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Tag: Investment

Syngas News Roundup

Carbon Recycling International (CRI), which operates a geothermally powered green methanol plant at Svartsengi, 40km southwest of Reykjavik, had to evacuate its site in late November when a 3km fissure opened in the earth a few kilometres away and lava began spilling across adjacent land. Satellite photos of the area taken on November 24 show a large field of molten and cooled lava to the north, west, and south of Svartsengi, though the plant itself remained undamaged. CRI’s Iceland facility runs on CO2 , water, and renewable electricity from the Svartsengi geothermal power station. CRI says the low-carbon energy source allows it to produce 4,000 t/a of methanol with a greenhouse gas footprint just 10–20% that of conventional methanol.

Sulphuric Acid News Roundup

Chile’s environmental regulator SMA has filed a charge against state-owned Codelco, alleging emission violations at its Potrerillos copper smelter in the Atacama region of northern Chile. An audit showed the company had not implemented a monitoring system for sulphur dioxide emissions and other procedures in accordance with environmental standards for the plant, Reuters news agency reported. The SMA labelled the charge as serious, which could lead to a fine of around $4.1 million, and possible revocation of the environmental permit or closure. Codelco had ten days to submit a compliance plan, and 15 days to present a defence.

New SOP capacity – reality bites

The prospect of a drastic expansion in potassium sulphate production has been linked to a plethora of projects in Australia, Ethiopia, and Eritrea. These have sought to take advantage of market tightness and high price premiums. Yet investor interest in supposedly promising projects has waned over the last few years. In this insight article, CRU’s Alexander Chreky explains the reasons behind the high project failure rate, as well as highlighting some limited successes.