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Tag: Topsoe

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).

A smarter way to treat lean sulphurous off-gases

The implementation of WSA technology to recover sulphur as sulphuric acid from lean sulphurous off-gases offers significant environmental benefits. These include waste reduction, resource efficiency and reduced overall CO2 e footprint, while also producing profitable sulphuric acid. By embracing such practices, industries can ensure improved or better consumption and production patterns and foster a more sustainable and responsible future. J. Feddersen and S. S. Johansson of Topsoe illustrate these benefits using three distinct industrial applications where WSA technology provides a smarter way to treat sulphurous off-gases. It is not only waste stream management in the three cases, but also reduced transportation of chemicals, reduced opex and reduced CO2 e footprint.