Tag: Investment

Nickel Asia Corp. (NAC) says that it has completed the sale of its 15.6% stake in Coral Bay Nickel Corp. to its Japanese partner Sumitomo Metal Mining. Nickel Asia says that the sale has been due to “unfavourable market conditions” for the high pressure acid leach (HPAL) nickel processing plant. Although Coral Bay is regarded as one of the most efficient HPAL units in the world, nickel prices have been extremely volatile over the past few years and stood a 4-year lows in January at around 15,000/t, their lowest level since September 2020. Nickel Asia still owns a 10% stake in the Taganito HPAL Nickel Corp.

TotalEnergies and its partners Basra Oil Company and QatarEnergy have begun construction works at ArtawiGas25, a processing facility for the associated gas from the Ratawi field, located in the Basra region. The facility, part of the Gas Growth Integrated Project (GGIP), represents an investment of around $250 million and will process 50 million scf/d of gas which would previously have been flared. The gas will supply local power plants, covering the demand of approximately 200,000 households in the Basra region. The GGIP project is a $10 billion project designed to enhance the development of Iraq’s natural resources and improve the country’s electricity supply. It includes a large-scale gas processing plant, with a first phase of 300 million scf/d that will recover gas being flared on three oil fields and supply gas to 1.5 GW of power generation capacity.

Rapidly increasing lithium production is projected to require several million t/a of sulphuric acid in the next few years, with China, the USA and Australia the main consumers.

NextChem (Maire) is awarded a three-year engineering and technology services contract by Satorp in Saudi Arabia to improve energy efficiency and carbon footprint

10th February, 2025 – sessions as reported by Richard Hands from Barcelona CRU’s 38th Nitrogen+Syngas 2025 Expoconference has begun in Barcelona with three strands covering business development, technical innovations and practical operator training, the latter comprising case studies for analysing hazards associated with green ammonia production. Heading up the business development session, Marti Leppälä, Secretary […]

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.

Expensive feedstock, overseas competition and tightening environmental regulations all pose potential threats to Europe’s nitrogen industry.

A complete list of all articles and news items appearing in Nitrogen+Syngas magazine during 2024.

Nickel sulphate is an intermediate step in the production of materials for batteries, and is seeing rapid demand growth as the auto industry moves towards electric power trains.

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.