Air Liquide and Dow renewed their industrial gas supply agreement in Stade, Germany, where Air Liquide said it will invest about $43 million to modernize its production assets, according to a Feb. 8 news release.
Plans are to add a new CO2 recycling solution to two air separation units and one partial oxidation plant. The addition will enable a circular use of the CO2 production, resulting in about a 15% increase in energy efficiency and emissions reduction of about 15,000 tonnes per year, the company said.
The emissions reduction represents about 80% of the Air Liquide site’s direct CO2 emissions.
“In view of the climate imperative, the necessary industrial transformation will require not only ground-breaking greenfield projects but also step-by-step modifications and modernization of existing plants,” said Emilie Mouren-Renouard, member of Air Liquide’s executive committee and CEO of the Europe Industries Hub.
The project is expected to be complete in 2024, said Air Liquide, which supplies industrial gases to Dow in Stade.
Recommended Reading
WTI Delivered to East Houston Hits Highest Premium in Nearly Three Years
2024-05-01 - Oil takeaway capacity from the Permian Basin will tighten next month due to scheduled pipeline maintenance.
CPS Closes $785MM Deal for Talen Energy’s Texas NatGas Plants
2024-05-01 - CPS Energy has acquired all assets associated with the 897-MW Barney Davis and 635-MW Nueces Bay natural gas plants in Corpus Christi, Texas, and the 178-MW natural gas plant in Laredo, Texas.
Wirth: Chevron Won’t Put ‘New Capital into Venezuela’
2024-05-01 - California-based Chevron Corp. doesn’t plan on allocating more capex into its operations in Venezuela even though it still has U.S. approval to operate there, despite Washington sanctions.
Tinker Associates CEO on Why US Won’t Lead on Oil, Gas
2024-02-13 - The U.S. will not lead crude oil and natural gas production as the shale curve flattens, Tinker Energy Associates CEO Scott Tinker told Hart Energy on the sidelines of NAPE in Houston.
What's Affecting Oil Prices This Week? (Feb. 12, 2024)
2024-02-12 - With the increase last week, the price of Brent crude has reached its 200-day moving average.