Hexagon Purus, a leading company in hydrogen solutions, has received a substantial order worth 3.8 million euros for its hydrogen storage systems. The order was placed by a German customer, HPS Home Power Solutions AG, who will utilize the systems in their ‘picea’ product.

The picea is an innovative electricity storage solution developed by Hexagon Purus. It combines hydrogen and solar energy to provide a reliable source of power. The system utilises surplus solar power generated during the summer to produce hydrogen through an electrolyser. This hydrogen is then used to generate electricity throughout the winter.

The German customer is set to receive the storage system in the second quarter of 2024. This order follows a previous order worth 9.6 million euros for Hexagon Purus’ hydrogen distribution systems, which was placed by a prominent player in the hydrogen ecosystem in December 2023.

Hexagon Purus recently completed the expansion of its manufacturing site in Germany, dedicated to engineering and producing hydrogen infrastructure products. This expansion has doubled the production capacity for their Type 4 high-pressure hydrogen solutions at the Weeze facility. The increased capacity is a significant advancement for both Hexagon Purus and the hydrogen industry.

Matthias Kötter, the managing director & site lead at Hexagon Purus, expressed his satisfaction with the order, stating that their high-pressure hydrogen storage systems are versatile and scalable, making them suitable for various applications, including the storage of base load energy from solar plants. This order further validates Hexagon Purus’ commitment to providing innovative and efficient hydrogen solutions for a sustainable future.

For more information visit www.hexagonpurus.com

Enbridge has announced that it has partnered with two renowned tunnelling companies, Barnard Construction Company, Inc. and Civil and Building North America, Inc., to oversee the construction of the Great Lakes Tunnel in the Straits of Mackinac. This partnership between Barnard, based in Bozeman, Montana, and CBNA, based in Miami, Florida, will work closely with Enbridge to build the tunnel on behalf of the State of Michigan.

The Great Lakes Tunnel is being designed as a utility corridor that will connect Michigan’s peninsulas. Its primary purpose is to house the Line 5 pipeline, which will pass beneath the lakebed at the Straits of Mackinac. This infrastructure project aims to protect the Great Lakes and the environment while ensuring the safe and reliable delivery of vital energy resources to the region.

Enbridge’s senior vice president of liquids pipelines, Tom Schwartz, expressed his enthusiasm for the partnership with Barnard and CBNA, stating that their selection represents a significant milestone for the project. He emphasised Enbridge’s commitment to the safe construction of the Great Lakes Tunnel and praised the expertise of both companies.

The contract was awarded to Barnard and CBNA following a rigorous request for proposal (RFP) process initiated by Enbridge in early 2022. The Mackinac Straits Corridor Authority (MSCA), responsible for overseeing the tunnel’s construction and operations, confirmed that the RFP satisfied the requirements of the Tunnel Agreement. Enbridge will finance the Great Lakes Tunnel, and upon completion, it will be owned and operated by the MSCA.

Barnard and CBNA will form a joint partnership named Mackinac Straits Partners, with each company holding a 50 percent stake. Both organisations possess extensive experience in tunnel construction, having collectively built over 100 tunnels in 15 countries, totaling more than 372 miles. Many of these projects have involved similar geologic conditions to those present in the Straits of Mackinac.

Enbridge is actively preparing to commence construction as soon as it receives the necessary environmental permits for the tunnel project from the US Army Corps of Engineers. The Corps has indicated that permit decisions will likely be made in early 2026.

Throughout the progress of this significant energy modernisation infrastructure project, Enbridge remains committed to its plan of achieving net-zero emissions by 2050. The company is investing in renewable energy sources, modernising its networks, and prioritising the safe transportation and delivery of energy resources.

For more information visit www.enbridge.com

Al Masaood Energy and Gecko Robotics have proudly announced a multi-year contract with ADNOC Gas, the integrated gas processing company of the ADNOC Group. With an estimated ceiling value of $30 million, this groundbreaking partnership signifies a significant leap towards enhancing operational efficiency, reducing downtime, and mitigating CO2 emissions across ADNOC Gas sites.

Under the terms of the contract, Gecko Robotics will deploy its state-of-the-art robots and AI-powered data platform, facilitating predictive maintenance initiatives aimed at maximising efficiencies while upholding the highest standards of safety and environmental sustainability.

Jake Loosararian, co-founder and CEO of Gecko Robotics, underscored the pivotal role of ADNOC and the UAE in leveraging Industry 4.0 tools to drive efficiency and sustainability. He commended H.E. Dr. Sultan Al Jaber’s leadership on the world stage, particularly at COP28, highlighting ADNOC’s unwavering commitment to harnessing new technologies to reduce carbon emissions. Loosararian expressed Gecko’s pride in contributing its robots and software to support ADNOC’s ambitious goals, emphasising the transformative impact of such initiatives on a global scale.

Dr. Ahmad El Tannir, general manager of Al Masaood Energy, hailed the partnership between Gecko and Al Masaood Energy as a testament to the company’s dedication to advancing ADNOC’s decarbonisation agenda. He emphasised the pivotal role of cutting-edge technologies in realising the UAE’s ambitious net-zero objectives, affirming Al Masaood Energy’s commitment to driving sustainable innovation in the region.

Gecko’s revolutionary wall-climbing robots are equipped with specially designed sensor payloads that enable the creation of sophisticated digital maps of critical assets. The Gecko software platform, Cantilever, harnesses this data in conjunction with operational insights to facilitate precision repairs and preventive maintenance measures.

Gecko’s software solutions are widely utilised by numerous companies and government agencies to enhance the lifespan and efficiency of critical infrastructure, spanning industries such as power generation, oil refining, manufacturing, and beyond. Through strategic collaborations such as this, Al Masaood Energy and Gecko Robotics are poised to play a pivotal role in advancing sustainability and technological innovation in the region and beyond.

For more information visit www.almasaoodenergy.me

Aramco, renowned as one of the world’s leading integrated energy and chemicals companies, is delving into the possibility of establishing a joint venture within the Saudi Aramco Jubail Refinery Company alongside its Chinese counterpart, Rongsheng Petrochemical Co. Ltd. This venture also entails substantial investments in both the Saudi and Chinese petrochemical sectors, in collaboration with Rongsheng.

In a recent development, the company sealed a cooperation framework agreement that outlines Rongsheng’s potential acquisition of a 50 percent stake in SASREF. Furthermore, the agreement sets the stage for the implementation of a liquids-to-chemicals expansion project at SASREF. Concurrently, Aramco is contemplating acquiring a 50 percent stake in Rongsheng affiliate Ningbo Zhongjin Petrochemical Co. Ltd. and participating in ZJPC’s expansion endeavours.

Pictured, from left, at the cooperation framework agreement signing ceremony are Xiang Jiongjiong, Zhejiang Rongsheng Holding group vice chairman and Rongsheng Petrochemical CEO; Li Shuirong, Zhejiang Rongsheng Holding group chairman; Wang Hao, Zhejiang Provincial Government governor; Amin H. Nasser, Aramco president & CEO; Mohammed Y. Al Qahtani, Aramco downstream president; and Faisal M. Al Faqeer, Aramco senior VP of In Kingdom Liquids to Chemicals Development.

Mohammed Y. Al Qahtani, Aramco downstream president, remarked, “These discussions underscore our aspiration to propel our liquids-to-chemicals strategy alongside strategic partner Rongsheng, both within the Kingdom of Saudi Arabia and China. By leveraging our existing partnership, we strive to advance our footprint in a pivotal geography and stimulate fresh investments in the Saudi downstream sector.”

In a noteworthy move back in July 2023, Aramco secured a 10 percent interest in Rongsheng through its subsidiary, Aramco Overseas Company BV, headquartered in the Netherlands. Rongsheng, in turn, holds full equity in ZJPC, which operates an aromatics production complex and holds interests in a joint venture dedicated to producing purified terephthalic acid.

For more information visit www.aramco.com

The board of directors of Neste Corporation and Matti Lehmus, who has served as president and CEO since May 2022, have mutually agreed that Lehmus will step down from his position. To ensure a smooth transition to the new leadership, Lehmus will continue in his role until his successor assumes office.

Neste Corporation, renowned for its innovative solutions in combating climate change and driving towards a circular economy, stands at the forefront of refining waste, residues, and cutting-edge raw materials into renewable fuels and sustainable feedstock for various applications, including plastics.

As the global leader in sustainable aviation fuel and renewable diesel, and a pioneer in advancing renewable and circular feedstock solutions for polymers and chemicals, Neste is instrumental in helping its clients slash greenhouse gas emissions by a projected minimum of 20 million tonnes annually by 2030.

The company’s visionary objectives include transforming the Porvoo oil refinery in Finland into Europe’s most sustainable refinery by 2030. Moreover, Neste is steadfast in its commitment to achieving carbon-neutral production by 2035, alongside a remarkable goal of slashing the carbon emission intensity of its products by 50 percent by 2040. In tandem with these environmental pursuits, Neste upholds stringent standards concerning biodiversity, human rights, and supply chain integrity.

Earning acclaim for its unwavering dedication to sustainability, Neste has consistently secured positions in esteemed indices such as the Dow Jones Sustainability Indices and the Global 100 list of the world’s most sustainable companies. In 2023, the company’s revenue soared to EUR 22.9 billion.

With the departure of Matti Lehmus, Neste’s board of directors has commenced the process of identifying a suitable candidate to fill the role of president and CEO, ensuring continuity and fortifying the company’s trajectory towards sustainable excellence.

For more information visit www.neste.com

For more information visit www.soharportandfreezone.om

Tivoli Midstream LLC has announced the completion of its acquisition of strategic terminal and infrastructure assets located in the Gulf Coast of Texas in Brazoria County, known as the “Chocolate Bayou Assets,” from affiliates of Ascend Performance Materials, LLC.

The Chocolate Bayou Assets comprise approximately 3.0 million barrels of storage capacity, open land available for development, and an extensive footprint of logistics assets. Boasting over 100 storage tanks, these assets are versatile, capable of handling a wide range of products, including renewables, refined products, specialty chemicals, LPGs, and more. Situated on the Chocolate Bayou, they benefit from exceptional multi-modal connectivity through Union Pacific direct served rail, truck, and barge access, as well as a significant pipeline system between Freeport, Texas and Texas City, Texas.

Moreover, the Chocolate Bayou Assets are supported by a long-term partnership with Ascend, with approximately 2.5 million barrels of storage capacity available for third-party customers.

Led by industry veterans with over 70 years of combined experience in midstream and infrastructure organisations globally, Tivoli is backed by funds managed by Intrepid Investment Management, LLC, the investing arm of Intrepid Financial Partners, L.L.C.

Rance Fromme, president of Tivoli, expressed enthusiasm about the acquisition, stating, “With our acquisition of the Chocolate Bayou Assets, we are excited to create a leading Gulf Coast infrastructure hub. We have significant history operating in the Gulf Coast and have long been impressed by the quality, scale, and diversity of the Chocolate Bayou Assets. We look forward to welcoming and providing customised solutions for our customers at our new facility.”

Mike France, head of investment management at Intrepid, shared this sentiment, commenting, “We are excited to add the Chocolate Bayou Assets to our portfolio. These are unique assets in a key demand market managed by a world-class management team. With their extensive footprint and exceptional connectivity, under the leadership of the Tivoli Team, we believe the Chocolate Bayou Assets will be a world-class, third-party infrastructure facility.”

Tivoli is a growth-oriented midstream, logistics, and services company committed to delivering effective solutions to the oil, gas, and petrochemical industries. With headquarters in Houston, Tivoli aims to be a trusted partner to its customers, prioritising safety, service, and reliability. With over 70 years of experience serving more than 20 distinct industries and handling over 200 different products, Tivoli is dedicated to making a positive impact on the world and the environment every day.

For more information visit www.tivolimidstream.com

Australia Pacific LNG has announced the appointment of Dan Clark as its chief executive officer, effective from May 1st. Clark will lead the incorporated joint venture between ConocoPhillips, Origin Energy, and Sinopec.

Australia Pacific LNG is a key player in Australia’s energy landscape, being one of the largest gas producers, domestic gas suppliers, and LNG exporters on the country’s east coast. With over 30 years of experience in the industry across various countries including Australia, Qatar, Indonesia, and the United States, Clark brings a wealth of expertise and leadership to his new role. He previously served as the president of ConocoPhillips Australia.

Expressing his excitement about his new role, incoming CEO Dan Clark stated, “I am excited to lead an energy business of this scale that is playing a significant role in meeting demand for natural gas both in Australia and overseas.” He expressed his eagerness to work with various stakeholders, including upstream and downstream operators, shareholders, customers, industry peers, and the wider community, to continue the success of Australia Pacific LNG.

Clark also acknowledged the contributions of outgoing CEO Khoa Dao, thanking him for his stewardship during a period of continued success for Australia Pacific LNG. Dao will be transitioning to a new role as chief commercial officer at ConocoPhillips in the United States.

For more information visit www.aplng.com.au

In a Kazakhstan oil field comparable in size to Houston, Texas, Tengizchevroil, a Chevron-owned affiliate, has achieved a significant milestone. TCO has initiated operations at its Wellhead Pressure Management Project.

The WPMP works by reducing the flowing pressure at the wellheads and then increasing pressure to the existing processing plants. This allows these facilities to operate at full capacity, meeting the increasing energy demands of a growing world.

As the Tengiz Field developed, each well operated under high pressure. However, as time passed, reservoir pressure decreased, resulting in a decrease in the intensity of oil and gas flow. To tackle this issue, the entire field is undergoing conversion to operate under low pressure.

Micah Coston, a project manager with Tengizchevroil, likened the project to uncorking a bottle of champagne, where the liquid initially overflows before losing momentum.

Steve Kovacevich, a TCO production operations manager, emphasised the importance of the WPMP in maintaining the full operation of existing plants and ensuring reliable performance. He credited the achievement to the talent, skill, and capability of the ‘One TCO’ Team in Tengiz.

Looking ahead, the WPMP is part of TCO’s Future Growth Project (FGP), scheduled to commence operations in 2025. The FGP aims to expand crude oil production by an additional 12 million tons per annum.

For more information visit www.chevron.com

Coega is proud to highlight the significant strides made on the Orion S.A. Engineered Carbons Oil Tank Project during a visit by the honourable deputy minister, Fikile Majola.

The OEC Oil Tank Farm Project involved the construction of two 18,000 m3 tanks for the storage of carbon black feedstock oil, crucial for the manufacturing of tyres and various other high-performance applications.

Each tank comprises 80 shell plates, towering 19.2 metres high and boasting a total mass of 289 tonnes per tank. Additionally, a 5.4-kilometre pipeline was constructed from the Coega harbour to the new storage facility, facilitating the transfer of heavy fuel oil from cargo vessels docked offshore. Once operational, the OEC Oil Tank Farm Project is poised to invigorate the entire automotive sector’s value chain and bolster South Africa’s exports to Europe.

For more information visit www.coega.com

Stolthaven Terminals’ facility in Santos, Brazil, has once again been recognised with the prestigious DowGOL award for Operational Excellence in 2023. This accolade, bestowed by Dow, a valued customer, marks the third consecutive year that the terminal has received this esteemed honour.

The DowGOL award commends logistics providers in Brazil for their exceptional performance across various domains, including safety and responsible care, operational excellence, customer experience, digital visibility and data security, environmental and social responsibility, and governance.

Among the myriad companies evaluated by Dow for their operational prowess and sustainability endeavours in 2023, Stolthaven Santos’ achievement shines as truly exceptional. The terminal’s success is attributed to its steadfast commitment to operational excellence, continual training, sustainability initiatives, and ongoing investment in automation and digitalisation to enrich customer services.

Marcelo Schmitt, the general manager of Stolthaven Terminals Brazil, expressed gratitude for the award, stating, “This recognition not only validates our exceptional operational performance but also underscores our standing as a global leader in the storage and handling of specialty chemical products. It reinforces our dedication to being the most esteemed storage service provider globally.”

Schmitt underscored the significance of being selected by Dow to manage its specialty chemicals, highlighting the trust bestowed upon Stolthaven. He conveyed enthusiasm for perpetuating the contribution to customers’ supply chains and an unwavering commitment to excellence in service delivery. This accolade serves as a catalyst for Stolthaven to persist in innovation and pursue even greater achievements in the times ahead.

For more information visit www.stolt-nielsen.com

Axpo and local partner Rhiienergie have inaugurated Switzerland’s largest green hydrogen production plant in the Graubünden canton, located adjacent to the Reichenau hydropower plant in Domat/Ems. The facility, capable of producing up to 350 tonnes of green hydrogen annually, marks a significant step towards integrating hydrogen into the country’s energy mix to ensure future security of supply.

Constructed over approximately a year, the 2.5-megawatt plant harnesses water electrolysis, powered by green electricity from the adjacent hydroelectric power plant, to produce hydrogen without generating any CO2 emissions. The produced hydrogen, compressed onsite, can replace the use of up to 1.5 million litres of diesel annually and will be conveniently delivered to refuelling stations and industrial customers in the future.

Axpo CEO Christoph Brand highlighted the potential of green hydrogen as a sustainable energy carrier, stating, “There are still a few hurdles to overcome, but we’re convinced of this green, sustainable and renewable energy carrier’s potential.”

The inauguration ceremony was attended by political and business representatives, including Graubünden Cantonal Councillor and Energy Minister Dr. Carmelia Maissen and National Councillor Martin Candinas. This pioneering facility, directly linked to the Reichenau hydropower plant, exemplifies the region’s commitment to climate-neutral hydrogen production.

Rhiienergie CEO Christian Capaul expressed confidence in the pivotal role of green hydrogen in future energy supply, describing the plant as an impressive flagship project. Cantonal Councillor Dr. Carmelia Maissen emphasised the plant’s alignment with the region’s climate and energy goals, highlighting its significance in leveraging the potential of green hydrogen in the Alpine region.

Green hydrogen is recognised as a crucial component of decarbonisation efforts, particularly in the industrial and mobility sectors. Axpo aims to actively promote the hydrogen economy in Switzerland and Europe, with this plant serving as a tangible demonstration of their commitment to sustainable energy solutions.

For more information visit www.axpo.com

Norwegian energy group Equinor is planning to expand its liquefied natural gas trading business and is currently engaged in discussions with several potential buyers in Europe and Southeast Asia, as revealed by a senior official speaking to Reuters.

The oil and gas producer reported higher than expected first-quarter profits, attributing the positive results to high production levels in its native Norway, strong operational performance, and robust outcomes from LNG trading.

LNG is increasingly recognised as a crucial component of the transition towards achieving net-zero emissions by 2050 and is anticipated to remain in demand for decades, particularly in Asia, the primary energy-importing and consuming region expected to drive global demand until mid-century.

“Asia is very relevant for us as some of these growing economies are going to be big energy consumers in the future and they will have their form of transition,” remarked Helge Haugane, Equinor’s senior vice president of gas and power, during the Flame Gas and LNG conference in Amsterdam.

The surge in imports of LNG has significantly replaced a considerable portion of Russian pipeline gas supplies to Europe, with the region surpassing China in 2023 to become the world’s largest importer of LNG.

“Up to 2050 and beyond, Europe will still need gas,” Haugane emphasised.

In 2022, Equinor surpassed Russia’s Gazprom to become Europe’s largest natural gas supplier, a shift precipitated by the upheaval in energy ties following the invasion of Ukraine.

Haugane disclosed that Equinor traded 6 million metric tonnes of LNG in 2023, underscoring the company’s focus on value over volume. While not specifying a particular volume target, Equinor believes in the growth potential of the LNG market and remains open to seizing opportunities within it.

Haugane anticipates increased price volatility in the future, a trend that he believes will create favourable trading prospects for Equinor.

For more information visit www.equinor.com

Hyliion Holdings Corp. and BayoTech, an innovator in hydrogen production, transportation, and storage solutions, have announced the signing of a partnership agreement aimed at leveraging the expertise of both companies to offer comprehensive power solutions to their existing and future customers. The partnership will allow the companies to introduce their innovative solutions to each other’s customer bases.

Recognizing the complementary nature of their products and customer needs, the companies have entered into the Agreement to support the advancement of sustainable power generation using hydrogen. Hyliion’s innovative KARNO generator, which can operate on multiple fuel types including hydrogen, is designed for a variety of applications such as prime power, renewables matching, and energy arbitrage. BayoTech’s BayoGaaS® hydrogen production hubs and their highly efficient, high-pressure transport trailers and storage units aim to ensure a reliable hydrogen supply chain for customers. This partnership will enhance the product offerings of both companies, supporting the shift towards more sustainable power solutions across industries.“By pairing BayoTech’s hydrogen solutions with Hyliion’s KARNO generator technology, we will empower customers with a cleaner, more efficient alternative to traditional diesel gensets,” said Mauricio “Mo” Vargas, president and CEO of BayoTech. “Our commitment to revolutionising the hydrogen supply chain through local production hubs aligns perfectly with Hyliion’s mission to deliver net-zero carbon electricity. Together, we’re not just challenging the status quo – we’re reshaping it for a more sustainable future.”

“Hydrogen holds great potential as a zero-carbon energy source, yet its widespread adoption faces infrastructural challenges. Companies like BayoTech solve this problem, allowing customers to use hydrogen in their operations today. Our collaboration will provide a comprehensive solution in the future tailored to customers’ needs, accelerating a faster adoption of new power generation technologies,” said Thomas Healy, founder and CEO of Hyliion.

Hyliion’s KARNO generator is currently undergoing advanced stages of development and is slated for field deployment with early adopter customers in the latter half of 2024

For more information visit www.hyliion.com

Avenir LNG Limited has announced that it has entered into a shipbuilding contract with Nantong CIMC Sinopacific Offshore & Engineering Co. Ltd in China, a subsidiary of CIMC Enric, for two 20,000cbm LNG bunker & supply vessels. These vessels are scheduled to be delivered in Q4 2026 and Q1 2027. The newbuildings will feature new Type C tank designs, lower boil-off rates, the latest engine technologies, hull form optimisation, and subcoolers, offering carbon emission reductions and minimising cargo losses compared to other vessels of this size. The vessel design enables maximum compatibility and versatility for loading and discharging LNG and BioLNG to a wide range of receiving vessels and terminals, reflecting the growing needs of the Company’s customers.

This significant new investment programme marks the second phase of growth for the company, increasing the fleet by 40 percent and 80 percent in terms of total capacity. This order will further enhance Avenir’s position as a leading provider of LNG Bunker Vessels.

Jonathan Quinn, managing director, commented: “We are pleased to be returning to SOE for our newbuilding programme and continuing our relationship with the shipyard where we successfully built our last four vessels. We look forward to welcoming these two new state-of-the-art vessels to our fleet in 2026 and 2027. With the demand for LNG and BioLNG as a bunker fuel set to grow over the next decade, these vessels will play a vital role in ensuring security of supply and decarbonising global shipping markets.”

For more information visit www.avenirlng.com

Peter Vucins, the Group CEO of Global Energy Storage, recently shared insights on the costly yet crucial realities that need to be acknowledged for a successful large-scale transition to sustainable energy. To meet Net Zero targets, the challenges and obstacles on this journey must be recognised and addressed.

Vucins emphasised the significance of energy transition and the commitment of Global Energy Storage to develop the necessary infrastructure for customers to adopt sustainable and low-carbon energy practices. However, he also highlighted the need to confront the challenges associated with this transition.

Perhaps the major and best-known challenge is the high level of carbon dioxide emissions from the use of fossil fuels. The average EU citizen is responsible for approximately 7.8 metric tonnes of CO2 emissions annually, while the global average stands at around 4.7 metric tonnes per person, resulting in a staggering 37 billion metric tonnes of emissions per year worldwide. Considering the overall impact of greenhouse gases, the global CO2-equivalent emissions reach a staggering 55 billion metric tonnes annually. To tackle these emissions, substantial investments are required, necessitating global and national initiatives and a long-term commitment.

He also acknowledged the criticism faced by oil majors and other entities for their environmental implications. However, he emphasised the need for a legal framework and economic incentives to drive progress across all fronts and ensure the feasibility of achieving net zero by 2050.

Highlighting the findings from DNV’s Energy Transition Outlook 2023 report, he noted that the energy transition has stalled, with renewables only meeting the growing energy demand instead of completely replacing fossil fuels. This underscores the need for continued innovation and potential breakthroughs in contentious technologies like nuclear power to shape the trajectory of the energy transition.

While there is abundant private capital available for investment in sustainable energy solutions, Vucins stressed the importance of balancing risks and rewards. He estimated that as much as USD 100 trillion might be needed over the next few decades, and higher energy costs may be unavoidable, especially during the initial phases of the transition. Implementing measures like a carbon tax on consumption can create a level playing field between sustainable energies and polluting fossil fuels, enabling the necessary capital infusion into new energy investments and infrastructure. Vucins emphasised the collective contribution and effort required for a successful energy transition.

GES aims to develop the next generation of energy storage assets and facilitate the use of low-carbon fuels such as blue and green ammonia and hydrogen carriers. However, the markets for these energies are still developing, and technological solutions and price support mechanisms will be critical for final investment decisions. Vucins also highlighted the role of other fuels like LNG and LPG in reducing global emissions, emphasising the importance of energy affordability and improvements in human health, and living conditions, particularly for developing economies.

To accelerate investments in sustainable fuels and products, the CEO emphasised the need for increased support from government policies and a comprehensive understanding of the energy transition. He also stressed the importance of taking a holistic view when comparing the true costs of implementing sustainable versus conventional energies, considering factors like grid expansion, and addressing intermittency issues, in order to present an accurate picture. Naturally, the cost of pollution needs to be included in this comparison as well.

The company leader acknowledged the positive steps taken by initiatives like the US Inflation Reduction Act and the Carbon Border Adjustment Mechanism of the EU. However, he highlighted the need to consider social and economic equity, as well as the impact on the middle-earning classes who contribute tax revenue and consumption. Their long-term support is crucial for implementing legislation that sustains progress and investment in sustainable energy.

He concluded by emphasising that good intentions alone are not enough. It requires individuals and collective efforts to embrace the financial demands of the energy transition and agree on a realistic funding plan which is bound to include end consumers as well as industry. GES hopes for a resounding ‘yes’ from all stakeholders to drive the energy transition forward without delay or public pushback.

In summary, achieving a large-scale transition to sustainable energy requires acknowledging the costly realities and challenges ahead. With a collective commitment and collaborative efforts, the energy transition can be successfully navigated, leading to a more sustainable future.

For more information visit www.gesgroup.global

In a strategic move to address the burgeoning demand for hazardous waste treatment capacity, Tradebe Environmental Services and Veolia North America have announced a groundbreaking commercial agreement. This agreement secures Tradebe’s guaranteed access to high-temperature treatment at Veolia’s upcoming state-of-the-art facility in Gum Springs, Arkansas, slated to commence operations in 2025.

Veolia’s cutting-edge facility at Gum Springs is poised to set a new benchmark in the industry for the safe, efficient, and reliable treatment of waste materials. The agreement with Tradebe, forged a year in advance of the facility’s opening, reflects both companies’ commitment to staying at the forefront of meeting market demands.

This innovative partnership underscores Tradebe and Veolia’s shared strategy to provide advanced solutions supporting sustainable growth for industrial players in the hazardous waste market of the United States. As a prominent figure in the hazardous waste treatment sector in the US, Veolia aims to further expand its presence to meet the escalating demand.

Fred Van Heems, president and CEO of Veolia North America, expressed satisfaction with the partnership, highlighting its collaborative approach to addressing environmental waste challenges. He emphasised the necessity of forward-thinking strategies to cater to the increasing thermal treatment demand across the nation.

Oriol Mateu, CEO of Tradebe Environmental Services US, echoed Van Heems’ sentiments, emphasising the partnership’s significance in advancing innovation and enhancing customer satisfaction. Mateu highlighted the synergy between the companies’ expertise, technology, and resources, which will provide customers with seamless end-to-end services, addressing existing market inefficiencies and gaps.

Aligned with their shared commitment to sustainability, Veolia’s forthcoming facility will employ environmentally friendly technology for self-powering operations. The high-temperature thermal treatment will utilise energy generated from a solar farm, offering a more sustainable option for the market and the environment.

The agreement, commencing in 2024, is poised to facilitate a seamless transition for both companies, ensuring uninterrupted operations when the Gum Springs facility comes online in 2025.

For more information visit www.tradebe.com

During the 2024 STI/SPFA Annual Meeting held in Scottsdale, Arizona, the winners of the 2023 STI/SPFA Safety Awards were unveiled, recognising outstanding achievements in safety within the industry.

The prestigious Safety Diamond Club Award was bestowed upon companies that demonstrated an exceptional commitment to safety by maintaining a zero Total Recordable Incident Rate for five consecutive calendar years or by achieving a specified amount of work hours ending on December 31, 2023. Among the esteemed recipients of this accolade were Acterra Group, LLC in Marion, Iowa; Custom Piping Systems, LLC in San Antonio; Genesis Environmental Solutions, Inc. in Blue Springs, Missouri; Mass Tank in Middleboro, Massachusetts; and Tank Industry Consultants, Inc. in Indianapolis.

Similarly, the Safety Award of Excellence honoured companies that achieved a commendable zero OSHA Total Recordable Incident Rate throughout the entire 2023 calendar year. Notable awardees included Acterra Group, LLC in Marion, Iowa; Blastech Mobile LLC in Axis, Alabama; Caldwell Tanks in Louisville, Kentucky; Custom Piping Systems, LLC in San Antonio; Fisher Tank Company in Chester, Pennsylvania; Grupo Tarsco de Mexico in Mexico; and many others who exemplified an unwavering commitment to safety.

Additionally, the Safety Award of Achievement recognised companies that achieved a minimum 10 percent reduction in the OSHA Total Recordable Incident Rate, with no fatalities, during the 2023 calendar year compared to the average rate of the preceding three years. Among the distinguished recipients of this award were Brighton Tru-Edge Heads, LLC in Cincinnati; EK Machine, Inc. in Fall River, Wisconsin; Hamilton Tanks LLC in Columbus, Ohio; and Taylor Forge Engineered Systems – Paola in Paola, Kansas, among others.

The STI/SPFA Safety Awards underscore the highest standards of safety performance within companies engaged in shop fabrication, inspection, maintenance, and field construction activities.

For more information visit www.stispfa.org

RegO, part of OPW, have announced the launch of its RegO Presto-Link^™ device and RegO app integration. The innovative Presto-Link redefines the landscape of liquefied petroleum gas (LPG) container and regulator testing. With a focus on speed, accuracy and efficiency, the RegO Presto-Link Mobile App boasts updated features that have been designed to streamline leak-testing processes for propane systems. The app can also enhance safety for on-site service personnel through its ability to perform accurate digital testing and document results.

The RegO App is seamlessly integrated with the Presto-Link Bluetooth device, which communicates with RegO Presto-Tap products placed on propane-system components requiring testing. This connection enables swift and precise leak detection and pressure readings, eliminating the need for manual recording of results and helping to mitigate the risks associated with human error.

“Our aim with the improved RegO App is to provide a solution that not only enhances safety and accuracy, but also simplifies the testing process for our valued customers,” said Cody Reeves, Propane Energy Solutions Product Manager at RegO. “By leveraging cutting-edge technology, we’re empowering service personnel to perform their duties with greater confidence and efficiency.”

The app’s intuitive interface makes it easy for users to navigate and utilise key features. Moreover, the addition of paperless propane safety documentation checks further enhances convenience and can help reduce environmental impact.

The RegO App also offers integration with the Cargas back-office software through the customer portal, facilitating accurate data transfer and providing customers with peace of mind regarding their information integrity. For customers with existing management software, the RegO portal offers flexibility and compatibility, ensuring a smooth transition and optimal functionality.

“The RegO App and Presto-Link device marks a new era of efficiency and reliability in LPG tank and regulator testing,” added Paul Courson, Propane Energy Solutions Technical Sales Director at RegO. “Our commitment to innovation and customer satisfaction drives us to continuously evolve and improve our solutions.”

For more information visit www.regoproducts.com

Honeywell has unveiled its latest hydrocracking technology, designed to produce sustainable aviation fuel from biomass, offering a solution that reduces carbon emissions by up to 90 percent compared to traditional fossil-based jet fuels. This innovative technology not only enhances the production of SAF by 3-5 percent but also achieves a cost reduction of up to 20 percent, while simultaneously minimising waste streams from the process.

The Fischer-Tropsch Unicracking™ technology developed by Honeywell allows for the conversion of liquids and waxes derived from various biomass sources, including agricultural residues, wood waste, and food scraps, into SAF that meets stringent aviation industry standards. This advancement aligns with Honeywell’s strategic focus on key megatrends, including the energy transition, by providing a sustainable solution for the aviation sector.

Ken West, president and CEO of Honeywell Energy and Sustainability Solutions, highlighted the importance of expanding feedstock options for SAF production, especially as demand continues to rise. By integrating the new hydrocracking technology with the existing Fischer-Tropsch process, Honeywell aims to diversify feedstock sources, thus enhancing the industry’s capacity to produce SAF sustainably.

DG Fuels, the world’s largest SAF producer using the FT process, has selected Honeywell’s FT Unicracking technology for its upcoming biofuels manufacturing facility in Louisiana. This facility is expected to supply substantial volumes of SAF, significantly contributing to the reduction of carbon emissions in global air travel. Michael Darcy, CEO of DG Fuels, emphasised the pivotal role of Honeywell’s technology in supporting the aviation industry’s ambitious sustainability goals.

Honeywell’s track record in SAF production dates back to the introduction of its Ecofining™ process in 2016. With a comprehensive portfolio of renewable fuel technologies, including Ethanol to Jet and eFining™, Honeywell is well-positioned to meet the growing demand for SAF across diverse feedstock sources. Over 50 sites worldwide have licensed Honeywell’s SAF technologies, with anticipated production capacities exceeding 500,000 barrels per day, further solidifying the company’s leadership in sustainable aviation fuel production.

for more information visit www.honeywell.com

The press conference to present the fifth edition of IVS – Industrial Valve Summit, the most important international event dedicated to industrial valve technologies and flow control solutions, took place in Milan at Sala Pirelli in Palazzo delle Stelline. The event, promoted by Confindustria Bergamo and Promoberg, will take place in Bergamo from May 14 to 16, 2024.

The session will kick off on the morning of May 14 with the early opening of the pavilions reserved for exhibitors, a novelty introduced to generate a valuable networking opportunity for the protagonists of IVS 2024. Highlight of the day is the opening conference of the Summit, where the event will be officially kicked off and where institutions, guests of honour, decision-makers and high-profile experts will take the floor.

In the afternoon, the extensive IVS scientific programme will start. A space that has proven over the years to be an agora where change can be interpreted and the latest technological innovations can be explored, identifying, and analysing the challenges of the sector. To support the development of the scientific calendar, the Summit organisers have created two additional conference rooms in Hall C. IVS 2024 includes 52 sessions including conferences, round tables, workshops, case studies and laboratories, providing a plan that is more than 50 percent greater than the 34 in-depth technical events of IVS 2022.

On May 15 and 16, the trade fair will go live and the halls will open their doors to the international valve community. Following the two-day exhibition, there will be a further opportunity for foreign delegations attending the fair to meet the players in the extended oil and gas supply chain on Friday May 17. The organisers have fuelled qualitative growth for the 2024 edition, increased the number of scheduled appointments in the trade fair programme and enriched the side events, taking the Industrial Valve Summit from a two-day exhibition to a full-fledged valve week.

The fifth edition of the event takes place two years after IVS 2022 and continues on the path of growth that has marked it since the first edition. The Summit organisers are predicting record numbers for IVS 2024, starting with the companies taking part in the exhibition. There will be more than 310 exhibitors, of which the international component is growing strongly, with more than 20 percent foreign companies. The number of visitors is also expected to grow, with more and more countries expected to arrive in Bergamo, representing all continents.
Despite the travel restrictions in force in some areas of the world and the delicate global scenarios, IVS 2022 welcomed 12,000 visitors (+12 percent compared to 2019) from more than 60 countries. IVS hosted almost 300 exhibiting companies (+17 percent on 2019), from 12 countries: Italy, Germany, Great Britain, the United States of America, France, South Korea, Spain, the Netherlands, Belgium, South Africa, Turkey and the Czech Republic. These numbers tell how IVS has established itself as an essential showcase for the entire supply chain connected to industrial valves and flow control.

The synergies with ICE (the Agency for the promotion abroad and internationalisation of Italian companies), AVR ANIMA (the industrial trade association representing Italian companies in the valves and fittings sector) provide a great stimulus for the increase in high-level international presence, Confindustria Assafrica & Mediterraneo (the Confindustria international office that supports Italian companies in their growth path in Africa and the Middle East) and SACE (the insurance-financial group directly controlled by the Ministry of Economy and Finance, specialised in supporting companies and the national economic fabric).

The partnerships will bring international delegations comprising institutional representatives, entrepreneurs, decision makers, speakers and specialised operators to the fair. The organisers have invited over 100 qualified end-user buyers of primary standing and international EPCs. A distinguished partner that can interface with operators from the entire energy sector, giving rise to moments of exchange and discussion. In addition, through an operational collaboration with UNIDO ITPO Italy (the Italian Office for the Promotion of Technology and Investment of the United Nations Industrial Development Organisation), IVS confirms the participation of a delegation of entrepreneurs and representatives of Iraqi institutions.

IVS-Prometeia Observatory “The Oil&Gas Valve Industry in Italy” 2024
The 2024 update of the IVS-Prometeia Observatory “The Oil&Gas Valve Industry in Italy”, carried out with the support of the Confindustria Bergamo Studies Office, was also presented. The new report gives a clear picture of the state of the Italian industrial valve sector, which confirms its excellence in the European competitive context. In 2022, almost 4 out of every 10 valves for Oil & Gas produced in Europe were made in Italy, where the sector’s production value was close to 3.0 billion. The 2022 turnover of the domestic industry was up 12% compared to 2021 but has not yet regained pre-pandemic levels. Italy retains the leadership of the EU sector ranking, more than 8 points ahead of Germany and more than 30 points ahead of the third placed country (France). The numbers are achieved within an ecosystem of 139 companies (over 90 percent of turnover is generated within a radius of 100 km from the province of Bergamo), with over 10,000 employees (up from 9,300 in 2021).

Exports of Italian valves for the Oil&Gas industry started to grow again at a steady pace in 2023 (+5.7 percent in value over 2022), proving a growth rate higher than the evolution of international trade. The rebound in exports was driven by the Middle Eastern (accounting for almost 19 percent of total Italian exports) and Asian markets. Sales in Western Europe and, above all, Eastern Europe, slowed down by the after-effects of the sanctions against Russia, performed less well. Investments by companies operating in the energy sector also grew, with increases in upstream, downstream and transport services. A positive trend that, along with the development of ‘green’ investments, offers positive effects that may also continue beyond 2023. There are opportunities for growth in both traditional and renewable and innovative sectors, such as Carbon capture utilisation and storage and hydrogen. There are, however elements of uncertainty, linked both to geo-political factors and to the timing and methods of the energy transition, which make strategic (even short-term) business choices more complex.

Giovanna Ricuperati, president of Confindustria Bergamo, commented: «Actions to support production chains are of strategic importance for our Association. In this context, IVS – Industrial Valve Summit confirms its role as a driving force also in this edition, a winning example of how it is possible to act in synergy to enhance the industrial valve sector of excellence. This is an event that, on the one hand, is expanding its international profile, as is also shown by the increase in the number of delegations attending, and, on the other, is consolidating its scientific value, with over 50 sessions scheduled including round tables, talks and company presentations. At the same time, the focus is
on consolidating ties with the territory, as also demonstrated by the two initiatives aimed at young people in the IVS Young programme».

Giuseppe Patelli, president of Promoberg: «IVS is the flagship in the path of internationalisation of Fiera di Bergamo, with hundreds of companies and over 12 thousand high-profile operators from all over the world. We are honoured to play our part in supporting the economy and promotion of Bergamo, including tourism and culture. We have increased the number of days, up to three from the traditional two, with the first day dedicated exclusively to exhibitors, to discuss the hot topics of the sector and the trade fair in which they are the main players.

Today, the exhibition centre is a great added value, at the centre of one of the world’s most important macro-regions and a nerve centre for mobility, thanks also to the BGY international airport that connects Bergamo with the whole of Europe, the Middle East and North Africa. And as for ‘tomorrow’ we welcome the announcement by the owners on the doubling of the exhibition centre that will allow us to further develop the growth of the summit».

Francesco Apuzzo, president of Valve Campus: «The goal of the IVS Scientific Committee has always been the provision of high-level content for the industry professionals and visitors attending. This year, we will introduce a series of themed sessions and interactive workshops covering the latest industry trends and challenges, from energy efficiency and decarbonisation solutions to new standards and business process digitisation. Among the novelties of this edition, there will be a special focus on the importance of sustainability and the introduction of artificial intelligence to underpin the future of the industry. The programme includes international keynote speakers, case studies, and panel discussions, as well as the presentation of more than 40 papers by authors from every continent.

For mote information visit www.industrialvalvesummit.com

Shell Deutschland GmbH has officially inaugurated a new bio-LNG plant in the Energy and Chemicals Park Rhineland, marking a significant milestone in Germany’s energy transition efforts. The plant, the largest of its kind in the country, has the capacity to produce approximately 100,000 tonnes of the lower-CO2 fuel annually, enabling the refueling of 4,000-5,000 LNG trucks per year and avoiding up to a million tonnes of CO2 emissions.

The opening ceremony, attended by prominent guests from politics, society, and administration, underscored the importance of such investments in driving structural change and supporting the country’s energy transition goals. Michael Kellner, MP, parliamentary state secretary of the Federal Ministry for Economic Affairs and Climate Protection, highlighted the opening as a significant signal for investments, job security, and the energy transition in Germany.

Felix Faber, managing director of Shell Germany, emphasised Shell’s commitment to serving the entire value chain for bio-LNG. With a Europe-wide network of 90 filling stations for LNG trucks, including 36 stations in Germany, and ongoing efforts to expand production capacity, Shell is actively driving the transformation of the transportation sector towards lower-carbon alternatives.

Bio-LNG, derived from sustainable sources such as agricultural waste, plays a crucial role in Shell’s ambition to become a net-zero carbon company by 2050. Alongside investments in green hydrogen, wind and solar power, and electric vehicle charging infrastructure, bio-LNG represents a key component of Shell’s strategy to manage the trilemma of energy security, energy costs, and climate-friendly energy transition.

The Energy and Chemicals Park Rhineland serves as a focal point for Shell’s efforts in the energy transition, with initiatives such as green hydrogen production and the shift towards high-quality lubricants production reflecting the company’s commitment to sustainability and innovation. Through its diverse portfolio of low- and carbon-free products, including bio-LNG, Shell aims to empower customers in advancing the energy transition while reducing greenhouse gas emissions in the transportation sector.

For more information visit www.shell.de

Terra Drone Corporation, along with its group companies Unifly NV and Aloft Technologies Inc., has unveiled a joint development initiative focusing on UAS Traffic Management for Advanced Air Mobility targeting global markets. This collaboration marks a significant milestone as the world’s first-ever joint UTM development for AAMs by multiple companies with extensive track records in UTM implementation and operation.

With the rapid global progress in electric vertical take-off and landing aircraft, poised to revolutionise transportation, Terra Drone, Unifly, and Aloft are leveraging their expertise to seize opportunities in the Urban Air Mobility market. Research by Morgan Stanley indicates that the UAM market is projected to grow exponentially in the coming decades.

Drawing upon their decade-long experience in UTM development, Terra Drone, Unifly, and Aloft are uniquely positioned to collaborate on this initiative. Terra Drone, as the world’s second-largest drone solution provider, brings extensive industry knowledge, while Unifly and Aloft contribute their proven track records in UTM implementation at national levels.

Their shared vision for the UTM platform is to enable safe and efficient flight operations for eVTOLs and drones. By enhancing their existing UTM platforms with automation and advanced functionalities, they aim to set new standards in UTM and facilitate the seamless integration of eVTOLs and drones into the national airspace.

In pursuit of this vision, the companies are actively seeking collaboration with a wide range of stakeholders, including eVTOL manufacturers, operators, aviation authorities, and urban planners. Through strategic partnerships, they aim to build a global UTM infrastructure that supports the growth of the AAM industry while addressing the broader challenges of urban mobility and air traffic safety.

For more information visit www.terra-drone.net

Neste Corporation, a global leader in renewable and circular solutions, released its Interim Report for January–March 2024 today, demonstrating resilience in a weak renewables market.

Key Highlights of the First Quarter:

• Comparable EBITDA amounted to EUR 551 million, down from EUR 830 million in the same period last year.
• Renewable Products’ comparable sales margin stood at USD 562/tonne, reflecting the impact of a weaker market.
• Oil Products’ total refining margin was USD 20.4/bbl, slightly lower compared to the previous year.
• Cash flow before financing activities was EUR -340 million, impacted by higher inventories and preparations for major turnarounds.
• The comparable return on average capital employed (ROACE) was 20.1 percent over the last 12 months.
• Leverage ratio was 27.9 percent at the end of March.

Matti Lehmus, president and CEO of Neste Corporation, commented on the company’s performance, stating, “Our focus was on defending margins in a more challenging market as the market situation in renewable diesel was clearly weaker in the first quarter of 2024 compared to the previous year.”

Renewable Products Segment:

• Comparable EBITDA for renewable products totaled EUR 242 million, impacted by a weaker market in renewable diesel.
• Sales volume reached 849 thousand tonnes, affected by seasonally lower demand and inventory build-up.
• Production at the Singapore second line remained stable, with the share of waste and residue inputs reaching 91%.

Oil Products Segment:

• Comparable EBITDA for oil products amounted to EUR 278 million, following somewhat lower refining margins and reduced sales volume.
• The Porvoo refinery’s operational performance remained solid, with a utilisation rate of 91 percent.

Marketing & Services Segment:

• Comparable EBITDA for Marketing & Services was EUR 23 million, reflecting the company’s resilient market position despite logistical challenges.

Strategic Initiatives and Outlook:

• Neste completed its organisational change process during the quarter, focusing on strengthening long-term competitiveness and improving cost efficiency.
• The company remains committed to its growth strategy in renewable and circular solutions, with a focus on operational execution and increasing sustainable aviation fuel sales.
• The market outlook for 2024 remains uncertain, with expected volatility in renewable diesel prices and refining markets.

Guidance for 2024:

• Renewable Products’ total sales volume is expected to increase, reaching approximately 4.4 Mt in 2024, with a full-year average comparable sales margin in the range of USD 600–800/tonne.
• Oil Products’ total sales volume is expected to be lower than in 2023, impacted by planned turnarounds.
• Total fixed costs in 2024 are expected to be somewhat higher due to major turnarounds and growth in project resources.

Neste Corporation maintains its full-year guidance for 2024, focusing on operational excellence and sustainable growth amidst market challenges.

For more information visit www.neste.com

In a significant development, SK Gas’s liquefied natural gas terminal in Ulsan initiated a trial run, the company announced on Monday. Named the Korea Energy Terminal, the 1.2 trillion won ($869.3 million) terminal is a collaborative effort between the Korea National Oil Corporation and SK Gas, with SK Gas holding a 47 percent stake.

During the trial run, LNG cargo from the Grace Cosmos was successfully unloaded at the terminal. This LNG will be utilised to fuel the Ulsan Gas Power Solution during the operational trial phase.

Construction of the Ulsan GPS, a combined-cycle power plant adjacent to the terminal, began in September 2022 with an investment of 1.4 trillion won. With a generation capacity matching that of a nuclear power plant at 1.2 gigawatts, the plant is projected to consume approximately 900,000 to 1 million tons of LNG annually.

An innovative aspect of the facility is its capability to burn both LNG and liquefied petroleum gas as fuels, a first of its kind as stated by SK Gas. Commercial operation of the terminal is scheduled to commence in the latter half of the year.

This initiative forms a crucial part of SK Gas’s strategic transition from its previous emphasis on LPG to LNG. Yoon Byung-suk, CEO of SK Gas, expressed satisfaction at achieving milestones with the KET, highlighting its significance for SK Gas’s LNG business. He further affirmed SK Gas’s commitment to emerging as a major LNG player in the Northeast Asian region by 2030.

For more information visit www.skgas.co.kr

In an exciting development, Jebsen & Jessen Group has announced the acquisition of GMA Garnet Group, marking a significant milestone in both companies’ trajectories. Led by CEO Grant Cox, the acquisition underscores a strategic move towards expansion and innovation within the family enterprise.

The decision to integrate GMA Garnet Group into the Jebsen & Jessen corporate umbrella reflects a shared vision for long-term sustainability and efficiency. With regulatory approvals pending, the transaction is poised to enhance operations and drive value across all sites.

Grant Cox expressed his enthusiasm for the acquisition, highlighting the potential for growth and the commitment to delivering value to customers. Heinrich Jessen, chairman of Jebsen & Jessen Group, echoed this sentiment, emphasising GMA’s impressive track record and global reach over the past four decades.

The acquisition marks the creation of a new Business Unit within Jebsen & Jessen Group, expanding their industrial portfolio into exciting new realms both geographically and technically. With the support of global team partners and stakeholders, the future looks promising for both GMA Garnet Group and Jebsen & Jessen Group as they embark on a journey of sustained growth and success.

For more information visit www.gmagarnet.com

The team at VTTI Bio-Energy in Tilburg, the Netherlands, recently had the pleasure of hosting representatives from the municipality of Gemeente Oosterhout. The purpose of their visit was to gain insights into the facility and its pivotal role in advancing the bio-based circular economy and renewable energy transition.

Jeroen van Strien, Team Coordinator of Waste and Cleaning at the Municipality of Oosterhout, expressed his admiration, stating, “It was impressive to see how much technology has been brought together to ensure that the highest result can be achieved. And, at the same time, the impact for the environment is really kept to a minimum. This facility is another good step towards a sustainable society. Thank you to the VTTI Tilburg team for an interesting tour!”

The VTTI Bio-Energy Tilburg facility stands as a beacon of sustainability and innovation. Specifically designed for processing organic waste streams, the facility is projected to yield approximately 23 million m3 of biogas annually. Notably, a portion of this biogas undergoes upgrading to green gas, which is then integrated into the Dutch gas network, thus playing a crucial role in propelling the Netherlands towards a more sustainable future.

For more information visit www.vtti.com

Vopak has reported robust financial results for the first quarter of 2024, showcasing strong growth and performance across various metrics. The company has also revised its outlook for the fiscal year 2024, indicating positive momentum and confidence in its future prospects.

In terms of financial performance, Vopak saw an increase in net profit, including exceptional items, reaching EUR 106 million in Q1 2024, marking a 3 percent improvement compared to the previous year. This growth was primarily driven by favourable storage demand across different geographies and markets. Additionally, the company reported an increase in proportional EBITDA, excluding exceptional items, to EUR 298 million, representing a 9 percent year-on-year improvement when adjusted for divestment impacts.

Furthermore, Vopak strengthened its balance sheet and made good progress on its share buyback programme, reflecting a commitment to enhancing shareholder value. The company also expanded its outlook for FY 2024, signalling optimism about future performance and growth opportunities.

In terms of strategic initiatives, Vopak made significant strides in various areas. The acquisition of a new terminal in Mangalore bolstered its leading position in India, while progress on a greenfield LPG-export terminal project in Western Canada underscored its commitment to expansion and diversification.

Moreover, Vopak accelerated its efforts towards sustainability by commissioning repurposed infrastructure in Singapore for low-carbon transportation fuels. Progress was also made in repurposing existing capacity in Alemoa, Brazil, and Vlaardingen, the Netherlands, further aligning the company with its sustainability goals.

The CEO of Vopak expressed satisfaction with the company’s performance, highlighting its strategy to improve financial and sustainability performance, grow its business, and accelerate towards new energies and sustainable feedstocks. The CEO emphasised the robust demand for infrastructure services, strong market conditions, and strategic acquisitions as key drivers of growth.

In summary, Vopak’s strong Q1 2024 results and increased outlook for FY 2024 reflect its resilience, strategic focus, and commitment to delivering value to stakeholders amidst evolving market dynamics and sustainability imperatives.

For more information visit www.vopak.com

Texas LNG Brownsville LLC, a subsidiary of Glenfarne Energy Transition, LLC, has announced a significant milestone in its liquefied natural gas export terminal project. The company has signed a second Heads of Agreement with EQT Corporation for natural gas liquefaction services, further solidifying its position in the LNG market. This agreement, spanning a period of 20 years, will see Texas LNG receive an additional 1.5 million tonnes from EQT, bringing its total HOA volume with EQT to 2 MTPA.

This latest transaction marks a substantial expansion of Texas LNG’s commercial agreements and demonstrates the growing demand for its LNG export services. While final terms are still subject to negotiation for a definitive 20-year LNG tolling agreement, this development underscores Texas LNG’s commitment to meeting the needs of its customers and stakeholders.

Brendan Duval, CEO and founder of Glenfarne, expressed pride in the expansion of the partnership with EQT, highlighting the significance of reaching this milestone. He emphasised that Texas LNG has now sold more than half of its permitted capacity, reflecting the strong market interest in the project.

Glenfarne Energy Transition, LLC, a developer, owner, and operator of energy transition infrastructure, plays a pivotal role in the success of Texas LNG. As the majority owner and managing member of Texas LNG, Glenfarne brings extensive expertise and resources to the project. Additionally, Glenfarne is the sole owner and developer of the 8.8 MTPA Magnolia LNG facility in Lake Charles, Louisiana, further solidifying its position in the LNG industry.

The announcement comes on the heels of Texas LNG’s recent offtake agreement with Gunvor, further enhancing its commercial viability. With these agreements in place, Texas LNG is well-positioned to advance towards financial close and the commencement of construction, which is anticipated to take place in the fourth quarter of this year.

Commercial operations for the Texas LNG project are scheduled to commence in 2028. This timeline aligns with the company’s strategic vision and underscores its commitment to delivering high-quality LNG products to its customers.

Overall, the expansion of the partnership with EQT and the progress made on the Texas LNG project reaffirm Glenfarne’s dedication to driving innovation and sustainability in the LNG sector. As the energy landscape continues to evolve, Texas LNG remains poised to play a pivotal role in meeting global energy demands and advancing the transition to cleaner energy sources.

For more information visit www.glenfarneenergytransition.com

NGK INSULATORS, LTD. has received an order from BASF Stationary Energy Storage GmbH , a subsidiary of German chemical manufacturer BASF SE, for NAS Batteries for a large-scale green hydrogen production project, developed by HH2E, a German green hydrogen producer.

The NAS batteries that have been ordered have a maximum output of 18 megawatts and a capacity of 104.4 megawatt-hours (72 container-type NAS batteries). They are part of the large-scale project for green hydrogen* production currently under development on the Baltic Sea shore in the north of Germany. The current order is the first delivery batch of the NAS batteries, with a total capacity of more than 230 megawatt-hours reserved by HH2E for this project. Negotiations for the next deliveries are also underway.

The NAS batteries will be charged with electricity from intermittent renewable energy sources, such as solar and wind power, and will supply power to the electrolyzer for the green hydrogen production process, ensuring efficient utilisation of renewable energies and stable green hydrogen production. NAS batteries, capable of high-capacity and long-duration discharge, are well-suited for shifting peak loads over an extended period using electricity derived from renewable energy sources.

The NAS batteries’ track record, safety, and high reliability as energy storage technology have been highly evaluated, leading to their adoption in this project. This is the first commercial adoption of NAS batteries for green hydrogen production projects.

Efforts by countries and companies around the world to decarbonise their business activities and achieve carbon neutrality by 2050 are accelerating. Germany, a leading country in renewable energy, aims to become a global leader in hydrogen technologies and has set a target of achieving 10 GW of hydrogen production capacity by 2030.

NGK and BSES established a sales partnership agreement for NAS batteries in 2019 and have expanded NAS battery sales through BASF’s global sales network. NAS batteries are used in various applications, including those that involve stabilising renewable energy, balancing electric power demand and supply, and serving as emergency power sources. They have so far been installed in over 250 locations around the world and have a stable operational track record of more than 20 years. NGK will continue to partner with BSES to further promote marketing and sales activities for NAS batteries, contributing to the expansion of renewable energy introduction and the realisation of carbon neutrality globally.

For more information visit www.ngk-insulators.com

Carbon capture and storage has emerged as a vital tool in the fight against climate change, especially for capturing emissions that are challenging to prevent. Recognising its significance, European nations have been actively collaborating to advance CCS initiatives and meet ambitious climate targets.

In recent years, strategic arrangements have been forged to facilitate CCS implementation across borders. Norway and the Netherlands laid the groundwork in 2021 with an energy cooperation agreement focused on CCS, subsequently joined by Belgium in 2022 and Denmark in 2023. Additionally, joint declarations with Sweden in 2022 marked further progress in cross-border collaboration.

The latest milestone in this endeavour sees Denmark, Belgium, the Netherlands, and Sweden establishing arrangements for cross-border CO2 transport with Norway, effectively removing barriers to a well-functioning CCS market in the wider North Sea region.

Rob Jetten, minister for climate and energy of the Netherlands, emphasised the importance of such cooperation, stating that cross-border CO2 transport aligns with EU climate goals and fosters economic development. Similarly, Norway’s minister of energy, Terje Aasland, highlighted the significance of storing CO2 across national borders, underscoring its role in mitigating the climate crisis.

Danish minister for climate, energy and utilities Lars Aagaard echoed the sentiment, emphasising the necessity of international CCS efforts to achieve climate neutrality. Meanwhile, Sweden’s minister for climate and environment, Romina Pourmokhtari stressed the importance of CCS in realising a fossil-free future, citing Sweden’s potential in bioenergy with carbon capture and storage.

Belgium and its regions, Wallonia and Flanders, have also embraced CCS as a vital climate solution. The Belgian minister of the North Sea, Paul Van Tigchelt highlighted the importance of agreements with Norway for storing captured CO2 in depleted oil and gas fields. Similarly, Wallonian minister Philippe Henry and Flemish minister Zuhal Demir underscored the significance of CCS in reducing emissions and advancing renewable energy efforts.

As Europe navigates its transition towards a low-carbon future, cross-border collaboration on CCS emerges as a cornerstone of collective efforts to combat climate change and foster sustainable development. Through strategic partnerships and concerted action, these nations are paving the way for a more resilient and environmentally conscious future.

For more information visit www.government.nl

Stolt-Nielsen Limited’s subsidiary, Stolt Tankers B.V., has recently partnered with SFL Corporation Ltd. to acquire two LNG dual-fuel 33,000 deadweight tonne stainless steel chemical tankers. These modern and fuel-efficient ships, built between 2022 and 2023, feature 22 cargo tanks, providing a wide range of cargo flexibility.

The delivery of these ships is expected to take place between June and August of this year. One of the vessels has been secured under a fixed time-charter agreement, while the other will be employed in the Stolt Tankers Joint Service (STJS) pool. This collaboration between Stolt Tankers and SFL Corporation aims to enhance their operations and capitalise on the firm chemical tanker market.

The CEO of Stolt-Nielsen, Udo Lange, expressed his satisfaction with the partnership, highlighting the attractive pricing of the tonnage and the positive impact the dual-fuel ships will have on the fleet’s age profile and carbon intensity. Moreover, the new vessels will offer increased flexibility in Stolt Tankers’ core 33,000 deadweight segment.

Lange also emphasised the company’s commitment to asset-light fleet replacement and its focus on collaborating with best-in-class partners like SFL Corporation, NYK Line, and CMB Group. This strategic approach aims to enhance profitability and reduce the balance sheet intensity of Stolt-Nielsen, while further improving their industry-leading customer service offering and reliability.

Ole B. Hjertaker, CEO of SFL Management AS, expressed his excitement about the new partnership with Stolt-Nielsen, acknowledging the company’s market-leading position in logistics for sophisticated chemicals. Hjertaker also highlighted the favourable market dynamics for stainless-steel chemical tankers, including steady growth in demand, an aging fleet, and a limited order book. The combination of fixed-rate charter and pool earnings presents an opportunity for SFL Corporation to participate in a strong market while providing cash flow support.

Overall, this long-term agreement between Stolt Tankers and SFL Corporation represents a strategic move to enhance their operations, capitalise on market opportunities, and drive further growth in the liquid logistics industry.

For more information visit www.stolt-nielsen.com

TotalEnergies has taken significant steps in bolstering its gas production portfolio with the signing of an agreement with Sapura Upstream Assets Sdn Bhd to acquire its 50 percent interest in SapuraOMV Upstream Sdn. The transaction, valued at $530 million, is poised to reinforce TotalEnergies’ position as a prominent gas operator in Malaysia. The closing of this deal, anticipated in the second half of 2024, is contingent upon customary closing adjustments and regulatory approvals.

This agreement follows TotalEnergies’ initial agreement with OMV on January 31st, 2024, for the acquisition of its 50 percent interest in SapuraOMV. Upon the completion of both transactions, TotalEnergies will possess full ownership of SapuraOMV.

SapuraOMV’s core assets include a 40 percent operated interest in block SK408 and a 30% operated interest in block SK310, situated offshore Sarawak in Malaysia. In 2023, SapuraOMV’s operated production amounted to approximately 500 Mcf/d of natural gas and 7 kb/d of condensates. Notably, the development of the Jerun gas field on block SK408 is progressing as planned, with a startup expected in the second half of 2024. Additionally, SapuraOMV holds exploration licences across Malaysia, Australia, New Zealand, and Mexico, where a significant discovery was made in 2023 on block 30.

Patrick Pouyanné, chairman and CEO of TotalEnergies, underscored the strategic significance of the transaction, stating, “The SapuraOMV assets are fully in line with our strategy to grow our gas production to meet demand growth, focusing our portfolio on low-cost and low-emission assets.” Pouyanné further expressed enthusiasm about strengthening TotalEnergies’ partnership with Petronas in Malaysia and identified the country as a region with ample development opportunities for the company.

The acquisition of SapuraOMV underscores TotalEnergies’ commitment to expanding its gas production capabilities and consolidating its presence in key energy markets worldwide.

For more information visit www.totalenergies.com