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2024 CEPCI updates: March (prelim.) and February (final)

The preliminary value for the CE Plant Cost Index (CEPCI) for March 2024 (most recent available) is higher than the previous month’s value, albeit by a very small margin. The small uptick is the third consecutive monthly rise. In March,…

Cepsa selects Siemens Energy’s PEM technology for 100-MW of electrolysis capacity for the Andalusian Green Hydrogen Valley

Cespa (Madrid, Spain) has selected Siemens Energy AG (Munich, Germany) for the supply of 100 MW) of proton-exchange membrane (PEM) electrolysis technology for green hydrogen production at its La Rábida Energy Park in Palos de la Frontera (Huelva), southern Spain.…

Cepsa selects thyssenkrupp nucera as preferred supplier of a 300-MW electrolyzer for a ‘green’ hydrogen plant in Spain

Thyssenkrupp nucera AG & Co. KGaA (Dortmund, Germany) is the preferred supplier of a 300-MW electrolyzer for Cepsa’s (Madrid, Spain) green hydrogen plant in Spain. Under an agreement, announced at the World Hydrogen Summit in Rotterdam, the Spanish energy company…

Sandbox project launched for promoting open-source AI innovation

Last month, the LF AI & Data Foundation (lfaidata.foundation) under the auspices of the Linux Foundation (San Fransciso, Calif.; linuxfoudation.org) launched the Open Platform for Enterprise Artificial Intelligence (OPEA; opea.dev) as its latest Sandbox Project. The initiative is aimed at…

Evolving Demand and Feed Profiles Challenge Refiners

Trends related to the energy transition are shifting global demand for refined products and affecting feedstock slates, forcing petroleum refiners to embrace adaptation and flexibility Demand for fossil fuels has remained strong in the years after the COVID-19 pandemic, but…

Business News: May 2024

Plant Watch Celanese expands production capacities for acetic acid and VAE April 9, 2024 — Celanese Corp. (Dallas, Tex.; www.celanese.com) started up a new production unit for vinyl acetate ethylene (VAE) in Nanjing, China and completed several downstream debottlenecking projects…

Open Process Automation Value Opportunities for the Chemical Industry

The Open Process Automation Standard (O-PAS) includes a business guide that outlines the business benefits of interoperability. This article discusses the benefits in the chemical industry While envisioning the Open Process Automation Standard (O-PASTM), the Open Group’s (www.opengroup.org) Open Process…

German large-scale plant engineering grows in a volatile market environment

At €24.3 billion, incoming orders booked in Germany by the members of the VDMA Large-scale Plant Engineering Group (AGAB; Frankfurt am Main) in Germany in 2023 were 15.7% higher than in the previous year (2022: €21.0 billion). This figure represents…

2024 CEPCI updates: February (prelim.) and January (final)

The preliminary value for the CE Plant Cost Index (CEPCI) for February 2024 (most recent available) rose compared to the previous month’s value, continuing a string of increases over the past three months. For February, the increase in the overall…

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Business News: April 2024

Plant Watch EuroChem launches phosphate-fertilizer manufacturing complex in Brazil March 14, 2024 — EuroChem Group (Zug, Switzerland; www.eurochemgroup.com) opened a new fertilizer-production facility in Serra do Salitre, Brazil. With a total project investment of nearly $1 billion, the new phosphate…