Page 169 - CW E-Magazine (19-12-2023)

News from Abroad

COOPERATION MODEL
LANXESS to supply Standard Lithium with lithium-

rich brine

Specialty chemicals company cooperation are subject of ongoing for electromobility and strengthen the
LANXESS has reached an understand- negotiations. profitability of its specialty additives –
ing with Canadian company, Standard without risk and additional costs. In
Lithium, on key points for further At its El Dorado site, LANXESS parallel, Standard Lithium secures the
cooperation on the latter’s lithium pro- produces bromine, which is extracted necessary raw material supply and infra-
ject at the LANXESS site in El Dorado, from a salt brine. The natural reservoir structure for production through corres-
Arkansas, USA. at a depth of over 2-km is the second ponding contracts with LANXESS,” said
largest in the world. Mr. Karsten Job, Head of the Polymer
Accordingly, in the event of indus- Additives business unit at LANXESS.
trial production of battery-grade lithi- “Following the positive results of
um by Standard Lithium, LANXESS the profitability and feasibility study for In view of the planned model of
will supply the brine required for the lithium extraction from our brine, we cooperation, LANXESS will no longer
extraction of lithium. In addition, are pleased to continue to accompany pursue the possibilities of a financial
LANXESS will lease a plot of land Standard Lithium on the path to indus- investment into a project entity or a
to Standard Lithium for a production trial production. With the intended direct lithium sourcing. “However, we are
facility and provide certain infrastruc- cooperation model, LANXESS can bene- working on different projects targeting
ture services. Details of the future fit efficiently from the promising market the battery market,” said Mr. Job.
NEW PROJECT
Cepsa and C2X to develop the largest green methanol

plant in Europe

Cepsa, which is owned by Mubadala ing carbon emissions in hard-to-abate If approved, the project has the op-
and Carlyle, and C2X, an independent industries such as long-distance ship- portunity to create 2,500 direct and
company majority owned by A.P. Moller ping and other industries such as chemi- indirect jobs, further supporting the
Holding with A.P. Moller – Maersk as cals and plastics. Andalusian Green Hydrogen Valley being
minority owner, have announced a joint developed by Cepsa and its partners with
ambition to develop a green methanol The project’s aim is to reach an esti- an ambition to reach a green hydrogen
plant in the port of Huelva, southern Spain. mated production capacity of 300-ktpa production capacity of 2-GW by 2030.
tons of green methanol, which Cepsa Some of the green hydrogen produced
Green methanol is made by using calculates would prevent the emission of will supply the new green methanol
green hydrogen and non-fossil sources up to 1-mtpa of CO . A final investment facility.
2
of carbon captured from the atmosphere decision for the project, which would
or from agricultural and forestry waste entail an investment of up to €1-bn, is The project was presented at COP28
and can replace fossil methanol, reduc- expected to be made in 2025. in Dubai.

CHEMICAL PARK
China’s BEFAR Group to invest $2-bn in Egypt

The General Authority of the Suez park for the production of specialty The industrial park will rely on
Canal Economic Zone (SCZONE) has chemicals in East Port Said Industrial green energy and cater to local and
signed a letter of intent with a lead- Zone. The project will involve an regional markets. The first phase is to
ing Chinese chemical manufacturer, estimated total investment of $2-bn, be developed at a total investment of
BEFAR, to establish a green industrial SCZONE said. $500-mn and provide about 1,000 jobs.

Chemical Weekly December 19, 2023 169

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