Page 154 - CW E-Magazine (9-4-2024)

News from Abroad

CLEAN ENERGY TRANSITION
3M invests in hydrogen electrolyser maker

US-based diversifi ed conglomerate, CEO of Evoloh, said,
3M, has invested in Evoloh, an Ameri- “This round of fund-
can cleantech company that’s working ing positions Evoloh
to scale up manufacturing of its electro- to lead the electrolyser
lysers to make green hydrogen afforda- manufacturing market
ble and effi cient. by transforming elec-
trolyser stacks into af-
3M Ventures, the venture capital fordable, effi cient hard-
arm of 3M, recently participated in ware commodities made
Evoloh’s $20-mn Series A fundraising with 100% local supply
round, which will help the company chains.”
scale up its manufacturing abilities.
shares Evoloh’s vision to make clean The investment in Evoloh is just
The investment is part of 3M’s and affordable hydrogen available one of several 3M initiatives to enhance
ongoing commitment to materials sci- around the world.” hydrogen technologies. Other examples
ence-based climate tech solutions. include the development of a high-per-
It’s another way 3M is supporting the Evoloh makes electrolysers with formance catalyst technology used in
development of the hydrogen economy core components that do not require proton exchange membrane water elec-
and working toward a clean energy precious metals or rare earth materials trolysis, another form of hydrogen pro-
transition. and are made from abundant materials duction technology. Also, 3M and HD
like steel, plastic and aluminium. That Hyundai Korea Shipbuilding & Ma-
Commenting on the development, means lower cost electrolyser modules rine Engineering (KSOE) have signed
Mr. Mark Copman, Senior Vice Presi- for users, as well as lower costs for a joint research project agreement to
dent, 3M New Growth Ventures, said, installation and maintenance. develop large liquid hydrogen storage
“3M has the opportunity to leverage tanks using 3M glass bubbles – a high-
our long-standing expertise in high vol- Speaking about the fundraising strength, low-density hollow glass
ume membrane electrode assembly and round, Dr. Jimmy Rojas, founder and microsphere.

PRODUCTION TARGET
Gamalux set to produce 100-ktpa SAF feedstock

by year-end

Gamalux Group, a leading Malay- “Last year, we clocked in about with all relevant governmental laws
sia-based player in the downstream oil 80,000 tonnes per annum for SAF and regulations.
palm industry, has targeted to hit the requirement. Countries that we sup-
100-ktpa mark for sustainable aviation ply the most amount of sustainable Mr. Ahmed also shared Gamalux’s
fuel (SAF) feedstock by the end of renewable biofuel feedstock are upcoming initiatives, including the sol-
this year. Finland, Italy, Netherlands and the vent extraction plant, which is set for
European Union,” he told Malaysian commercial run by the third quarter of
Mr. Usman Ahmed, Managing Di- National News Agency, Bernama 2024 at Pulau Indah, Port Klang, Sel-
rector and CEO, of the company, said recently. angor; the planned construction of the
with the expectation of better palm oil fi rst oleochemical facility at POIC La-
supply this year coupled with the long- Gamalux is Malaysia’s top feed- had Datu in East Malaysia by next year;
term contracts signed with most suppli- stock producer for SAF and renew- and the expansion of the existing oleo-
ers, the company is confi dent to hit able diesel (HVO) industries. The chemical plant at Port Qasim, Karachi,
the target by year-end. company-certifi ed feedstocks comply Pakistan, the following year.

154 Chemical Weekly April 9, 2024

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