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Section: Industry News

Daewoo to build phosphoric acid plant

Daewoo Engineering & Construction has signed a $700 million framework agreement to build a fertilizer plant in Turkmenistan. The agreement was signed in Seoul with Turkmenistan's state-owned chemical firm, Turkmenhimiya, according to the Turkmen Ministry of Trade, Industry and Energy, noting the Korean firm was named the preferred bidder for the project in October. The project aims to construct a fertilizer plant that will extract phosphoric acid from phosphate rocks and process the substance into 300,000 t/a of annually in eastern Turkmenistan by 2029.

Cornerstone sells sulphuric acid operations

Cornerstone Chemical Company has sold its sulphuric acid operations to Ecovyst, a global provider of advanced materials, specialty catalysts, sulphuric acid and regeneration services based in Malvern, Pennsylvania. Ecovyst's business structure includes two core business units: Advanced Materials and Catalysts (AM&C) and Ecoservices. Ecovyst more than 900 employees throughout its 12 facilities across multiple locations worldwide and its Ecoservices division is a North American provider of sulphuric acid and sulphuric acid regeneration services.

IPCO buys New Era Converting Machinery

IPCO AB has acquired web converting equipment manufacturer New Era Converting Machinery Inc. New Era is a web converting equipment design and manufacturing business, with two facilities in New Jersey, USA, and around 100 employees. Its technology platform of web handling, coating, laminating, and embossing equipment expands IPCO’s presence in key industries, especially in sustainability-driven segments. It also complements IPCO’s double-belt press and film casting solutions.

Deer Park contractors died from H2S poisoning

The US Chemical Safety and Hazard Investigation Board (CSB) has released a second update on its ongoing investigation into the fatal hydrogen sulphide release that occurred on October 10, 2024, at the PEMEX Deer Park Refinery in Deer Park, Texas. Two contract workers died during the incident, and over 13 tonnes of hydrogen sulphide gas were released. Local authorities issued shelter-in-place orders lasting several hours for the neighbouring cities of Deer Park and Pasadena.

Ammaroo phosphate project secures key mineral leases

Verdant Minerals says it has been granted two key productive mineral leases for its Ammaroo Phosphate Project by the Northern Territory government. The company says that this significant milestone advances one of the world's largest undeveloped phosphate resources, located about 220km southeast of Tennant Creek. Acting Chief Minister and Minister for Mining and Energy, Gerard Maley, stated, “This is a significant milestone in progressing a world-class resource project that will support jobs, drive investment, and strengthen the NT’s position as a leader in resource development.”

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.”

KMCJNC to fund new phosphate project in Egypt

Chinese phosphate and battery chemical producer Chuan Jin Nuo Chemical (KMCJNC) has announced a $265 million plan to build a plant in Egypt to reduce its raw material and export costs. The company will construct facilities in the North African country to produce a range of intermediates and finished products, it revealed in its recent first-quarter earnings report. The plant will have a threeyear construction timeline. Planned capacities for the site are 800,000 t/a of sulfuric acid and 300,000 t/a of ammonium phosphate per year. Other core products will include phosphoric acid and sodium fluorosilicate. At full capacity, the plant is expected to generate over $41 million in net profit, according to feasibility studies.

Government looking to emulate Indonesia?

The Philippine government is looking to follow Indonesia’s success in attracting downstream investment by banning the export of nickel ore. The Philippine Congress could ratify a bill banning raw mineral exports as early as June. The ban would come into force five years after approval to give miners time to build downstream processing plants. This development could potentially lead to higher nickel prices in the medium term if there is a delay to building domestic capacity and the Indonesian government becomes serious about restraining ore availability.