Under the terms of the shareholders agreement, Reliance will join hands with Adnoc and ADQ in the Ta’ziz industrial chemical zone in Ruwais, Abu Dhabi for the development of a mega chemical project – Ta’ziz EDC & PVC. For this, the joint venture has plans to invest over 2 billion dollars for building a chlor-alkali, ethylene dichloride and polyvinyl chloride production facility.

Ammonia is commonly used in fertilizer because it has the highest nitrogen content of commercial fertilizers, making it essential for crop production. However, its production releases carbon dioxide. Electrochemical processes could reduce this impact on the climate.

Dow and Plastogaz will work together to simplify the process of converting plastic waste-to-feedstock in order to develop new virgin plastics. The new process aims to increase the carbon-yields of advanced recycling and to minimize the energy needs for advanced recycling, thus reducing its CO2 footprint.

Uniper, Hydrogenious and Jera Americas have entered into a joint study agreement with Adnoc to explore hydrogen transportation between the UAE and Germany. Hydrogenious’ Liquid Organic Hydrogen Carrier (LOHC) technology will also be used for this venture.

Ineos has plans to develop a world scale carbon capture enabled hydrogen production plant in Grangemouth, Scotland. For this, the company is inviting bids from leading engineering design contractors for the design of the mega project. The produced low carbon hydrogen will be used to replace hydrocarbon fuels used at the Grangemouth site which will help to power its processes and manufacture important materials.

With Russia’s invasion of Ukraine, the British multinational oil and gas major BP has plans to quit its 20 % share in Russia’s state-owned company Rosneft. BP chief executive officer Bernard Looney as well as former BP group chief executive Bob Dudley have also resigned from the board of Rosneft with immediate effect.

Yara has signed a contract with Linde Engineering for the construction and delivery of a green hydrogen demonstration plant at Yara’s ammonia production facility at Herøya Industripark in Porsgrunn, Norway.

Asahi Kasei announces that on October 21, 2021, Tongsuh Petrochemical, a wholly owned subsidiary in South Korea, acquired the widely recognized international certification ISCC Plus for its acrylonitrile (AN) as a sustainable product, and production of AN using biomass propylene is scheduled to begin in February 2022.

The International Renewable Energy Agency (IRENA) in its latest report ‘Geopolitics of the Energy Transformation: The Hydrogen Factor’ elaborates on the new global power dynamics in the background of a hydrogen economy. It also states that green hydrogen has the potential to disrupt global trade and bilateral energy relations with new hydrogen exporters and users.

TechnipFMC has partnered with Petronas to commercialize an innovative natural gas processing membrane technology which is capable of reducing greenhouse has emissions. The technology is claimed to be 30 % more efficient than existing gas treatment processes and can be used in offshore as well as onshore hydrocarbon production environments.