Page 162 - CW E-Magazine (7-1-2025)
P. 162

News from Abroad


          Located in the Yangtze River Delta,   investment of CNY 41.6-bn ($5.7-bn),   The facility’s expanded production
       a  key  downstream  product  consum-  incorporates  18  production  units,  in-  capacity  supports  the  development  of
       ption hub, the Zhejiang Ningbo Petro-  cluding  atmospheric  distillation,  cat-  high-end  polyolefins,  advanced  mate-
       chemical Industrial Base plays a vital  alytic  cracking,  polypropylene,  and  rials,  and  speciality  chemicals.  It  is
       role in Sinopec’s value chain.    propane dehydrogenation units. By em-  expected  to  provide  approximately
                                         phasising  chemical-focused  processes,  8-mtpa  of  petrochemical  products.
          The  second-phase  expansion  and  the  project  creates  multiple  high-val-  Zhenhai  refinery  boasts  an  ethylene
       advanced materials project, with a total   ue-added supply chains.  production capacity of 2.2-mtpa.

       OIL REFINING
       Taiyo Koko to build spent catalyst recycling facility


       in Malaysia


          Taiyo  Koko  Malaysia  Sdn  Bhd,  a
       subsidiary  of  Japan’s  Taiyo  Koko,  is
       setting  up  a  spent  catalyst  recycling
       facility, which is the first of its kind in
       Southeast Asia at the Gebeng Industrial
       Park (Malaysia).

          The  recovery facility, to be built
       by  Toyo  Engineering  &  Construction
       Sdn Bhd (Toyo-Malaysia), a subsidiary
       of  Japan’s  Toyo  Engineering  Cor-
       poration,  will  commence  operations
       in  early  2027.  The  facility  will  focus
       on recycling of spent catalysts, which
       are a waste material produced from the
       cracking of petroleum in oil refineries.

          Founded in 1949, Taiyo Koko has
       been involved in the manufacturing of
       rare  metals  and  rare  earths  since  the
       commercialisation  of its  proprietary   “The company’s innovative  processes   heavy  fuel  desulphurisation  catalysts
       technology to recover rare metals from  enable  the  extraction  and  recovery   used at oil refineries,” said Mr. Kazufumi
       spent catalysts across Japan in 1978.  of  molybdenum  and  vanadium  from  Suzuki, President, Taiyo Koko.

       STRETCHED TIMELINES
       Green hydrogen prices likely to remain high for
       decades: Report


          Green  hydrogen  will  remain  far   Hydrogen  companies  worldwide  of dollars of projects have been stalled
       more  expensive  than  previously  are  already  struggling  with  cancelled  waiting  for  President  Joe  Biden’s
       thought for decades to come, according  projects and sluggish demand. Equinor,  administration to issue final rules for a
       to a new estimate from BloombergNEF  Shell and Origin Energy Ltd. have can-  tax credit meant to spur production.
       (BNEF),  a  research  provider  covering  celled  hydrogen  projects  in  2024  due
       global commodity markets.         to a lack of buyers. In the US, billions   BNEF had in the past forecast steep


       162                                                                    Chemical Weekly  January 7, 2025


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