Air Liquide has announced its acquisition of a majority equity in Norwegian company Skagerak Naturgass AS, a subsidiary of Skagerak Energi that belongs to Europe’s largest generator of renewable energy, Statkraft.
Skagerak Naturgass AS operates a distribution network delivering natural gas to industry, and 100 percent biomethane to the Norwegian transport sector through four bio-natural gas for vehicle (bio-NGV) stations installed in the Oslo region. This new joint venture allows Air Liquide to pursue its business development in the Scandinavian biogas market, firmly aligned with its aim of harnessing renewables technology for clean transport.
Scandinavia and Norway in particular constitute one of Europe’s key markets in the development of sustainable mobility. The Government has declared targets for reducing greenhouse gas emissions and is committed to phasing out fossil fuel-powered vehicles altogether by 2030.
In 2014, Air Liquide purchased FordonsGas, a Swedish biogas distribution company that owns and operates a network of 50 compressed biogas (CBG) stations providing customers with fuel from one of the world’s largest biogas liquefaction facilities, which chiefly produces CBG for the Swedish transportation market.
Like hydrogen, biogas contributes to address today’s energy and environmental challenges by offering an alternative to fossil fuels. Air Liquide is present across the value chain of both these renewables, from production through storage and distribution, to the development of applications that serve their end users.
Source: Air Liquide
INEOS Styrolution, the global leader in styrenics, has today announced the official opening of a new world-scale ABS facility located in Ningbo, China, together with its joint venture partner SINOPEC. The facility has an annual nameplate capacity of 600,000 tonnes.
The merger of Röhm’s Acrylic Products business unit and SABIC’s Functional Forms business has resulted in the formation of Polyvantis. This new company will offer extruded products in the forms film, sheet, pipe and rod for markets that include building and construction, transportation and aviation, electrical and electronics, automotive and home and garden.
Abu Dhabi National Oil Co. (Adnoc) is considering plans to acquire upstream oil and gas company Wintershall DEA, an affiliate of BASF SE, according to a Bloomberg report citing people with knowledge of the matter. A deal to acquire Wintershall DEA could be worth more than €10 billion, the report said. BASF and Adnoc declined to comment on the report.