ChemOne’s PEC signs up supply, offtake deals
The facility will process 150,000 barrels per day of condensate, producing 2.3 million tonnes per year pf aromatics. It will produce 50,000 tpy of hydrogen.
The facility will process 150,000 barrels per day of condensate, producing 2.3 million tonnes per year pf aromatics. It will produce 50,000 tpy of hydrogen.
Japanese companies have struck a number of LNG deals, as the government pushes to lock in future energy supplies.
Adnoc has strengthened its low-carbon ties with Japan, signing deals on blue hydrogen and ammonia, during a three-day visit.
Japanese trading giant Mitsui & Co. nearly tripled its full-year profit to an all-time high on soaring energy and commodity prices, and said the company will keep its involvement in liquefied natural gas projects in Russia.
Adnoc and ADQ have agreed a partnership deal with Japanese and South Korean companies on developing a blue ammonia facility at the TA’ZIZ zone in Ruwais.
M&G, a FTSE-100 listed savings and investments business, has become the fourth external shareholder in Storegga Geotechnologies, the lead developer of the Acorn carbon capture and storage and hydrogen project near Peterhead.
Storegga Geotechnologies is to give the Acorn carbon capture and storage (CCS) project a financial boost after securing additional capital.