Covestro and bp Forge Renewable Energy Partnership in Spain

Covestro and bp have entered a transformative 10-year Power Purchase Agreement (PPA) for renewable energy sourced from a solar power plant in Spain. This agreement significantly boosts Covestro's renewable electricity consumption in Spain from less than 10 percent to approximately 30 percent, aligning with its goal of achieving operational climate neutrality by 2035. The partnership extends renewable energy supply to Covestro's major production site in Tarragona, aiming to slash CO2 emissions by about 16,000 tonnes annually. Thorsten Dreier, CTO at Covestro, emphasized the agreement's role in advancing their sustainability agenda, while Olvido Moraleda of bp Energía España highlighted its strategic significance in supporting industrial sectors' emissions reduction goals.

评论

发表评论

此博客中的热门博文

Lloyd’s Register and Partners Collaborate on Green Hydrogen Infrastructure Project

Lloyd’s Register has partnered with H2Terminals Limited, HiDROGEN, and D3IM under a Memorandum of Understanding (MoU) to explore the feasibility of a green hydrogen infrastructure project in the UK. This initiative aims to develop floating production and transportation of hydrogen, addressing regulatory requirements and fostering economic growth along the Thames Estuary and River. The project entails establishing offshore renewable energy facilities and a floating island for green hydrogen production. Hydrogen will be liquefied, transported by ship, and converted into electricity and hot water at a terminal near London. Batteries on floating barges will store electricity for distribution, supporting regional industrial development and decarbonization goals. Mark Tipping, LR's Power to X Director, highlighted the project's potential to advance supply chain decarbonization and stimulate economic growth, while Gerry Wilkinson, CEO of H2Terminals, emphasized the initiative's ro
阅读全文

Wuhuan Engineering Joins Kazakhstan's Major Nitrogen Fertilizer Project

 On July 2, 2024, Wuhuan Engineering Co., a subsidiary of China National Chemical Engineering Group Corporation, signed an EPC contract with KazAzot in Astana for Kazakhstan's first large-scale, modern nitrogen fertilizer complex. This key project aims to fill the domestic fertilizer gap, enhance the chemical industry, and support Kazakhstan's economic transformation. Wuhuan Engineering, located in Wuhan East Lake High-tech Development Zone (Optics Valley of China), is a state-owned leader in chemical design and construction. The company has completed over 3,000 design projects and 300 EPC projects, including more than 200 overseas in countries like Vietnam, Zambia, and Tunisia.
阅读全文

Methionine Prices Set to Surge in Western Markets Amid Supply Chain Disruptions and Rising Demand

In the beginning of the third quarter, Methionine prices in Western markets are poised for an increase driven by robust demand from food and feed industries downstream. Market participants are expected to raise prices to boost profitability, supporting the upward trend. Supply chain disruptions originating in Asia, including equipment shortages and port congestion, continue to constrain Methionine availability. Despite signs of improvement, these challenges persistently fall short of meeting high demand levels. Anticipated blank sailings in July and August will exacerbate supply constraints, coinciding with the peak season months that traditionally see heightened demand. Moreover, significant Peak Season Surcharges announced by carriers in July will escalate shipping costs, further lifting Methionine prices in Western markets. Rising ocean freight rates in U.S. corridors, driven by global container demand, will add to import costs from Asia, likely passed on to consumers reliant on the
阅读全文