolers, offering carbon emission reductions and minimising cargo losses compared to other vessels of this size. The vessel design enables maximum compatibility and versatility for loading and discharging LNG and BioLNG to a wide range of receiving vessels and terminals, reflecting the growing needs of the Company’s customers.
This significant new investment programme marks the second phase of growth for the company, increasing the fleet by 40 percent and 80 percent in terms of total capacity. This order will further enhance Avenir’s position as a leading provider of LNG Bunker Vessels.
Jonathan Quinn, managing director, commented: “We are pleased to be returning to SOE for our newbuilding programme and continuing our relationship with the shipyard where we successfully built our last four vessels. We look forward to welcoming these two new state-of-the-art vessels to our fleet in 2026 and 2027. With the demand for LNG and BioLNG as a bunker fuel set to grow over the next decade, these vessels will play a vital role in ensuring security of supply and decarbonising global shipping markets.”
Peter Vucins, the Group CEO of Global Energy Storage, recently shared insights on the costly yet crucial realities that need to be acknowledged for a successful large-scale transition to sustainable energy. To meet Net Zero targets, the challenges and obstacles on this journey must be recognised and addressed.
Vucins emphasised the significance of energy transition and the commitment of Global Energy Storage to develop the necessary infrastructure for customers to adopt sustainable and low-carbon energy practices. However, he also highlighted the need to confront the challenges associated with this transition.
Perhaps the major and best-known challenge is the high level of carbon dioxide emissions from the use of fossil fuels. The average EU citizen is responsible for approximately 7.8 metric tonnes of CO2 emissions annually, while the global average stands at around 4.7 metric tonnes per person, resulting in a staggering 37 billion metric tonnes of emissions per year worldwide. Considering the overall impact of greenhouse gases, the global CO2-equivalent emissions reach a staggering 55 billion metric tonnes annually. To tackle these emissions, substantial investments are required, necessitating global and national initiatives and a long-term commitment.
He also acknowledged the criticism faced by oil majors and other entities for their environmental implications. However, he emphasised the need for a legal framework and economic incentives to drive progress across all fronts and ensure the feasibility of achieving net zero by 2050.
Highlighting the findings from DNV’s Energy Transition Outlook 2023 report, he noted that the energy transition has stalled, with renewables only meeting the growing energy demand instead of completely replacing fossil fuels. This underscores the need for continued innovation and potential breakthroughs in contentious technologies like nuclear power to shape the trajectory of the energy transition.
While there is abundant private capital available for investment in sustainable energy solutions, Vucins stressed the importance of balancing risks and rewards. He estimated that as much as USD 100 trillion might be needed over the next few decades, and higher energy costs may be unavoidable, especially during the initial phases of the transition. Implementing measures like a carbon tax on consumption can create a level playing field between sustainable energies and polluting fossil fuels, enabling the necessary capital infusion into new energy investments and infrastructure. Vucins emphasised the collective contribution and effort required for a successful energy transition.
GES aims to develop the next generation of energy storage assets and facilitate the use of low-carbon fuels such as blue and green ammonia and hydrogen carriers. However, the markets for these energies are still developing, and technological solutions and price support mechanisms will be critical for final investment decisions. Vucins also highlighted the role of other fuels like LNG and LPG in reducing global emissions, emphasising the importance of energy affordability and improvements in human health, and living conditions, particularly for developing economies.
To accelerate investments in sustainable fuels and products, the CEO emphasised the need for increased support from government policies and a comprehensive understanding of the energy transition. He also stressed the importance of taking a holistic view when comparing the true costs of implementing sustainable versus conventional energies, considering factors like grid expansion, and addressing intermittency issues, in order to present an accurate picture. Naturally, the cost of pollution needs to be included in this comparison as well.
The company leader acknowledged the positive steps taken by initiatives like the US Inflation Reduction Act and the Carbon Border Adjustment Mechanism of the EU. However, he highlighted the need to consider social and economic equity, as well as the impact on the middle-earning classes who contribute tax revenue and consumption. Their long-term support is crucial for implementing legislation that sustains progress and investment in sustainable energy.
He concluded by emphasising that good intentions alone are not enough. It requires individuals and collective efforts to embrace the financial demands of the energy transition and agree on a realistic funding plan which is bound to include end consumers as well as industry. GES hopes for a resounding ‘yes’ from all stakeholders to drive the energy transition forward without delay or public pushback.
In summary, achieving a large-scale transition to sustainable energy requires acknowledging the costly realities and challenges ahead. With a collective commitment and collaborative efforts, the energy transition can be successfully navigated, leading to a more sustainable future.
In a strategic move to address the burgeoning demand for hazardous waste treatment capacity, Tradebe Environmental Services and Veolia North America have announced a groundbreaking commercial agreement. This agreement secures Tradebe’s guaranteed access to high-temperature treatment at Veolia’s upcoming state-of-the-art facility in Gum Springs, Arkansas, slated to commence operations in 2025.
Veolia’s cutting-edge facility at Gum Springs is poised to set a new benchmark in the industry for the safe, efficient, and reliable treatment of waste materials. The agreement with Tradebe, forged a year in advance of the facility’s opening, reflects both companies’ commitment to staying at the forefront of meeting market demands.
This innovative partnership underscores Tradebe and Veolia’s shared strategy to provide advanced solutions supporting sustainable growth for industrial players in the hazardous waste market of the United States. As a prominent figure in the hazardous waste treatment sector in the US, Veolia aims to further expand its presence to meet the escalating demand.
Fred Van Heems, president and CEO of Veolia North America, expressed satisfaction with the partnership, highlighting its collaborative approach to addressing environmental waste challenges. He emphasised the necessity of forward-thinking strategies to cater to the increasing thermal treatment demand across the nation.
Oriol Mateu, CEO of Tradebe Environmental Services US, echoed Van Heems’ sentiments, emphasising the partnership’s significance in advancing innovation and enhancing customer satisfaction. Mateu highlighted the synergy between the companies’ expertise, technology, and resources, which will provide customers with seamless end-to-end services, addressing existing market inefficiencies and gaps.
Aligned with their shared commitment to sustainability, Veolia’s forthcoming facility will employ environmentally friendly technology for self-powering operations. The high-temperature thermal treatment will utilise energy generated from a solar farm, offering a more sustainable option for the market and the environment.
The agreement, commencing in 2024, is poised to facilitate a seamless transition for both companies, ensuring uninterrupted operations when the Gum Springs facility comes online in 2025.
During the 2024 STI/SPFA Annual Meeting held in Scottsdale, Arizona, the winners of the 2023 STI/SPFA Safety Awards were unveiled, recognising outstanding achievements in safety within the industry.
The prestigious Safety Diamond Club Award was bestowed upon companies that demonstrated an exceptional commitment to safety by maintaining a zero Total Recordable Incident Rate for five consecutive calendar years or by achieving a specified amount of work hours ending on December 31, 2023. Among the esteemed recipients of this accolade were Acterra Group, LLC in Marion, Iowa; Custom Piping Systems, LLC in San Antonio; Genesis Environmental Solutions, Inc. in Blue Springs, Missouri; Mass Tank in Middleboro, Massachusetts; and Tank Industry Consultants, Inc. in Indianapolis.
Similarly, the Safety Award of Excellence honoured companies that achieved a commendable zero OSHA Total Recordable Incident Rate throughout the entire 2023 calendar year. Notable awardees included Acterra Group, LLC in Marion, Iowa; Blastech Mobile LLC in Axis, Alabama; Caldwell Tanks in Louisville, Kentucky; Custom Piping Systems, LLC in San Antonio; Fisher Tank Company in Chester, Pennsylvania; Grupo Tarsco de Mexico in Mexico; and many others who exemplified an unwavering commitment to safety.
Additionally, the Safety Award of Achievement recognised companies that achieved a minimum 10 percent reduction in the OSHA Total Recordable Incident Rate, with no fatalities, during the 2023 calendar year compared to the average rate of the preceding three years. Among the distinguished recipients of this award were Brighton Tru-Edge Heads, LLC in Cincinnati; EK Machine, Inc. in Fall River, Wisconsin; Hamilton Tanks LLC in Columbus, Ohio; and Taylor Forge Engineered Systems – Paola in Paola, Kansas, among others.
The STI/SPFA Safety Awards underscore the highest standards of safety performance within companies engaged in shop fabrication, inspection, maintenance, and field construction activities.
RegO, part of OPW, have announced the launch of its RegO Presto-Link™ device and RegO app integration. The innovative Presto-Link redefines the landscape of liquefied petroleum gas (LPG) container and regulator testing. With a focus on speed, accuracy and efficiency, the RegO Presto-Link Mobile App boasts updated features that have been designed to streamline leak-testing processes for propane systems. The app can also enhance safety for on-site service personnel through its ability to perform accurate digital testing and document results.
The RegO App is seamlessly integrated with the Presto-Link Bluetooth device, which communicates with RegO Presto-Tap products placed on propane-system components requiring testing. This connection enables swift and precise leak detection and pressure readings, eliminating the need for manual recording of results and helping to mitigate the risks associated with human error.
“Our aim with the improved RegO App is to provide a solution that not only enhances safety and accuracy, but also simplifies the testing process for our valued customers,” said Cody Reeves, Propane Energy Solutions Product Manager at RegO. “By leveraging cutting-edge technology, we’re empowering service personnel to perform their duties with greater confidence and efficiency.”
The app’s intuitive interface makes it easy for users to navigate and utilise key features. Moreover, the addition of paperless propane safety documentation checks further enhances convenience and can help reduce environmental impact.
The RegO App also offers integration with the Cargas back-office software through the customer portal, facilitating accurate data transfer and providing customers with peace of mind regarding their information integrity. For customers with existing management software, the RegO portal offers flexibility and compatibility, ensuring a smooth transition and optimal functionality.
“The RegO App and Presto-Link device marks a new era of efficiency and reliability in LPG tank and regulator testing,” added Paul Courson, Propane Energy Solutions Technical Sales Director at RegO. “Our commitment to innovation and customer satisfaction drives us to continuously evolve and improve our solutions.”
Honeywell has unveiled its latest hydrocracking technology, designed to produce sustainable aviation fuel from biomass, offering a solution that reduces carbon emissions by up to 90 percent compared to traditional fossil-based jet fuels. This innovative technology not only enhances the production of SAF by 3-5 percent but also achieves a cost reduction of up to 20 percent, while simultaneously minimising waste streams from the process.
The Fischer-Tropsch Unicracking™ technology developed by Honeywell allows for the conversion of liquids and waxes derived from various biomass sources, including agricultural residues, wood waste, and food scraps, into SAF that meets stringent aviation industry standards. This advancement aligns with Honeywell’s strategic focus on key megatrends, including the energy transition, by providing a sustainable solution for the aviation sector.
Ken West, president and CEO of Honeywell Energy and Sustainability Solutions, highlighted the importance of expanding feedstock options for SAF production, especially as demand continues to rise. By integrating the new hydrocracking technology with the existing Fischer-Tropsch process, Honeywell aims to diversify feedstock sources, thus enhancing the industry’s capacity to produce SAF sustainably.
DG Fuels, the world’s largest SAF producer using the FT process, has selected Honeywell’s FT Unicracking technology for its upcoming biofuels manufacturing facility in Louisiana. This facility is expected to supply substantial volumes of SAF, significantly contributing to the reduction of carbon emissions in global air travel. Michael Darcy, CEO of DG Fuels, emphasised the pivotal role of Honeywell’s technology in supporting the aviation industry’s ambitious sustainability goals.
Honeywell’s track record in SAF production dates back to the introduction of its Ecofining™ process in 2016. With a comprehensive portfolio of renewable fuel technologies, including Ethanol to Jet and eFining™, Honeywell is well-positioned to meet the growing demand for SAF across diverse feedstock sources. Over 50 sites worldwide have licensed Honeywell’s SAF technologies, with anticipated production capacities exceeding 500,000 barrels per day, further solidifying the company’s leadership in sustainable aviation fuel production.
The press conference to present the fifth edition of IVS – Industrial Valve Summit, the most important international event dedicated to industrial valve technologies and flow control solutions, took place in Milan at Sala Pirelli in Palazzo delle Stelline. The event, promoted by Confindustria Bergamo and Promoberg, will take place in Bergamo from May 14 to 16, 2024.
The session will kick off on the morning of May 14 with the early opening of the pavilions reserved for exhibitors, a novelty introduced to generate a valuable networking opportunity for the protagonists of IVS 2024. Highlight of the day is the opening conference of the Summit, where the event will be officially kicked off and where institutions, guests of honour, decision-makers and high-profile experts will take the floor.
In the afternoon, the extensive IVS scientific programme will start. A space that has proven over the years to be an agora where change can be interpreted and the latest technological innovations can be explored, identifying, and analysing the challenges of the sector. To support the development of the scientific calendar, the Summit organisers have created two additional conference rooms in Hall C. IVS 2024 includes 52 sessions including conferences, round tables, workshops, case studies and laboratories, providing a plan that is more than 50 percent greater than the 34 in-depth technical events of IVS 2022.
On May 15 and 16, the trade fair will go live and the halls will open their doors to the international valve community. Following the two-day exhibition, there will be a further opportunity for foreign delegations attending the fair to meet the players in the extended oil and gas supply chain on Friday May 17. The organisers have fuelled qualitative growth for the 2024 edition, increased the number of scheduled appointments in the trade fair programme and enriched the side events, taking the Industrial Valve Summit from a two-day exhibition to a full-fledged valve week.
The fifth edition of the event takes place two years after IVS 2022 and continues on the path of growth that has marked it since the first edition. The Summit organisers are predicting record numbers for IVS 2024, starting with the companies taking part in the exhibition. There will be more than 310 exhibitors, of which the international component is growing strongly, with more than 20 percent foreign companies. The number of visitors is also expected to grow, with more and more countries expected to arrive in Bergamo, representing all continents.
Despite the travel restrictions in force in some areas of the world and the delicate global scenarios, IVS 2022 welcomed 12,000 visitors (+12 percent compared to 2019) from more than 60 countries. IVS hosted almost 300 exhibiting companies (+17 percent on 2019), from 12 countries: Italy, Germany, Great Britain, the United States of America, France, South Korea, Spain, the Netherlands, Belgium, South Africa, Turkey and the Czech Republic. These numbers tell how IVS has established itself as an essential showcase for the entire supply chain connected to industrial valves and flow control.
The synergies with ICE (the Agency for the promotion abroad and internationalisation of Italian companies), AVR ANIMA (the industrial trade association representing Italian companies in the valves and fittings sector) provide a great stimulus for the increase in high-level international presence, Confindustria Assafrica & Mediterraneo (the Confindustria international office that supports Italian companies in their growth path in Africa and the Middle East) and SACE (the insurance-financial group directly controlled by the Ministry of Economy and Finance, specialised in supporting companies and the national economic fabric).
The partnerships will bring international delegations comprising institutional representatives, entrepreneurs, decision makers, speakers and specialised operators to the fair. The organisers have invited over 100 qualified end-user buyers of primary standing and international EPCs. A distinguished partner that can interface with operators from the entire energy sector, giving rise to moments of exchange and discussion. In addition, through an operational collaboration with UNIDO ITPO Italy (the Italian Office for the Promotion of Technology and Investment of the United Nations Industrial Development Organisation), IVS confirms the participation of a delegation of entrepreneurs and representatives of Iraqi institutions.
IVS-Prometeia Observatory “The Oil&Gas Valve Industry in Italy” 2024
The 2024 update of the IVS-Prometeia Observatory “The Oil&Gas Valve Industry in Italy”, carried out with the support of the Confindustria Bergamo Studies Office, was also presented. The new report gives a clear picture of the state of the Italian industrial valve sector, which confirms its excellence in the European competitive context. In 2022, almost 4 out of every 10 valves for Oil & Gas produced in Europe were made in Italy, where the sector’s production value was close to 3.0 billion. The 2022 turnover of the domestic industry was up 12% compared to 2021 but has not yet regained pre-pandemic levels. Italy retains the leadership of the EU sector ranking, more than 8 points ahead of Germany and more than 30 points ahead of the third placed country (France). The numbers are achieved within an ecosystem of 139 companies (over 90 percent of turnover is generated within a radius of 100 km from the province of Bergamo), with over 10,000 employees (up from 9,300 in 2021).
Exports of Italian valves for the Oil&Gas industry started to grow again at a steady pace in 2023 (+5.7 percent in value over 2022), proving a growth rate higher than the evolution of international trade. The rebound in exports was driven by the Middle Eastern (accounting for almost 19 percent of total Italian exports) and Asian markets. Sales in Western Europe and, above all, Eastern Europe, slowed down by the after-effects of the sanctions against Russia, performed less well. Investments by companies operating in the energy sector also grew, with increases in upstream, downstream and transport services. A positive trend that, along with the development of ‘green’ investments, offers positive effects that may also continue beyond 2023. There are opportunities for growth in both traditional and renewable and innovative sectors, such as Carbon capture utilisation and storage and hydrogen. There are, however elements of uncertainty, linked both to geo-political factors and to the timing and methods of the energy transition, which make strategic (even short-term) business choices more complex.
Giovanna Ricuperati, president of Confindustria Bergamo, commented: «Actions to support production chains are of strategic importance for our Association. In this context, IVS – Industrial Valve Summit confirms its role as a driving force also in this edition, a winning example of how it is possible to act in synergy to enhance the industrial valve sector of excellence. This is an event that, on the one hand, is expanding its international profile, as is also shown by the increase in the number of delegations attending, and, on the other, is consolidating its scientific value, with over 50 sessions scheduled including round tables, talks and company presentations. At the same time, the focus is
on consolidating ties with the territory, as also demonstrated by the two initiatives aimed at young people in the IVS Young programme».
Giuseppe Patelli, president of Promoberg: «IVS is the flagship in the path of internationalisation of Fiera di Bergamo, with hundreds of companies and over 12 thousand high-profile operators from all over the world. We are honoured to play our part in supporting the economy and promotion of Bergamo, including tourism and culture. We have increased the number of days, up to three from the traditional two, with the first day dedicated exclusively to exhibitors, to discuss the hot topics of the sector and the trade fair in which they are the main players.
Today, the exhibition centre is a great added value, at the centre of one of the world’s most important macro-regions and a nerve centre for mobility, thanks also to the BGY international airport that connects Bergamo with the whole of Europe, the Middle East and North Africa. And as for ‘tomorrow’ we welcome the announcement by the owners on the doubling of the exhibition centre that will allow us to further develop the growth of the summit».
Francesco Apuzzo, president of Valve Campus: «The goal of the IVS Scientific Committee has always been the provision of high-level content for the industry professionals and visitors attending. This year, we will introduce a series of themed sessions and interactive workshops covering the latest industry trends and challenges, from energy efficiency and decarbonisation solutions to new standards and business process digitisation. Among the novelties of this edition, there will be a special focus on the importance of sustainability and the introduction of artificial intelligence to underpin the future of the industry. The programme includes international keynote speakers, case studies, and panel discussions, as well as the presentation of more than 40 papers by authors from every continent.
Shell Deutschland GmbH has officially inaugurated a new bio-LNG plant in the Energy and Chemicals Park Rhineland, marking a significant milestone in Germany’s energy transition efforts. The plant, the largest of its kind in the country, has the capacity to produce approximately 100,000 tonnes of the lower-CO2 fuel annually, enabling the refueling of 4,000-5,000 LNG trucks per year and avoiding up to a million tonnes of CO2 emissions.
The opening ceremony, attended by prominent guests from politics, society, and administration, underscored the importance of such investments in driving structural change and supporting the country’s energy transition goals. Michael Kellner, MP, parliamentary state secretary of the Federal Ministry for Economic Affairs and Climate Protection, highlighted the opening as a significant signal for investments, job security, and the energy transition in Germany.
Felix Faber, managing director of Shell Germany, emphasised Shell’s commitment to serving the entire value chain for bio-LNG. With a Europe-wide network of 90 filling stations for LNG trucks, including 36 stations in Germany, and ongoing efforts to expand production capacity, Shell is actively driving the transformation of the transportation sector towards lower-carbon alternatives.
Bio-LNG, derived from sustainable sources such as agricultural waste, plays a crucial role in Shell’s ambition to become a net-zero carbon company by 2050. Alongside investments in green hydrogen, wind and solar power, and electric vehicle charging infrastructure, bio-LNG represents a key component of Shell’s strategy to manage the trilemma of energy security, energy costs, and climate-friendly energy transition.
The Energy and Chemicals Park Rhineland serves as a focal point for Shell’s efforts in the energy transition, with initiatives such as green hydrogen production and the shift towards high-quality lubricants production reflecting the company’s commitment to sustainability and innovation. Through its diverse portfolio of low- and carbon-free products, including bio-LNG, Shell aims to empower customers in advancing the energy transition while reducing greenhouse gas emissions in the transportation sector.
Terra Drone Corporation, along with its group companies Unifly NV and Aloft Technologies Inc., has unveiled a joint development initiative focusing on UAS Traffic Management for Advanced Air Mobility targeting global markets. This collaboration marks a significant milestone as the world’s first-ever joint UTM development for AAMs by multiple companies with extensive track records in UTM implementation and operation.
With the rapid global progress in electric vertical take-off and landing aircraft, poised to revolutionise transportation, Terra Drone, Unifly, and Aloft are leveraging their expertise to seize opportunities in the Urban Air Mobility market. Research by Morgan Stanley indicates that the UAM market is projected to grow exponentially in the coming decades.
Drawing upon their decade-long experience in UTM development, Terra Drone, Unifly, and Aloft are uniquely positioned to collaborate on this initiative. Terra Drone, as the world’s second-largest drone solution provider, brings extensive industry knowledge, while Unifly and Aloft contribute their proven track records in UTM implementation at national levels.
Their shared vision for the UTM platform is to enable safe and efficient flight operations for eVTOLs and drones. By enhancing their existing UTM platforms with automation and advanced functionalities, they aim to set new standards in UTM and facilitate the seamless integration of eVTOLs and drones into the national airspace.
In pursuit of this vision, the companies are actively seeking collaboration with a wide range of stakeholders, including eVTOL manufacturers, operators, aviation authorities, and urban planners. Through strategic partnerships, they aim to build a global UTM infrastructure that supports the growth of the AAM industry while addressing the broader challenges of urban mobility and air traffic safety.
Neste Corporation, a global leader in renewable and circular solutions, released its Interim Report for January–March 2024 today, demonstrating resilience in a weak renewables market.
Key Highlights of the First Quarter:
Comparable EBITDA amounted to EUR 551 million, down from EUR 830 million in the same period last year.
Renewable Products’ comparable sales margin stood at USD 562/tonne, reflecting the impact of a weaker market.
Oil Products’ total refining margin was USD 20.4/bbl, slightly lower compared to the previous year.
Cash flow before financing activities was EUR -340 million, impacted by higher inventories and preparations for major turnarounds.
The comparable return on average capital employed (ROACE) was 20.1 percent over the last 12 months.
Leverage ratio was 27.9 percent at the end of March.
Matti Lehmus, president and CEO of Neste Corporation, commented on the company’s performance, stating, “Our focus was on defending margins in a more challenging market as the market situation in renewable diesel was clearly weaker in the first quarter of 2024 compared to the previous year.”
Renewable Products Segment:
Comparable EBITDA for renewable products totaled EUR 242 million, impacted by a weaker market in renewable diesel.
Sales volume reached 849 thousand tonnes, affected by seasonally lower demand and inventory build-up.
Production at the Singapore second line remained stable, with the share of waste and residue inputs reaching 91%.
Oil Products Segment:
Comparable EBITDA for oil products amounted to EUR 278 million, following somewhat lower refining margins and reduced sales volume.
The Porvoo refinery’s operational performance remained solid, with a utilisation rate of 91 percent.
Marketing & Services Segment:
Comparable EBITDA for Marketing & Services was EUR 23 million, reflecting the company’s resilient market position despite logistical challenges.
Strategic Initiatives and Outlook:
Neste completed its organisational change process during the quarter, focusing on strengthening long-term competitiveness and improving cost efficiency.
The company remains committed to its growth strategy in renewable and circular solutions, with a focus on operational execution and increasing sustainable aviation fuel sales.
The market outlook for 2024 remains uncertain, with expected volatility in renewable diesel prices and refining markets.
Guidance for 2024:
Renewable Products’ total sales volume is expected to increase, reaching approximately 4.4 Mt in 2024, with a full-year average comparable sales margin in the range of USD 600–800/tonne.
Oil Products’ total sales volume is expected to be lower than in 2023, impacted by planned turnarounds.
Total fixed costs in 2024 are expected to be somewhat higher due to major turnarounds and growth in project resources.
Neste Corporation maintains its full-year guidance for 2024, focusing on operational excellence and sustainable growth amidst market challenges.
In a significant development, SK Gas’s liquefied natural gas terminal in Ulsan initiated a trial run, the company announced on Monday. Named the Korea Energy Terminal, the 1.2 trillion won ($869.3 million) terminal is a collaborative effort between the Korea National Oil Corporation and SK Gas, with SK Gas holding a 47 percent stake.
During the trial run, LNG cargo from the Grace Cosmos was successfully unloaded at the terminal. This LNG will be utilised to fuel the Ulsan Gas Power Solution during the operational trial phase.
Construction of the Ulsan GPS, a combined-cycle power plant adjacent to the terminal, began in September 2022 with an investment of 1.4 trillion won. With a generation capacity matching that of a nuclear power plant at 1.2 gigawatts, the plant is projected to consume approximately 900,000 to 1 million tons of LNG annually.
An innovative aspect of the facility is its capability to burn both LNG and liquefied petroleum gas as fuels, a first of its kind as stated by SK Gas. Commercial operation of the terminal is scheduled to commence in the latter half of the year.
This initiative forms a crucial part of SK Gas’s strategic transition from its previous emphasis on LPG to LNG. Yoon Byung-suk, CEO of SK Gas, expressed satisfaction at achieving milestones with the KET, highlighting its significance for SK Gas’s LNG business. He further affirmed SK Gas’s commitment to emerging as a major LNG player in the Northeast Asian region by 2030.
In an exciting development, Jebsen & Jessen Group has announced the acquisition of GMA Garnet Group, marking a significant milestone in both companies’ trajectories. Led by CEO Grant Cox, the acquisition underscores a strategic move towards expansion and innovation within the family enterprise.
The decision to integrate GMA Garnet Group into the Jebsen & Jessen corporate umbrella reflects a shared vision for long-term sustainability and efficiency. With regulatory approvals pending, the transaction is poised to enhance operations and drive value across all sites.
Grant Cox expressed his enthusiasm for the acquisition, highlighting the potential for growth and the commitment to delivering value to customers. Heinrich Jessen, chairman of Jebsen & Jessen Group, echoed this sentiment, emphasising GMA’s impressive track record and global reach over the past four decades.
The acquisition marks the creation of a new Business Unit within Jebsen & Jessen Group, expanding their industrial portfolio into exciting new realms both geographically and technically. With the support of global team partners and stakeholders, the future looks promising for both GMA Garnet Group and Jebsen & Jessen Group as they embark on a journey of sustained growth and success.
The team at VTTI Bio-Energy in Tilburg, the Netherlands, recently had the pleasure of hosting representatives from the municipality of Gemeente Oosterhout. The purpose of their visit was to gain insights into the facility and its pivotal role in advancing the bio-based circular economy and renewable energy transition.
Jeroen van Strien, Team Coordinator of Waste and Cleaning at the Municipality of Oosterhout, expressed his admiration, stating, “It was impressive to see how much technology has been brought together to ensure that the highest result can be achieved. And, at the same time, the impact for the environment is really kept to a minimum. This facility is another good step towards a sustainable society. Thank you to the VTTI Tilburg team for an interesting tour!”
The VTTI Bio-Energy Tilburg facility stands as a beacon of sustainability and innovation. Specifically designed for processing organic waste streams, the facility is projected to yield approximately 23 million m3 of biogas annually. Notably, a portion of this biogas undergoes upgrading to green gas, which is then integrated into the Dutch gas network, thus playing a crucial role in propelling the Netherlands towards a more sustainable future.
Baker Hughes, an energy technology company, has secured a significant order to supply gas technology equipment for the third phase of Saudi Arabia’s Master Gas System project. The order, placed by Worley on behalf of Aramco, underscores Baker Hughes’ continued partnership with Saudi Arabia in advancing its energy transition goals.
Under the agreement, Baker Hughes will provide 17 pipeline centrifugal compressors driven by state-of-the-art aeroderivative gas turbines for Aramco’s project. This new 4,000-kilometre pipeline is a crucial component of the Kingdom’s efforts to enhance domestic gas distribution and reduce carbon emissions and oil consumption. The contract follows Baker Hughes’ successful delivery of 18 centrifugal compressors driven by aeroderivative gas turbines for Phase 1 and 2 of the Master Gas System projects.
Lorenzo Simonelli, chairman and CEO of Baker Hughes, highlighted the company’s longstanding commitment to sustainable natural gas operations and its partnership with Aramco in reducing emissions through the transition to gas. He emphasised Baker Hughes’ role in advancing the efficient use of natural gas and expressed pride in delivering a reliable system to transport and distribute gas across Saudi Arabia.
In line with its commitment to Saudi Arabia’s energy objectives, Baker Hughes is investing in expanding its manufacturing site in Modon, Saudi Arabia. The upgraded facility, which includes doubling the capacity of its workforce, will enable the company to provide localised testing and packaging solutions, supporting the timely execution of projects like MGS3. Earlier this year, Baker Hughes announced the delivery of advanced hydrogen compression solutions for the NEOM green hydrogen project, further demonstrating its commitment to driving sustainable energy solutions in the Kingdom.
Vopak has reported robust financial results for the first quarter of 2024, showcasing strong growth and performance across various metrics. The company has also revised its outlook for the fiscal year 2024, indicating positive momentum and confidence in its future prospects.
In terms of financial performance, Vopak saw an increase in net profit, including exceptional items, reaching EUR 106 million in Q1 2024, marking a 3 percent improvement compared to the previous year. This growth was primarily driven by favourable storage demand across different geographies and markets. Additionally, the company reported an increase in proportional EBITDA, excluding exceptional items, to EUR 298 million, representing a 9 percent year-on-year improvement when adjusted for divestment impacts.
Furthermore, Vopak strengthened its balance sheet and made good progress on its share buyback programme, reflecting a commitment to enhancing shareholder value. The company also expanded its outlook for FY 2024, signalling optimism about future performance and growth opportunities.
In terms of strategic initiatives, Vopak made significant strides in various areas. The acquisition of a new terminal in Mangalore bolstered its leading position in India, while progress on a greenfield LPG-export terminal project in Western Canada underscored its commitment to expansion and diversification.
Moreover, Vopak accelerated its efforts towards sustainability by commissioning repurposed infrastructure in Singapore for low-carbon transportation fuels. Progress was also made in repurposing existing capacity in Alemoa, Brazil, and Vlaardingen, the Netherlands, further aligning the company with its sustainability goals.
The CEO of Vopak expressed satisfaction with the company’s performance, highlighting its strategy to improve financial and sustainability performance, grow its business, and accelerate towards new energies and sustainable feedstocks. The CEO emphasised the robust demand for infrastructure services, strong market conditions, and strategic acquisitions as key drivers of growth.
In summary, Vopak’s strong Q1 2024 results and increased outlook for FY 2024 reflect its resilience, strategic focus, and commitment to delivering value to stakeholders amidst evolving market dynamics and sustainability imperatives.
Texas LNG Brownsville LLC, a subsidiary of Glenfarne Energy Transition, LLC, has announced a significant milestone in its liquefied natural gas export terminal project. The company has signed a second Heads of Agreement with EQT Corporation for natural gas liquefaction services, further solidifying its position in the LNG market. This agreement, spanning a period of 20 years, will see Texas LNG receive an additional 1.5 million tonnes from EQT, bringing its total HOA volume with EQT to 2 MTPA.
This latest transaction marks a substantial expansion of Texas LNG’s commercial agreements and demonstrates the growing demand for its LNG export services. While final terms are still subject to negotiation for a definitive 20-year LNG tolling agreement, this development underscores Texas LNG’s commitment to meeting the needs of its customers and stakeholders.
Brendan Duval, CEO and founder of Glenfarne, expressed pride in the expansion of the partnership with EQT, highlighting the significance of reaching this milestone. He emphasised that Texas LNG has now sold more than half of its permitted capacity, reflecting the strong market interest in the project.
Glenfarne Energy Transition, LLC, a developer, owner, and operator of energy transition infrastructure, plays a pivotal role in the success of Texas LNG. As the majority owner and managing member of Texas LNG, Glenfarne brings extensive expertise and resources to the project. Additionally, Glenfarne is the sole owner and developer of the 8.8 MTPA Magnolia LNG facility in Lake Charles, Louisiana, further solidifying its position in the LNG industry.
The announcement comes on the heels of Texas LNG’s recent offtake agreement with Gunvor, further enhancing its commercial viability. With these agreements in place, Texas LNG is well-positioned to advance towards financial close and the commencement of construction, which is anticipated to take place in the fourth quarter of this year.
Commercial operations for the Texas LNG project are scheduled to commence in 2028. This timeline aligns with the company’s strategic vision and underscores its commitment to delivering high-quality LNG products to its customers.
Overall, the expansion of the partnership with EQT and the progress made on the Texas LNG project reaffirm Glenfarne’s dedication to driving innovation and sustainability in the LNG sector. As the energy landscape continues to evolve, Texas LNG remains poised to play a pivotal role in meeting global energy demands and advancing the transition to cleaner energy sources.
NGK INSULATORS, LTD. has received an order from BASF Stationary Energy Storage GmbH , a subsidiary of German chemical manufacturer BASF SE, for NAS Batteries for a large-scale green hydrogen production project, developed by HH2E, a German green hydrogen producer.
The NAS batteries that have been ordered have a maximum output of 18 megawatts and a capacity of 104.4 megawatt-hours (72 container-type NAS batteries). They are part of the large-scale project for green hydrogen* production currently under development on the Baltic Sea shore in the north of Germany. The current order is the first delivery batch of the NAS batteries, with a total capacity of more than 230 megawatt-hours reserved by HH2E for this project. Negotiations for the next deliveries are also underway.
The NAS batteries will be charged with electricity from intermittent renewable energy sources, such as solar and wind power, and will supply power to the electrolyzer for the green hydrogen production process, ensuring efficient utilisation of renewable energies and stable green hydrogen production. NAS batteries, capable of high-capacity and long-duration discharge, are well-suited for shifting peak loads over an extended period using electricity derived from renewable energy sources.
The NAS batteries’ track record, safety, and high reliability as energy storage technology have been highly evaluated, leading to their adoption in this project. This is the first commercial adoption of NAS batteries for green hydrogen production projects.
Efforts by countries and companies around the world to decarbonise their business activities and achieve carbon neutrality by 2050 are accelerating. Germany, a leading country in renewable energy, aims to become a global leader in hydrogen technologies and has set a target of achieving 10 GW of hydrogen production capacity by 2030.
NGK and BSES established a sales partnership agreement for NAS batteries in 2019 and have expanded NAS battery sales through BASF’s global sales network. NAS batteries are used in various applications, including those that involve stabilising renewable energy, balancing electric power demand and supply, and serving as emergency power sources. They have so far been installed in over 250 locations around the world and have a stable operational track record of more than 20 years. NGK will continue to partner with BSES to further promote marketing and sales activities for NAS batteries, contributing to the expansion of renewable energy introduction and the realisation of carbon neutrality globally.
Carbon capture and storage has emerged as a vital tool in the fight against climate change, especially for capturing emissions that are challenging to prevent. Recognising its significance, European nations have been actively collaborating to advance CCS initiatives and meet ambitious climate targets.
In recent years, strategic arrangements have been forged to facilitate CCS implementation across borders. Norway and the Netherlands laid the groundwork in 2021 with an energy cooperation agreement focused on CCS, subsequently joined by Belgium in 2022 and Denmark in 2023. Additionally, joint declarations with Sweden in 2022 marked further progress in cross-border collaboration.
The latest milestone in this endeavour sees Denmark, Belgium, the Netherlands, and Sweden establishing arrangements for cross-border CO2 transport with Norway, effectively removing barriers to a well-functioning CCS market in the wider North Sea region.
Rob Jetten, minister for climate and energy of the Netherlands, emphasised the importance of such cooperation, stating that cross-border CO2 transport aligns with EU climate goals and fosters economic development. Similarly, Norway’s minister of energy, Terje Aasland, highlighted the significance of storing CO2 across national borders, underscoring its role in mitigating the climate crisis.
Danish minister for climate, energy and utilities Lars Aagaard echoed the sentiment, emphasising the necessity of international CCS efforts to achieve climate neutrality. Meanwhile, Sweden’s minister for climate and environment, Romina Pourmokhtari stressed the importance of CCS in realising a fossil-free future, citing Sweden’s potential in bioenergy with carbon capture and storage.
Belgium and its regions, Wallonia and Flanders, have also embraced CCS as a vital climate solution. The Belgian minister of the North Sea, Paul Van Tigchelt highlighted the importance of agreements with Norway for storing captured CO2 in depleted oil and gas fields. Similarly, Wallonian minister Philippe Henry and Flemish minister Zuhal Demir underscored the significance of CCS in reducing emissions and advancing renewable energy efforts.
As Europe navigates its transition towards a low-carbon future, cross-border collaboration on CCS emerges as a cornerstone of collective efforts to combat climate change and foster sustainable development. Through strategic partnerships and concerted action, these nations are paving the way for a more resilient and environmentally conscious future.
Stolt-Nielsen Limited’s subsidiary, Stolt Tankers B.V., has recently partnered with SFL Corporation Ltd. to acquire two LNG dual-fuel 33,000 deadweight tonne stainless steel chemical tankers. These modern and fuel-efficient ships, built between 2022 and 2023, feature 22 cargo tanks, providing a wide range of cargo flexibility.
The delivery of these ships is expected to take place between June and August of this year. One of the vessels has been secured under a fixed time-charter agreement, while the other will be employed in the Stolt Tankers Joint Service (STJS) pool. This collaboration between Stolt Tankers and SFL Corporation aims to enhance their operations and capitalise on the firm chemical tanker market.
The CEO of Stolt-Nielsen, Udo Lange, expressed his satisfaction with the partnership, highlighting the attractive pricing of the tonnage and the positive impact the dual-fuel ships will have on the fleet’s age profile and carbon intensity. Moreover, the new vessels will offer increased flexibility in Stolt Tankers’ core 33,000 deadweight segment.
Lange also emphasised the company’s commitment to asset-light fleet replacement and its focus on collaborating with best-in-class partners like SFL Corporation, NYK Line, and CMB Group. This strategic approach aims to enhance profitability and reduce the balance sheet intensity of Stolt-Nielsen, while further improving their industry-leading customer service offering and reliability.
Ole B. Hjertaker, CEO of SFL Management AS, expressed his excitement about the new partnership with Stolt-Nielsen, acknowledging the company’s market-leading position in logistics for sophisticated chemicals. Hjertaker also highlighted the favourable market dynamics for stainless-steel chemical tankers, including steady growth in demand, an aging fleet, and a limited order book. The combination of fixed-rate charter and pool earnings presents an opportunity for SFL Corporation to participate in a strong market while providing cash flow support.
Overall, this long-term agreement between Stolt Tankers and SFL Corporation represents a strategic move to enhance their operations, capitalise on market opportunities, and drive further growth in the liquid logistics industry.
TotalEnergies has taken significant steps in bolstering its gas production portfolio with the signing of an agreement with Sapura Upstream Assets Sdn Bhd to acquire its 50 percent interest in SapuraOMV Upstream Sdn. The transaction, valued at $530 million, is poised to reinforce TotalEnergies’ position as a prominent gas operator in Malaysia. The closing of this deal, anticipated in the second half of 2024, is contingent upon customary closing adjustments and regulatory approvals.
This agreement follows TotalEnergies’ initial agreement with OMV on January 31st, 2024, for the acquisition of its 50 percent interest in SapuraOMV. Upon the completion of both transactions, TotalEnergies will possess full ownership of SapuraOMV.
SapuraOMV’s core assets include a 40 percent operated interest in block SK408 and a 30% operated interest in block SK310, situated offshore Sarawak in Malaysia. In 2023, SapuraOMV’s operated production amounted to approximately 500 Mcf/d of natural gas and 7 kb/d of condensates. Notably, the development of the Jerun gas field on block SK408 is progressing as planned, with a startup expected in the second half of 2024. Additionally, SapuraOMV holds exploration licences across Malaysia, Australia, New Zealand, and Mexico, where a significant discovery was made in 2023 on block 30.
Patrick Pouyanné, chairman and CEO of TotalEnergies, underscored the strategic significance of the transaction, stating, “The SapuraOMV assets are fully in line with our strategy to grow our gas production to meet demand growth, focusing our portfolio on low-cost and low-emission assets.” Pouyanné further expressed enthusiasm about strengthening TotalEnergies’ partnership with Petronas in Malaysia and identified the country as a region with ample development opportunities for the company.
The acquisition of SapuraOMV underscores TotalEnergies’ commitment to expanding its gas production capabilities and consolidating its presence in key energy markets worldwide.
Aramco, a leading global integrated energy and chemicals company, has initiated discussions with Hengli Group Co., Ltd. regarding the potential acquisition of a 10 percent stake in Hengli Petrochemical Co., Ltd. . This proposed transaction, subject to due diligence and necessary regulatory approvals, signifies Aramco’s strategic intent to enhance its downstream presence in key high-value markets, advance its liquids-to-chemicals programme, and secure long-term crude oil supply agreements.
The companies formalised their intentions by signing a Memorandum of Understanding regarding the potential transaction. This strategic move aligns with Aramco’s vision of expanding its global footprint in downstream operations, particularly in vital markets such as China.
Hengli Petrochemical, a subsidiary of Hengli Group, operates a substantial 400,000 barrel per day refinery and integrated chemicals complex situated in Liaoning Province, China. Additionally, it oversees various plants and production facilities across Jiangsu and Guangdong Provinces.
Commenting on the MoU, Mohammed Y. Al Qahtani, Aramco downstream president, expressed optimism about the potential partnership, stating, “This MoU supports our efforts to grow our global downstream footprint. We continue to explore new opportunities in important markets, as we seek to progress in our liquids-to-chemicals strategy. We look forward to forging new partnerships and are excited by the prospect of expanding our presence in the important Chinese market.”
Pengerang Terminals Sdn Bhd proudly celebrates a decade of excellence in safety and service within the energy industry, marking a significant milestone in its journey.
Over the past ten years, the dedicated team at PTSB has consistently upheld the highest standards of safety and service, setting benchmarks for industry best practices. Reflecting on these achievements, the company looks forward to seizing the opportunities that lie ahead. Collaborating with esteemed partners and stakeholders, PTSB remains committed to shaping a more sustainable energy future.
The journey of success at PTSB would not have been possible without the steadfast support of its valued customers, whose trust and partnership have been integral to its growth. However, it is the team members who are the true heroes, with their hard work, expertise, and unwavering commitment serving as the driving force behind every milestone reached.
A heartfelt thank you is extended to each member of the PTSB family for their tireless dedication to serving customers and local communities every step of the way. Here’s to celebrating these achievements together and to many more years of growth, innovation, and positive impact on the energy landscape. Cheers to a bright future ahead!
During his visit to Muscat on April 21st, Patrick Pouyanné, chairman and CEO of TotalEnergies, engaged in discussions with His Majesty Sultan Haitham bin Tariq Al Said and his excellency eng. Salim bin Nasser Al Aufi, minister of energy & minerals, reaffirming the enduring partnership between TotalEnergies and the Sultanate of Oman.
Accompanied by Mr. Mulham Basheer Al Jarf, chairman of OQ, the Oman National Oil Company, Patrick Pouyanné announced the final investment decision for the Marsa LNG project, marking a significant milestone in the collaboration between TotalEnergies and Oman.
TotalEnergies had previously inked a sale and purchase agreement with Oman LNG for the offtake of 0.8 Mtpa of LNG over ten years from 2025, establishing the company as one of the primary offtakers of Oman LNG’s production.
Furthermore, TotalEnergies (49 percent) and OQ Alternative Energy (51 percent) are in advanced discussions to jointly develop a portfolio of up to 800 MW, including a 300 MWp solar project to supply the Marsa LNG facility.
The Marsa LNG project, initiated by TotalEnergies (80 percent) and OQ (20 percent) through their joint company Marsa Liquefied Natural Gas (“Marsa”), integrates upstream gas production, downstream gas liquefaction, and renewable power generation. The project aims to establish one of the lowest greenhouse gas emissions intensity LNG plants worldwide, with a GHG intensity below 3 kg CO2e/boe, setting new standards for sustainability in the industry.
Key contracts for the project have been awarded to Technip Energies for the LNG plant and to CB&I for the LNG tank, highlighting the project’s commitment to top-tier engineering and construction standards.
Beyond its environmental benefits, the Marsa LNG project is expected to generate long-term employment opportunities and socio-economic benefits for the city of Sohar and the wider region.
One of the key objectives of the Marsa LNG project is to establish the first LNG bunkering hub in the Middle East, offering a competitive alternative marine fuel to reduce emissions in the shipping industry significantly. LNG’s environmental advantages, including reduced greenhouse gas emissions, nitrogen oxide emissions, sulfur emissions, and fine particle emissions, position it as a compelling choice for the maritime sector.
Patrick Pouyanné expressed his pride in launching the Marsa LNG project, underscoring TotalEnergies’ commitment to Oman’s sustainable energy development. He emphasised the project’s alignment with TotalEnergies’ multi-energy strategy, showcasing the company’s pioneering spirit and dedication to the energy transition. Through initiatives like Marsa LNG, TotalEnergies aims to drive long-term environmental and economic benefits while leading the way towards a sustainable energy future.
PortXchange, a pioneering force in the maritime sector, renowned for its data-driven decarbonisation technology and consultancy services for ports and shipping companies, has announced the appointment of esteemed expert Dr. Beatriz Canamary as their US maritime knowledge expert. In this role, Dr. Beatriz will focus on supporting ports in their efforts to decarbonise operations, leveraging her extensive experience and insights gained from over 17 years of successful global business ventures in the infrastructure segment.
Sjoerd de Jager, CEO of PortXchange, expressed his excitement about Dr. Beatriz joining the team, highlighting her exceptional expertise and dedication to sustainability. He emphasised the alignment of her passion with PortXchange’s mission to drive transformative change in the maritime and port sectors, envisioning a future where ports are not only more efficient but also environmentally responsible and beneficial to surrounding communities.
Dr. Beatriz shared her enthusiasm for the collaboration, stressing the importance of sustainability in today’s business landscape and the pivotal role of digital technologies in driving this transition. She emphasised the unique opportunity for ports to lead the charge towards a greener economy and highlighted PortXchange’s role in providing science-based solutions to enhance efficiency, transparency, and profitability while reducing environmental impact.
The collaboration with Dr. Beatriz comes at a crucial time, as US ports face significant challenges in their decarbonisation journey, as revealed by a recent survey conducted by the American Association of Port Authorities (AAPA) in collaboration with ABS. PortXchange remains committed to assisting US ports in overcoming these obstacles, leveraging its expertise and award-winning solutions like EmissionInsider to track and analyse emissions effectively.
PortXchange believes that collaboration, digitization, and sustainability are the keys to shaping the future of shipping and ports. With its extensive product line and expertise, PortXchange aims to lead the industry towards a more sustainable and environmentally responsible future, empowering maritime stakeholders with essential decarbonisation tools.
This partnership underscores PortXchange’s commitment to expanding its outreach across the United States and supporting maritime stakeholders in their journey towards decarbonisation, ultimately driving progress towards a more sustainable future for the industry.
Rabobank’s corporate banking young professionals and Vopak’s management trainees joined forces last week for an insightful and collaborative event hosted at Vopak’s headquarters in Rotterdam. Spearheaded by Koen Borsje from Vopak and Jasper van Balen from Rabobank, the initiative aimed to facilitate knowledge-sharing and mutual learning between the two organisations.
The event kicked off with Koen and Jasper providing valuable insights into their collaborative work, setting the stage for an engaging exchange of ideas and perspectives. Following this, Koen van Beveren, one of Vopak’s management trainees, delivered an informative presentation highlighting Vopak’s role in advancing global logistics and facilitating the flow of goods worldwide. This presentation was followed by interactive small group discussions, allowing participants to delve deeper into the topics presented and share their own insights.
To conclude the event on a memorable note, attendees embarked on a scenic boat trip through the vibrant harbour of Rotterdam. This unique experience provided participants with a firsthand look at Vopak’s operations, including a glimpse of the company’s terminal in Vlaardingen. The boat trip offered a picturesque backdrop for further networking and discussion, enhancing the overall collaborative spirit of the event.
Overall, the collaborative event between Rabobank’s young professionals and Vopak’s trainees proved to be a valuable platform for knowledge exchange, fostering greater understanding and collaboration between the two organisations. Through initiatives like these, both Rabobank and Vopak continue to invest in the development and growth of their talent, driving innovation and excellence within their respective industries.
The GTT Group has announced the appointment of Jean-Baptiste Choimet as its chief executive officer, effective June 12, 2024. Currently serving as a member of GTT’s executive committee and managing director of Elogen, a subsidiary specialising in electrolyser design and manufacturing for green hydrogen production, Choimet brings a wealth of experience and expertise to his new role.
This decision, endorsed unanimously by GTT’s board of directors, follows a meticulous selection process led by the appointments and remuneration committee, chaired by Catherine Ronge. In line with GTT’s governance restructuring, Philippe Berterottière will continue serving as chairman of the board of directors.
Catherine Ronge, chair of the nominations and remuneration committee, expressed confidence in Choimet’s leadership, citing his exceptional managerial skills and profound knowledge of LNG and hydrogen sectors. Choimet’s seamless transition into the CEO role is expected to align with GTT’s development strategy.
Philippe Berterottière, the current Chairman and CEO, commended Choimet’s appointment, highlighting his dedication and vision in steering Elogen towards technological excellence in the green hydrogen domain. Berterottière expressed enthusiasm for collaborating with Choimet and reiterated his commitment to serving GTT as president.
Jean-Baptiste Choimet, in response to his appointment, expressed gratitude to GTT’s board of directors and pledged to leverage his experience to drive the group’s evolution. With a strong passion for technology and innovation, Choimet aims to mobilise GTT’s teams to advance the company’s position as a global leader in maritime and energy technologies.
Jean-Baptiste Choimet’s career journey reflects his diverse experience in the energy sector, from contributing to LNG terminal projects to overseeing telecom network operations. A graduate of Ecole Polytechnique and the University of Cambridge, Choimet’s appointment signals a new chapter in GTT’s leadership, poised to navigate the challenges and opportunities in the evolving energy landscape.
Technip Energies has secured a significant contract from TotalEnergies and OQ for the Marsa LNG bunkering project in Sohar, Oman. The contract encompasses the engineering, procurement, and construction of a natural gas liquefaction train with a capacity of 1 million tonnes per year. Notably, the plant will employ electric-driven motors powered by renewable electricity from a nearby solar farm, making it one of the world’s lowest greenhouse gas intensity LNG facilities. The LNG produced will be utilised as marine fuel, contributing to reducing the shipping industry’s carbon footprint.
Arnaud Pieton, CEO of Technip Energies, emphasised the significance of the Marsa LNG project in decarbonising the LNG value chain while supporting energy demands. With its expertise in LNG infrastructure design and delivery, Technip Energies is committed to collaborating with TotalEnergies and OQ to provide reliable, affordable, and sustainable energy solutions.
Operating in 34 countries with a workforce of 15,000, Technip Energies is dedicated to accelerating the energy transition by delivering innovative projects in LNG, hydrogen, ethylene, sustainable chemistry, and CO2 management. The company’s shares are listed on Euronext Paris, with a Level 1 sponsored American Depositary Receipts programme facilitating over-the-counter trading.
JGC Holdings Corporation, led by Masayuki Sato as representative director, chairman, and CEO, has announced its decision to invest in AP Ventures Fund III, a venture capital fund based in the United Kingdom. This strategic investment aims to bolster JGC HD’s competitiveness in exploring cutting-edge technologies in hydrogen, ammonia, and carbon capture, utilisation, and storage.
Managed by AP Ventures LLP, headquartered in London, UK, the fund represents the third fund in AP Ventures’ portfolio. With a primary focus on the global hydrogen value chain, the fund also targets investments in CCUS technology ventures.
Since 2013, the AP Ventures team has been actively investing in the hydrogen industry, fostering the development of a comprehensive hydrogen value chain worldwide. Through its first two funds, AP Ventures has invested in over 20 promising companies, accumulating extensive knowledge and expertise in the sector.
Aligned with its commitment to realising an environmentally conscious society and enhancing energy access, the JGC Group has identified hydrogen and ammonia as key areas for investment. These energy sources, which produce no CO2 emissions during combustion, are seen as pivotal in the transition towards a decarbonised future. As part of its long-term management vision, “2040 Vision,” JGC prioritises energy transition as a cornerstone of its future growth strategy. Strengthening collaboration with ventures possessing innovative technologies in hydrogen, ammonia, and CCUS is deemed crucial to achieving these objectives.
Through its investment in the Fund, JGC Group aims to enhance its proposal capabilities and competitiveness in the hydrogen, ammonia, and CCUS sectors. By forging closer ties with ventures at the forefront of technological innovation, JGC seeks to accelerate the development and deployment of sustainable solutions for a decarbonised society.
The International Liquid Terminals Association (ILTA), a leading industry association representing the liquid terminals sector, is pleased to announce the promotion of Leakhena Swett from executive vice president to president.
Ms. Swett has dedicated nearly five years of service to ILTA, consistently showcasing exceptional leadership and a profound understanding of the industry’s dynamics. Her elevation to the role of president acknowledges her remarkable contributions and positions her as a pivotal figure in shaping ILTA’s strategic direction.
As president, Ms. Swett will assume broader responsibilities in shaping ILTA’s vision, advocating for the industry, and spearheading initiatives to further propel the liquid terminals sector. Leveraging her extensive knowledge of the organisation, industry stakeholders, and member requirements, she will play a key role in advancing ILTA’s mission of promoting safe and efficient operations, fostering innovation, and addressing industry challenges.
Ms. Swett’s expertise in operations, governance, and membership has been instrumental in driving ILTA’s growth and expanding its network of industry professionals. Her proven track record in developing effective marketing strategies, engaging members, and nurturing partnerships will be invaluable in her new capacity as she collaborates with the ILTA team and industry stakeholders to enhance ILTA’s value proposition for its members.
Expressing her enthusiasm, Ms. Swett stated, “It’s an honour to assume the role of president at ILTA. I look forward to continuing our collaborative efforts with our outstanding team and esteemed members as we work towards advancing the liquid terminal industry and meeting the evolving needs of our stakeholders. In my new capacity, I aim to focus on fostering innovation, strengthening partnerships, and advocating for the industry, all with the goal of enhancing ILTA’s value to its members and driving industry progress.”
Ms. Swett’s promotion underscores ILTA’s commitment to recognising exceptional talent and empowering its employees to excel. As ILTA continues to shape the future of the liquid terminals industry, Ms. Swett’s leadership will be instrumental in driving innovation, fostering collaboration, and promoting best practices across the sector, setting a new standard for ILTA’s future endeavours.
JERA Co., Inc has announced the conclusion of an agreement with ReNew E-Fuels Private Limited, a subsidiary of ReNew Energy Global PLC, one of the largest clean energy companies globally, to jointly develop a green ammonia production project.
Under the terms of the agreement, JERA and ReNew will undertake the following:
Collaborate on the development of a project (“the project”) from basic design through detailed design for ammonia production in Paradip, Odisha, India, using approximately 500 MW of high capacity utilisation factor (CUF) renewable energy. The green hydrogen produced will serve as a raw material for generating approximately 100,000 tonnes of green ammonia annually.
Supply approximately 100,000 tonnes of green ammonia produced from the project to Japan annually with JERA.
India’s government has launched various schemes to support the green hydrogen and ammonia ecosystems under its National Green Hydrogen Mission, leveraging the country’s high potential for renewable energy. Japan’s government has also announced initiatives to accelerate the transition to clean energy.
Having fostered a strong relationship with ReNew since 2017, JERA will benefit from ReNew’s expertise in renewable energy development, while ReNew will leverage JERA’s proficiency in building full value chains.
Yukio Kani, global CEO & chair of JERA, expressed, “Since 2017, JERA has maintained a strong partnership with ReNew, and we are pleased to expand this collaboration to the next level: the first green hydrogen and ammonia development project for JERA.”
Sumant Sinha, founder, chairman, & CEO of ReNew, stated, “This collaboration marks an exciting time for both ReNew and JERA and demonstrates our commitment to accelerating the clean energy transition.”
The collaboration between JERA and ReNew underscores their dedication to bolstering the strong relationship between Japan and India while advancing their goals of achieving Net Zero and promoting green hydrogen, contributing to the global transition to a decarbonised society. JERA will accelerate renewable energy development through its subsidiary JERA Nex, contributing to the production of green hydrogen and ammonia, thereby facilitating global decarbonisation and addressing energy challenges, particularly in Asia.
Technip Energies has secured a front-end engineering design contract from Viridor for the carbon capture and storage project at one of the United Kingdom’s largest energy-from-waste facilities located in Runcorn, United Kingdom.
The primary objective of the project is to capture approximately 900,000 tonnes of CO2 annually, with half of the amount sourced from biogenic sources, resulting in the removal of 450,000 tonnes of CO2 from the atmosphere each year.
In its role in the FEED study, Technip Energies will provide a comprehensive design using the Canopy by T.EN™ solution powered by Shell CANSOLV CO2 capture technology. The Canopy offering forms part of Capture.Now™, Technip Energies’ strategic carbon capture, utilisation, and storage platform of technologies and solutions.
The Runcorn CCS project is poised to become one of the first facilities to receive funding under the UK Government’s Track 1 funding for carbon capture projects, positioning it as one of the pioneering carbon capture projects at an Energy-from-Waste facility worldwide. This marks a significant milestone in the waste sector’s contribution to carbon reduction efforts.
The plant is set to play a vital role in the regional decarbonisation strategy by supplying a stable long-term baseload CO2 supply to the HyNet industrial carbon capture cluster in North West England.
Christophe Malaurie, SVP decarbonisation solutions at Technip Energies, expressed, “With this award, Technip Energies confirms its growing leadership position as an integrated state-of-the-art CCUS solutions provider.” He highlighted the company’s commitment to delivering innovative solutions for the net-zero trajectory, leveraging its extensive experience in project design and execution along with Shell’s proven CANSOLV® technology. Malaurie emphasised the significance of capturing 900,000 metric tonnes of CO2 annually, describing it as a significant step in the waste sector towards reducing carbon emissions at scale.
James Eyton, head of CCUS at Viridor, added, “We’re delighted to have selected Technip Energies to perform the front-end engineering design study for our game-changing carbon capture project in Runcorn.” Eyton stressed the importance of finding a partner who shares Viridor’s vision for decarbonised waste treatment and possesses the experience and expertise to develop the world’s largest carbon capture project for energy from waste. He highlighted the potential of Shell CANSOLV® CO2 capture technology to achieve over 95 percent CO2 capture rates, crucial for removing over 900,000 tonnes of CO2 annually at the Runcorn site. Eyton expressed excitement about collaborating to unlock the pathway to Net Zero and beyond into negative emissions for their business, the wider industry, and the communities they serve.
Petrofac, a prominent provider of services to the global energy industry, has secured a technical services contract from Compañía Nacional de Petróleos de Guinea Ecuatorial (GEPetrol), the National Oil Company of Equatorial Guinea. This contract is designated to support the operation of the region’s Block B asset.
Valued at approximately US$350 million over five years, the contract entails Petrofac delivering technical services across onshore support bases, an FPSO, and a platform on behalf of GEPetrol, the operator. Drawing on Asset Solutions’ core services, Petrofac will provide operations, maintenance, asset integrity, integrity management, marine services, well engineering, project delivery, and supply chain services.
This contract follows Petrofac’s initial scope, supporting the transition of the asset from Mobil Equatorial Guinea Inc. Petrofac aims to retain local capability, staff, and contractors previously in place, ensuring the continuity of valuable expertise and knowledge. The management of the contract will be conducted from Malabo, with additional support from Petrofac’s technical hub in Aberdeen, UK, leveraging its extensive Duty Holder expertise.
Nick Shorten, chief operating officer of Petrofac’s Asset Solutions business, expressed anticipation for deepening the relationship with GEPetrol. He highlighted Petrofac’s strategy of selectively expanding its geographic footprint and driving value for clients through late life asset optimisation.
Antonio Oburu Ondo, Equatorial Guinea’s minister of mines and hydrocarbons, emphasised the nation’s vision of creating a fully capable, nationally-operated oil and gas company to manage assets, which is now becoming a reality through diverse partnerships and investments in the people. He underscored the collaboration between indigenous capabilities and Petrofac’s global expertise to deliver significant value for the country.
Teresa Isabel Nnang Avomo, director general of GEPetrol, hailed the contract signing as a pivotal moment in their journey towards becoming operators of Block B. She expressed excitement about growing the partnership with Petrofac and leveraging the potential of the indigenous national workforce, with Petrofac’s assistance, to build an organisation for the long-term management and development of the country’s oil and gas assets.
NGK INSULATORS, LTD. and Mitsubishi Heavy Industries, Ltd. will jointly develop a hydrogen purification system that uses membrane separation to purify from hydrogen-nitrogen mixture gas after ammonia cracking. The companies expect the technology to contribute to the establishment of a hydrogen and ammonia supply chain enabling high-volume transport.
This joint project aims to build an optimal system for purifying hydrogen using membrane separation from the mixed gas of hydrogen and nitrogen generated during from the ammonia cracking gas. MHI will contribute its significant global expertise delivering ammonia plants and other chemical plants, and its technologies for handling ammonia and hydrogen. NGK will contribute its deep knowledge of sub-nanoceramic membrane technology and unique film deposition technology developed in the fields of chemical processes and water purification, namely, the world’s largest ceramic membranes, which are known for their exceptional separation accuracy and durability. MHI and NGK are committed to driving the development forward, aiming to achieve early commercialization.Ammonia is garnering attention today as a hydrogen carrier that enables safe transport and storage of hydrogen, a fuel that emits no CO2 when combusted, in large volumes over great distances. Plans to establish supply chains are underway worldwide, notably in Europe, while in Japan a “Fuel Ammonia Supply Chain Establishment” project is in progress. This market is expected to grow in the years ahead.
MHI Group is pursuing a growth strategy in the area of energy transition, aiming for decarbonisation on the energy supply side to support the company’s goal of achieving carbon neutrality by 2040. Through the development and commercialization of a membrane separation hydrogen purification system from ammonia cracking gas will contribute to building a hydrogen and ammonia supply chain, the company will strive for the early establishment and execution of decarbonisation technologies, as a way of contributing to the realisation of a sustainable carbon-neutral world.
NGK Group has formulated a “Carbon Neutrality Strategic Roadmap” consisting of four strategies to contribute to the realisation of a carbon-neutral society and promoting the development and provision of hydrogen and Carbon dioxide capture, utilisation, and storage (CCUS)-related technologies, and products. NGK will contribute to society through our business by realising what has previously been difficult with ceramic technology at the core, and by working to the point where the key devices are implemented in society.
“By pairing BayoTech’s hydrogen solutions with Hyliion’s KARNO generator technology, we will empower customers with a cleaner, more efficient alternative to traditional diesel gensets,” said Mauricio “Mo” Vargas, president and CEO of BayoTech. “Our commitment to revolutionising the hydrogen supply chain through local production hubs aligns perfectly with Hyliion’s mission to deliver net-zero carbon electricity. Together, we’re not just challenging the status quo – we’re reshaping it for a more sustainable future.”
Jean-Baptiste Choimet (Photo copyright – Aurélie Lamachère)
Ammonia is garnering attention today as a hydrogen carrier that enables safe transport and storage of hydrogen, a fuel that emits no CO2 when combusted, in large volumes over great distances. Plans to establish supply chains are underway worldwide, notably in Europe, while in Japan a “Fuel Ammonia Supply Chain Establishment” project is in progress. This market is expected to grow in the years ahead.