Louisiana and Lotte Chemical partner on clean ammonia
The US state of Louisiana and Lotte Chemical considered working together in the eco-business sector.
On a land of around 300,000 pyeong in the Lake Charles region, Lotte Chemical constructed a production base with a capacity of 1 million tons of ethylene and 700,000 tons of MEG (monoethylene glycol) and began commercial operation in 2019. This is the first instance in Korean chemical history of a facility being built in the US, and Lotte Chemical gave a chance for it to broaden its worldwide base from Asia to North America through the US plant.
In order to work together in the clean ammonia industry in the United States, Lotte Chemical will also team up with CF Industries Holdings, the largest ammonia producer in the world. Via feasibility studies and demand analyses, the two firms confirmed the size of the market and decided to work together to invest in clean ammonia manufacturing in the United States, particularly Louisiana.
Construction of regional production facilities and promotion of the entry of clean ammonia into Korea will be supported by Lotte Chemical’s worldwide infrastructure and CF Industries’ ammonia plant operating and distribution network capabilities.
Resonac Graphite Spain and IGNIS Energy plan to build new hydrogen plant
Using the newly opened bankruptcy process, Resonac Graphite Spain and IGNIS Energy Holdings plan to acquire the assets of the former Alcoa at the A Grela industrial area.
The two businesses agreed to use that 50,000 square meters of land for the construction of a renewable hydrogen plant.
Alcoa is interested since the Resonac graphite electrode facility is close by. After conducting a study, they are currently polishing their industrial plan. Both business groups’ comprehensive approach guarantees the creation of high-caliber jobs in the city and a steadfast commitment to renewable energy.
Everfuel private placement successfully placed
Everfuel Private Placement raised EUR 25 million by allocating 8,279,960 new shares at NOK 34 per share.
Nordea Bank Abp, filial I Norge, and Sparebank 1 Markets AS increased bookbuilding for the Private Placement. Hy24 Clean H2 Infra Fund received Offer Shares worth 10 million NOK. .
The net proceeds from the Private Placement will be used primarily for upstream activities, including: I partly funding the Company’s equity contribution for investments in Agder Hydrogen Hub in Kristiansand, 20 MW electrolyser, expected FID in summer 2023 (project to be transferred to the joint venture between the Company and Hy24); and (ii) partly funding the Company’s equity contribution for investments in HySynergy Phase II Project, the first 100MW electrolyser,
After bookbuilding, the Company’s board of directors (the “Board”) determined the Private Placement and Offer Share allocation based on Management advice. The Private Placement requires the Danish Business Authority to register the share capital increase for the Offer Shares and the VPS to validate and register them.
The Managers will disseminate allocation notifications and settlement instructions on March 10, 2023. A prefunding arrangement between the Company and Management will enable delivery versus payment (“DVP”) settlement of the Offer Shares on or about 14 March 2023. (the “Prefunding Agreement”).
The Corporation will have 86,279,960 shares with DKK 0.01 par value after the Danish Business Authority registers the Private Placement share capital increase.
The Board has reviewed the Private Placement in light of the equal treatment obligations under the Danish Companies Act, Euronext Growth Rule Book Part II, and the Oslo Stock Exchange’s Guidelines on equal treatment and Norwegian market practice, and the transaction structure meets these requirements.
The Subscription Pricing is based on a public bookbuilding process and reflects share market pricing. The Board believes the proposed transaction structure is in the best interests of the Company and its shareholders after assessing the equity capital markets.
IRA attracts interest in hydrogen, Thyssenkrupp Nucera says
Following the Inflation Reduction Act (IRA), consumer interest in hydrogen products from the German company Thyssenkrupp Nucera has skyrocketed in the US. If the market picks up, the company may partner with the Italian firm De Nora to set up local production capacity.
Thyssenkrupp Nucera explored a number of possible green hydrogen generation projects when visiting the US last week. The decarbonization of industry and subsequent achievement of climate goals are thought to depend heavily on green hydrogen, which is created using renewable energy sources.
The IRA, which offers incentives for clean energy efforts, is being investigated by Nucera to see if it could assist in funding investments in generation capacity, research centers, and pilot projects in the American market.
In order to draw investment and expand the business so that it is competitive enough to replace fossil fuels in heavy industries, governments around the world must simplify the laws governing hydrogen supply, according to officials this week. managers in the energy industry. The hydrogen legislation proposed by the IRA is still being finalized in terms of details. In Houston, Texas, Thyssenkrupp Nucera already has a location in the US where it mainly serves users of its chlor-alkali technologies.
Braya Renewable Fuels supports ABO Wind green hydrogen development in Canada
At its refinery in Come By Chance, Newfoundland and Labrador, Braya Renewable Fuels extended an exclusive letter of support to ABO Wind for the cooperative development of green hydrogen generation.
In the “Crown Land Request for Bids for Wind Energy Projects” announced by the Government of Newfoundland and Labrador, the non-binding letter of support promotes the project proposal ABO Wind plans to submit.
For its advanced biofuels refinery, Braya published a request for proposals (RFP) in November 2022 for the supply of 35,000 metric tons of green hydrogen annually. Braya encouraged responders to submit plans for scaling up the production of green hydrogen and green ammonia to meet the needs of the international market in recognition of its need for a significant amount of hydrogen and unique access to deep water logistical assets.
ABO Wind has suggested a multi-phased, integrated project that offers green ammonia for export to other countries as well as green hydrogen to suit Braya’s needs. Braya feels the project will succeed in this competitive process and has sent a non-binding letter of support to ABO Wind for its submission of the Project in response to the Crown Land Request for Bids.
Doosan Enerbility expands SMR and liquefied hydrogen ops
According to market observers, Doosan Enerbility, the energy division of the Doosan Group, is expanding its small modular reactor (SMR) and liquefied hydrogen operations. The newest generation of nuclear reactors, known as SMRs, are smaller and have lower output.
The Doosan affiliate claimed to have agreed to develop the first upper reactor pressure vessel (RPV) long lead material after signing a deal with NuScale Power, a well-known US company that specializes in SMR technology (LLM).
The component is crucial to the production of the initial NuScale power modules, which are anticipated to enter commercial operation as early as 2029 at a facility owned by the Utah Associated Municipal Electric Systems’ Carbon Free Power Project.
The three-year collaborative effort ended in the Doosan affiliate signing an agreement to start SMR production in April of last year. The contract came after an evaluation of the viability of SMR manufacturing, which was followed by prototyping in 2019. The creation of the molding machinery required to create the material was also finished.
Following the production of generator tubes and welding supplies, the two will start producing the vessels before the year is over. The plant’s development is anticipated to begin in 2029. The construction of six boats, each having a 77 MW power output, will result in the production of 462 MW of electricity. For future SMR power plant projects, the two companies want to produce more modules.
Thermax partners with Fortescue Future Industries to develop green hydrogen in India
Thermax and Australia-based Fortescue Future Industries (FFI) have signed a Memorandum of Understanding (MoU) to discuss developing green hydrogen projects in India.
The two businesses will look into possibilities for creating fully integrated green hydrogen solutions for Indian industrial and commercial clients.
According to the MoU, Thermax and FFI will also investigate possible partnerships in the creation of fresh manufacturing facilities to assist green energy initiatives in India. The businesses will also explore for chances to export electrolysers and related systems.
AFC Energy provides update on H-power Tower deployment
After system validations in 2022, AFC Energy, a leading supplier of hydrogen power production technologies, provides an update on its H-Power Tower deployment program.
With its H-Power Tower, which was introduced last year, AFC Energy provides a zero emissions power production solution for the delivery of sustainable UK and European construction markets. The H-Power Tower deployments to date, along with an expanding pipeline of installations slated for 2023, demonstrate the significant role hydrogen is poised to play in assisting the decarbonization of difficult-to-abate industries like construction.
Early H-Power Tower deployments are being made in accordance with commercial lease hire contracts, which, given the current cost, result in a capital payback of two years.
AFC Energy creates its own fuel cell systems through design and construction for use in consumer-friendly packaging.
Atlas Copco showcases green hydrogen systems at Hydrogen Tech Expo 2023
Atlas Copco supports the green hydrogen sector with a variety of cutting-edge systems for hydrogen production, transportation, and industrial use, building on decades of experience in compressed air and gas solutions.
This technique solves problems for numerous crucial procedures all throughout the hydrogen value chain. The Hydrogen Tech Expo 2023 will be held in Telford on March 30. Atlas Copco’s hydrogen specialists will be available at Booth D02.
Due to the company’s extensive experience as a global leader in air and gas compression systems, equipment that is highly effective, secure, and dependable has been developed for a variety of renewable energy applications. The full range of products includes carbon capture and recovery at major industrial sites in addition to hydrogen compressors for filling stations and H2 producing facilities.
$25 million to train hydrogen plumbers in Sydney
If Labor wins the New South Wales election this month, a Hydrogen Centre of Excellence would be developed in Sydney to train hundreds of plumbers for the booming industry.
As states compete for a piece of Australia’s developing green hydrogen economy, NSW Labor leader Chris Minns announced a $25 million investment on Friday, just weeks after committing $1 billion in finance for clean energy infrastructure.
A Minns administration would construct the center in collaboration with the industry-led, union-supported Plumbing Industry Climate Action Center, following the lead of its Queensland Labor equivalent.
In order to provide plumbers with specialized training in areas like fire prevention, fire control, plumbing, and hydrogen, the party has committed to constructing a Hydrogen Center of Excellence in Glenwood, Sydney.
ABS CEO emphasizes shipping’s role in hydrogen and carbon value chains
In several CERAWeek appearances, American Bureau of Shipping (ABS) president and CEO Christopher J. Wiernicki stressed the shipping industry’s role in the worldwide renewable energy transition.
Christopher J. Wiernicki told the annual meeting of ministers and CEOs from global energy and utilities, automotive, manufacturing, policy, and financial communities that shipping was the vehicle for the transition, discussing the hydrogen value chain, alternative fuels, and industry decarbonization challenges. He also stressed that governments must invest in scalability and commercial first movers.
To understand the issue, the shipping sector must examine the numbers supporting net zero carbon emissions by 2050. 70% zero-carbon e-fuels require ten times more renewable energy. 30% carbon-neutral fuel requires 100 times more carbon capture than we have now.