Page 162 - CW E-Magazine (17-9-2024)

News from Abroad News from Abroad

ACCELERATING DECARBONISATION
ADNOC to buy 35% stake in ExxonMobil’s low-carbon

hydrogen facility in US

Abu Dhabi National Oil Com-
pany (ADNOC), the state-owned oil
company of the UAE, is acquiring a
35% stake in a planned ExxonMobil
large-scale low-carbon hydrogen and
ammonia production facility in
Baytown, Texas, US. processes, including dynamic ran- only company supplying phosphoric P&O Chemical is a 51-49 joint
dom-access memory (DRAM), NAND acid to all major domestic semiconduc- venture between POSCO Future M
The facility is expected to be the fl ash memory and chip foundry pro- tor manufacturers in Korea. and OCI, launched in 2020. It produces
world’s largest of its kind upon startup, duction, and its demand expected to high-purity hydrogen peroxide for
capable of producing up to 1-billion increase steadily. OCI also produces another core semiconductor cleaning and coating
cubic feet (bcf) daily of low-carbon semiconductor material: ultrapure material, called pitch, for secondary
hydrogen, with about 98% of carbon Since it entered the semiconductor hydrogen peroxide. It supplies the mate- battery anodes. P&O is the only pitch
dioxide (CO ) removed and more than phosphoric acid business in 2007, OCI rial to Japanese multinational computer maker in Korea. After the acquisition,
2
1-mtpa of low-carbon ammonia. A fi nal has reached a production capacity of memory maker, Kioxia Holdings Corp. P&O will be OCI’s fully-owned sub-
investment decision (FID) is expected 25-ktpa and has been supplying phos- sidiary and is expected to increase the
in 2025 with anticipated startup phoric acid to major Korean semicon- P&O Chemical acquisition parent’s hydrogen peroxide output by
in 2029. bin Zayed Al Nahyan, Crown Prince of ExxonMobil on this low carbon-intensity ductor companies such as Samsung In a bid to enhance its position as 50-ktpa. Currently, OCI can produce up
Abu Dhabi and Chairman of the Abu and technologically advanced pro- Electronics, SK keyfoundry, and DB a semiconductor and battery material to 75-ktpa of hydrogen peroxide. OCI,
The facility will leverage advanced Dhabi Executive Council, witnessed ject to meet rising demand and help HiTek. It maintains the largest market producer, OCI recently agreed to buy a Korea’s only polysilicon producer,
carbon capture and storage techno- the signing of the agreement. decarbonize heavy-emitting sectors.” share in the semiconductor phosphoric 51% stake in P&O Chemical Co. from also manufactures carbon materials
logies to reduce emissions associated acid market. By adding SK hynix as its business partner POSCO Future M and others, such as automotive interior
with hydrogen production. Dr. Sultan Ahmed Al Jaber, Minister Mr. Darren Woods, ExxonMobil a new customer, OCI has become the Co. for 50-bn Won ($37.4-mn). materials.
of Industry and Advanced Techno- Chairman and CEO, said, “This is a
The project is part of Exxon’s logy and ADNOC’s Managing Director world-scale project in a new global AGC’s new Taiwan centre to provide technical services
efforts to create a new business to make and Group CEO, said, “This strategic energy value chain. Bringing on the
money out of cutting greenhouse gas investment is a signifi cant step for right partners is key to accelerating for chemical products focused on semiconductor and
emissions by other companies looking ADNOC as we grow our portfolio of market development, and we are pleased electronic materials
to decarbonise their own operations. lower-carbon energy sources and deliver to add ADNOC’s proven experience and
on our international growth strategy. global market insights to our Baytown Japanese chemicals fi rm, AGC, is mers’ manufacturing and development
Mr. Sheikh Khaled bin Mohamed We look forward to partnering with facility.” set to open the ‘AGC Chemicals Tech- requirements. “It will also seek to un-
nical Centre’ in Hsinchu, Taiwan, to derstand the evolving needs of the local
HIGHLY PURE MATERIAL provide technical services for chemical semiconductor and electronic materials
Korea’s OCI bags supply deal for semiconductor products focused on semiconductor and market while actively proposing chemi-
cal products that align with customers’
electronic materials.
grade phosphoric acid Taiwan plays a crucial role as a hub technology roadmaps and contributing
to the research and development of new
for major companies engaged in semi- products,” it added.
South Korean fi ne chemicals com- OCI said it has delivered the fi rst try’s leading producer of ultrapure conductor manufacturing supply chain,
pany, OCI Company Ltd., has said that batch of the mass-produced mate- phosphoric acid and expand its footing encompassing various stages ranging As per AGC’s medium-term man-
leading semiconductor vendor, SK rial, essential to the semiconductor in the semiconductor materials manu- from front-end to back-end processes. agement plan, performance chemicals
Hynix, has selected it as its fi rst Korean wafer-etching process. facturing industry. With the establishment of the techni- are positioned as a strategic business
supplier of high-purity phosphoric acid cal centre, AGC aims to strengthen its The company said the centre will area with a specifi c focus on the elec-
after OCI passed the chipmaker’s The contract is expected to help Highly pure phosphoric acid is a marketing activities and provide timely enable quick evaluation and analysis tronics sector, including semiconduc-
quality test. OCI cement its position as the coun- basic material used in all semiconductor technical services in the region. of chemical products to meet custo- tors.

162 Chemical Weekly September 17, 2024 Chemical Weekly September 17, 2024 163

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