Business & Economics
Methods for Conceptual Capital-Cost Estimation
Conceptual capital-cost estimates are important for assessing the economic viability of proposed projects, but their usefulness depends on understanding how to appropriately apply the estimates Capital cost estimates are a crucial step in order to make prudent decisions regarding any…
Cost Engineering with Previously Owned Process Equipment
This article made available to you by: Previously used process equipment can offer significant cost advantages in capital construction projects, but there are important questions to consider before pursuing pre-owned equipment Many misconceptions persist in the marketplace about secondhand equipment.…
Air Liquide will build hydrogen production unit at TotalEnergies biorefinery site
Air Liquide (Paris, France; www.airliquide.com) recently announced a renewable hydrogen production project at TotalEnergies (Courbevoie, France; www.totalenergies.com) La Mède (Provence-Alpes-Côte d'Azur region in France) site. In the context of a long-term contract, Air Liquide will cover the hydrogen needs of…
Cyclyx reaches final investment decision for second plastics circularity center
Cyclyx International, LLC (Portsmouth, N.H.; www.10to90.com), a post-use plastic-to-feedstock innovator and joint venture among Agilyx (Oslo, Norway; www.agilyx.com), ExxonMobil (Spring, Tex.; www.exxonmobil.com), and LyondellBasell (Rotterdam, the Netherlands; www.lyondellbasell.com), has reached a final investment decision for a second Cyclyx Circularity Center…
INNIO hydrogen combined heat and power project wins COGEN Europe award
INNIO Group (Jenbach, Austria; www.innio.com) today announced that it was awarded the COGEN Europe Recognition Award 2024 in the Technology and Innovation category for its 1 MW-class hydrogen combined heat and power (CHP) plant. Powered by green hydrogen, INNIO Group…
NextChem unveils technology center of excellence in Sicily
NextChem (Maire; Milan, Italy; www.nextchem.com) unveiled today its new high-tech engineering center, the “NX Engineering District”, in Catania, Sicily, in a ceremony attended by the local political and institutional leaders. The NX Engineering District, in Sicily’s Science and Technology Park,…
Clariant catalyst selected for biomass gasification-to-green methanol project in China
Clariant AG (Muttenz, Switzerland; www.clariant.com), a sustainability-focused specialty chemical company, today announced that its MegaMax catalyst was selected for a China’s biomass gasification-to-green methanol project. The plant will use a combination of farm waste and wind power to produce up…
December 2024 Economic Indicators
The preliminary value for the CE Plant Cost Index® (CEPCI) for September 2024 (most recent available) decreased slightly compared to the previous month’s value. The decline — the third consecutive monthly decrease — was driven mostly by a fall in…
Chemical Industry Sustainability Projects Advanced by Global Impact Coalition
The Global Impact Coalition (GIC; Geneva, Switzerland; www.globalimpactcoalition.com), a CEO-led coalition committed to advancing a circular, net-zero future for the chemical industry, marks its first anniversary since spinning off from the World Economic Forum. Established as an independent entity in…
Avantium and SCG Chemicals sign agreement to pilot polylactic-co-glycolic acid production
Avantium N.V. (Amsterdam, the Netherlands; www.avantium.com) a leading company in renewable and circular polymer materials, announces the strengthening of its partnership with SCG Chemicals Public Company Limited (Bangkok, Thailand; www.scgchemicals.com) a leading chemical player in Asia and an innovator of…