Skip to main content

Sulphur 418 May-Jun 2025

3 May 2025

Samsung ends contract with PEMEX

MEXICO

Samsung ends contract with PEMEX

Samsung E&A has announced the termination of its $1.6 billion contract with the Mexican state-owned oil company PEMEX for a sulphur recovery facility project. Samsung says that the contract, originally signed nearly a decade ago, has faced significant delays and suspensions due to budget cuts imposed by the client. It concerns a hydrodesulphurisation (HDS) facility aimed at removing sulphur components from diesel fuel at the Salamanca refinery in Guanajuato state, central Mexico. In a statement, Samsung E&A confirmed that they have reached an amicable agreement regarding the contract termination, stating, “We have been fully compensated for the expenses incurred during the project suspension, and since this project was not included in our sales or operating profit forecasts for this year, there will be no financial loss due to the contract termination.”

Latest in Commodity

CIMC Enric commissions biomethanol project

CIMC Enric Holdings Ltd says that it has commissioned China’s first large-scale biomethanol facility in Zhanjiang, Guangdong Province, marking a major step forward in the decarbonisation of global shipping and clean fuel supply chains. The project, developed by CIMC Enric and its subsidiaries, is designed as a fully integrated closed-loop system converting forestry residues into green methanol for use as marine fuel. With an initial annual capacity of 50,000 t/a, it is the country’s first commercial scale green methanol plant, and is backed by the port of Zhanjiang and abundant local forestry wastes.

World’s largest integrated green hydrogen-ammonia-methanol project

The first 320 MW phase of what China Energy Engineering Corporation Ltd says will ultimately become the world’s largest integrated green hydrogen-ammonia-methanol project HyFlow has officially begun operation in Songyuan City in Jilin Province. With a total investment of nearly $4.30 billion, the Songyuan project uses a “wind-solarhydrogen-ammonia-methanol” integration model, creating an industrial chain that includes hydrogen production and storage, as well as hydrogen-derived chemicals such as ammonia and methanol, hydrogen energy equipment, and scientific research. The project eventually plans to develop 3 GW of renewable energy capacity from wind and solar power, alongside a target production capacity of 800,000 t/a of green ammonia and methanol. The annual production of green hydrogen in the project’s first phase is expected to be equivalent to approximately one-fifth of China’s current total annual green hydrogen production.