Join us at the CRU Sulphur + Sulphuric Acid 2024 Conference and Exhibition in Barcelona, 4-6 November, for a global gathering of the sulphur and sulphuric acid community. Meet leading market and technology experts and producers, network, share knowledge, and learn about market trends and the latest developments in operations, process technology and equipment.
Saudi Aramco has sold another tranche of 1.54 billion shares, amounting to 0.64% of the company’s total ownership. The sale, at 27-29 riyals per share, was oversubscribed by a factor of five, making it more popular than the previous IPO, in 2019, which sold 1.5% of the company’s shares for a total of $29.4 billion. Foreign take up of shares was also higher this time, with more than half of sales to foreign investors, compared to 23% for the 2019 sale. However, it remains relatively small in scale compared to Saudi Arabia’s ambitions as part of its Vision 2030 plan to encourage more foreign direct investment and wean the country off its dependence on oil. Aramco is the world’s largest oil company in terms of both daily crude production and market cap, and remains 82% in the hands of the government and 16% held via the country’s sovereign wealth fund, the Public Investment Fund (PIF).
Ganank Srivastava of Bryan Research & Engineering examines ways to reduce carbon footprint in sour gas facilities.
A look at the safety challenges that face developers of ammonia-powered shipping vessels before it can become used more widely as a low carbon fuel.
A review of the current slate of plans for green and blue ammonia production.
With all of the focus on low carbon ammonia and methanol developments, one could occasionally be forgiven for forgetting that most of the syngas industry relies upon natural gas as a feedstock, and that gas pricing and availability remain the key determinants of profitability for producers. As our article this issue discusses, even low carbon ammonia is likely to be largely based on natural gas, albeit with carbon capture and storage, at least for the remainder of this decade.
The production and use of nitrogen fertilizers are responsible for around five percent of global greenhouse gas (GHG) emissions. The fertilizer industry will need to drastically cut these emissions by 2050 as part of its contribution to the 1.5 °C global warming target. Yet around 48 percent of the global population rely on crops grown with nitrogen fertilizers. Guaranteeing food security, by continuing to supply affordable crop nutrients at scale, while transitioning to a low-carbon future, is therefore the collective challenge for the global fertilizer industry and world agriculture.
The need for immediate climate action and cuts in carbon emissions has never been more urgent, especially in a world where ecosystems are increasingly under threat. The production of green fertilizers offers a clear route to achieving these goals by decreasing the chemical industry’s reliance on fossil fuels. Stamicarbon’s Carmen Perez, Rolf Postma and Nikolay Ketov outline the company’s innovative and integrated approach to green fertilizer technology.
Low emissions hydrogen is expected to play an increasing role in the syngasbased chemicals industry, but cost and technical challenges remain.
Qatar construction services company UCC Holding has signed a memorandum of understanding with the Kazakh Ministry of Energy for a gas treatment plant at the Kashagan field with a capacity of 6 billion cubic meters as part of the Phase 2B expansion. The memorandum was signed by Minister of Energy Almassadam Satkaliyev and Mohamed Moutaz Al Khayyat, chairman of UCC Holding.