Skip to main content

Sulphur 417 Mar-Apr 2025

19 March 2025

Nickel Asia sells its stake in Coral Bay

PHILIPPINES

Nickel Asia sells its stake in Coral Bay

Nickel Asia Corp. (NAC) says that it has completed the sale of its 15.6% stake in Coral Bay Nickel Corp. to its Japanese partner Sumitomo Metal Mining. Nickel Asia says that the sale has been due to “unfavourable market conditions” for the high pressure acid leach (HPAL) nickel processing plant. Although Coral Bay is regarded as one of the most efficient HPAL units in the world, nickel prices have been extremely volatile over the past few years and stood a 4-year lows in January at around 15,000/t, their lowest level since September 2020. Nickel Asia still owns a 10% stake in the Taganito HPAL Nickel Corp.

Latest in Asia

Merdeka Battery to build new HPAL plant

Indonesian nickel miner Merdeka Battery Materials (MBMA) and partners have signed definitive agreements to construct a high-pressure acid leach (HPAL) plant on the Morowali industrial park, Sulawesi. The unit will have a nameplate capacity of 90,000 t/a of contained nickel in mixed hydroxide precipitate (MHP). PT Sulawesi Nickel Cobalt (SLNC) will construct and operate the plant adjacent to the existing HPAL plant operated by PT Huayue Nickel Cobalt (HNC). SLNC will source and process laterite nickel ore through a 20 year commercial agreement with MBMA's SCM mine, starting from the commissioning date. An ore preparation plant will be built at the SCM mine to enable ore transportation via pipeline to the SLNC processing plant at IMIP. The total combined investment for constructing SLNC (including interest incurred during construction) is expected to be approximately $1.8 billion according to Merdeka. Construction of the project commenced in January 2025 and is expected to reach commissioning stage within 18 months.

Hydrogen plant for Pengerang refinery

KT-Kinetics technology has signed an $125 million engineering, procurement, construction and commissioning (EPCC) contract to build a hydrogen production unit at Petronas’ Pengerang Biorefinery, Malaysia. The hydrogen plan is expected to be operational by the second half of 2028, and will supply up to 38,000 normal m3 /h of hydrogen for the production of sustainable aviation fuel (SAF) and hydrogenated vegetable oil (HVO). NextChem will license its NX ReformTM technology for the unit. The new biorefinery will process approximately 650,000 t/a of raw materials such as used vegetable oils, animal fats and waste from the processing of vegetable oils to produce sustainable aviation fuel (SAF), hydrotreated vegetable oil (HVO) and bio-naphtha.

Casale to license renewable ammonia plant

Casale is partnering with Indian renewable energy company Avaada Group to develop a 1,500 t/d green ammonia plant in Gopalpur, Odisha. This represents India’s largest grassroots green ammonia facility to date, and will be powered entirely by renewable energy. Casale will provide the ammonia process license, basic engineering package, proprietary equipment, and detailed engineering review, ensuring the facility operates at the highest levels of efficiency and sustainability. The plant will use Casale’s FlexAMMONIA technology, part of the FLEXIGREEN® portfolio.