Sector News

Six petrochemical companies create consortium and sign R&D deal

August 29, 2019
Energy & Chemical Value Chain

Six petrochemical companies from Belgium, Germany and the Netherlands have created a consortium to investigate the possibility of replacing fossil fuels with renewable electricity in the operation of naphtha or gas steam crackers.

Comprising BASF, Borealis, BP, LyondellBasell, SABIC and Total, the Cracker of the Future consortium aims to explore electrical cracking to produce base chemicals while reducing carbon emissions.

Steam crackers produce base chemicals such as ethylene, propylene, butadiene and BTX, which are then transformed into plastics to be used in lightweight vehicle components.

The firms agreed to invest in research and development as they evaluate the feasibility of transitioning their base chemical production to renewable electricity.

Although using electricity produced from renewable sources reduces cracker emissions, a major challenge in developing electrical cracker technology is to ensure that the solution is technologically and economically viable as against the existing process. Furthermore, it has to fit into a future low-carbon value chain.

Following the agreement, the consortium members will explore and test technical options. In the event a potential technical solution has been identified, the firms will evaluate whether to pursue joint development project, including R&D activities, which could consist of a demonstrator for proof of concept for base chemicals.

The six members of the Cracker of the Future Consortium is chaired by the Brightlands Chemelot Campus.

Brightlands Chemelot Campus CEO Bert Kip said: “This is a unique collaboration that aims to reduce our industry’s carbon footprint for the betterment of society as a whole.

“It demonstrates the commitment of our industry to collectively seek technological solutions to minimise greenhouse gas emissions from our operations. We are proud to have taken this first step together and look forward to the successes that lie ahead.”

Source: Chemicals Technology

comments closed

Related News

May 4, 2024

Heikki Malinen appointed as the President and CEO of Neste Corporation

Energy & Chemical Value Chain

Neste Corporation’s Board of Directors has appointed Heikki Malinen, M.Sc. (Econ.), MBA (Harvard) as the President and CEO of Neste as of 2 November 2024, at the latest. Malinen joins Neste from Outokumpu Corporation where he has held the position of President and CEO since 2020.

May 4, 2024

Rossouw to step down as Sasol CFO in October

Energy & Chemical Value Chain

Petrochemicals company Sasol has announced that CFO and executive director Hanré Rossouw will step down from his position, effective October 31. Sasol has started the process to appoint a successor. Rossouw will still oversee the publication of Sasol’s reports for the financial year ending June 30, to allow for a structured handover period.

May 4, 2024

Chemours CFO Jonathan Lock resigns following code of ethics violations

Energy & Chemical Value Chain

Chemours announced its CFO Jonathan Lock has resigned from all positions within the company, according to an SEC 8-K filing on April 23. The resignation comes in the aftermath of the company announcing that Lock, former CEO Mark Newman, and principal accounting officer Camela Wisel, had been placed on administrative leave.

How can we help you?

We're easy to reach