WORLD NEWS Asia Pacific | SGMF
supports growth of gas as marine fuel in Asia
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he Society for Gas as a Marine Fuel (SGMF) has set up its first regional committee to facilitate cooperation and information sharing as uptake of LNG ship fuel surges in the Asia Pacific region. The first tasks of the new body will be to prepare a publication on the pathway to green ammonia as well as a regional dashboard tracking trade patterns to measure the multi-faceted impact of conversion to gas as marine fuel. This dashboard will build on an existing East Coast
Australia dashboard developed by DNV, released in late 2020. The committee draws on a diverse range of perspectives across SGMF’s APAC membership, which comprises around 35 companies from segments including shipowners, ports and shipyards. Other committee members come from companies including BHP, Rio Tinto, China Classification Society, Korean Register, MPA, Petronas, Woodside Energy, ENN and Pilbara Port Authority.
China | Lummus
Technology starts up alkylation unit at ZPC refinery
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ummus Technology has announced the start-up of its CDAlky alkylation unit at Zhejiang Petroleum & Chemical Co. Ltd’s (ZPC) refinery in Zhejiang Province, China. The unit has a capacity of 45 000 bpsd of alkylate product, making it the largest alkylation unit ever licensed by Lummus. The start-up is the second Lummus CDAlky unit at ZPC’s complex, resulting in a combined capacity of 59 000 bpsd of alkylate production. This makes it the second
UAE | ADNOC
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largest alkylation complex in the world. The new alkylation unit processes C4s from upstream refining and petrochemical units, resulting in a very high concentration of isobutylene in the total olefins blend while producing excellent alkylate quality. Earlier this year, Lummus announced the successful start-up of the first C5 CDAlky unit in the world, as well as its first CDAlky unit in the US, located at Valero’s Saint Charles Refinery in Norco, Louisiana.
Australia | Woodside
and BHP to create global energy company
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oodside Petroleum Ltd and BHP Group have entered into a merger commitment deed to combine their respective oil and gas portfolios by an all-stock merger. On completion of the transaction, BHP’s oil and gas business would merge with Woodside, and Woodside would issue new shares to be distributed to BHP shareholders. The expanded Woodside would be owned 52% by existing Woodside shareholders and 48% by existing BHP shareholders. The transaction is subject to confirmatory due diligence, negotiation and execution of full form transaction documents, and satisfaction of conditions precedent including shareholder, regulatory and other approvals. With the combination of two high quality asset portfolios, the proposed merger would create the largest energy company listed on the ASX, with a global top 10 position in the LNG industry by production. The combined company will have a high margin oil portfolio, long life LNG assets and the financial resilience to help supply the energy required for global growth and development over the energy transition.
signs framework agreements
he Abu Dhabi National Oil Co. (ADNOC) has signed framework agreements for concept and front-end engineering design (FEED) services for major projects across its full value chain to support the delivery of its 2030 strategy. The framework agreements were signed with AMEC International Ltd (part of the Wood Group), Fluor,
McDermott, Mott MacDonald, SNC-Lavalin International Arabia Ltd – Abu Dhabi (part of the Kentech Group), Technip Energies, Worley, and a joint venture between Tecnicas Reunidas and NPCC. The agreements have a combined scope worth up to US$1 billion and the potential for 50% of the value to flow back into the UAE’s economy under ADNOC’s
In-Country Value (ICV) programme, over the agreement term between 2021 and 2026. The scope of the agreements is based on the forecasted requirement for external project engineering services across the ADNOC Group. The agreements will run for five years, with an option for a two-year extension. HYDROCARBON
ENGINEERING
7
September 2021
