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Tag: Maire

Nitrogen Industry News Roundup

OCI Global says that it has reached an agreement for the sale of 100% of its equity interests in its Clean Ammonia project currently under construction in Beaumont, Texas for $2.35 billion on a cash and debt free basis. The buyer is Australian LNG and energy company Woodside Energy Group Ltd. Woodside will pay 80% of the purchase price to OCI at closing of the transaction, with the balance payable at project completion, according to agreed terms and conditions. OCI will continue to manage the construction, commissioning and startup of the facility and will continue to direct the contractors until the project is fully staffed and operational, at which point it will hand it over to Woodside. The transaction is expected to close in H2 2024, subject to shareholder approval.

Sulphur Industry News Roundup

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).

Digitalised sulphur recovery plants for greater plant efficiency

The pursuit of operational excellence requires continuous process monitoring, together with qualified analysis of the collected data. The Digital Process Monitor (DPM) provides a process digital twin which consists of an accurate process plant model that incorporates the licensor’s knowledge and expertise in sulphur recovery technology, thereby providing continuous insights into plant performance. This article provides an overview of the DPM features focusing on the related benefits in terms of overall operational improvements and plant efficiency for the sulphur recovery unit.

Nitrogen Industry News Roundup

Hanwha Corporation and INEOS Nitriles have announced their intention to collaborate in a study for a new low-carbon ammonia facility with carbon sequestration in the USA, with a capacity of more than 1 million tonnes per annum. The location of the plant is yet to be determined. The two companies have agreed heads of terms, under which Hanwha and INEOS will jointly explore the feasibility of a facility to meet the growing global demand for ammonia with low-carbon emissions. A final investment decision is planned for 2026 with planned commercial operation in 2030.

One-stop shop for green fertilizer technologies

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.