Category: Commodity

Repsol has approved a historic €800 million investment in Ecoplanta, a pioneering project in Europe to transform urban waste into renewable fuels and circular products, adding a solution for reducing CO2 emissions in the transport sector, while at the same time promoting the circular economy. Located in Tarragona, the facility will be the first in Europe to produce methanol from municipal waste via a gasification process developed by Enerkem - a technology company in which Repsol is a partner – using waste that would otherwise end up in landfills or be incinerated.

• Prices look set to come under further pressure moving into March, particularly east of Suez. Prices in the West – specifically in northwest Europe – have enjoyed a partial degree of support through February, though this appears unlikely to hold for much longer.

Maire Group subsidiary MET Development, together with Eni and utility company Iren Ambiente, have started the permitting process for a renewable methanol and hydrogen plant at Eni’s refinery in Sannazzaro de’ Burgondi near Pavia. The plant will be developed using NextChem’s NX Circular™ technology, which allows the plant to convert waste by generating syngas, which is subsequently used to produce high quality sustainable fuels and chemicals. Once completed, the plant will be able to convert approximately 200,000 t/a of non-recyclable waste supplied by Iren’s waste management unit Iren Ambiente into synthesis gas. This will in turn be converted to produce up to 110,000 t/a of renewable methanol, as a potential fuel for decarbonisation of the maritime sector. It will also produce up to 1,500 t/a of hydrogen, which could be used in refinery processes, reducing CO2 emissions compared to fossil-generated hydrogen, or, alternatively, for sustainable mobility in road and rail transport. The plant will also recover 33,000 t/a of inert granulate, which can be used for the cement industry. The plant will use infrastructure and services already available at the refinery to optimise costs.

NextChem subsidiary Stamicarbon has been selected to provide the process design package to upgrade the Hulunbuir New Gold Chemical Co., Ltd.’s urea plant in Hulunbuir, Inner Mongolia, using its proprietary NX STAMI UreaTM technology. The upgrade will integrate Stamicarbon’s EVOLVE MELT MP flash design to enhance operational efficiency and reliability while minimizing process steam consumption. Following the upgrade, the plant’s capacity will be increased by about 26% to 3,600 t/d, with an expected high-pressure steam reduction of 15%.

Kuwait’s state owned Kuwait Oil Company (KOC) has issued a tender for companies to bid on construction of the second phase of its gas sweetening facility at booster station BS 171 in West Kuwait. Thirty-two companies have been pre-qualified to bid for the $390 million engineering procurement and construction (EPC) contract for the project. Phase II will involve the construction of two processing trains, each with a capacity to produce 60 million scf/d of sales gas from sour gas with an H2S content of 4%. Sulphur recovery from the project will come from two separate 100 t/d trains with a total capacity of 65,000 t/a of molten sulphur.

Paradeep Phosphates Ltd (PPL) says that it has signed a memorandum of understanding with the government of Odisha state to invest $440 million over five years to increase its phosphate fertilizer production and export capacity, including port/ jetty and infrastructure development. PPL currently has capacity to produce 400,000 t/a of urea and 2.6 million t/a of finished phosphates, via DAP and NPK plants in Paradeep, Odisha, and Zuarinagar, Goa. Details of the expansion were not announced, but the company previously said in December 2024 that it had agreed to expand phosphoric acid capacity from 500,000 t/a to 700,000 t/a to increase backwards integration of production and reduce dependence on imports.

Anglo American and Codelco have signed a memorandum of understanding (MoU) with the aim of jointly developing their neigh-bouring Los Bronces and Andina copper mines in central Chile.

• Sulphur prices have been revised higher in the latest forecast after supply from the Middle East was lower than expected in February, and buyers with uncovered demand were forced to chase prices upwards. UAE sulphur exports normally fall at the start of the year due to scheduled maintenance, but sales in February this year were 200,000 tonnes short of what is typical. Prices may climb more than expected as buyers scramble to cover their shorts. If supply is slower to return than currently anticipated, momentum may push prices even higher in the short term.

Jordan’s Prime Minister Jaafar Hassan laid the foundation stone for the second phase of Jordan Phosphate Mines (JPMC) new sulphuric and phosphoric acid plants at Al-Shidiya in a ceremony in mid-February. The Phase II expansion aims to increase the sulphuric acid plant's production capacity from 2,200 t/d to 4,450 t/d (1.5 million t/a). The phase will generate an additional 20 MW of energy per hour, with the potential to export 9 MW. The project will also boost the production capacity of the phosphoric acid plant from 900 t/d to 1,600 t/d (equivalent to 550,000 t/a P2 O5 ). Construction is expected to be completed, and operations begun by September of this year. With the expansion of the industrial complex in Aqaba and future projects involving potash and partnerships in the phosphoric acid industry, JPMC plans to increase its local consumption to 70%, while reducing external exports by 30%.

Chevron says that its 50% owned affiliate Tengizchevroil LLP (TCO) has started oil production at its Future Growth Project (FGP) located at the Tengiz oil field in Kazakhstan. FGP is the third processing plant in operation at the Tengiz oil field, which expands sour gas injection capability and is expected to ramp up output to 1 million bbl/d. This milestone follows the completion of the Wellhead Pressure Management Project (WPMP) in 2024, which is designed to optimise the field and processing plants. The FGP expansion aims to increase crude oil production by 260,000 bbl/d at full capacity.