Methanol

China Bluechem's Profit Achieves Record High in 2023, Up 45.0% Year-on-Yearly to RMB 2.382 Billion

Retrieved on: 
Sunday, March 24, 2024
Methanol, Farmer, Growth, RMB, ESG, Research, Sale, Carbon, CO2, ABS, Pollution, Fertilizer, Acrylonitrile, Chemical industry, Urea, DAP

Net profit attributable to owners of the Company grew 45.0% year-on-yearly to RMB 2.382 billion, which was the best performance since the establishment of the Company.

Key Points: 
  • Net profit attributable to owners of the Company grew 45.0% year-on-yearly to RMB 2.382 billion, which was the best performance since the establishment of the Company.
  • The Board has recommended the payment of a final dividend of RMB0.207 per share (tax inclusive) for 2023, hitting record high and representing a payout ratio of 40%.
  • As a result, China BlueChem's brand value has been enhancing continuously and reached RMB5.404 billion in 2023, up by RMB1.433 billion as compared with the previous year, which was a record-high increment.
  • Furthermore, the Company will intensify research on the resource utilization of carbon-rich natural gas and CO2 to champion carbon reduction.

Nu:ionic Hydrogen-Producing Microwave Reactor Achieves Commercial Threshold

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Tuesday, March 26, 2024
Research, Electricity, Photograph, Methanol, Regional Development Agency (Canada), Natural gas, Innovation Center station, Steam, Atlantic Canada, Carbon, TPD, ACOA, CO2, Hydrogen, Atmosphere, SMR, Photography, ONB, Ammonia, MCR, Boshoff, Renewable energy

This commercial scale, 100kW electrified reactor can be used in many applications for low carbon hydrogen production from various feedstocks, including biogas, natural gas or renewable ammonia.

Key Points: 
  • This commercial scale, 100kW electrified reactor can be used in many applications for low carbon hydrogen production from various feedstocks, including biogas, natural gas or renewable ammonia.
  • The reactor is undergoing rigorous testing and accumulating run time in the company’s Fredericton, New Brunswick Research and Innovation Center.
  • Microwave Catalytic Reformer installation at Nu:ionic’s Research and Innovation Center.
  • The Microwave Catalytic Reformer is an example of an innovative use of industrial microwave technology for natural gas reforming and other applications,” said Jim Tranquilla, President and Chief Technology Officer.

Celanese Completes Series of Strategic Actions Across its Global Acetyl Chain

Retrieved on: 
Tuesday, April 9, 2024
Sustainability, Chemicals, Plastics, Environment, Manufacturing, Carbon, Methanol, Adhesive, Building material, VAE, Acetyl group, CE, Acetic acid, Corporation, Food packaging, Carbon monoxide, CCU, Plant, ISCC, AC, Chemical substance, CO2, RDP

Celanese Corporation (NYSE: CE), a global specialty materials and chemical company, today announced several strategic milestones at its Clear Lake, Texas, and Nanjing, China, plants to enhance the competitive cost position, sustainable footprint and operational flexibility of the Acetyl Chain (AC) business and allow it to meet future demand growth.

Key Points: 
  • Celanese Corporation (NYSE: CE), a global specialty materials and chemical company, today announced several strategic milestones at its Clear Lake, Texas, and Nanjing, China, plants to enhance the competitive cost position, sustainable footprint and operational flexibility of the Acetyl Chain (AC) business and allow it to meet future demand growth.
  • The low-carbon methanol can provide customers with low-carbon ECO-CC AC and Engineered Materials downstream products for a wide range of consumer applications.
  • The startup of a new vinyl acetate ethylene (VAE) unit in Nanjing and completion of global, low-capital downstream redispersible polymer powders (RDP) debottlenecking projects.
  • The Celanese subsidiary, Celanese (Nanjing) Chemical Co. Ltd., has extended its CO Phase II contract with Nanjing Chengzhi Clean Energy Co., Ltd. for the supply of carbon monoxide to its facility in Nanjing.

EuroGreen Maritime Secures Seven-Year Charter with Equinor ASA for Four Advanced Hybrid Battery / Dual-Fuel Methanol Tankers with Wingsails

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Monday, April 8, 2024
Sustainability, Environment, Alternative Energy, Energy, Technology, Maritime, Transport, Other Technology, Methanol, EGM, GHG, Sulfur oxide, Wind, NOx, Ship, Multimedia, EQNR, Shipbuilding

This transaction represents a significant advancement in green shipping and underscores a shared vision for a cleaner, more sustainable maritime industry.

Key Points: 
  • This transaction represents a significant advancement in green shipping and underscores a shared vision for a cleaner, more sustainable maritime industry.
  • These ships will be managed on behalf of EGM by V.Ships France under this time charter agreement with Equinor upon delivery.
  • Equinor ASA plans to deploy these technologically advanced vessels into product trading activities.
  • This initiative represents a significant step in reducing maritime operations' environmental footprint, further aligning with EGM's and Equinor's sustainability goals.

Advent Technologies Signs Strategic Joint Development Agreement with Siemens Energy to Expedite the Decarbonization of the Maritime Sector

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Thursday, April 4, 2024
Technology, Manufacturing, Maritime, Other Energy, Transport, Recycling, Alternative Energy, Environment, Energy, Engineering, Hardware, Proton, Hydrogen, Electricity, Temperature, Advent, Joint, Methanol, Digital, Sanlorenzo S.p.a., Humidity, Ion, Research, Siemens Energy, JDA, CO2, MEA, German, Renewable energy

Advent Technologies Holdings, Inc., an innovation-driven leader in the fuel cell and hydrogen technology sectors, is pleased to announce that its wholly owned subsidiary, Advent Technologies A/S (“Advent”), has signed a Joint Development Agreement (“JDA”) with Siemens Energy, one of the world's leading energy technology companies.

Key Points: 
  • Advent Technologies Holdings, Inc., an innovation-driven leader in the fuel cell and hydrogen technology sectors, is pleased to announce that its wholly owned subsidiary, Advent Technologies A/S (“Advent”), has signed a Joint Development Agreement (“JDA”) with Siemens Energy, one of the world's leading energy technology companies.
  • The innovative clean energy solution resulting from this multi-year collaboration is expected to initially address the power needs of large yachts.
  • This agreement builds upon the strong collaboration between Advent and Siemens Energy, which began in February 2022 with the Sanlorenzo Life Ocean pilot project.
  • Advent Technologies' HT-PEM fuel cells utilizing the innovative Ion Pair™ MEA technology, offer high-temperature operation between 80°C and 240°C.

Global Green Hydrogen Market Outlook & Forecast 2024-2029, Featuring Key Player Profiles of Nel, ITM Power, ENGIE, Siemens Energy and Air Products and Chemicals - ResearchAndMarkets.com

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Monday, March 25, 2024
Chemicals, Plastics, Environment, Manufacturing, Alternative Energy, Green Technology, Energy, Hydrogen, Carbon, Electricity, International Energy Agency, Methanol, Growth, Heat, Steel, Solar energy, Knowledge, Aviation, PEM, Air Products, Wind, GCC, MENA, Air Liquide, Oxygen, Linde, Ammonia, IEA, MEA, USD, Government, Electrolysis, Gulf Cooperation Council, Renewable energy

The global green hydrogen market is expected to grow at a CAGR of 53.53% from 2023 to 2029, reaching USD 84.03 Billion by 2029.

Key Points: 
  • The global green hydrogen market is expected to grow at a CAGR of 53.53% from 2023 to 2029, reaching USD 84.03 Billion by 2029.
  • Presently, the European region stands out as a leader in implementing green hydrogen commercialization plants and supports the growth of the green hydrogen market.
  • The global green hydrogen market is marked by a diverse competitive landscape, encompassing various technologies and players across different segments.
  • Several companies actively contribute to the industry's development, with competition arising from traditional hydrogen production methods, green hydrogen technology providers, and companies selling green hydrogen as an end product.

Celanese Achieves ISCC CFC Certification for Low Carbon CCU Methanol

Retrieved on: 
Thursday, March 21, 2024
Alternative Energy, Chemicals, Plastics, Energy, Manufacturing, Carbon, Atmosphere, Engineering, Methanol, Certification, CE, Carbon footprint, CCS, CFC, CCU, ISCC, CO2, Chemical industry, Legislation

As part of its Fairway Methanol joint venture with Mitsui & Co., Ltd., Celanese Corporation (NYSE: CE), a global specialty materials and chemical company, today announced that the International Sustainability and Carbon Certification (ISCC) has certified its Low Carbon CCU (carbon capture and utilization) Methanol under the ISCC Carbon Footprint Certification (CFC) system.

Key Points: 
  • As part of its Fairway Methanol joint venture with Mitsui & Co., Ltd., Celanese Corporation (NYSE: CE), a global specialty materials and chemical company, today announced that the International Sustainability and Carbon Certification (ISCC) has certified its Low Carbon CCU (carbon capture and utilization) Methanol under the ISCC Carbon Footprint Certification (CFC) system.
  • The newly certified Low Carbon CCU Methanol demonstrates a greater than 70% reduction in carbon footprint relative to a global average benchmark for fossil-based methanol production, as included in EU legislation.
  • Celanese began operating one of the largest active CCU facilities in the world at its Clear Lake, Texas, site in January 2024.
  • By leveraging CCU, Celanese now offers customers low-carbon options across its Acetyl Chain and Engineered Materials products under the ECO-CC name.

Europe PEM (Polymer Electrolyte Membrane) Electrolyzer Markets, 2022-2023 and 2031: Burgeoning Opportunities with Rising Demand for Green Fuel Technologies and Green Fertilizers - ResearchAndMarkets.com

Retrieved on: 
Wednesday, March 13, 2024
Energy, Other Energy, Other Manufacturing, Manufacturing, Electricity, Methanol, Benchmarking, Growth, GHG, Transport, PEM, Wind, Carbon, Traction, Ammonia, Electrolysis, Video game

The absence of hydrogen-related infrastructure, such as transportation and storage facilities, could, nevertheless, soon impede the growth of the PEM electrolyzer business in the area.

Key Points: 
  • The absence of hydrogen-related infrastructure, such as transportation and storage facilities, could, nevertheless, soon impede the growth of the PEM electrolyzer business in the area.
  • The Europe market is seeing a rise in the sales of proton exchange membrane (PEM) electrolyzers as a result of several significant causes.
  • Competitive Strategy: Key players in the Europe PEM electrolyzer market analyzed and profiled in the study involve PEM electrolyzer manufacturers and the overall ecosystem.
  • What are the major market drivers, challenges, and opportunities in the Europe PEM Electrolyzer Market?

ResourceWise Launches ChemEdge360, Market Intelligence for the Chemicals Industry

Retrieved on: 
Thursday, March 21, 2024
Solvent, Chemical industry, Methanol, Diol, History, PDF, Movement, Small business, Retail

CHARLOTTE, N.C., March 21, 2024 /PRNewswire/ -- ResourceWise is excited to introduce ChemEdge360, the latest advancement in market intelligence platforms for methanol, glycols, and solvents.

Key Points: 
  • CHARLOTTE, N.C., March 21, 2024 /PRNewswire/ -- ResourceWise is excited to introduce ChemEdge360, the latest advancement in market intelligence platforms for methanol, glycols, and solvents.
  • Rooted in a legacy of market intelligence established by Houston-based Chemical Intelligence, ChemEdge360 represents ResourceWise's continued dedication to customer success in the chemicals, forest products, and renewable fuels industries.
  • "The future of the chemical sector depends on timely, accurate, and strategic data and insights," stated George West, founder of Chemical Intelligence, now part of ResourceWise.
  • The new platform is now accessible to industry professionals seeking a robust, data-driven approach to identify market trends and growth opportunities.

ResourceWise Launches ChemEdge360, Market Intelligence for the Chemicals Industry

Retrieved on: 
Thursday, March 21, 2024
Solvent, Chemical industry, Methanol, Diol, History, PDF, Movement, Small business, Retail

CHARLOTTE, N.C., March 21, 2024 /PRNewswire/ -- ResourceWise is excited to introduce ChemEdge360, the latest advancement in market intelligence platforms for methanol, glycols, and solvents.

Key Points: 
  • CHARLOTTE, N.C., March 21, 2024 /PRNewswire/ -- ResourceWise is excited to introduce ChemEdge360, the latest advancement in market intelligence platforms for methanol, glycols, and solvents.
  • Rooted in a legacy of market intelligence established by Houston-based Chemical Intelligence, ChemEdge360 represents ResourceWise's continued dedication to customer success in the chemicals, forest products, and renewable fuels industries.
  • "The future of the chemical sector depends on timely, accurate, and strategic data and insights," stated George West, founder of Chemical Intelligence, now part of ResourceWise.
  • The new platform is now accessible to industry professionals seeking a robust, data-driven approach to identify market trends and growth opportunities.