Ammonia

Moda Completes Sale of Vopak Moda Houston Terminal Interest

Retrieved on: 
Tuesday, January 16, 2024
Professional Services, Transport, Logistics, Supply Chain Management, Oil, Gas, Energy, Finance, Entrepreneurship, Ammonia, Partnership, Vinson & Elkins, Sale, Engineering, Petroleum

Moda Midstream (“Moda”) announced today that the company and its financial sponsor EnCap Flatrock Midstream completed the previously announced sale of Moda’s 50 percent interest in the Vopak Moda Houston terminal joint venture to Madrid-based Exolum, a leading European logistics company for liquid products, with operations in nine countries.

Key Points: 
  • Moda Midstream (“Moda”) announced today that the company and its financial sponsor EnCap Flatrock Midstream completed the previously announced sale of Moda’s 50 percent interest in the Vopak Moda Houston terminal joint venture to Madrid-based Exolum, a leading European logistics company for liquid products, with operations in nine countries.
  • “Moda has again accomplished its mission to develop the most advantaged, sophisticated terminaling infrastructure in our industry,” said Moda Midstream CEO and Co-Founder Jonathan Z. Ackerman.
  • “I applaud the collaboration and execution by Moda’s team of experts in commercial development, engineering and design, project management, operations, and sustainability.
  • I also would like to thank the EnCap Flatrock Midstream team for their support over our many years of partnership during the commercialization of the Vopak Moda Houston terminal facility, the Moda Ingleside Energy Center, and other Moda assets.”
    “The Moda team has successfully delivered a world-class asset for the storage and handling of ammonia in the Houston Ship Channel,” said EnCap Flatrock Midstream Managing Partner Gregory C. King.

IDTechEx Reports on Hydrogen's Decade Ahead: Energizing the Future

Retrieved on: 
Monday, January 15, 2024
Hydrogen, Methanol, Pipeline, Research, LH2, Air Products, AWE, Chiyoda Corporation, Electricity, LOHC, CHP, KOH, Steel, Uniper, DRI, SMR, Growth, CO2, Bev, LCOH, Aviation, Renewable energy, Heat, Policy, Climate change mitigation, LRC, Transport, Kawasaki Heavy Industries, Linde, Nickel, PGM, Toyota, Ammonia, Atmospheric pressure, Investment, Hyundai, Nafion, PEM, Plant, Iridium, Iron, Natural gas, Port, HESC, Traction, Suiso Frontier, CCUS, Shaheen Foundation, Methane, Distribution, Nexø, Platinum, Mirai, ATR, Air Liquide, POX, Daimler Truck

IDTechEx anticipates SMR, POX, and ATR to lead the blue hydrogen sector in the coming decade, with ATR potentially dominating new production capacity by 2034.

Key Points: 
  • IDTechEx anticipates SMR, POX, and ATR to lead the blue hydrogen sector in the coming decade, with ATR potentially dominating new production capacity by 2034.
  • However, IDTechEx predicts AWE and PEMEL will lead the market in the coming decade due to their established presence.
  • Major steelmaking companies view this as the future of sustainable steel, anticipating it to replace carbon-intensive blast furnace processes.
  • IDTechEx offer access to the full portfolio of energy related research through bespoke subscription services – visit www.IDTechEx.com/Energy to find out more.

IDTechEx Reports on Hydrogen's Decade Ahead: Energizing the Future

Retrieved on: 
Monday, January 15, 2024
Hydrogen, Methanol, Pipeline, Research, LH2, Air Products, AWE, Chiyoda Corporation, Electricity, LOHC, CHP, KOH, Steel, Uniper, DRI, SMR, Growth, CO2, Bev, LCOH, Aviation, Renewable energy, Heat, Policy, Climate change mitigation, LRC, Transport, Kawasaki Heavy Industries, Linde, Nickel, PGM, Toyota, Ammonia, Atmospheric pressure, Investment, Hyundai, Nafion, PEM, Plant, Iridium, Iron, Natural gas, Port, HESC, Traction, Suiso Frontier, CCUS, Shaheen Foundation, Methane, Distribution, Nexø, Platinum, Mirai, ATR, Air Liquide, POX, Daimler Truck

IDTechEx anticipates SMR, POX, and ATR to lead the blue hydrogen sector in the coming decade, with ATR potentially dominating new production capacity by 2034.

Key Points: 
  • IDTechEx anticipates SMR, POX, and ATR to lead the blue hydrogen sector in the coming decade, with ATR potentially dominating new production capacity by 2034.
  • However, IDTechEx predicts AWE and PEMEL will lead the market in the coming decade due to their established presence.
  • Major steelmaking companies view this as the future of sustainable steel, anticipating it to replace carbon-intensive blast furnace processes.
  • IDTechEx offer access to the full portfolio of energy related research through bespoke subscription services – visit www.IDTechEx.com/Energy to find out more.

PIS with BGN Adds Two Giant Gas Tankers, Supporting Energy Resilience and Global Market Expansion for Indonesia

Retrieved on: 
Thursday, January 11, 2024
Hyundai Samho Heavy Industries, Ammonia, Artificial intelligence, BGN, Partnership, LPG, Ship, VLGC, Water, NDC, Transport, Augmented reality, PIS, Shipbuilding

Named the VLGC Pertamina Gas Tulip and the VLGC Pertamina Gas Bergenia, they are among the world's largest gas tankers, environmentally friendly and using the latest technology.

Key Points: 
  • Named the VLGC Pertamina Gas Tulip and the VLGC Pertamina Gas Bergenia, they are among the world's largest gas tankers, environmentally friendly and using the latest technology.
  • "The presence of these two VLGC ships will undoubtedly enhance the capability of the Pertamina Group in securing energy supplies to support national energy resilience.
  • We are pleased to help strengthen the energy security of Indonesia at the same time as supporting BGN's global energy and commodities trading platform with these maritime assets."
  • The vessels' sustainability advantages that contribute to the global energy transition include having dual-fuel tanks, enabling the optimization of low sulfur fuel and gas.

8 Rivers Announces Cormorant Clean Energy Project, the First Commercial Deployment of 8RH2 Ultra-Low Carbon Hydrogen Technology

Retrieved on: 
Tuesday, January 9, 2024
Hydrogen, CO2, Aviation, Head, Ammonia, Cormorant, Power, Agriculture, Ship, Environment, Carbon, Transport, Workforce, River, Growth, Renewable energy

The Cormorant project will be powered by 8 Rivers’ proprietary 8RH2 hydrogen process, representing the first commercial deployment of the technology.

Key Points: 
  • The Cormorant project will be powered by 8 Rivers’ proprietary 8RH2 hydrogen process, representing the first commercial deployment of the technology.
  • 8RH2 is an ultra-low-carbon hydrogen process that harnesses oxy-combustion to eliminate CO2 emissions and lower costs.
  • “The Cormorant Clean Energy Project is the ideal location to deploy our 8RH2 platform commercially, at scale for the first time,” said Steve Milward, Chief Operating Officer at 8 Rivers.
  • 8RH2 provides the key to scaling ultra-low-carbon hydrogen and ammonia production to industrial production scale at Cormorant.

CCMP Growth Advisors Announces Partnership With Innovative Refrigeration

Retrieved on: 
Thursday, January 11, 2024
Technology, Aftermarket, Automotive, Finance, Engineering, Banking, Professional Services, Software, Manufacturing, Food Tech, CO2, CCMP, Refrigeration, Growth, Ammonia, Food, Multimedia, Stifel, Investment, Safety, Ropes & Gray, Video game

CCMP Growth Advisors, LP (“CCMP Growth”) and Innovative Refrigeration Systems, Inc. (the “Company” or “Innovative”), a family-owned business which is a leader in design build engineering and aftermarket services for industrial refrigeration systems, today announced that CCMP Growth has partnered with Founder and CEO Mike McGinnis to invest in the Company and support its continued growth.

Key Points: 
  • CCMP Growth Advisors, LP (“CCMP Growth”) and Innovative Refrigeration Systems, Inc. (the “Company” or “Innovative”), a family-owned business which is a leader in design build engineering and aftermarket services for industrial refrigeration systems, today announced that CCMP Growth has partnered with Founder and CEO Mike McGinnis to invest in the Company and support its continued growth.
  • Tom Goeke, previously CEO of two legacy CCMP portfolio companies, will join the board and bring his expertise in building aftermarket service and software organizations to Innovative.
  • Mark McFadden, Co-Managing Partner of CCMP Growth, said, “Innovative is an outstanding, high growth business with a talented, dedicated management team, exactly the type of business with which CCMP Growth seeks to partner.
  • Current Capital Advisors, LLC acted as financial advisor and Ropes & Gray LLP acted as legal advisor to CCMP Growth.

NuStar Energy L.P. to Announce Fourth Quarter 2023 Earnings Results on February 15, 2024

Retrieved on: 
Tuesday, January 9, 2024
Energy, Other Energy, Utilities, Oil, Gas, Q&A, Partnership, NuStar Energy, NuSTAR, Person, Ammonia, Sustainability, NS, Central Time

NuStar Energy L.P. (NYSE: NS) today announced that it will host a conference call on Thursday, February 15, 2024 at 9:00 a.m. Central Time to discuss the fourth quarter 2023 earnings results, which will be released earlier that day.

Key Points: 
  • NuStar Energy L.P. (NYSE: NS) today announced that it will host a conference call on Thursday, February 15, 2024 at 9:00 a.m. Central Time to discuss the fourth quarter 2023 earnings results, which will be released earlier that day.
  • Persons interested in listen-only participation may access the conference call directly at https://edge.media-server.com/mmc/p/ix273q3o .
  • Persons interested in Q&A participation may pre-register for the conference call and obtain a dial-in number and passcode at https://register.vevent.com/register/BIee1568b1e27845da9c4719be0beac3c5 .
  • The Partnership’s combined system has approximately 49 million barrels of storage capacity, and NuStar has operations in the United States and Mexico.

Cape Hardy Hydrogen Hub of South Australia Update

Retrieved on: 
Thursday, January 11, 2024
Hydrogen, Energy, Transaction, Iron Road Limited, Engineering, Amp, Iron, Ammonia, Cape Hardy, Shell, World Bank, Mining, Lead programmer, Renewable energy

Over the previous nine months Amp and Iron Road have also discussed expanding the intent of the Cape Hardy Green Hydrogen project to include an industrial manufacturing precinct centred on the green hydrogen & minerals value chain.

Key Points: 
  • Over the previous nine months Amp and Iron Road have also discussed expanding the intent of the Cape Hardy Green Hydrogen project to include an industrial manufacturing precinct centred on the green hydrogen & minerals value chain.
  • We believe the Cape Hardy Green Hydrogen project is strategically well positioned as one of Australia's flagship hydrogen projects," said Paul Ezekiel Amp President and founder.
  • Minister for Energy and Mining Tom Koutsantonis said "The strong progress achieved by the Cape Hardy Green Hydrogen project reflects the momentum of South Australia's emerging hydrogen industry.
  • In addition to creating thousands of jobs for South Australians, projects like this facility at Cape Hardy contribute to our government's net zero goals and strengthen the state's economy.

Cape Hardy Hydrogen Hub of South Australia Update

Retrieved on: 
Thursday, January 11, 2024
Hydrogen, Energy, Transaction, Iron Road Limited, Mountain Dew Amp, Engineering, Amp, Iron, Ammonia, Cape Hardy, Shell, World Bank, Mining, Lead programmer, Renewable energy

Over the previous nine months Amp and Iron Road have also discussed expanding the intent of the Cape Hardy Green Hydrogen project to include an industrial manufacturing precinct centred on the green hydrogen & minerals value chain.

Key Points: 
  • Over the previous nine months Amp and Iron Road have also discussed expanding the intent of the Cape Hardy Green Hydrogen project to include an industrial manufacturing precinct centred on the green hydrogen & minerals value chain.
  • We believe the Cape Hardy Green Hydrogen project is strategically well positioned as one of Australia's flagship hydrogen projects," said Paul Ezekiel Amp President and founder.
  • Minister for Energy and Mining Tom Koutsantonis said "The strong progress achieved by the Cape Hardy Green Hydrogen project reflects the momentum of South Australia's emerging hydrogen industry.
  • In addition to creating thousands of jobs for South Australians, projects like this facility at Cape Hardy contribute to our government's net zero goals and strengthen the state's economy.

KBR Blue Ammonia Technology Selected for a Low-Carbon Project in the US Gulf Coast

Retrieved on: 
Wednesday, January 10, 2024
Hydrogen, Senior, KBR, Ammonia, INPEX, Carbon, Safety, LSB, Renewable energy

HOUSTON, Jan. 10, 2024 /PRNewswire/ -- KBR (NYSE: KBR) announced today that its blue ammonia technology has been selected by Tokyo-based INPEX Corporation and Oklahoma City-based LSB Industries for a large, commercial-scale clean ammonia production and export project in the US Gulf Coast.

Key Points: 
  • HOUSTON, Jan. 10, 2024 /PRNewswire/ -- KBR (NYSE: KBR) announced today that its blue ammonia technology has been selected by Tokyo-based INPEX Corporation and Oklahoma City-based LSB Industries for a large, commercial-scale clean ammonia production and export project in the US Gulf Coast.
  • "We are honored to work with INPEX and LSB on this strategic project to implement our market-leading low-carbon blue ammonia technology," said Doug Kelly, KBR President, Technology.
  • "KBR brings a wealth of experience, expertise and innovation to this world-scale, blue ammonia project," said Mark Behrman, LSB Industries President and CEO.
  • KBR is a world leader in ammonia technology and has been at the forefront of innovation in the ammonia industry for decades.