Page 159 - CW E-Magazine (9-4-2024)

News from Abroad

floating stationary barge with a capa- efforts to make low-emission ammonia ning ammonia grant tenders for both
city of 1,000-m , or 650-tonnes, of a common fuel for shipping. With ammonia-powered ships and ammonia
3
low-emission ammonia. The permit ammonia’s potential to fully decarbonise infrastructure in 2024. There are multi-
allows for up to 416 operations annually, the maritime sector, the companies plan ple new building projects in the pipe-
many of these expected to be bunkering to roll out a network of terminals in line, and ongoing ammonia-powered
operations for offshore supply vessels Scandinavia. Platform Supply Vessels (PSV) tender
that regularly call at Fjord Base in processes. Yara Clean Ammonia, Azane
Florø. Demand seems to gain momentum and Fjord Base will now commence
in Norway as ENOVA, which manages work with their project partners to
The planned terminal is part of the Norwegian Climate and Energy fund obtain a permit with the local municipality
Yara Clean Ammonia and Azane’s on behalf of the government, is plan- before a final investment decision.

DECARBONISATION
SLB takes majority stake in Aker Carbon Capture

American oilfield services giant, “For CCUS to have the expected
SLB, formerly known as Schlumberg- impact on supporting global net-zero
er, has announced an agreement to ambitions, it will need to scale up 100-
combine its carbon capture business 200 times in less than three decades,”
with Norway’s Aker Carbon Capture said Mr. Olivier Le Peuch, CEO of SLB.
(ACC) to support accelerated industrial “Crucial to this scale-up is the ability to
decarbonisation at scale. lower capture costs, which often rep-
resent as much as 50-70% of the total
SLB said it will pay about $380-mn, spend of a CCUS project. We are
or 4.12-bn Norwegian Kroner (NOK), focus on lower-carbon technologies. excited to create this business with ACC
for an 80% stake in Aker Carbon Cap- SLB is targeting $3-bn in revenue from to accelerate the deployment of carbon
ture Holding AS (ACCH), which holds its new energy business by the end of capture technologies that will shift the
the business of ACC, and will contri- the decade. economics of carbon capture across
bute the SLB carbon capture busi- high-emitting industrial sectors.”
ness to the combined entity. SLB may The International Energy Agency
also make additional payments of up (IEA) sees carbon capture, utilisation, Aker Carbon Capture is a pure-play
to NOK 1.36-bn over the next three and sequestration (CCUS) playing a carbon capture company with solu-
years based on the performance of the critical role in the net-zero transition – tions, services and technologies serving
business. estimating that over one gigatonne of a range of industries with carbon emis-
CO per year will need to be captured sions, including the cement, bio and
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Schlumberger rebranded as SLB in by 2030, scaling up to over six giga- waste-to-energy, gas-to-power and blue
2022 as part of the company’s growing tonnes by 2050. hydrogen segments.

Lithium Australia’s arm signs recycling deal

with LG Energy

Battery recycler Lithium Australia’s of electric vehicle batteries outside of batteries, or 1.4 times its total lithium-
subsidiary, Envirostream, has signed a China, holding a global market share ion battery collections in FY2023.
fresh exclusive deal with global battery of 14%. Lithium Australia said under the
maker LG Energy Solution to provide agreement, Envirostream will receive
battery recycling services. Under the deal, Envirostream will recycling revenues, but could also
recycle all of LG’s recalled lithium- generate additional revenue from the
LG Energy Solution, a subsidiary ion batteries in Australia. As a result, sale of mixed metal dust back to the
of LG Chem, is the largest producer it expects to process 770 tonnes of South Korean giant.

Chemical Weekly April 9, 2024 159

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