Chemanol, a Saudi producer of methanol chemicals, has signed a joint venture pact with its compatriot Global Company for Downstream Industries (GDI) to establish a 60-40 joint venture (JV) to produce speciality chemicals. The company aims to establish itself as a major player in this field in the region.
We sum up the latest developments in one of the industry's hottest fields
There have been multiple recent announcements across the world about investments in cleaner forms of hydrogen. These mainly refer to ‘green hydrogen’ produced by electrolysis, though also ‘blue hydrogen’, which is made from natural gas in a reforming process, in which CO2 emissions are captured for storage.
Under the newly announced Project AIR, Perstorp plans to build a first-of-its-kind, commercial-scale carbon capture and utilisation (CCU) unit to produce sustainable methanol via a combined CCU and gasification process at its site in Stenungsund, Sweden (pictured). Depending on securing grants to finance it, the aim is start producing in 2025.
