LG Chem and Eni Sustainable Mobility have come together to explore the development of a new biorefinery at LG Chem’s Daesan chemical complex in South Korea. The project aims to decarbonize the energy and mobility sector as well as meet the growing demand for more sustainable fuels and plastics produced by low-carbon processes.

Chevron has plans to acquire Magnum Development which holds a majority stake in ACES Delta – the firm aims to develop an Advanced Clean Energy Storage project in Delta, Utah. With this takeover, Chevron now holds a majority stake in the project.

Yokogawa Electric has been selected to supply an energy management system for the Yuri Green Hydrogen Project in Australia. Once complete, the project is expected to produce up to 640 tons of green hydrogen annually.

PROCESS Worldwide brings to you the ‘Top 10 plant engineering projects of July 2023’ from all over the world. Right from Petrofac securing a 700-million-dollar EPC contract to Cepsa developing the world’s first production plant for renewable isopropanol, find out all the projects making headlines here.

Reverion’s unique all-in-one solution is claimed to be the first system to simultaneously substitute fossil fuels, produce green gases and enable large-scale carbon capture. With this partnership, the firms aim to bring Reverion's innovative technology to the market and to expand it on an industrial scale.

Under an agreement, Total Energies will acquire a 50 % stake in Rönesans Enerji while the remaining stake will be held by Rönesans. The joint venture firm will aim to develop renewable projects in Turkey.

The establishment of a Global Biofuels Alliance was recently announced at the G20 event which was held in India. Comprising of Governments, International organizations and Industry, the alliance aims to promote the adoption of biofuels.

BASF has plans to reduce carbon emissions at the new syngas plant by making use of innovative process technologies. The project is expected to start up in 2025.

Marubeni, Peru LNG and Osaka Gas have teamed up to carry out a Pre-Feed study for an e-methane project in Peru. Green hydrogen and CO2 will be used to produce the e-fuel.

Bunge and Chevron’s Renewable Energy Group have acquired the seed business Chacraservicios from the Adamant Group. The move is expected to add a new oil source in Bunge and Chevron’s global supply chains and will help both the firms to meet the growing demand for lower carbon renewable feedstocks.