Page 159 - CW E-Magazine (1-10-2024)

News from Abroad

technology, this plant will be the first industry and the new LYB plant in unit that we are building, we are
commercial scale, single-train ad- Wesseling represents the future viabi- already working on our future MoReTec
vanced recycling plant, designed to lity of this industry. As the first large- plants.”
demonstrate its capability for further scale industrial plant for chemical
scalability. This unit will convert plastic recycling, it is a significant LYB anticipates its MoReTec tech-
pre-treated, mixed waste plastic into step towards a circular economy,” said nology will gradually help shift the
raw materials to produce new plastic Mr. Scholz. use of traditional fossil-based raw mate-
polymers that will be sold under the rials toward circular resources. Further,
LYB CirculenRevive brand. These LYB’s CEO, Mr. Peter Vanacker the catalytic nature of the technology
polymers complement the company’s added, “The new facility has the poten- allows it to conserve energy and signifi-
offerings in mechanically recycled and tial to turn back hard to recycle, cantly lower greenhouse gas emissions,
renewable-based polymers marketed processed mixed plastic waste of more while serving as a blueprint for future
respectively under CirculenRecover than 1.2-million German citizens into investments. LYB received a €40-mn
and CirculenRenew branding. “Germany valuable raw materials to make new grant from the EU Innovation Fund for
is a strong location for the chemical products. And this is only the first the project.

PARTNERING OPPORTUNITY
Mitsubishi to participate in ExxonMobil’s low-carbon

hydrogen project in US

Japan’s Mitsubishi Corporation has
inked a Project Framework Agreement
with ExxonMobil for participation in the
latter’s facility in Baytown, Texas (US)
which is expected to produce virtually
carbon-free hydrogen with approxi-
mately 98% of carbon dioxide (CO )
2
removed and low-carbon ammonia.

Under the terms of the agreement,
the companies will advance discus-
sions regarding Mitsubishi’s offtake of
low-carbon ammonia and equity partici-
pation in the project. The ammonia is
expected to be used in Japan for power (LPG) terminal into an ammonia terminal Mobil’s Baytown facility. “We are excited
generation, process heating, and other for transshipment, which will then sup- to be closely collaborating with Exxon-
industrial activities. ply the low-carbon ammonia to various Mobil to develop low-carbon hydrogen
industrial applications, such as power, and ammonia supply chains that will
Contingent on supportive govern- automobile and chemical, mainly in the bridge the US and Japan. We are also
ment policy and necessary regulatory Shikoku and Chugoku regions in Japan. working with Idemitsu Kosan, which is
permits, the facility is expected to be the Mitsubishi has established a “council developing an ammonia hub near ours
world’s largest of its kind upon startup, for utilising Namikata Terminal as a hub and intends to participate in Exxon
capable of producing up to 1-billion for introducing fuel ammonia” which Mobil’s hydrogen facility with us.
cubic feet (bcf) daily of low-carbon hydro- is targeting to handle around 1-mtpa of Together, we will lead this joint initiative
gen and more than 1-mt of low-carbon low-carbon ammonia by 2030. to assist in the acceleration of the hard-
ammonia per year. A final investment to-abate sectors’ transition to clean
decision is expected in 2025 with antici- Mitsubishi also intends to partner energy,” said Mr. Masaru Saito, Group
pated startup in 2029. Mitsubishi aims to with Idemitsu Kosan for joint equity CEO, Environmental Energy Group of
convert part of its liquified petroleum gas and ammonia offtake from Exxon Mitsubishi.

Chemical Weekly October 1, 2024 159

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