Air Liquide Global E&C Solutions has been awarded a contract for engineering works for Yuhuang Chemical’s (YCI) new $1.85bn methanol manufacturing complex in St James Parish, Louisiana, US.
The plant is expected to have a capacity of 1.7 million tonnes a year.
The contract includes procurement services to the Chinese company for long lead and other equipment required for the plant.
YCI manufacturing vice-president Jerry Oliver said: “With an overall goal to complete this plant in early 2018, starting work on detailed engineering now is important and timely.”
Work on the project will be carried out in three phases and construction on the first phase is slated to begin in the fourth quarter.
YCI announced plans to build the methanol manufacturing facility in July 2014, as part of its strategy to take advantage of cheaper shale gas prices in the US to produce chemicals.
Louisiana Economic Development said that the project will create 400 new jobs and 2,365 new indirect jobs.
The initial phase of the methanol project is set to begin operations by 2018.
Following the completion of the first plant, the company plans to build a second plant, which would boost its methanol capacity to three million metric tonnes a year.
In the third phase, YCI will construct a methanol derivatives plant that will produce intermediate chemicals.
Source: Chemicals Technology
Neste announced that the EU Innovation Fund has given a positive grant decision of €88-million funding to Neste’s green hydrogen and CO2 capture & storage project, which aims to quickly and efficiently reduce greenhouse gas emissions at the Porvoo refinery in Finland.
Shell has been incorporated in the UK with Dutch tax residence and dual share structure since 2005. Under its new proposal, which shareholders will vote on in December, it will move its tax residence from the Netherlands to the UK, adopt a single share structure that will increase the amount of cash it can return to shareholders, and drop “Royal Dutch” from its name and simply be called Shell.
How are chemical elements produced in our Universe? Where do heavy elements like gold and uranium come from? Using computer simulations, a research team from the GSI Helmholtzzentrum für Schwerionenforschung in Darmstadt, shows that the synthesis of heavy elements is typical for certain black holes with orbiting matter accumulations.