
| WTI Crude | $48.34/bbl | +1.0% |
| Brent Crude | $51.20/bbl | +0.7% |
| HH Nat Gas | $2.70/MMBtu | -1.1% |
| MB Propane | $0.68/gal | +8.4% |
| 3:2:1 Crack | $11.23/bbl | +7.8% |
US-based portfolio company of Fidelis Infrastructure, Grön Fuels, has selected Danish chemical technology company, Haldor Topsoe, to provide hydrotreating and hydrogen process technologies to the proposed $9.2 billion renewable fuel complex in Lousiana.
What are the technologies?
Haldor Topsoe's hydrotreating process, called HydroFlex, reacts the renewable feedstock (lipids) with hydrogen (at high temperatures and pressures) in the presence of a catalyst. The hydrogen technology, called H2Bridge, provides on-site production of hydrogen from feedstocks like renewable LPG or naphtha (instead of consuming natural gas to produce hydrogen).
Zooming out:
We've seen renewable fuels plants popping up a lot recently, as major refiners like Phillips 66 and Marathon Petroleum look to convert their old refineries. This project in Louisiana is different because the plant will be built from scratch (that's why it's more expensive).
Read the press release here.
French industrial gases company, Air Liquide, has announced that it will provide the engineering and procurement of a hydrogen liquefaction unit for Doosan Heavy Industries' demonstration plant in Changwon, South Korea.
The details:
Doosan's $1.8 million demonstration plant will produce 5 tons of hydrogen "through a reform process that improves gasoline quality" per day. That hydrogen will then be liquefied by Air Liquide's ultra-low temperature (-253°C) liquefaction plants so that it can be stored and transported more efficiently. All of the liquid hydrogen produced will be sent to hydrogen charging stations for use in fuel cell vehicles.
Bigger picture:
The South Korean government is hoping to have "310 stations and more than 67,000 hydrogen vehicles across the country by 2022.". Air Liquide has been liquefying light gases since 1902 and its expertise is critical in making a hydrogen-based South Korean transportation system possible.
Read the press release here.
Advanced recycling start-up, Agilyx, has announced that it will be partnering with the largest petrochemical company in Latin America, Braskem, to consider a potential recycling project in North America.
Some context:
We've seen Agilyx quite a bit recently (their JV with Exxon and a potential plastics-to-energy plant). Just last week we saw Braskem looking for a circular source of propylene.
What are they saying?
Braskem is addressing "the limited availability of propylene feedstock derived from post-use plastic in the market today" by partnering with Agilyx (or Encina). Agilyx and it's subsidiary, Cyclyx, will look for an "efficient pathway to produce polypropylene (PP) using difficult-to-recycle mixed waste plastic". Once Braskem has that propylene feedstock it can drop it into its polypropylene production process.
Read the press release here.