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Tag: BASF

Nitrogen Industry News Roundup

CF Fertilisers UK Limited, a subsidiary of CF Industries, says that it plans to permanently close the ammonia plant at its Billingham fertilizer complex in order to secure the long-term sustainability of its business in the UK. The Company intends to continue to produce ammonium nitrate (AN) fertiliser and nitric acid at the Billingham site using imported ammonia, as it has for the last 10 months following its decision to temporarily idle the plant in August 2022.

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SABIC’s general assembly has approved the appointment of Abdulrahman Al-Fageeh as SABIC CEO, and an executive member of the board of directors until April 9, 2025 – the Board’s tenure end date. In its previous meeting, the Board of Directors, had agreed to appoint Dr. Mohammed Yahya Al-Qahtani as vice chairman. At the meeting, Khalid Al-Dabbagh, SABIC Chairman, noted that the past year had been difficult one, though “SABIC managed to face the challenges by intensifying its development programs to achieve record numbers in terms of production, sales, and revenues that exceeded the achievements of the previous year. However, its net profits have not met its aspirations and have shrunk compared to last year due to the worsening global conditions.” He also said that SABIC is pursuing plans to manage working capital through the Cash Cost Transformation program, and is sparing no effort to achieve sustainable growth, adopt long-term strategic goals for sustainability, and reduce emissions related to the life cycle of its products across the value chain.

Syngas News Roundup

ExxonMobil has awarded the contract for front-end engineering and design (FEED) of what it describes as the world’s largest low-carbon hydrogen production facility. A final investment decision for the project is expected by 2024, subject to stakeholder support, regulatory permitting, and market conditions. Technip Energies will conduct the FEED for the Baytown integrated complex, which will produce up to 1 bcf/d of low carbon hydrogen, while capturing more than 98% of associated CO2 emissions, totalling around 7 million tCO2 e/year. Offtake agreements are reportedly under discussion with third party customers. Start-up is planned for 2027-2028. The carbon capture and storage network being developed for the project will also be made available for use by third-party CO2 emitters in the area in support of their decarbonisation efforts.