Emerson, an industrial technology leader delivering advanced automation solutions, today announced AspenTech Subsurface Intelligence™ (ASI), an open, cloud-native agentic environment that incorporates AI to transform the user experience and accelerate subsurface-related decision-making while leveraging existing investments in legacy applications.

ASI’s AI-powered guidance capabilities and library of domain-specific agents operate with the industry-standard OSDU® Data Platform to automate workflows and develop insights that improve the speed from data to results and decisions. ASI fulfils a critical industry need to work in an agile, multi-disciplinary manner, optimise production and improve access to information trapped throughout various parts of the organisation.

“Silos between disciplines, software and geographies are impacting the upstream industry’s ability to make fast, effective decisions about how to maximise returns for subsurface projects,” said Dr Vikas Dhole, senior vice president of modelling and optimisation at Emerson’s Aspen Technology business. “ASI is transforming subsurface workflows by improving multi-disciplinary collaboration across the hydrocarbon extraction project lifecycle and accelerating investment decisions.

“Combined with decision support from an embedded AI advisor, ASI is enabling companies to more effectively navigate energy market volatility, overcome complex E&P challenges and empower a new generation of workers.”

ASI agents are strategically deployed as cloud-based applications with an intuitive user interface or with AI-powered guidance from Aspen Virtual Advisor. In this way, ASI enhances decision-making across all skill levels, equipping the emerging subsurface workforce to confidently handle drilling, exploration and production challenges across the oil, gas and geothermal industries.

ASI’s open and scalable cloud-native environment fits into existing subsurface software ecosystems. ASI complements other products in Emerson’s AspenTech Subsurface Science and Engineering (SSE) portfolio and third-party technical applications, thereby allowing companies to reduce operating expenditures while bringing together individual disciplines and data to improve production time and leverage previous technology investments.

For more information visit www.emerson.com

Evos Hamburg has announced significant progress in the development of a liquid CO₂ storage and handling hub, marking a new phase in the implementation of the Evos Group’s strategic vision. The project, developed in collaboration with industry partners, will strengthen the Port of Hamburg’s role in the Carbon Capture and Storage value chain.

Strategic Location Leverages Infrastructure Advantages

Located in Europe’s largest rail freight hub, Evos Hamburg offers exceptional infrastructure capabilities for the proposed CO₂ hub development. Building on the company’s experience in CO₂ storage for the food value chain and extensive expertise in liquid storage operations, the envisaged facility will serve as a central consolidation point for captured CO₂ before transportation to permanent storage sites.

The hub concept capitalises on Hamburg’s strategic position and existing logistics infrastructure to create a comprehensive solution for industrial decarbonisation needs across the region.

Shell Joins as Key Strategic Partner

Among the positive project developments, Evos has welcomed Shell as a supportive stakeholder in the CO₂ hub initiative. The multinational energy company provides carbon capture services and is actively developing offshore CO₂ storage sites, including facilities in the North Sea. Shell’s involvement positions the company as a crucial link between industrial emitters and offshore storage infrastructure.

This partnership aligns with Shell’s broader strategy in the carbon capture and storage sector while providing Evos with access to downstream storage solutions for the captured CO₂ processed through the Hamburg facility.

Technical Expertise Through Engineering Partnership

Evos has selected Nikkiso Clean Energy & Industrial Gases Group as its engineering partner for the project’s initial phase. As a global provider of cryogenic equipment and services, Nikkiso delivers advanced solutions for the liquefaction, storage, and distribution of industrial gases, including CO₂.

The company’s expertise in cryogenic technologies will be instrumental in designing advanced systems for liquid CO₂ storage and handling at the Hamburg facility. This technical partnership ensures the hub will incorporate state-of-the-art technology for safe and efficient CO₂ management.

Rail Transport Partnership Enables Scalable Solutions

The project includes collaboration with Dettmer Rail GmbH, a Hamburg-based logistics company specialising in European rail freight transport. This partnership will support the creation of a reliable and scalable “rolling pipeline” for liquid CO₂ transportation, connecting industrial sources with the storage hub and onward to permanent storage sites.

The rail transport component addresses the critical challenge of moving large volumes of captured CO₂ efficiently across European markets while minimising the carbon footprint of the transportation process itself.

Regulatory Compliance and Safety Focus

Evos maintains close coordination with authorities and stakeholders to ensure safety, regulatory compliance, and long-term viability of the CO₂ hub project. This comprehensive approach addresses the complex regulatory environment surrounding carbon capture and storage operations while establishing frameworks for safe operational practices.

Strategic Vision for Energy Transition

Michael Lübke, MD of Evos Hamburg, emphasised the project’s alignment with broader corporate strategy: “This project is fully aligned with the Evos Group vision of developing infrastructure through strategic partnerships in the energy transition. By facilitating CO₂ capture projects, we are addressing industrial decarbonisation needs and contributing together to a cleaner future.”

Market Impact and Future Development

The liquid CO₂ storage and handling hub represents a significant infrastructure investment in Germany’s carbon capture and storage capabilities. The facility will serve multiple industrial sectors seeking to reduce their carbon emissions through CCS technology, while contributing to European climate objectives.

The project demonstrates how strategic partnerships between storage specialists, energy companies, technology providers, and logistics firms can create comprehensive solutions for industrial decarbonisation challenges. The Hamburg hub is positioned to become a key node in the developing European CCS infrastructure network.

For more information visit www.evos.eu

At the headquarters of Confindustria in Rome, the sixth edition of IVS – Industrial Valve Summit was presented to the Ambassadors of African and Middle Eastern countries, in collaboration with Confindustria Assafrica & Mediterraneo. The event is scheduled to take place from 19 to 21 May 2026 at Fiera di Bergamo.

Following the welcome address by Patrizia Mauro, director general of Confindustria Assafrica & Mediterraneo, the proceedings opened with a video message from Fabrizio Lobasso, deputy director general for the promotion of Italy at the Ministry of Foreign Affairs and International Cooperation. Contributions were made by Maurizio Forte, managing director export promotion department at Italian Trade Agency, Andrea Carapellese, deputy head of UNIDO ITPO Italy, and Antonio Passarelli of AVR Anima, all of whom reaffirmed their support for the initiative and highlighted the importance of the industrial valve sector as a flagship of Italian industry.

The Summit was presented by Luca Pandolfi of Confindustria Bergamo, IVS project manager, who outlined the key themes and innovations of the 2026 edition.

The meeting concluded with a round of remarks and a networking session, during which the representatives of the Embassies in attendance expressed their strong interest in the initiative, the strategic relevance of the sector in the markets of their respective countries, and their willingness to actively promote the event by involving regional delegations – both institutional and business  – at the upcoming edition of IVS in Bergamo.

For more information visit www.industrialvalvesummit.com

Exolum has embarked upon the process for authorisation for the construction of a new terminal for storage of bulk liquid at the Outer Port of A Coruña, on the Punta Langosteira dock. This project, which would constitute an investment of over €100 million, is framed within the company’s strategy to lead the energy transition in Spain and Europe, by driving infrastructure adapted to new energy vectors.

The project is conceived as an energy transition terminal, designed to progressively adapt to market developments, regulation and industrial demand, and will be equipped to operate with both conventional products and sustainable fuels, such as renewable ammonia, captured CO₂, green methanol, SAF (Sustainable Aviation Fuel), and other biofuels.

The plans incorporate the development of a plant designed under strict criteria of safety, energy efficiency, automation and environmental sustainability. It will be distributed across two separate but connected sites, with a total capacity of approximately 165,000 m³ across 22 tanks (atmospheric, cryogenic, and pressurised) equipped to store hydrocarbons, chemical products, ammonia, and CO₂.

The proposal would include an Iberian gauge railway loading bay with a direct connection to the national network, the connection of the terminal to two berths for ships via a network of high-capacity pipes and pumps, and loading islands for tanker trucks, in addition to all auxiliary operating and safety systems.

The planned activities include the storage, blending, and dispatch of a wide range of products, like biodiesel, HVO (hydro biodiesel), bioethanol, methanol, naphtha, Sustainable Aviation Fuel (SAF), and raw materials for biofuels and traditional hydrocarbons. It also provides for the blending of these products, and multimodal distribution.

In the case of cryogenic CO₂, plans provide for reception and storage in pressurised and refrigerated conditions, and dispatch by land and maritime transport, with the possibility of a future connection by pipeline. With regard to ammonia, reception by the same routes is under study, as is the possibility of temporary reception in cryogenic tanks and subsequent distribution by different forms of transport.

This flexible and integrated multimodal logistics infrastructure will facilitate the optimisation of the regional logistics system, improve operating efficiency and guarantee a secure and sustainable energy supply for Galicia and the northwest of the Iberian peninsula. Given the complexity of the planned infrastructure, and the types of products to be stored, a scaled implementation is planned, with operations forecast to begin in 2029.

This future terminal would turn the Port of A Coruña into a leading logistics hub at national and European level, thanks to its strategic location on routes to Northern Europe, America, the south of the continent and the Middle East.

For Jorge Guillén, Aviation & Spain Network Lead, “this initiative reflects Exolum’s firm commitment to the development of new logistics infrastructure in Spain, to tackle the challenges and opportunities of the energy transition.  The Outer Port of A Coruña offers exceptional operating conditions, with a privileged location, maritime access and a multimodal connection that makes it the ideal location of projects like this one.

Exolum is confident this installation will contribute to the competitiveness of the industry and the Galician economy, fostering the creation of qualified jobs in the construction and operation phase and attracting industrial investment linked to the decarbonisation of the sector and green molecules.

With this initiative, Exolum reaffirms its commitment to innovation, sustainability and the development of advanced logistics solutions at the service of the energy transition.”

For more information visit www.exolum.com

Quantem, the leading independent bulk liquid storage and handling company in Australia and New Zealand, has officially opened its expanded Pelican Point Terminal in Adelaide following the completion of a major $52 million infrastructure project. The expansion adds 90,000 cubic metres of new diesel storage capacity to the facility, significantly enhancing South Australia’s fuel security capabilities.

The landmark project involved the design and construction of three 30,000 cubic metre diesel storage tanks along with associated infrastructure to support critical transport and infrastructure requirements across the region. The expansion positions the terminal as a strategic asset for meeting South Australia’s growing fuel storage needs.

Strategic Investment in Fuel Security

At the ceremony marking the official opening of the expanded terminal, Quantem CEO Nick Moen emphasised the project’s significance for Australia’s fuel security. “This is a major milestone in Quantem’s longstanding commitment to enhancing Australia’s fuel security,” Moen stated. “The expansion at Pelican Point ensures reliable, long-term fuel supply for South Australian businesses who depend on diesel for their everyday operations.”

The enhanced capacity addresses critical supply chain needs for businesses across South Australia, providing greater storage resilience and supply reliability for sectors that depend heavily on diesel fuel for their operations.

Future-Ready Infrastructure

Moen highlighted the terminal’s strategic positioning for future industry developments and energy transition initiatives. “This enhanced capacity also positions the terminal as a critical hub for future growth in the sector, including further potential for renewable fuels which is an important aspect of supporting energy transition for South Australia,” he explained.

This forward-looking approach reflects the evolving energy landscape and the increasing importance of infrastructure that can accommodate both traditional and alternative fuel sources as the energy sector transitions toward more sustainable solutions.

Strategic Partnership with Ampol

Michele Bardy, Ampol’s executive general manager of infrastructure, emphasised the importance of the partnership and the terminal’s role in the company’s supply chain. “Ampol is committed to safely and reliably supplying fuel to our customers, and Pelican Point terminal is a critical asset which supplies fuel to our South Australian customers,” Bardy stated. “We are proud to work with Quantem to increase diesel storage at this site and enhance our supply chain.”

The collaboration demonstrates how strategic partnerships between fuel retailers and storage operators can strengthen regional fuel security while improving operational efficiency across the supply chain.

Engineering Excellence and Collaboration

Mark Benson, MD and CEO of Saunders, highlighted the collaborative nature of the project’s success. “This project highlights what can be achieved through genuine collaboration,” Benson commented. “By uniting Saunders’ engineering and operational expertise with Quantem’s vision, we delivered a high-quality outcome that strengthens South Australia’s fuel security and supports Australia’s energy future.”

Benson described the project as “a landmark result and a testament to an impressive team effort,” reflecting the complex coordination required to successfully deliver large-scale infrastructure projects within operational terminals.

Government Support and Industry Partnership

The project received significant support through co-funding from the Federal Department of Industry’s Boosting Australia’s Diesel Storage Program. This government backing demonstrates the strategic importance placed on enhancing Australia’s fuel storage capabilities and energy security infrastructure.

The federal support program recognises the critical role that adequate fuel storage capacity plays in maintaining supply chain resilience and supporting economic activity across different regions of Australia.

Regional Impact and Economic Benefits

The expanded Pelican Point Terminal provides substantial benefits for South Australian businesses and the broader regional economy. The increased storage capacity ensures more reliable fuel supply chains, reducing potential disruptions that could impact industries ranging from transportation and logistics to mining and agriculture.

The project also represents a significant infrastructure investment in South Australia, supporting local employment during construction and providing long-term operational benefits for the state’s energy security.

Industry Leadership and Innovation

Quantem’s investment in the Pelican Point expansion reinforces the company’s position as a leading bulk liquid storage operator in the Australia-New Zealand region. The project demonstrates the company’s commitment to investing in infrastructure that meets both current market needs and future industry requirements.

The facility’s design consideration for potential renewable fuel applications positions it as a forward-thinking asset that can adapt to evolving energy market demands while continuing to serve traditional fuel storage requirements.

For more information visit www.quantem.com.au

North Atlantic France SAS has entered into a definitive agreement with ExxonMobil France Holding SAS to acquire ExxonMobil’s entire stake in Esso Société Anonyme Française SA (Esso S.A.F.) and ExxonMobil Chemical France SAS. The agreement follows exclusive negotiations that began in May 2025 and represents a significant step in North Atlantic’s strategy to establish a long-term presence in France.

Strategic Acquisition Supports European Energy Security

The transaction marks an important milestone in North Atlantic’s project to contribute to European energy security, industrial resilience, and energy transition initiatives. The acquisition centres on the Gravenchon refinery complex, positioning North Atlantic to strengthen France’s domestic energy capabilities while supporting the transition to lower-carbon solutions.

Ted Lomond, President and CEO of North Atlantic and President of North Atlantic France, emphasised the long-term commitment underlying the acquisition: “Our commitment to France is long-term. By building on Gravenchon’s record of industrial excellence, we aim to strengthen energy security and resilience while accelerating the transition to lower-carbon solutions. This project reflects our ambition to grow North Atlantic into a premier transatlantic energy company, with strong foundations on both sides of the Atlantic.”

Transaction Structure and Regulatory Requirements

The completion of the acquisition remains subject to customary regulatory conditions, including foreign direct investment control approvals in France and finalisation of certain financing arrangements. The transaction is expected to close in Q4 2025, following satisfaction of these conditions.

Simon Fenner, CEO of North Atlantic France, confirmed the company’s commitment to completing the transaction: “With the signing of this agreement, North Atlantic reaffirms its ambition to consolidate the Gravenchon site and provide it with an ambitious development plan to serve the French energy and industrial sectors. We are firmly committed to completing the transaction by year-end.”

Mandatory Tender Offer and Shareholder Distributions

As announced in May 2025, North Atlantic will file a mandatory tender offer for the remaining shares of Esso S.A.F. following completion of the controlling block acquisition, offering the same financial terms to minority shareholders. The Board of Directors of Esso S.A.F. has scheduled a shareholders meeting for November 4, 2025, to approve a proposed distribution of reserves amounting to €60.21 per share, with payment scheduled for November 14, 2025.

Price Adjustments Reflect Negotiated Terms

During negotiations between ExxonMobil and North Atlantic, the parties agreed to a downward adjustment of the purchase price for the controlling block to reflect certain social liabilities. This adjustment will not affect the price offered to minority shareholders in the mandatory tender offer.

The final acquisition price will incorporate several adjustments, including downward adjustments to reflect cash distributions by Esso S.A.F. totalling €113.21 per share (comprising a €53 per share dividend paid in July 2025 and the proposed €60.21 per share distribution scheduled for November 2025).

Additional adjustments include an upward ticking fee mechanism corresponding to accrued interest on specified base amounts, and potential adjustments reflecting changes in the euro value of Esso S.A.F.’s inventory based on crude oil valuations.

Employment and Operational Continuity

North Atlantic has reiterated its commitment to delivering a comprehensive and well-managed transition, with intentions to maintain employment levels and preserve existing compensation and benefits for employees. The company’s approach emphasises operational continuity during the ownership transition.

Market Impact and Future Outlook

The acquisition represents a significant consolidation in the French refining sector, with North Atlantic positioning itself as a key player in European energy markets. The transaction’s completion will establish North Atlantic’s operational presence in France while supporting the country’s energy infrastructure and transition objectives.

The final purchase price will be definitively established prior to transaction completion and communicated to the market accordingly, with closing anticipated in Q4 2025 subject to regulatory approvals and financing finalisation.

For more information visit www.northatlantic.ca

EXMAR has announced the signing of contracts with Regasificadora Del Pacífico S.A.S. for the deployment of a floating storage unit on Colombia’s west coast. The agreement represents a significant development in Colombia’s energy infrastructure, supporting the country’s efforts to enhance energy security through diversified gas supply sources.

RDP is developing a fast-track LNG import solution in the inner bay of Buenaventura, operating under a term contract signed with Ecopetrol S.A. in February 2025. The arrangement will provide regasification and logistics services for a volume of 60 million cubic feet per day of gas, addressing Colombia’s growing energy needs through imported LNG.

Innovative Logistics Solution

The project employs an innovative approach to LNG importation and distribution. The solution centres on the deployment of a floating LNG storage and offloading unit, where LNG will be transferred from LNG carriers and subsequently loaded into isotainers for transportation to the port of Buenaventura D.E. by barge.

From the port, the isotainers will be loaded onto trucks and transported to the regasification plant in Buga, where the LNG will be regasified and injected into Colombia’s National Transport System. This multi-modal logistics approach enables efficient distribution of imported gas throughout the country’s existing infrastructure network.

The solution provides Ecopetrol with access to a new source of imported gas, contributing significantly to Colombia’s overall energy security by diversifying supply sources and reducing dependence on domestic production alone.

Contract Structure and Operations

Under the agreement, EXMAR will lease the FSU to RDP while providing comprehensive operational support. EXMAR’s experienced operation and maintenance teams have been entrusted with the management of the FSU under contracts with a firm duration of 5 years, including options to extend the arrangement beyond the initial term.

The contracts were formally signed in Eemshaven, the Netherlands, during a visit by Colombian stakeholders to the LNG import facility of EemsEnergyTerminal, where EXMAR’s Eemshaven LNG unit is currently deployed. This location provided an opportunity for the Colombian delegation to observe similar operations in practice.

Project Timeline and Conditions

The Buenaventura LNG project and underlying contracts with EXMAR remain subject to final investment decision and other customary conditions precedent. These conditions are expected to be resolved in the fourth quarter of 2025, enabling the project to move forward to implementation and deployment phases.

The timeline reflects the complex nature of international LNG infrastructure projects, which require comprehensive regulatory approvals and financial arrangements before proceeding to operational phases.

Leadership Perspectives

Carl-Antoine Saverys, EXMAR’s CEO, expressed enthusiasm about the partnership opportunity. “EXMAR is excited to embark on this journey with the experienced project development teams of the RDP group,” Saverys stated. “We are confident that the combined strengths of EXMAR’s expertise and RDP’s project development experience in Colombia will offer an innovative LNG import solution.”

Oscar Isaza, RDP’s president, emphasised both the commercial and community significance of the agreement. “The signing of this contract not only marks a milestone for RDP as a maritime logistics company, but it is even more significant and decisive to have the endorsement of more than 60 community, union, educational, and institutional leaders from Buenaventura and Buga,” Isaza explained.

Community Engagement and Sustainable Development

Isaza highlighted the importance of community support and responsible project implementation. “For RDP it is essential to partner with EXMAR to coordinate and implement the project in a responsible way,” he noted. “Today, we strengthen the integration of both companies and demonstrate the sustainable development we can achieve by working together.”

The broad community endorsement, spanning more than 60 community, union, educational, and institutional leaders from both Buenaventura and Buga, demonstrates the project’s potential positive impact on local communities and regional economic development.

Strategic Significance

The partnership between EXMAR and RDP represents a strategic collaboration that combines international LNG expertise with local project development capabilities. EXMAR brings extensive experience in floating LNG infrastructure and operations, while RDP contributes deep knowledge of Colombian regulatory environments and logistics networks.

The project supports Colombia’s broader energy strategy by providing flexible, scalable access to international LNG markets, enhancing the country’s ability to meet growing gas demand while maintaining energy security through supply diversification.

For more information visit www.exmar.com

GMA Garnet Group (GMA), the industrial garnet business unit of diversified industrial conglomerate Jebsen & Jessen Group and the world’s largest fully integrated garnet company, has celebrated the first anniversary of its Malaysian distribution hub in Port Klang. The facility, which commenced operations in June 2024, has rapidly become a cornerstone of the company’s Asia-Pacific strategy.

Strategic Hub Captures Majority of Asian Trade

Since opening, the Port Klang facility has scaled dramatically to handle 71 percent of GMA’s Asia garnet trade, establishing itself as a strategic gateway that accelerates growth and expands access to high-demand industrial markets across the region. The hub serves GMA’s entire APAC market, positioning Malaysia as an increasingly significant player in global industrial trade.

(From left) Arno Taljaard (APAC supply chain manager), Flynn Cowan (general manager, international sales & marketing, GMA Garnet Group), Heinrich Jessen (Chairman, Jebsen & Jessen Group), and Shashi Kumar (APAC sales & marketing manager, GMA Garnet Group) at the company’s Port Klang distribution facility

The expansion comes at an opportune time to serve high-growth markets across North East Asia (NEA) and South East Asia (SEA). The Asia Pacific construction market is expected to grow at a compound annual growth rate of 6.8 percent from 2025 to 2030, driven by significant investments in transportation, energy, infrastructure, and urban development projects.

Operational Excellence Drives Regional Performance

Strategically located at the crossroads of key regional markets and leveraging Port Klang’s growing capabilities, the Malaysian distribution hub has delivered significantly faster lead times by up to 21 days, broader market coverage, and substantial increases in regional delivery volumes to meet growing demand for high-performance abrasives.

The facility implements rigorous industry-leading quality control and assurance processes, supported by comprehensive training programmes to ensure the highest standards for garnet products. Recent safety enhancements have further strengthened operational capability, including the installation of guards around all conveyors and upgraded operational processes, ensuring safer and more efficient production of high-performance abrasive solutions.

Innovation Platform for APAC-Specific Solutions

Flynn Cowan, general manager of International sales & marketing at GMA Garnet Group, emphasised the hub’s strategic importance: “Our Malaysian Hub in Port Klang has been a crucial part of GMA’s growth across APAC and serves as more than a transit point. It enhances our supply chain and service capabilities, and enables us to introduce abrasive innovations specifically tailored to APAC’s industrial challenges. Looking ahead, we plan to enhance our Malaysian distribution hub further and continue growing our APAC footprint from Port Klang.”

Earlier in 2024, GMA launched ToughBlast™ through the Malaysian distribution hub as the sole port for this latest product and its complementary range of engineered abrasive blends customised for the APAC region. The premium garnet abrasive, engineered for extreme surface preparation environments, serves industries including oil & gas (onshore and offshore), shipyard maintenance and repair, water and wastewater treatment, and energy generation.

Product Innovation Delivers Measurable Performance Gains

Designed for longer blasting cycles and faster cleaning rates, ToughBlast™ has demonstrated up to 30 percent higher productivity compared to conventional slag abrasives in key trial applications. The launch is complemented by a comprehensive range of engineered abrasive blends tailored to APAC working conditions, including GMA NewSteel™, GMA SpeedBlast™, GMA PremiumBlast™, and GMA ExtremeBlast™. These solutions offer lower dust abrasive blasting, reduced abrasive consumption, and lower operational costs through improved blasting efficiency.

Leadership Strengthened for Regional Growth

GMA has announced key leadership appointments to strengthen its position and support growing APAC market needs. Shashi Kumar has been appointed as APAC Sales and Marketing Manager, bringing over two decades of global and regional experience to the role. His proven leadership, strategic insight, and market knowledge will be instrumental in strengthening customer relationships and expanding the company’s regional presence.

The first anniversary milestone demonstrates GMA’s successful execution of its APAC expansion strategy, with the Malaysian hub serving as a model for regional distribution excellence while supporting the company’s position as the world’s leading integrated garnet producer.

For more information visit www.gmagarnet.com

Optimized Process Designs LLC (OPD) has announced that Train 1 of a new ethane export terminal on the Texas Gulf Coast has entered active service following successful facility turnover after full EPC execution on a greenfield site. The achievement marks the completion of the first phase of one of the largest ethane export facilities in the world.

Comprehensive Greenfield Development

The grassroots facility was designed to accommodate two trains of ethane processing, with built-in flexibility allowing Train 2 to be utilised for propane service. This dual-capability design provides operational versatility for the facility’s long-term commercial operations.

The project encompasses sophisticated processing equipment including large dehydration and demethanizer systems, high horsepower refrigeration units, and BOG (boil-off gas) compressors. These systems are supported by robust balance-of-plant infrastructure and large-scale utilities, all engineered to meet demanding capacity requirements and tight schedule constraints.

Engineering Excellence Under Pressure

The facility represents a significant engineering achievement, featuring high reliability processing units designed to handle substantial throughput volumes. The project required careful coordination of complex systems while maintaining strict adherence to delivery timelines in a competitive market environment.

OPD executed the complete engineering, procurement, and construction scope for the greenfield development, managing the technical complexity of integrating multiple processing trains with supporting infrastructure. The successful commissioning of Train 1 demonstrates the company’s capability to deliver large-scale hydrocarbon processing facilities from concept through operational handover.

Strategic Market Position

The completion of Train 1 establishes a significant new capacity addition to the Texas Gulf Coast’s ethane export infrastructure. The facility’s strategic positioning and processing capabilities position it to serve growing international demand for US ethane exports.

According to the company, successfully completing this first phase reflects OPD’s commitment to delivering complex projects with integrity and excellence. The achievement reinforces the firm’s position as a specialist in large-scale petrochemical facility development and complex process engineering solutions.

The operational commencement of Train 1 represents a major milestone for both OPD and the broader US ethane export sector, with the facility’s full two-train capacity expected to contribute significantly to regional processing capabilities once Train 2 becomes operational.

For more information visit www.opdepc.com

NewMarket Corporation has announced the execution of a definitive purchase agreement to acquire Mars TopCo, LLC, the ultimate parent company of Calca Solutions, LLC. The acquisition adds a leading manufacturer of specialised chemicals to NewMarket’s portfolio while expanding the company’s presence in the defense and aerospace sectors.

Calca Solutions, currently a portfolio company of AE Industrial Partners, LP, operates as the leading U.S. manufacturer of UltraPure and high purity hydrazine—mission critical chemicals utilised across a wide range of applications. The Louisiana-based company has established itself as a key supplier to both government and commercial customers requiring the highest quality chemical products.

Strategic Market Position and Applications

Based in Lake Charles, Louisiana, Calca has developed particular expertise in producing chemicals essential for space applications. The company’s products serve as crucial components for in-space propulsion systems used by satellites, space probes, and other space vehicles, making it an integral part of the modern space economy.

The company has maintained a long-standing relationship with the Department of Defense, serving as a supplier to the Defense Logistics Agency – Energy for over 70 years. This extensive government partnership demonstrates Calca’s reliability and the critical nature of its products for national defense applications.

Beyond aerospace applications, Calca’s hydrazine derivatives serve vital functions in the manufacture of products across diverse industries, including agricultural, pharmaceutical, water treatment, and various industrial applications. This market diversification provides stability and growth opportunities across multiple sectors.

Strategic Fit with NewMarket’s Portfolio

The acquisition aligns with NewMarket’s strategic objectives for diversification and expansion into resilient market sectors. NewMarket, which has operated in manufacturing since 1887 and specialised in chemicals for nearly 100 years, brings extensive experience and resources to support Calca’s continued growth.

Thomas E. Gottwald, NewMarket’s chairman and CEO, emphasised the strategic value of the acquisition. “We are excited about the opportunity to acquire Calca and adding it to the NewMarket family. With skilled people and sustainable advantages in vital markets, it is a terrific fit with our acquisition and diversification criteria,” Gottwald stated.

Building Defense and Aerospace Capabilities

The Calca acquisition represents NewMarket’s second recent expansion into the defense and aerospace industries, reflecting the company’s strategic focus on these high-value market segments. Gottwald highlighted the company’s commitment to supporting customers across these critical sectors.

“Calca is our second recent acquisition in the defense and aerospace industries, and we intend to use our technological capability, financial strength, and ultra long-term investment horizon to be the right long-term partner for our defense, aerospace, and all other customers,” Gottwald explained.

This approach leverages NewMarket’s established capabilities in research, development, and testing to provide comprehensive solutions tailored to customer needs across multiple industries.

Company Heritage and Customer Focus

NewMarket emphasises its long-term commitment to its workforce, safety standards, innovative customer solutions, and social responsibility. The company’s extensive research, development, and testing expertise enables close collaboration with customers to deliver advanced products, comprehensive testing programmes, and superior technical solutions customised to individual requirements.

This customer-centric approach has supported NewMarket’s growth and market position across its nearly century-long presence in specialty chemicals, providing a foundation for integrating and growing acquired businesses like Calca.

Transaction Details and Timeline

The acquisition is scheduled to close in 2025, subject to satisfaction or waiver of customary closing conditions, including clearance under the Hart-Scott-Rodino Antitrust Improvements Act of 1976. NewMarket plans to finance the acquisition using available cash reserves and borrowings under its existing revolving credit facility.

The transaction structure reflects NewMarket’s financial strength and ability to execute strategic acquisitions while maintaining operational flexibility for future growth initiatives.

The addition of Calca Solutions strengthens NewMarket’s position in mission critical chemicals while providing access to specialised markets where quality, reliability, and long-term partnerships are essential for success. The acquisition positions both companies to capitalise on growing demand for specialised chemicals across aerospace, defense, and industrial applications.

For more information visit www.newmarket.com

Alfa Laval Aalborg Header-Coil A/S, a collaboration between heat exchanger manufacturers Alfa Laval and Aalborg CSP, has introduced its inaugural product in the realm of energy storage. The header-and-coil heat exchanger is specifically engineered for large-scale thermal energy storage systems, boasting high thermal efficiency, a compact design, and exceptional reliability under cyclic operating conditions.

The design emphasises cyclic operation with a fully welded header-and-coil configuration that features a distinctive serpentine tube arrangement, maximising the heat transfer surface while maintaining a compact footprint. This innovative structure allows the serpentine tubes to flex and accommodate thermal expansion during cyclic operation, ensuring long-term reliable performance.

These header-and-coil heat exchangers are adept at managing high temperatures and pressures, making them particularly suitable for thermal energy storage systems that operate intermittently, such as those based on molten salt.

Alasdair MacIver, head of energy storage at Alfa Laval, highlighted the advantages of this technology: “With the header-and-coil technology, we are introducing a solution that addresses the specific challenges of thermal energy storage. The fluctuating nature of renewable energy sources like wind and solar often leads to fatigue issues in conventional heat exchangers. Our unique design overcomes this, offering high capacity, compact size, and unmatched reliability. We are convinced it will be a valuable asset for system builders developing next-generation sustainable energy infrastructure.”

The header-and-coil heat exchangers can serve multiple functions, including economisers, evaporators, superheaters, and reheaters. They are available as standalone components or as complete, fully customised steam generation systems, which encompass all necessary heat exchangers, a steam drum, and piping. These systems, based on natural circulation, ensure stable operation while minimising operational and capital expenditures.

For more information about the Alfa Laval Aalborg header-and-coil heat exchangers, visit www.alfalaval.com/header-and-coil.

For further inquiries, please contact Anne Baymont, product portfolio manager, at anne.baymont@alfalaval.com.

The Wolfe Power Club Podcast has launched its second season, featuring three exclusive episodes that include discussions with Michael Gove, insights into Toyota’s Hydrogen Hilux, and an interview with Brazil’s Ambassador to the UK. This season marks the beginning of the countdown to the 2025 Spectator Energy Summit.

Listeners can expect in-depth conversations focused on energy investment in today’s episodes:

1. Michael Gove – Capitalism, Climate & the North Sea
In this episode, former Secretary of State and current Spectator Editor Michael Gove discusses the potential of capitalism to address climate change, the necessity for Britain to adopt green policies, and the crucial role of the North Sea in the energy transition. [Listen here](https://podcasts.apple.com/gb/podcast/wolfe-power-club-podcast/id1768249172?i=1000727962268).

2. Toyota’s Hydrogen Future
Jon Hunt, Toyota’s hydrogen lead, joins the podcast to explore the ongoing significance of hydrogen in mobility. The episode features a test drive of the Hydrogen Hilux at the renowned UTAC Millbrook proving ground and a discussion on the future vehicle mix. [Listen here](https://podcasts.apple.com/gb/podcast/wolfe-power-club-podcast/id1768249172?i=1000727962132).

3. Brazil’s Climate Diplomacy
Ambassador Antonio de Patriota shares his perspectives on Brazil’s energy transition, COP30, the future of climate diplomacy, and his respect for Pope Francis. [Listen here](https://podcasts.apple.com/gb/podcast/wolfe-power-club-podcast/id1768249172?i=1000727962069).

Looking ahead in Season Two, upcoming episodes will feature Baroness Luciana Berger discussing her role as chair of the new Energy Storage Association, insights from the Road Haulage Association on the trucking industry’s energy mix, and dispatches from Climate Week NYC and the UK party conferences.

Last season, the Wolfe Power Club achieved notable success, reaching #7 in Apple’s business charts and #1 in the energy category, with the most popular episode attracting 441,000 listeners. This year, the goal is to reach half a million listeners, and the team invites audiences to join them on this journey.

For more information visit www.wolfepowerclub.com

Vallourec has presented its Safety Awards 2025 to two exemplary operations that have demonstrated exceptional health and safety performance as part of the company’s CAP 2030 roadmap. The awards recognise the outstanding achievements of Vallourec Florestal in Brazil and the Vallourec Oil & Gas Uganda yard, reflecting the company’s global commitment to deploying safety standards strengthened by its “Together We’re Safer” health and safety culture.

The multinational steel pipe manufacturer emphasises that safety represents a fundamental prerequisite rather than an optional consideration across all operations. This philosophy underpins the company’s approach to recognising teams that have demonstrated exemplary safety performance through measurable results and cultural transformation.

Vallourec’s operations in Uganda achieved a remarkable milestone by completing 1,085 consecutive days without a single accident. Operating in a geographically and operationally complex environment, the Uganda team established a strong health and safety culture from the facility’s inception, setting high standards that distinguished it among Vallourec’s global network of plants and service centres.

Alejandro Baiz, global sales & operations optimisation, presented the award to the Uganda team, praising their unwavering commitment to safety, discipline, and teamwork. The recognition acknowledged the team’s ability to maintain exceptional safety standards while building operations under challenging conditions.

Erwan Le Gouadec, managing director of Vallourec Oil and Gas Uganda, emphasised the significance of the recognition for the team, noting that Uganda had set elevated safety standards from the beginning despite being a relatively modest operation compared to other Group sites. The achievement reflects the successful integration of safety protocols into every operational aspect.

Nicolas Incarnato, group vice president of health & safety, highlighted the team’s safety-first mindset and their success in building a site from scratch under challenging conditions. He commended their ability to embed safety into every action while maintaining a clearly visible culture of continuous improvement that extends beyond mere compliance to encompass leadership excellence and operational mindset.

Vallourec Florestal in Brazil received its Safety Award 2025 based on outstanding health and safety performance evaluated through multiple criteria, including safety results, prevention performance indicators, standards implementation, and qualitative assessment conducted by an evaluation jury. All assessment criteria aligned with the company’s CAP 2030 roadmap objectives.

Bertrand Frischmann, group chief operations officer, presented the award to André Dezanet, general manager of Vallourec Florestal, during the 2nd Accident Prevention Plan Meeting in Curvelo, Minas Gerais. The recognition followed a period of significant transformation in the Brazilian operation’s safety culture.

After experiencing challenging times, the Florestal team implemented a comprehensive transformation of its safety culture through strong leadership and renewed commitment. Nicolas Incarnato noted that the team made a bold decision to elevate their safety performance, resulting in visible progress, undeniable momentum, and a culture that embraces safety as a continuous journey rather than a destination.

The transformation achieved by Vallourec Florestal has positioned the Brazilian unit as a global reference for health and safety within the Group, reinforcing its commitment to operational excellence and employee welfare. The recognition demonstrates how organisations can successfully transform safety cultures through dedicated leadership and systematic implementation of improved practices.

Both award-winning teams exemplify Vallourec’s “Together We’re Safer” culture, having achieved significant step changes in safety performance during the previous year. Their achievements demonstrate that effective safety management extends beyond rule compliance to encompass leadership, mindset, and collective responsibility across all organisational levels.

The recognition of these two geographically diverse operations underscores Vallourec’s global commitment to safety excellence while highlighting how different teams can achieve outstanding results through tailored approaches that address their specific operational contexts and challenges.

Vallourec’s Safety Awards 2025 celebrate achievements that inspire continued excellence across all company sites, reinforcing the principle that safety excellence requires consistent commitment, strong leadership, and a culture that prioritises employee welfare alongside operational performance.

For more information visit www.vallourec.com

CMS has announced the receipt of its first task order under the US Air Force’s $2.5 billion Worldwide Petroleum, Oil, and Lubricants (POL) Multiple Award Task Order Contract (MATOC). This initial project is valued at $13.5 million and involves the repair of Tanks A-20 and A-21 at Andersen Air Force Base in Guam.

As part of this contract, CMS will deliver engineering, supervision, and construction services aimed at repairing, maintaining, and upgrading the fuel storage tanks. The scope of work includes the abatement of hazardous materials, coating repairs, structural modifications, and utility coordination. Additionally, CMS will oversee tank cleaning, hazardous material disposal, and the calibration and certification of the tanks to ensure they are ready for service. The company plans to utilise corrosion-resistant materials to withstand Guam’s challenging environmental conditions, ensuring the long-term resilience and reliability of the system.

Ernest Enrique, CEO and chairman of CMS Corporation, commented, “This first task order award under the Worldwide POL MATOC demonstrates CMS’s role as a trusted partner to the US Air Force. Our work will help ensure Andersen AFB maintains the fuel infrastructure needed to sustain vital missions across the Pacific.”

For more information visit www.cmscorp.com

Group-AQ has announced that its US operations are now fully operationally ready for cryogenic degassing and purging activities following a significant expansion of its equipment fleet. The company has added mobile cryogenic tanks and ambient vapourisers to its operational capacity, enabling comprehensive service delivery across the United States in addition to its growing filtration services portfolio.

The fleet expansion represents a strategic enhancement to Group-AQ’s service capabilities, allowing the company to support multiple client locations simultaneously. This increased operational capacity addresses growing market demand for specialised cryogenic services while strengthening the company’s ability to deliver concurrent projects across diverse geographic locations.

Group-AQ brings substantial experience to its expanded US operations, having completed nearly 1,000 successful operations globally across various industrial applications. The company’s expertise spans multiple asset types including ISO tanks, railcars, barges, tankers, pipelines, and shore facilities, demonstrating versatility in handling complex industrial cleaning and preparation requirements.

The company’s service portfolio encompasses degassing, purging, and filtration services, with particular emphasis on delivering solutions that support environmental sustainability objectives. Group-AQ’s operations are designed to prevent emissions, avoid disposal requirements, and support cleaner industrial operations, aligning with industry trends toward more environmentally responsible practices.

The enhanced US capabilities position Group-AQ to serve clients requiring specialised cryogenic services across the American market. The company’s approach combines technical expertise with operational reliability, factors that have contributed to its track record of successful project completions across global markets.

Group-AQ’s US team operates from Pasadena, Texas, providing regional access for clients requiring degassing, purging, and filtration services. The company emphasises its commitment to delivering quality service while supporting clients’ operational and environmental objectives through its specialised industrial cleaning and preparation solutions.

The expansion reflects Group-AQ’s confidence in the US market for cryogenic services and its commitment to meeting growing demand for specialised industrial services that support both operational efficiency and environmental compliance requirements. With its enhanced fleet capacity and proven operational experience, the company is positioned to serve as a comprehensive solution provider for complex industrial cleaning and preparation projects across the United States.

For more information visit www.Group-AQ.com

Canada’s data centre market is experiencing a significant breakout phase, with total IT capacity exceeding 10 GW across various stages, including live, under construction, committed, and early-stage projects. This rapid transition from steady growth to exponential expansion marks a pivotal moment for the industry.

The latest Market Spotlight report offers a comprehensive overview of this transformation, identifying key opportunities for operators, investors, and developers.

Importance of the Report: Strategic Insights for Decision-Making

This complimentary report provides valuable insights, including:

– Market Scale: Over 75 percent of Canada’s data centre capacity is concentrated in early-stage and committed phases, indicating a robust forward pipeline.
– Core Hubs: Toronto, Montreal, and Alberta are responsible for 93 percent of the national IT load.
– Wonder Valley Development: Alberta’s landmark 5.6 GW project, financed by O’Leary Ventures, represents the largest single project ever announced in Canada.
– Sustainability Edge: With 60 percent of its power sourced from hydropower, Canada boasts one of the cleanest and most cost-effective energy profiles globally.
– Market Dynamics: Vantage, Cologix, and Compass currently dominate live capacity, while O’Leary and Beacon are emerging as key players with AI and GPU-focused developments.

Key Highlights from the Report
– 10 GW+: Total IT capacity tracked across Canada
– 93 percent: Share of IT load in Toronto, Montreal, and Alberta
– 5.6 GW: Capacity of Wonder Valley, Canada’s largest single project
– 60 percent: National power derived from hydropower
– 2027: Timeline for AI and GPU-focused builds to impact market leadership

Download the Complimentary Report Today
The Canada Market Spotlight equips stakeholders with the insights necessary to navigate one of North America’s fastest-growing data centre markets. Whether entering the region or expanding operations, this report offers the intelligence needed to make informed decisions.

For more information visit www.dcbyte.com

Metso has announced the signing of an agreement to acquire Q&R Industrial Hoses, a privately owned Australian company that specialises in the manufacture of pinch valve sleeves, rubber hoses, and other rubber products and linings. The strategic acquisition represents another significant step in Metso’s commitment to delivering comprehensive, end-to-end slurry handling solutions and services to its global customer base.

The acquisition builds upon Metso’s recent expansion efforts, following the company’s 2024 acquisition of Jindex Pty Ltd., which enhanced its valve and process control offerings. The addition of Q&R Industrial Hoses is expected to further strengthen Metso’s portfolio and manufacturing capabilities in the slurry handling sector.

Strategic Value and Long-Standing Partnership

Christian Trulsson, director of valves and hoses at Metso, emphasised the strategic importance of the acquisition and the existing relationship between the companies. “We have had a long relationship with Q&R, which has served Metso as a critical rubber parts manufacturing partner,” Trulsson explained. “Slurry hoses and pinch valve sleeves manufacturing are now being brought in-house, which will improve both our product range and customer service capability throughout the value chain.”

The integration of Q&R’s manufacturing capabilities will enable Metso to offer more robust and reliable slurry handling solutions specifically tailored to the demanding requirements of the mining and minerals sectors. This vertical integration approach allows the company to maintain greater control over quality, delivery times, and customer service standards.

Complementary Expertise and Innovation

Brett Robinson, general manager and owner of Q&R Industrial Hoses, expressed enthusiasm about joining the Metso organisation. “Joining forces with Metso marks an exciting new chapter for Q&R Industrial Hoses,” Robinson stated. “Our expertise in speciality swivel hoses will complement Metso’s slurry handling solutions. We are delighted to become part of the Metso family and look forward to working together to deliver innovative, customer-focused solutions to the mining and minerals sectors.”

The combination of Q&R’s specialised manufacturing expertise with Metso’s comprehensive solution portfolio is expected to create enhanced value propositions for customers in the mining industry, where reliable slurry handling equipment is critical for operational efficiency and safety.

Transaction Details and Timeline

The acquisition is scheduled to be completed during the fourth quarter of 2025, subject to customary closing conditions. Both parties have agreed not to disclose the transaction value, though Metso has indicated that the deal will have no material impact on the company’s financial position.

This confidential approach to transaction valuation is common in strategic acquisitions where the primary value lies in operational synergies and market positioning rather than immediate financial impact.

Comprehensive Slurry Handling Solutions

The acquisition aligns with Metso’s broader strategy of offering complete solutions for slurry handling applications. The company’s current portfolio encompasses a comprehensive range of equipment and services, including slurry pumps, pipes, hoses, valves, and hydrocyclones, as well as optimisation and maintenance services.

In recent years, Metso has strategically globalised its slurry hose supply chain and established an extensive network of manufacturing and service centres positioned close to key mining markets worldwide. This geographic expansion has enhanced the company’s ability to provide responsive, localised support to mining operations across different regions.

Market Position and Future Outlook

The acquisition of Q&R Industrial Hoses represents Metso’s continued commitment to strengthening its position as a leading provider of slurry handling solutions to the global mining industry. By bringing critical rubber parts manufacturing in-house, the company aims to improve product quality consistency, reduce supply chain dependencies, and enhance its ability to customise solutions for specific customer applications.

The integration is expected to create opportunities for cross-selling and expanded service offerings while providing Q&R’s existing customers with access to Metso’s broader portfolio of mining equipment and services. This strategic combination reflects the ongoing consolidation trend in the mining equipment sector, where companies are seeking to offer more comprehensive solutions to meet the evolving needs of mining operations worldwide.

For more information visit www.metso.com

HES Bulk Terminal Rotterdam has successfully completed a comprehensive revamp of its train loading station, a critical asset that has served as the heart of operations since its construction in 1976. The modernisation project, completed during the summer period, represents a significant investment in operational reliability and efficiency for the facility.

Critical Infrastructure Modernisation

The train loading station handles up to 6 million tonnes of iron ore annually for steel-producing customers in the HBTR hinterland. Recognising the critical role this infrastructure plays in operations, the company undertook a comprehensive modernisation to extend the asset’s operational life, replacing conveyor belts and upgrading systems to ensure continued reliability for years to come.

Peter de Klerk, technical manager at HBTR, emphasised the collaborative nature of the project: “This project was a real team effort. By coordinating closely with the HES Group and our customers, we were able to modernise a critical piece of equipment without any disruption to operations and, most importantly, without compromising on safety.”

Advanced Automation Enhances Operations

The modernised station now operates as a fully automated system, managed remotely from the control room. This technological advancement enables a single operator to efficiently supervise several machines simultaneously, representing a major step forward in both operational efficiency and safety protocols.

The achievement reflects the value of strong collaboration between the terminal’s technical team and the HES Group. Over a two-year period, the teams worked together to plan the renovation during a scheduled production slowdown, strategically aligning the project timeline with client blast furnace maintenance schedules. This careful coordination enabled the completion of major infrastructure work without disrupting customer operations.

Comprehensive Safety and Project Management

The revamp project required approximately 15,000 contracted man-hours to complete. To reinforce the company’s commitment to safety, an external safety advisor was engaged and maintained a daily presence on-site, supporting supervisors and ensuring strict compliance with all safety protocols throughout the construction period.

Jeroen van der Neut, COO of HES Group, highlighted the strategic importance of the investment: “The revamp of the train loading station is a great example of how we approach maintenance as part of our long-term asset strategy. By investing in reliability and efficiency, we ensure that our operations remain competitive whilst continuing to provide the high level of service our customers expect.”

Strategic Asset Management

The successful completion of the train loading station revamp demonstrates HBTR’s commitment to long-term asset management and operational excellence. The modernisation ensures continued reliable service for steel industry customers whilst incorporating advanced automation technologies that enhance both safety and efficiency.

The project represents a significant milestone in HBTR’s ongoing investment in infrastructure reliability, positioning the terminal to maintain its competitive edge in serving the iron ore supply chain for steel production in the region. The careful planning and execution without operational disruption underscores the terminal’s ability to deliver major infrastructure improvements whilst maintaining uninterrupted customer service.

For more information visit www.hesinternational.eu

Commonwealth LNG has announced the signing of a significant Sale and Purchase Agreement with EQT Corporation, one of the largest natural gas producers in the United States. The landmark agreement establishes the framework for the sale of 1 million tonnes per annum of LNG over a 20-year period from Commonwealth’s 9.5 Mtpa export facility currently under development on the Gulf Coast in Cameron Parish, Louisiana.

Under the terms of the definitive agreement, EQT will purchase LNG on a free-on-board basis at a price indexed to Henry Hub. The deal represents a significant milestone in both companies’ strategic efforts to deliver responsibly sourced, low-emission natural gas to international markets, strengthening the United States’ position in global energy supply chains.

Strategic Integration and Market Leadership

Ben Dell, managing partner of Kimmeridge and chairman of Caturus, the parent company of Commonwealth LNG, emphasised the strategic value of the partnership. “The agreement with EQT is a strong endorsement of our integrated natural gas platform, featuring a unique wellhead-to-water strategy that meets burgeoning demand for LNG across global markets, while advancing US energy leadership and economic growth,” Dell stated. “By combining EQT’s scale and Commonwealth’s efficient modular LNG design, we’re delivering a differentiated solution for global energy buyers.”

The collaboration leverages EQT’s substantial production capacity alongside Commonwealth’s innovative approach to LNG facility design, creating what both companies describe as a competitive advantage in serving international energy markets.

Building Market Momentum

Toby Z. Rice, president and CEO of EQT, highlighted the agreement’s significance for the company’s LNG market strategy. “The signing of this agreement with Commonwealth LNG adds to the incredible momentum we are building in the LNG market and further strengthens EQT’s position as a leading force in connecting U.S. natural gas to global demand,” Rice commented.

The partnership underscores the growing importance of long-term supply agreements in securing the financing and development of major LNG infrastructure projects, particularly as global demand for natural gas continues to expand.

Project Development Timeline and Capacity

Commonwealth LNG is progressing toward a final investment decision scheduled for 2025, with first LNG production anticipated to commence in 2029. The EQT agreement adds to Commonwealth’s growing portfolio of long-term commitments, bringing the company’s total contracted capacity to 5 Mtpa under binding agreements.

The project has already secured substantial international backing through existing long-term agreements with major global energy companies including Glencore, JERA, and PETRONAS. These foundational contracts demonstrate significant international confidence in both the project’s execution capabilities and its value proposition in the competitive global LNG market.

Market Position and Future Outlook

With 5 Mtpa now committed under long-term binding agreements, Commonwealth LNG reports having clear visibility toward subscribing its remaining facility capacity. This strong foundation of contracted volumes provides crucial underpinning for the project’s financial viability and development timeline.

The SPA with EQT will become fully effective upon the satisfaction of customary conditions, including an affirmative final investment decision on the project. This structure provides both companies with the flexibility to ensure all development milestones are met before full contract activation.

The agreement reflects broader trends in the LNG market, where producers and buyers are increasingly seeking long-term partnerships to provide supply security and price stability in an evolving global energy landscape. As international demand for cleaner-burning natural gas continues to grow, such strategic partnerships are becoming essential for connecting US production capacity with global markets.

For more information visit www.commonwealthlng.com

The Association for Materials Protection and Performance (AMPP), the leading global authority on corrosion control and protective coatings, congratulates Paul N. Chang on his appointment as Director of the US Department of Defence’s office of Corrosion Policy and Oversight, effective today.

Housed within the Office of the Under secretary of defence for acquisition and austainment, the CPO is critical in safeguarding military assets’ operational readiness and longevity by developing policy, allocating resources, and coordinating efforts across the services to mitigate corrosion-related risks. AMPP has proudly partnered with the CPO for more than two decades to advance a shared mission of reducing lifecycle costs, improving equipment availability, enhancing safety, and extending the service life of defense systems and infrastructure.

“Corrosion threatens every aspect of military readiness, from aircraft and naval vessels to installations and weapons systems,” said AMPP CEO Alan Thomas. “That’s why the leadership of the CPO is so important. Paul Chang brings deep experience, a collaborative mindset, and proven leadership to the role. His appointment signals the department’s continued commitment to ensuring corrosion prevention remains a national defense priority, and we look forward to working closely with him to advance that mission.”

Mr. Chang’s appointment reflects a shared commitment to advancing corrosion prevention through strategic partnerships and technical excellence.

“I’m honoured to take on this role and build upon the strong legacy of the CPO office in advancing corrosion prevention across the department of defence,” Mr. Chang said. “Collaboration with organisations like AMPP is vital to ensuring our workforce is equipped, our infrastructure is protected, and our mission readiness is sustained.”

AMPP and the CPO have a longstanding partnership grounded in shared priorities. Over the years, the two have collaborated on standards development, workforce certification, technical training, and public policy initiatives to strengthen corrosion prevention across the defence enterprise. As part of this partnership, the CPO coordinates on-site AMPP-led courses for uniformed and civilian DoD personnel, ensuring that corrosion professionals throughout the military are trained to the highest standards of materials protection and performance.

In support of the CPO’s broader mission, AMPP has also helped lead key initiatives such as the DoD Corrosion Prevention Technology and Innovation Symposium, which it administered on behalf of the department of defence. The biennial event convenes government, industry, and academic leaders to advance innovation, share best practices, and align corrosion prevention strategies across the defence enterprise.

Mr. Chang, who previously served as CPO programme manager, is a seasoned logistics and policy expert with over 30 years of military and federal government experience. He holds a master’s degree in public policy with a focus on transportation policy, operations, and logistics from George Mason University, and is certified in Lean Six Sigma (Black Belt) and project management (PMP).

“The CPO has long been one of our most effective and forward-looking federal partners,” said Jennifer Merck, AMPP’s vice president of Maritime. “Paul understands the real-world implications of corrosion and the importance of strategic partnerships. He’s exactly the kind of leader who will strengthen the ties between the Department of Defence and the materials performance community.”

For more information visit www.ampp.org

For more information visit www.adnocls.ae

Tepsa has successfully renewed its ISCC CORSIA certification for its terminals in Spain, strengthening the company’s position as a key enabler in aviation’s transition to sustainable fuels. The certification renewal demonstrates the bulk storage provider’s continued commitment to maintaining the highest international standards for Sustainable Aviation Fuel (SAF) handling and storage.

Critical Role in Aviation Decarbonisation

The company emphasises that Sustainable Aviation Fuel represents the key to reducing aviation’s carbon footprint, with the International Civil Aviation Organisation’s CORSIA framework establishing strict sustainability and traceability requirements throughout the entire supply chain. Under this regulatory framework, every step of the SAF supply process must meet rigorous compliance standards to ensure environmental integrity.

Image source: Tepsa

As a bulk storage provider, Tepsa plays a crucial role in maintaining SAF compliance and traceability before the fuel reaches its final destination. The company’s operations serve as a vital link in the sustainable aviation fuel supply chain, ensuring that environmental standards are preserved from storage through to delivery.

Certification Confirms Operational Excellence

The renewal of the ISCC CORSIA certification confirms that Tepsa’s operations meet the highest international standards and validates the company’s knowledge and experience in maintaining these standards over time. The International Sustainability and Carbon Certification (ISCC) system provides a framework for verifying sustainable practices throughout the biofuel supply chain, with CORSIA-specific requirements ensuring compliance with aviation industry regulations.

This certification achievement serves multiple strategic purposes for the company and its stakeholders. The renewed certification enhances partner confidence in Tepsa’s capabilities while directly supporting aviation’s transition to more sustainable fuel sources.

Supporting Industry Transition

The certification renewal positions Tepsa to offer sustainable storage solutions that support everyday aviation operations whilst meeting environmental objectives. By maintaining certified operations, the company provides assurance to partners and customers that their SAF storage requirements will be handled according to international best practices.

The achievement reflects Tepsa’s ongoing investment in sustainable infrastructure and operational excellence, demonstrating how bulk storage providers can actively contribute to the aviation industry’s decarbonisation efforts. Through certified operations, the company ensures that the environmental benefits of sustainable aviation fuels are preserved throughout the storage and handling process.

Tepsa’s renewed ISCC CORSIA certification reinforces the company’s role as a trusted partner in the sustainable aviation fuel supply chain, supporting the industry’s transition towards reduced carbon emissions whilst maintaining operational reliability and compliance with international standards.

For more information visit www.tepsa.com

At the Gastech Exhibition & Conference 2025, JERA Co., Inc. and the Government of Montenegro formalised a strategic partnership through the signing of a memorandum of understanding (MOU) for the future development of an LNG terminal and an associated gas-fired power plant in Montenegro. This landmark agreement represents a significant step forward in strengthening Montenegro’s energy security while positioning the country as a pivotal energy hub in the Western Balkans region.

The Japanese energy giant will leverage its extensive global expertise to conduct a comprehensive feasibility study that will examine the technical, commercial, and financial aspects of the proposed infrastructure development. This thorough assessment will provide the foundation for determining the viability and optimal implementation strategy for the ambitious energy projects.

Left: Admir Sahmanovic, minister of energy and mining
Right: Steven Winn, chief global strategist of JERA

Steve Winn, JERA’s chief global strategist, emphasised the company’s commitment to the partnership, stating: “Our extensive experience in LNG infrastructure and international energy projects positions us to help Montenegro achieve its strategic energy objectives with realistic, economically viable solutions.”

The collaboration underscores JERA’s broader mission to address global energy challenges through the development of reliable and sustainable infrastructure solutions. By bringing their proven track record in international energy projects to Montenegro, JERA aims to deliver infrastructure that meets both immediate energy security needs and long-term economic development goals.

This partnership reflects the growing importance of energy diversification and security in the Western Balkans, with Montenegro seeking to enhance its position as a regional energy hub through strategic international collaborations. The potential LNG terminal and power plant development could significantly impact the country’s energy landscape and contribute to regional energy stability.

The feasibility study will serve as the crucial next step in determining how to proceed with these infrastructure developments, ensuring that any future projects are both technically sound and commercially viable for all stakeholders involved.

For more information visit www.jera.co.jp

As Thorne & Derrick International marks its 40th anniversary, the company celebrates industry transformation that mirrors the global energy shift—from fossil fuels to a sustainable future. Founded in 1985 as a regional supplier to the traditional energy industry, the company has evolved into a key supplier to the renewable revolution, delivering critical infrastructure for the Green Grid.

Its early years were rooted in the fossil fuel era, with key customers in the oil/gas, coal mining and heavy industries when a pivotal moment came with an order for BAND-IT products from Swan Hunter shipyard for the Solitaire project, then the world’s largest offshore pipe-laying vessel. As the original UK distributor for BAND-IT Cable Management Systems, Thorne & Derrick International established a reliable delivery model from shelf to site, laying the foundation for decades of collaboration in energy infrastructure.

For years, the company supplied the oil and gas industry, but as climate goals and policies like the UK’s Net Zero 2050 target reshaped the energy landscape, Thorne & Derrick International proactively pivoted.

Today, the company is embedded in renewable energy and industry decarbonisation projects, supplying LV HV cable accessories, tooling & hazardous area electrical equipment for offshore and onshore wind, solar farms, battery energy storage and process industry projects. Its expertise ensures safe, efficient power transmission in increasingly complex and demanding energy networks.

Growth has been both technological and geographic. What began as a local supply company for North East of England projects now spans global markets as Framework Supply Partners to ECP’s and international energy providers across the UK and Europe including Spain, France, Germany, Switzerland, Sweden and Denmark, delivering mission-critical cable accessories where high-voltage cables are essential for long-distance, large-scale power transfer.

A powerful symbol of this shift is the former Swan Hunter site in Wallsend. Once a hub of ship and crude oil tanker building, it is now reborn as the UK’s centre for renewable energy services and offshore wind manufacturing.

In September 2025, Thorne & Derrick International returns, this time to supply cable accessories & tooling for the energisation and electrification of UK and international green energy projects. It’s a full-circle moment that reflects the company’s resilience and vision.

Innovation and partnerships have driven this evolution. Long-standing distribution agreements with manufacturers including BAND-IT, 3M, Nexans Euromold and Pfisterer has secured approved vendor status with major energy providers, reinforcing Thorne & Derrick’s role as a trusted supply-partner in the modern energy chain.

“From fossil fuels to Net Zero, we’ve adapted, innovated, and grown,” said Chris Dodds, sales & marketing manager. “Our 40-year journey reflects our commitment to sustainability, partnership, and powering the future.”

Over four decades, the company has moved from local supplier to global partner—not just adapting to change but advancing it. Thorne & Derrick’s story is one of purposeful transformation: powering progress, sustainably, from fossil fuels to a sustainable future.

For more information visit www.powerandcables.com

Wison New Energies and H2Carrier AS have announced a strategic partnership aimed at reducing production costs in the green ammonia sector. The collaboration combines Wison’s EPCIC execution capabilities and cost efficiency with H2Carrier’s project development expertise and floating production competence to deliver cost-competitive clean fuel solutions.

The partnership’s joint objective focuses on significantly reducing the cost of producing and supplying green ammonia through innovation, scale, and standardisation, particularly in resource-rich environments with low electricity costs. The collaboration targets the complete delivery of a 500MW Green Ammonia FPSO (floating production, storage and offloading facility) for green ammonia production in northern Norway.

Addressing Market Challenges

The initiative responds to the accelerating global need for decarbonisation and improved energy security. Despite subsidies and public support, the cost gap between clean fuel production and fossil alternatives remains substantial, leading to the cancellation or postponement of several clean fuel projects, including hydrogen and ammonia developments, in recent months.

The companies recognise that meaningful progress toward a net-zero future depends on the renewable industry’s ability to produce clean fuels more cost-effectively and competitively compared to fossil alternatives. This market challenge drives the strategic focus on cost reduction through technological innovation and operational efficiency.

Complementary Expertise and Capabilities

Under the exclusive project collaboration, Wison brings its established position in engineering and design, along with cost-effective construction and integration capabilities for the Green Ammonia FPSO. The company leverages years of EPCIC experience and a proven track record in floating production vessels, including FPSO and FLNG projects, to accelerate time-to-market and reduce project risk through end-to-end partnership capabilities.

H2Carrier contributes several years of experience in floating production of green ammonia, encompassing both technical expertise and project development of complete value chains for floating production of hydrogen derivatives. The company’s selected solution draws from FPSO and FLNG experiences to deliver low-cost renewable energy to end users through safe and efficient methods using existing and proven technologies while minimising environmental impact on land.

Strategic Vision and Market Positioning

Dr. Huang Yi, president of Europe at Wison New Energies, characterised the collaboration as bringing market benefits from low-cost electricity generation potential in northern Norway and other remote territories worldwide. He emphasised that Wison views Power-to-X (P2X) in general, and green ammonia specifically, as a strategic growth pillar, with the collaboration confirming the company’s commitment in this direction.

Dr. Huang noted the advantages of the project developed in Norway by H2Carrier, highlighting Norway’s position at the forefront of green developments and its substantial ship-owning industry base with clear net-zero commitments.

Mårten Lunde, CEO of H2Carrier AS, outlined the partnership’s approach of combining remote, low-cost renewable energy with cost-optimised construction, integration, and project execution to achieve competitive green ammonia production costs. He emphasised that the project, along with H2Carrier’s portfolio of international large-scale projects based on the P2XFloater™ technology, enables standardisation and replicability as key factors for achieving construction, integration, and execution efficiencies.

Lunde noted that the solution enables shortened project cycle times for new P2X developments, contributing to improved returns. He expressed satisfaction with engaging Wison as a valuable partner in reaching these objectives and bringing safe and sustainable energy infrastructure to market.

Technology and Implementation Strategy

The collaboration leverages the P2XFloater™ platform to enable standardisation and replicability across multiple projects, supporting efficient scaling of green ammonia production capabilities. The approach focuses on utilising remote renewable energy resources while minimising land-based environmental impact through floating production infrastructure.

The partnership positions both companies to address the growing demand for cost-competitive clean fuels while contributing to global decarbonisation objectives through innovative floating production solutions.

For more information visit www.wison-energies.com

Phillips 66 has entered into a definitive agreement to acquire the remaining 50 percent ownership interest in WRB Refining LP from subsidiaries of Cenovus Energy Inc. for total cash consideration of $1.4 billion, subject to customary purchase price adjustments. The transaction will provide Phillips 66 with full ownership of two strategically important refining facilities.

Joint Venture Background and Operations

WRB Refining LP operates as a 50/50 joint venture between Phillips 66 and Cenovus Energy Inc., owning the Wood River refinery in Roxana, Illinois, and the Borger refinery in Borger, Texas. Phillips 66 has served as the operator of both facilities since the joint venture’s establishment in 2007, providing operational continuity for the transition to full ownership.

The acquisition represents a natural progression from the existing operational arrangement, allowing Phillips 66 to fully integrate these assets into its broader refining network and value chain operations.

Strategic Rationale and Expected Benefits

Mark Lashier, chairman and CEO of Phillips 66, characterised the acquisition as strengthening the company’s integrated business while expanding its position in a region where it maintains industry leadership. The transaction aligns with Phillips 66’s strategy of building scale and operational efficiency within its core geographic markets.

The company expects the acquisition to generate operational and commercial synergies of approximately $50 million annually through full integration of the refineries with Phillips 66’s broader value chain. These synergies are anticipated to result from optimised crude sourcing, product distribution, and operational coordination across the expanded refining network.

Additionally, Phillips 66 expects the transaction to create opportunities for low-capital, high-return projects that could provide incremental long-term shareholder value through facility optimisation and market integration initiatives.

Refining Capacity and Technical Capabilities

The Wood River and Borger refineries possess crude throughput capacities of 345,000 barrels per day (MBD) and 149,000 barrels per day, respectively. Upon closing, the combined facilities will add approximately 250,000 barrels per day to Phillips 66’s total refining capacity, representing a significant expansion of the company’s processing capabilities.

Both refineries demonstrate operational flexibility through their ability to process various crude oil types, including heavy and medium sour crudes as well as light sweet crudes. This processing versatility provides Phillips 66 with enhanced crude sourcing flexibility and the ability to optimise feedstock selection based on market conditions.

The facilities also maintain high yields of transportation fuels, aligning with market demand patterns and supporting Phillips 66’s integrated marketing and distribution operations.

Transaction Timeline and Market Impact

The acquisition is expected to close during the fourth quarter of 2025, following completion of regulatory approvals and satisfaction of customary closing conditions. The transaction timing allows for proper integration planning and operational preparation.

For Phillips 66, the acquisition represents a strategic consolidation move that enhances operational control while expanding refining capacity in established markets. The transaction demonstrates the company’s commitment to strengthening its integrated refining and marketing business through selective acquisitions that offer clear operational synergies and growth opportunities.

For more information visit www.phillips66.com

Sandborn Roofs & Seals Inc. has reached a significant milestone this summer with the United States Patent and Trademark Office granting the company two new patents that reinforce its position as an innovator in floating roof technology. These patents recognise the company’s engineering expertise while demonstrating its ongoing commitment to safety, efficiency, and reliability in floating roof tank operations.

Patent 1: Adjustable Deck Positioners for Floating Roofs

Floating roof storage tanks serve a critical role in the petrochemical industry by minimising product loss and reducing emissions. However, a persistent challenge has been ensuring the proper gap between the floating roof deck and tank wall to enable effective seal function without causing seal destruction.

Traditional solutions relied on fixed spacers that proved difficult to adjust or replace. Sandborn’s newly patented adjustable deck positioner addresses this longstanding issue by enabling operators to easily adjust the spacing between the floating roof and tank wall, reposition components quickly without time-consuming welding or drilling, and maintain long-term seal performance by ensuring proper fit even as conditions change.

The innovation delivers a more intelligent and flexible system that reduces downtime while supporting more reliable roof operation.

Patent 2: Secondary Seal System with Anti-Rollover Protection

The company’s second patent focuses on seal reliability, addressing challenges with secondary seals in floating roof tanks. These seals play a crucial role in preventing vapor escape but can fail due to a phenomenon known as seal rollover.

Sandborn’s patented secondary seal system introduces several key features: a reinforced compression plate that maintains consistent sealing pressure, anti-rollover plates that prevent the seal from folding or failing under stress, and structural bracing that strengthens the seal assembly while maintaining controlled flexibility.

This design helps ensure environmental compliance, reduces emissions, and extends the service life of floating roof seals.

Industry Impact and Innovation

These patents represent more than technical advancements—they embody the company’s vision of addressing long-standing challenges in floating roof performance with practical, field-ready solutions. The innovations help tank operators achieve greater safety, reliability, and efficiency in their operations.

The patent acquisitions also serve as a testament to the expertise and creativity of Sandborn’s engineering team. The company emphasises that innovation results from identifying real-world problems and developing solutions that make measurable differences in operational performance.

Future Outlook

With these two patents now secured, Sandborn Roofs & Seals Inc. continues its commitment to advancing floating roof technology. The company’s mission centres on delivering solutions that enable customers to operate with confidence in industries where safety and performance are essential requirements.

The patents position Sandborn to continue pushing boundaries in floating roof design and service while maintaining its focus on practical solutions for the petrochemical industry’s storage challenges.

For more information visit www.sandbornroofs-seals.com

JERA Co., Inc. has signed a letter of intent with Glenfarne LLC to explore LNG offtake opportunities from the Alaska LNG Project. The agreement represents a strategic step in JERA’s ongoing efforts to diversify its LNG supply portfolio and enhance energy security for Japan and other Asian markets.

Strategic Geographic Advantages

The Alaska LNG Project offers several strategic advantages for Asian energy security, including access to abundant gas resources and geographic proximity to Asian markets. These factors position the project to potentially enhance regional LNG supply security while providing competitive access to North American gas resources.

The project’s location offers logistical benefits for Pacific Rim energy markets, potentially reducing transportation costs and delivery times compared to other North American LNG sources.

Executive Perspective on Partnership

Ryosuke Tsugaru, JERA’s chief low carbon fuel officer, emphasised the company’s interest in the Alaska LNG Project’s potential to provide reliable, stable, and competitive LNG supply. He characterised the Letter of Intent as establishing a platform for continued dialogue with Glenfarne, with JERA anticipating deeper engagement as additional project details become available.

Tsugaru’s comments reflect JERA’s strategic approach to LNG procurement, prioritising supply reliability and competitiveness in addition to geographic diversification.

Portfolio Diversification Strategy

The Alaska LNG exploration follows JERA’s recent commitment to a 5.5 million tonnes per annum (MTPA) LNG offtake agreement from the US Gulf Coast, which extends through 2050. This previous agreement demonstrates the company’s commitment to long-term North American LNG partnerships.

Together, these initiatives reflect JERA’s systematic approach to building a resilient and diversified LNG portfolio designed to support stable and competitive supply to Japan and other Asian countries. The strategy emphasises both supply security and geographic diversification across multiple North American sources.

Market Implications

The Letter of Intent signals continued Asian interest in North American LNG projects and reflects the ongoing development of trans-Pacific energy partnerships. For JERA, the potential Alaska LNG offtake represents another component in its comprehensive approach to meeting Japan’s long-term energy requirements while supporting regional energy security objectives.

The agreement also demonstrates the continued attractiveness of North American LNG resources for Asian utilities seeking to diversify their supply portfolios and reduce dependence on traditional LNG sources.

For more information visit www.jera.co.jp

Corroshield Industrial Services Ltd has officially announced its launch, marking the entry of a new player dedicated to industrial corrosion protection services. The company positions itself with the ambitious tagline “Shielding Industry from Corrosion” as it begins operations in the competitive protective coatings sector.

The newly established firm specialises in world-leading, site-based surface preparation and performance coating services designed specifically for industrial corrosion protection applications. According to the company’s announcement, Corroshield aims to combine the agility and innovation typical of startup ventures with the deep expertise that comes from years of industry experience.

The organisation’s leadership emphasises that while Corroshield operates with the dynamic energy of a new business, its dedicated team brings extensive experience and an exceptionally strong track record from their previous work within the global protective coatings industry. This blend of fresh perspective and seasoned expertise forms the foundation of the company’s service offering.

In their inaugural announcement, Corroshield Industrial Services expressed gratitude to all stakeholders who have provided support during the venture’s launch phase. The company has indicated that further developments and announcements can be expected as they establish their presence in the industrial coatings market.

The launch of Corroshield Industrial Services Ltd represents a significant development in the specialised field of industrial corrosion protection, with the company positioning itself to serve clients requiring advanced surface preparation and coating solutions across various industrial sectors.

For more information visit www.corroshield.co.uk

Construction of INEOS’s Project ONE has progressed significantly over the summer months, with the completion of a major milestone in the ethane tank roof construction. The project team has successfully applied 4,000 cubic metres of concrete to cover the roof of the Project ONE ethane tank, representing a critical phase in the facility’s development.

Complex Construction Process

Due to the tank’s substantial size, the concrete roof construction required a two-phase approach utilising equal layers. The first layer installation involved pressurising the tank from the inside to provide structural support for the wet concrete until it achieved sufficient strength to become self-supporting.

The second concrete layer was applied in nine separate sections, a methodical approach designed to ensure optimal surface finish quality across the entire roof structure. This careful sectioning process demonstrates the technical precision required for large-scale industrial construction projects.

Upcoming Construction Phases

The completion of the concrete roof sets the stage for the next phase of construction activities. Project teams will proceed with the installation of top structures, including steel framework, piping systems, and electrical infrastructure. These components represent critical elements in the facility’s operational capability and safety systems.

Investment in Sustainable Technology

INEOS is investing €4 billion in developing what the company characterises as Europe’s most sustainable cracker facility at the Port of Antwerp. The project incorporates the best available technology with the objective of establishing new environmental performance standards from the facility’s operational launch.

The investment represents a significant commitment to advancing sustainable petrochemical production in Europe while maintaining competitive industrial capacity. The facility’s design emphasises environmental performance through advanced technology implementation and operational efficiency measures.

Strategic Significance

Project ONE represents a major industrial development within the Port of Antwerp, positioning the facility to serve European petrochemical markets with enhanced sustainability credentials. The project’s scale and technological approach reflect INEOS’s commitment to balancing industrial growth with environmental responsibility in the evolving energy and chemicals sector.

For more information visit www.ineos.com

What do you usually do on the third Saturday in September? You may be one of hundreds of thousands of volunteers banding together to tidy local beaches on International Coastal Cleanup* Day. While this usually focuses on trash collection, it is also a good opportunity to think about smarter ways to clean up hydrocarbon contaminated shores and coastal waters.

From major offshore disasters to simple motorboat fuel leaks, oil spills make beaches and shorelines unpleasant—even unusable— for flora, fauna, and humans—which is why speedy and thorough remediation is ideal. While many pathways to remediation exist, taking the more natural route suggested by Bionetix^® International makes a lot of sense.

Oil spill cleaning the Crude Oil sludge contaminating on sea beach at Rayong, Thailand. Image provided by Cortec

How to Clean Up Oil Spills with the Power of Nature

Incineration and synthetic dispersants are two oil spill cleanup methods that can cause secondary contamination problems. A more logical approach is harnessing the natural ability of microorganisms to consume hydrocarbons. In nature, this may take many years, but bioremediation can speed up the process in a matter of months.

Bionetix^® offers several great nature-based hydrocarbon-degrading bioremediation technologies. BIOSURF^™ contains natural, biodegradable surfactants that help disperse oil slicks on water and beaches. This makes contaminants more bioavailable to hydrocarbon-eating microorganisms like those in BCP35S^™ (formulated for soil and beach applications) and BCP35M^™ (formulated for marine and freshwater environments). In multiple trials, such biological treatments have significantly reduced hydrocarbons in a relatively short period of time, a feature that allows for in situ cleanup without introducing harsh chemicals or smoke into sensitive environments.

Get Ready for Coastal Cleanup!

With coastal cleanup in the spotlight, now is a great time to start exploring enhanced approaches to keeping our beaches and waters clean. Harnessing the power of nature with biological treatments makes a lot of sense, whether or not you start doing so on the third Saturday in September or the first Monday in May.
Contact Bionetix^® International to learn more about creating a bio- “logical” action plan to keep your shores cleaner!

For more information visit www.cortecvci.com

Sulzer has entered into a five-year global purchasing framework agreement with Veolia, the environmental services specialist focused on water, waste and energy management. The agreement establishes Sulzer as a partner supplier to Veolia, covering a comprehensive range of pumps, mixers and turbocompressors with potential for expansion to address emerging market trends.

Strategic Partnership Development

The framework agreement builds upon existing preferred supplier arrangements between the companies for individual business areas and ongoing collaborations in power generation and low carbon fuels sectors. However, this new group-level arrangement significantly expands the scope of beneficiaries, allowing Veolia affiliates and companies with Veolia interests to access Sulzer’s advanced water treatment equipment for enhanced operational efficiency and improved performance.

The partnership represents a strategic evolution from previous limited agreements to a comprehensive global framework that positions both companies to capitalise on growing demand for environmental solutions and sustainable technologies.

Market Impact and Benefits

Under the terms of the agreement, Veolia’s expanded network will gain access to Sulzer’s portfolio of water treatment technologies, enabling improved operational outcomes across multiple markets and applications. The framework’s flexibility allows for adaptation to emerging industry trends and technological developments over the five-year term.

Alessandro Bertuzzo, WIBU Global Head of Sales at Sulzer, characterised the agreement as the foundation for an exciting partnership focused on shared environmental objectives. He noted that the framework formally recognises the benefits of collaboration in improving energy efficiency, waste minimisation, water optimisation and decarbonisation efforts.

Bertuzzo emphasised that both companies share a vision of success built on industry best practices, with their combined experience and expertise expected to drive enhanced value for customers across Veolia’s global operations.

The agreement positions both companies to leverage their respective strengths in environmental technology and services, creating opportunities for innovation and market expansion in the growing sustainability sector.

For more information visit www.sulzer.com

Technip Energies has announced a definitive agreement to acquire the Advanced Materials & Catalysts business from Ecovyst Inc. for US$556 million, representing an EBITDA multiple of approximately 9.8 times. The transaction expands the company’s catalyst capabilities and increases recurring revenues for its Technology, Products & Services segment.

Strategic Business Expansion

The acquisition strengthens Technip Energies’ portfolio in advanced catalysts and process technologies, supporting applications in traditional markets like polyethylene and hydrocracking, as well as growth areas including sustainable fuels production. The deal increases TPS’ contribution to Segment EBITDA from 39 percent to approximately 45 percent on a pro-forma 2024 basis.

Acquired Assets

The transaction includes two key components:

Advanced Silicas: A manufacturer and supplier of specialty silica-based advanced materials and catalysts for plastics, chemicals, and industrial applications.

Zeolyst International: A 50:50 joint venture with Shell Catalysts & Technologies, supplying custom zeolite-based materials and catalysts for hydrocracking, sustainable fuels, and plastics recycling applications.

The combined business generated US$223 million in revenue with approximately 25 percent EBITDA margin in 2024, operates three manufacturing facilities in the US and Europe, and employs 330 people.

Key Benefits

The acquisition delivers five strategic advantages:

• Catalyst Value Chain Expansion: Establishes a scalable platform built on high-value silicas and zeolites
• Market Leadership: Secures positions in established markets while unlocking growth in emerging applications like sustainable aviation fuel.
• Enhanced R&D: Brings expertise in catalyst design and materials science
• Broader Customer Solutions: Enables integrated solutions across the full asset lifecycle
• Financial Accretion: Provides immediate earnings and cash flow benefits with clear synergy opportunities

Executive Perspectives

Arnaud Pieton, CEO of Technip Energies, described the acquisition as aligned with the company’s disciplined capital allocation strategy, bringing differentiated catalyst technologies that enhance the ability to deliver high-performance solutions to clients.

Kurt Bitting, CEO of Ecovyst, characterised Technip Energies as the ideal long-term partner to unlock the business’s innovation potential while ensuring continuity for customers and employees.

Paul Whittleston, President of Advanced Materials & Catalysts, highlighted the transaction as opening new opportunities to scale technologies, accelerate innovation, and deliver greater client value.

Transaction Details

The deal is expected to close by the first quarter of 2026, pending regulatory approvals and standard closing conditions. Evercore served as financial advisor, Gibson Dunn as legal counsel, and EY-Parthenon as financial and tax advisor to Technip Energies.

For more information visit www.ten.com