Avfoil’s Post

How many things we make starting from #oilgas??? This chart highlights the challenge - often forgotten - that hydrocarbons are not only burned .... Originally, a lot of oil was used for #electricity production... Nowadays, it is the #mobility sector the one relying mostly on it, but alternatives get developed and becoming commercially viable, including electric cars and some sustainable fuels.... But petrochemicals remain a key driver of oil demand as makes a lot of products that are used in everyday's life. And - while poorly debated - it is a sector of strategic importance as having domestically a well-developed petrochemical industry implies having access to a lot of basic goods that are backbone of a lot of important economic sectors. (and that explains quite well why #China is developing new petrochemical capacity at an unprecedented speed!!!) That is an area where the focus remains too little and too limited.... and also the efforts of recycling and re-use of petrochemical products are still too limited and inadequate. Chart from ENERGYminute #energy #future #data #sustainability #innovation

We strive to be a safe, sustainable, secure and global methanol leader. We’re the only methanol supplier with well-established production facilities and sales in all major regions, and we continue to seek opportunities to demonstrate leadership on behalf of the industry. Here is a look back at a few highlights from the past year. This year, we started commercial production at our Geismar 3 facility, which sits adjacent to our existing G1 and G2 plants. That enables G3 to be one of our lowest-cost plants with one of the lowest CO2 emissions intensity profiles in the industry by utilizing excess hydrogen from the G1 and G2 steam reforming plants. G3 strengthens our asset portfolio given its location, access to abundant natural gas and lower cost structure – and further solidifies our position as the world’s largest methanol supplier. We also announced that we have entered into a definitive agreement to acquire OCI Global’s international methanol business, which includes two world-scale methanol facilities in Beaumont, Texas, one of which also produces ammonia, as well as a low-carbon methanol production and marketing business and a currently idled methanol facility in the Netherlands. We believe the transaction will provide significant long-term value to Methanex shareholders while aligning with our strategic objectives of industry leadership, operational excellence, and financial resiliency. We expect the transaction to close in the first half of 2025. Regarding leadership in the area of methanol as a marine fuel, our Trinidad team, along with our subsidiary Waterfront Shipping, completed the first ship-to-ship methanol bunkering demonstration in the Caribbean at the Port of Point Lisas. The demonstration further proves methanol is a safe and simple-to-handle cleaner fuel that provides a future-proof pathway to a low-carbon future. #methanol #ResponsibleCare

Chemical company Clariant Catalysts is expanding its strategic cooperation with global engineering firm KBR to enhance ammonia production. The partnership will now focus more on low-carbon and carbon-free green ammonia, combining Clariant's AmoMax ammonia synthesis catalysts with KBR's K-GreeN ammonia technologies to optimize production efficiency. This green ammonia solution, which uses green hydrogen and nitrogen, has been selected for 10 major projects worldwide. The collaboration aims to support sustainable fertilizer production and the energy transition. At ICIS we have started new price assesment that covers carbon adjusted ammonia, so our customers would be ready for CBAM regulation. What are your next steps with CBAM? #GreenAmmonia #SustainableEnergy #ChemicalIndustry #AmmoniaProduction #EnergyTransition #ICIS The Carbon Border Adjustment Mechanism (CBAM) is a regulatory framework introduced by the European Union to address carbon leakage and ensure a level playing field for European industries. It imposes a carbon price on imports of certain goods from outside the EU, aiming to equalize the cost of carbon emissions between domestic and foreign producers. This mechanism encourages global trade partners to adopt similar environmental standards and helps the EU achieve its climate goals.

Idemitsu and Mitsubishi Corporation are developing ammonia handling terminals in Japan to meet the production capacity of overseas projects, such as the million-ton-per-year Baytown project led by Exxon. #decarbonization #greenenergy #greenammonia #greenenergysolutions #greenhydrogen 

Sasol in deep trouble! Sasol’s declining gas reserves and its susceptibility to volatile oil prices are drawing scrutiny over the sustainability of the business and its plans to reduce emissions. The South African fuel and chemical maker primarily uses coal in a synthetic production process at its Secunda operations — the world’s largest single-point emitter of greenhouse gas. It plans to lower emissions 30% by 2030, which hinges on replacing some of the dirtiest fossil fuel with more gas, but Sasol’s fields in Mozambique are in decline. “Sasol has very limited capacity to undertake the business, economic and technical transformations needed to align Secunda with a future highly carbon-constrained world,” according to researchers at the Trade & Industrial Policy Strategies, a non-profit economic research institution. “Without significant fixed cost reductions, Secunda margins will be squeezed, and the breakeven oil price required for Secunda will increase,” they wrote in a policy brief. https://lnkd.in/djBaTgfM

🌟 #Cynergico PVT LTD: Driving Pakistan Towards Cleaner Energy 🌟 #Cynergico PVT LTD, Pakistan's largest #oil #refining company, is taking a groundbreaking step by upgrading its two #refineries to produce Euro V compliant #petrol and #diesel. This milestone initiative aims to enhance #fuel quality, align with global environmental standards, and strengthen Pakistan's energy independence. 🔑 Key Highlights 💡 Upgrade Objective: Production of Euro V fuels with lower sulfur content for a greener environment. 🏭 Current Capacity: 156,000 barrels per day, solidifying Cynergico’s leading role in the oil refining sector. 💰 Investment Details 💵 Cost: Over $1 billion, subject to FEED study completion. 📉 Economic Impact: Reducing dependency on imported fuels and saving foreign exchange reserves. 🌍 Strategic Benefits ✅ Cleaner Fuels: Increased production of petrol and diesel; reduction in furnace oil. ⚖️ Regulatory Support: Backing from the Government of Pakistan to modernize refineries. 📊 Market Context 🌏 Import Dependency: Pakistan currently imports 83.65% of its fuel; this upgrade is a leap towards self-sufficiency. 🔄 Industry Growth: $5–$6 billion projected investments in refinery upgrades nationwide. Cynergico’s ambitious move underscores its commitment to environmental sustainability, economic resilience, and leadership in modern refining practices. 🚀 Let’s celebrate this stride toward a cleaner and self-reliant energy future! 🌱 #Cynergico #OilRefining #EnergyRevolution #PakistanEnergy #EuroV #CleanEnergy #FuelQuality #GreenFuels #Sustainability #EnvironmentFriendly #PakistanOilIndustry #EnergyIndependence #Innovation #RefineryUpgrade #EconomicGrowth #EnergySector #CleanerFuels #GlobalStandards #PetroleumIndustry #FossilFuels #SulfurReduction #GovernmentSupport #ModernRefineries #EnvironmentalImpact #SelfReliance #GreenPakistan #SustainableDevelopment #EnergyEfficiency #FuelUpgrades #EnergyTransformation #EcoFriendly

#FossilFuels #Chemicals Recommended read 🔴 "Connected we stand: Lead firm ownership ties in the global petrochemical industry" by Joachim Peter Tilsted and Fredric Bauer Highlights • The petrochemical industry is key to the global fossil energy order. • Lead firm networks conditions pressures for transformative change. • Major petrochemical firms are integrated through ownership networks. • Ownership integration amongst lead firms underpin commitments to fossil fuels. #ClimateChange #AgroChemicals #Plastics #Transparency https://lnkd.in/e3XaZisf

Proman Stena Bulk launches methanol-fueled chemical tanker in Singapore Proman Stena Bulk, a joint venture between Sweden-based tanker firm Stena Bulk and Swiss methanol producer Proman, on Thursday officially launched its sixth methanol-fueled joint venture chemical tanker in Singapore. The 49,900-deadweight tonnage (DWT) vessel called Stena Prosperous will be bunkered with a 20:80 green methanol and conventional methanol blend, they said in a joint statement. The fuel blend used by the vessel delivers carbon dioxide equivalent (CO2e) savings of 31% compared with a ship that runs on Very Low Sulphur Fuel Oil (VLSFO), with lower emissions of particulate matter (PM), sulphur oxides (SOx), and nitrogen oxides (NOx). Stena Prosperous is the last of six vessels in Proman Stena Bulk’s joint venture fleet of methanol-fueled tankers order placed in 2019, with the first ship delivered in June 2022. “With its cleaner burning qualities, methanol delivers immediate air quality benefits today, and the pathway demonstrated by our 20/80 blending strategy here in Singapore means that ship owners are also increasingly seeing it as a viable marine fuel for the future,” Proman CEO David Cassidy said. All six vessels running on methanol are now in commercial operation, with two on long-term time-charter. https://bit.ly/3yzQnlJ #methanol #efuel #energy #energytransition #futurefuel #cleanfuel #alternativefuel #marine #maritime

Proman Stena Bulk launches methanol-fueled chemical tanker in Singapore Proman Stena Bulk, a joint venture between Sweden-based tanker firm Stena Bulk and Swiss methanol producer Proman, on Thursday officially launched its sixth methanol-fueled joint venture chemical tanker in Singapore. The 49,900-deadweight tonnage (DWT) vessel called Stena Prosperous will be bunkered with a 20:80 green methanol and conventional methanol blend, they said in a joint statement. The fuel blend used by the vessel delivers carbon dioxide equivalent (CO2e) savings of 31% compared with a ship that runs on Very Low Sulphur Fuel Oil (VLSFO), with lower emissions of particulate matter (PM), sulphur oxides (SOx), and nitrogen oxides (NOx). Stena Prosperous is the last of six vessels in Proman Stena Bulk’s joint venture fleet of methanol-fueled tankers order placed in 2019, with the first ship delivered in June 2022. “With its cleaner burning qualities, methanol delivers immediate air quality benefits today, and the pathway demonstrated by our 20/80 blending strategy here in Singapore means that ship owners are also increasingly seeing it as a viable marine fuel for the future,” Proman CEO David Cassidy said. All six vessels running on methanol are now in commercial operation, with two on long-term time-charter. https://bit.ly/3yzQnlJ #methanol #efuel #energy #energytransition #futurefuel #cleanfuel #alternativefuel #marine #maritime

Trafigura completes first ship-to-ship transfer of ammonia ◼ Trafigura Group Pte Ltd (“Trafigura”), a market leader in the global commodities industry, has successfully completed its first ship-to-ship (STS) transfer of ammonia. This took place last week in international waters close to the port of Ceuta in the Strait of Gibraltar. ◼Approximately 6,000 metric tonnes of ammonia (NH3), supplied by CF Industries from their Donaldsonville, Louisiana-based manufacturing complex, was safely transferred between the Green Power Medium Gas Carrier (MGC), owned by ship owner/operator Purus on time charter to Trafigura, and Small Gas Carrier the Gas Aegean. The shipment will be received by Fertiberia for the production of fertilizer. ◼Our first safe and efficient ship-to-ship transfer of ammonia supports our growing ammonia trading activity. Importantly, it demonstrates the feasibility of ammonia bunkering in the future as demand grows for the hydrogen-based low carbon fuels that will enable the shipping industry to decarbonise,” said Andrea Olivi, Head of Wet Freight for Trafigura. ◼In May 2024, Trafigura signed a contract for four MGCs that will be capable of using low-carbon ammonia as a propulsion fuel when delivered. ◼Trafigura is one of the world’s largest charterers of vessels, responsible for more than 5,000 voyages a year with around 400 ships currently under management. The company has committed to reduce the greenhouse gas intensity of its shipping fleet by 25 percent by the end of FY2030, against the 2019 IMO benchmark. Since 2020, Trafigura has led the industry in calling for a global carbon levy on marine fuels to incentivise and accelerate the uptake of low-carbon marine fuels. ◼Trafigura’s shipping team is one of the few operators to have tested a full range of alternative shipping fuels including LNG, methanol, LPG and biofuels on its owned and chartered vessels. It has co-sponsored the development of a two-stroke engine by MAN Energy Solutions that can run on low carbon ammonia and is also investing in on-board emissions capture technology. The source: Trafigura #energyticslimited #energyefficiency #renewableenergy #ammonia