Sadara Chemical has signed a deal to supply ethylene oxide (EO) and propylene oxide (PO) to SADIG-ILCO, a new Saudi-German joint venture focused on EO and PO derivative products, Sadara said in a statement late Tuesday.
Under the deal, SADIG-ILCO’s new PlasChem Park facility at Jubail Industrial City II in Saudi Arabia will offtake EO and PO from Sadara through pipelines being established by Sadara.
SADIG-ILCO is a joint venture between Saudi SADIG Industries and German specialty chemicals company ILCO Chemikalien.
SADIG develops and promotes downstream industries in Saudi Arabia. ILCO, based near Dusseldorf, develops and markets its own specialty products, and it distributes products for major chemical companies.
Sadara, for its part, is a joint venture between Saudi Arabian Oil Co (Saudi Aramco) and Dow Chemical.
Source: ICIS News
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?