Category: Industrial

Methanol demand is rising again after a few years of relative stagnation, but with the Chinese MTO boom largely over, it looks to be energy uses which will drive most future demand.

In mid-April, Ammonia prices both east and west of Suez remained firmly oriented to the downside, with supply still heavily outweighing demand and suppliers scrambling to place excess tonnage. Bearish market sentiment was exemplified by a Trammo sale to OCP at $415/t c.fr Morocco, $20/t short of Tampa’s c.fr settlement for April and around $44/t down on February.

NextChem subsidiary KT Tech has been awarded a licensing contract for the implementation of NextChem’s proprietary NX AdWinMethanol® Zero technology for Pacifico Mexinol, an ultra-low carbon methanol facility near Los Mochis, Sinaloa, on the Pacific coast of Mexico, which will have a planned output in excess of 2.1 million t/a. Transition Industries LLC, based in Houston, Texas, is developing Pacifico Mexinol with the International Finance Corporation (IFC), a member of the World Bank Group. When it initiates operation in 2028, Pacifico Mexinol is expected to be the largest single ultra-low carbon methanol facility in the world – producing approximately 350,000 t/a of green methanol and 1.8 million t/a of blue methanol annually from natural gas with carbon capture.The value of the licensing award is in the low tens of million euros, with the whole package estimated to be about e250 million, including basic engineering, proprietary and critical equipment supply, as well as assistance to commissioning, start-up and operation of the facility.

Clariant says that its MegaMax 900 methanol synthesis catalyst has been used in the successful startup of European Energy’s green methanol plant at Kasso, Denmark. The facility uses biogenic CO2 and green hydrogen to produce up to 42,000 t/a of green methanol. Clariant’s Applied Catalyst Technology (ACT) technical service team provided on-site support throughout the startup procedure, overseeing the catalyst loading, reduction, and startup. Clariant says that the catalyst is operating with excellent activity and stability despite the challenging conditions of CO2 -to-methanol conversion.

Energy company Mabanaft and HIF Global have signed a heads of agreement for the offtake of e-methanol from, HIF’s planned e-Fuels facilities, reinforcing their commitment to advancing carbon-reducing fuels for the shipping industry. The initial offtake would be of up to 100,000 t/a of e-methanol produced from renewable electricity and captured CO2 per year. As HIF Global moves forward with the development of its e-Fuels facilities, Mabanaft says that it will further explore demand for different methanol applications jointly with its customers.

Global gas demand has returned to growth after the supply shock of 2022-23, but geopolitical tensions and short supply in LNG markets.

The European Commission (EC) says it has begun tracking European imports of certain ethylene and ammonia products, to allow it to react quickly to level the playing field if the monitoring points to a surge of imports causing or threatening to cause injury to the EU industry. This surveillance has been put in place in response to evidence of a significant and potentially injurious increase in the EU market share of imports of the chemicals. It covers imports of copolymers of ethylene and alpha olefin, urea containing more than 45% (by weight) of nitrogen, and ammonium sulphate from all countries, and should remain in place for a period of three years.

Tecnicas Reunidas and Siemens Energy have been awarded the contract to carry out front-end engineering design (FEED) for a major green methanol project in La Robla, Spain. The consortium will work on the project for Spanish developer Reolum, part of a partnership that says it is building the largest green methanol plant in Europe. The La Robla Nueva Energia facility will combine biogenic CO2 from a co-located biomass-based cogeneration plant with green hydrogen to produce 140,000 t/a of low carbon methanol. Tecnicas Reunidas will focus on the biogenic carbon capture and methanol production units, while Siemens Energy will handle the renewable hydrogen unit. Johnson Matthey has been selected to supply its eMERALD methanol technology, while Mitsubishi Heavy Industries will license it CO2 capture technology for the project.

thyssenkrupp Uhde has been awarded a contract by Gujarat Narmada Valley Fertilizers & Chemicals Ltd. (GNFC) for the construction of a weak nitric acid plant in Bharuch, Gujarat state. The scope of work includes license, basic engineering, detailed engineering, procurement, construction, commissioning, and start-up services. The plant will have a capacity of 600 t/d of weak nitric acid, and will use Uhde’s proven EnviNOx® technology to reduce greenhouse gas emissions by eliminating nitrogen oxides from nitric acid production. This will be the third weak nitric acid plant licensed by Uhde to GNFC’s Bharuch site, in a partnership going back more than three decades.

We compare and contrast the 2024 financial performance of selected major fertilizer producers following the publication of fourth quarter results.