Exxon Mobil is currently carrying out early front-end engineering design studies to explore the potential for developing a carbon capture and storage project – South East Australia carbon capture and storage in the Gippsland Basin. The project is expected to capture up to 2 million metric tons of CO2 annually and could be operational by 2025.

Maire Tecnimont has been awarded an EPCM contract by a major chemical producer for developing a blue ammonia plant in the USA. The project is expected to be completed by 2025.

Sterling Pharma Solutions has plans to expand its bioconjugation and antibody-drug conjugates (ADCs) facility in Deeside, the UK. The hefty investment is in line with the company’s strategy to support the growth of its ADC capabilities.

With a production capacity of 12.000 tons every year, Veolia has developed the world’s largest biorefinery project producing CO2-neutral bio-methanol from a pulp mill. The plant is expected to avoid up to 30.000 tons of CO2 emissions annually and will come on-stream by 2024.

DNV together with 18 industry leaders have collaborated to launch a new Joint Industry Project to enhance the standardization for safe and cost-efficient hydrogen production systems that use electrolysis powered by renewable energy to produce green hydrogen. A certification scheme is also being developed for electrolyzer projects.

Under a MOU, Johnson Matthey (JM) will team up with 8 Rivers Capital to commercialize a clean hydrogen process. The collaboration will also make use of 8 Rivers Capital’s carbon capture technology along with JM’s LCH technology for the project.

With Lyondell Basell Australia being the country’s sole polypropylene manufacturer, the acquisition is an important step for Viva Energy as the move will expand the company’s manufacturing capabilities as well as further diversify its product mix and marketing opportunities.

Cummins’ new Hydrogen Fuel Cell Systems Production Center has started operations in Herten, Germany. With this facility, the company aims to speed up the adoption of hydrogen technologies across Europe.

Perstorp has submitted a 107-million-dollar application to the EU Innovation Fund for Project Air which comprises the development of a sustainable methanol production facility in Stenungssund, Sweden. The project has the potential to reduce global CO2 emissions by 400,000 tons.

MOL Group has acquired the Hungarian plastic recycling company Remat. With this move, MOL intends to develop customized virgin and recyclate solutions for its customers demanding circular materials.