MEG prices

 MEG prices in the US fell by about 4% in late May due to oversupply and disruptions, compounded by adverse weather and hurricanes impacting the oil and petrochemical markets.


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Ballestra and Petrojet Awarded Major NCIC3 Project in Egypt

El Nasr Company for Intermediate Chemicals (NCIC) has chosen Ballestra and its long-term partner Petrojet for the construction of new sulphuric acid and phosphoric acid plants as part of the NCIC3 project in Ain Sokhna, Egypt. The Ballestra-Petrojet consortium secured an EPC contract to deliver two sulphuric acid production lines using MECS Elessent technology and two merchant-grade phosphoric acid lines based on Prayon technology. Paolo Iengo, Managing Director of Ballestra, stated: “Our goal is to build long-term trust with our clients and grow together. This portion of the NCIC3 project, featuring two new sulphuric acid lines and two phosphoric acid lines, marks our twelfth collaboration with NCIC, highlighting our role in Egypt’s industrial expansion. I would like to extend my gratitude to our partner Petrojet and congratulate Wuhan Engineering on being awarded the balance of the NCIC3 project.”
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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...
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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.
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