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Section: CRUNS Industry News

Agreement for ancillary works on blue methanol plant

Transition Industries LLC has signed a heads of agreement with Italian contractor Bonatti SpA to deliver key infrastructure for the Pacifico Mexinol green methanol project in Sinaloa. Under the agreement, which includes a fixed lump-sum price, Bonatti will handle detailed engineering, procurement, construction, pre-commissioning, commissioning and startup for upgrades to the Terminal Transoceánica de Topolobampo port facilities. The work will cover methanol loading operations for export, underground transfer pipelines, vapor recovery systems, and dual fiber optic cables linking the main plant to the port. Bonatti may also build a closed-loop water pipeline to recycle municipal wastewater for plant operations, avoiding freshwater use and reducing environmental impact.

BASF and Yara end low carbon ammonia project

BASF and Yara International ASA say that they have jointly decided to discontinue their project to develop a 1.4 million t/a low-carbon ammonia production facility with carbon capture and storage in the US Gulf Coast region. The companies say that this decision reflects their “commitment to focus on initiatives with the highest potential to achieve their respective value creation goals.” Yara will continue its ammonia strategy as previously communicated, evaluating and maturing equity investment opportunities in US ammonia to determine the optimal project portfolio.

EIB loan agreed for Villeta project

ATOME says that the European Investment Bank (EIB), the lending arm of the European Union, has approved financing in-principle of up to $135 million for the company’s flagship Villeta Project. EIB is one of ATOME’s senior debt providers for Villeta and the announcement follows the Green Climate Fund approval earlier this month. Details of the financing will be finalised in early course, following closing of the debt package with the consortium of leading international development finance institutions. Based on the progress with financing, ATOME is projecting a final investment decision by the end of September 2025.