LyondellBasell has appointed Michael McMurray executive vice president and chief financial officer (CFO), effective 5 November. He replaces Thomas Aebischer, who will retire at the end of 2019.
McMurray joins LyondellBasell following a nearly 11-year career at Owens Corning, where he served as vice president/investor relations and treasurer; vice president/finance for the building materials group; and, for the past seven years, CFO. He previously spent 21 years with Royal Dutch Shell.
“Because he has worked both upstream and downstream of LyondellBasell, he has a unique perspective on market dynamics and how we can continue to create and deliver value,” says Bob Patel, CEO of LyondellBasell.
By Clay Boswell
Source: Chemical Week
France has launched an offshore green hydrogen production platform at the country’s Port of Saint-Nazaire this week, along with its first offshore wind farm. The hydrogen plant, which its operators say is the world’s first facility of its type, coincides with the launch of another “first of its kind” facility in Sweden dedicated to storing hydrogen in an underground lined rock cavern (LRC).
The project sets up the Hydrogen Valley in Rome, the first industrial-scale technological hub for the development of the national supply chain for the production, transport, storage and use of hydrogen for the decarbonization of industrial processes and for sustainable mobility.
At first glance, hydrogen seems to be the perfect solution to our energy needs. It doesn’t produce any carbon dioxide when used. It can store energy for long periods of time. It doesn’t leave behind hazardous waste materials, like nuclear does. And it doesn’t require large swathes of land to be flooded, like hydroelectricity. Seems too good to be true. So…what’s the catch?