Indonesia’s sovereign wealth fund Danantara has signed a heads of agreement with Shenzhen-based GEM Limited to jointly develop a high-pressure acid leach (HPAL) nickel facility with a capacity of 66,000 t/a of nickel. The project carries an estimated value of $1.42 billion. GEM is a global leader in green metallurgy and circular economy solutions, known for its large-scale recycling of electric vehicle batteries and electronic waste.
India’s Coromandel International (CIL) is set to increase its stake in phosphate rock producer Baobab Mining and Chemicals Corporation (BMCC) in Senegal further to 71.51% from 53.8%, according to local press reports. CIL is reportedly paying $7.7 million for an additional 17.69% equity stake, after previously raising its stake from 45% in September 2024. CIL originally announced it would take a stake in BMCC in 2022, when it paid $19.6 million for a 45% stake, along with a loan of $9.7 million into BMCC for capital projects and expansion. CIL plans to use the stake to ensure long term supply security of phosphate rock.
A formal signing ceremony has been held between senior company executives from KMG PetroChem, Tecnimont and the Kazakh government for the construction of the new Tengiz Gas Separation Complex (GSC) project. The ceremony was held at KMG PetroChem headquarters, in the Atyrau region of Kazakhstan. The Tengiz GSC project’s scope of work includes engineering, procurement, construction and commissioning works, with Tecnimont mainly responsible for the EPC works. Completion is expected by the first quarter of 2029. Once completed, the gas processed by the GSC will feed the Silleno petrochemical plant, another project currently being executed by Tecnimont in the region. The GSC is designed to recover at least 98% of ethane from dry gas, while the Silleno complex is expected to deliver high-quality petrochemical products. KMG PetroChem is a fully owned subsidiary of Kazakhstan’s national oil and gas company KazMunayGas.
In addition to the above deal with Morocco, the Bangladesh Agricultural Development Corporation (BADC), part of the Bangladesh Ministry of Agriculture, has signed a contract to import both triple superphosphate (TSP) and di-ammonium phosphate (DAP) fertilisers from Malaysia. The agreement was signed on 17 July 2025 in Kuala Lumpur by Mohammed Ruhul Amin Khan, chairman of BADC, and representatives of Selcra Niaga. Under the contract, BADC will import 280,000 tonnes of TSP and 280,000 tonnes of DAP from Malaysia. According to BADC officials, this landmark deal is expected to play a crucial role in ensuring the timely delivery of non-urea fertilisers to farmers. The move aims to strengthen Bangladesh's efforts toward building an efficient and sustainable agricultural system.
Johnson Matthey (JM) says that the three methanol production trains of Inner Mongolia Baofeng Coal-based New Materials Co., Ltd., a wholly owned subsidiary of Ningxia Baofeng Energy Group, were successfully commissioned in November 2024, February 2025, and March 2025, respectively. Located in the Wushenqi Sulige Economic Development Zone of Ordos City, Inner Mongolia Autonomous Region, this plant employs Johnson Matthey’s advanced methanol synthesis technology and catalysts, making it the largest single methanol plant in the world. Inner Mongolia Baofeng also stands as one of the largest chemical enterprises globally that produces polyethylene and polypropylene by using coal as a substitute for oil.
Jilin Electric Power says that it has commissioned one of the world’s largest green hydrogen and ammonia plants in Jilin Province. Jilin says that this is the world’s largest operating green ammonia plant, with a capacity of up to 32,000 t/a of green hydrogen and 180,000 t/a of green ammonia; the largest combined PEM and alkaline electrolyser system, combining 196 MW of alkaline electrolysis and 52 MW of PEM electrolysis, respectively; and the world’s largest block of solid-state hydrogen storage - 48,000 Nm3. The plant is fed by 800 MW of installed renewable power. The green ammonia is EU-certified under low-carbon fuel standards, and offtake agreements are in place with companies located in Europe, Japan and South Korea.
Clariant has signed a strategic cooperation agreement with Shanghai Boiler Works, a full subsidiary of Shanghai Electric specialising in energy conversion and the development of new energy applications, to jointly foster innovation in sustainable energy solutions. The partners will combine their expertise to advance green energy projects in China. The agreement is the result of close and successful cooperation in Shanghai Electric’s new biomass-to-green methanol plant in Taonan, Jilin Province, China. In addition to supplying its MegaMax catalysts, Clariant provided technical on-site support during the successful startup of the 50,000 t/a plant. The second phase of the project, with a capacity of 200,000 t/a green methanol and 10,000 t/a of sustainable aviation fuels (SAF), is expected to start production in 2027. The ceremony for the official signing of the partnership contract took place last week at the Clariant Innovation Center in Frankfurt, Germany.
The Deendayal Port Authority (DPA), Kandla, has issued a tender for the engineering, procurement and construction (EPC) contract to build India’s first port-based bio-methanol plant. The 3,500 t/a plant will use oxy-steam gasification technology to convert biomass into bio-methanol. The scope covers design, engineering, procurement, construction, commissioning, and product certification, with bidders required to outline plant life, warranties, capital expenditure, and operating costs. The move follows DPA’s earlier call in May for turnkey proposals for a larger integrated plant of over 15,000 t/a, and its February 2025 agreement with Bapu’s Shipping Jamnagar Pvt. Ltd. to develop India’s first bio-methanol bunkering facility, including a dedicated bunker barge, at Kandla Port.
Shipping classification society ClassNK has formed a consortium with IHI Corporation, JFE Steel, Tohoku University, and Institute of Science Tokyo to participate in Japan’s Feasibility Study Program on Energy and New Environmental Technology. The consortium will promote the development of stress corrosion cracking (SCC) probability evaluation tools for fuel ammonia storage tanks and transportation equipment. Initially, the consortium will conduct a detailed study of the SCC mechanism involved in steel cracking due to the combined effects of mechanical stress and corrosion caused by liquid ammonia. Thereafter, the consortium plans to develop tools for easily and accurately assessing SCC probability. Finally, opinions will be solicited from stakeholders to formulate risk-based maintenance procedures for fuel ammonia storage and transportation facilities, and marine fuel tanks ultimately to promote the expanded use of fuel ammonia.
Eurotecnica says that Zhongneng Chemical Co., Ltd., a major player in China’s nitrogen-based fertiliser sector, has selected Eurotecnica’s proprietary Euromel® melamine technology for a new world-scale facility with a nameplate capacity of 120,000 t/a.