Page 171 - CW E-Magazine (13-8-2024)

News from Abroad

DIVESTMENT
OCI Global selling clean ammonia project in Texas

to Woodside Energy

OCI Global, the Dutch producer of
hydrogen, methanol and nitrogen pro-
ducts, has agreed to sell 100% of its equity
interests in its clean ammonia project
under construction in Beaumont, Texas
(OCI Clean Ammonia), to Australian
energy firm, Woodside Energy Group
Ltd. for a total consideration of $2.35-bn
on a cash-free and debt-free basis.

Woodside will pay 80% of the pur-
chase price to OCI at closing of the
transaction, with the balance payable at
project completion.
intensity (CI) hydrogen-based green- tion infrastructure. In addition, Linde
OCI will continue to manage the field ammonia facility, which began has contracted with ExxonMobil the
construction, commissioning and startup engineering in late 2021, construction CO transportation and sequestration
2
of the facility and will continue to di- in December 2022, and is expected to infrastructure.
rect the contractors until the project is produce first ammonia in 2025. The
fully staffed and operational, at which project is a collaboration between OCI The project in its first phase will
point it will handover to Woodside. and Linde that integrates Linde’s low result in the capture and sequestration
CI hydrogen production and carbon of 1.7-mtpa of CO for OCI that would
2
OCI Clean Ammonia is touted to be capture technology with OCI’s ammonia otherwise have been released to the
the world’s first large-scale, low-carbon production, storage and transporta- atmosphere.
ACCIDENT
15 injured in fire at BASF’s German site

Around 15 people were “slightly” water, or soil. BASF’s environmental tion,” the company informed. BASF
injured in a fire that broke out at monitoring vehicles were underway said the cause of the incident is under
German chemicals giant BASF’s inside and outside the site and did not investigation. It did not provide details
Ludwigshafen site on July 29. detect any product residues. The plant on whether there was any impact on
was shut down and is in a safe condi- production.
“An explosion followed by a
fire occurred due to the leak of an DKSH’s Philippines subsidiary
organic solvent in a BASF plant in
the southern part of our site in Lud- gets Wacker recognition
wigshafen. The plant manufactures
aroma ingredients and precursors Swiss market the Year Award” by
for the vitamin production,” the expansion services German chemicals
company informed, adding that its firm, DKSH, firm, Wacker, for its
fire department extinguished the has announced “outstanding contri-
fire successfully. that DKSH Per- bution, firm commit-
formance Materials Philippines was ment, and excellent performance in the
“There was no contamination of air, awarded the “Platinum Distributor of market”.

Chemical Weekly August 13, 2024 171

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