Page 164 - CW E-Magazine (27-2-2024)

News from Abroad

COMMERCIAL SCALE PROJECT
Eneos choses Honeywell technology for liquid organic

hydrogen carrier project

Honeywell has announced that
Eneos, a leading energy company
in Japan, will develop the “world’s
first” commercial scale Liquid Organic
Hydrogen Carrier (LOHC) project using
Honeywell’s solution at multiple sites.

The LOHC solution enables the
long-distance transportation of clean
hydrogen and can help meet the grow-
ing requirements for hydrogen use
across various industries by leveraging Energy and Sustainability Solutions. form of MCH. Once at its destination,
existing refining assets and infrastruc- This is one of multiple hydrogen trans- the hydrogen will be recovered using
ture. The project supports Honeywell’s portation projects on which Honeywell the Honeywell MCH dehydrogenation
alignment of its portfolio to three mega- and Eneos are collaborating. In the process and released for use, while the
trends: automation, the future of avia- Honeywell LOHC solution, hydrogen toluene can be sent back for additional
tion and energy transition. gas is combined chemically through the cycles.
Honeywell toluene hydrogenation pro-
“By providing solutions to help cess into methylcyclohexane (MCH) – Current solutions available for
overcome the challenges of hydrogen a convenient liquid carrier – compati- transporting hydrogen include liqui-
transportation, Honeywell is support- ble with existing infrastructure. The fying the hydrogen and using chemi-
ing Eneos in transitioning to a hydro- hydrogen at these sites will be expor- cal carriers such as ammonia, each of
gen-powered future,” said Mr. Ken ted – in the same way as petrochemi- which requires additional infrastructure
West, President and CEO of Honeywell cal products – to Eneos in Japan in the to produce and transport hydrogen.
FUNDING SUPPORT
Umicore secures €350-mn loan from EIB for battery

materials research

The European Investment Bank and Nysa (Poland). It follows a €125-mn entry, mass and premium segments of
(EIB) and Belgium’s Umicore have loan the EIB had granted to Umicore the car market with technologies ranging
signed a €350-mn financing agree- in 2020 to help finance Europe’s first from nickel, manganese and cobalt to
ment to support Umicore’s research, production facility for cathode active future high lithium manganese and next-
development and innovation (RDI) in materials for EVs in Poland. generation solid-state and sodium-ion
rechargeable battery materials techno- battery technologies. Umi-core also
logies for electric vehicles (EV) and the “This loan further strengthens our recycles EV battery materials on an
recycling of EV batteries. balance sheet via long-term funding at industrial scale in Hoboken, Belgium.
attractive conditions and our innova-
The eight-year loan, benefitting from tion power in this high-tech industry,” The EIB has increased its backing
competitive financing conditions, will said Umicore’s CEO, Mr. Mathias of battery-related projects to more
contribute to the development of innova- Miedreich. than €1.6-bn of financing in 2023.
tive technologies at Umicore’s research Over the last five years, projects of this
centres in Olen, Hoboken (Belgium), Umicore’s EV battery materials kind financed by the EIB have totalled
Kokkola (Finland), Hanau (Germany) innovations and technologies serve the €2.8-bn.

164 Chemical Weekly February 27, 2024

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