MOSCOW (MRC) -- MAN Energy Solutions and Wasco have signed a Memorandum of Understanding (MOU) to promote and commercialize Power-to-X (PtX) projects in South-East Asia, said Hydrocarbonprocessing.
The technology in question converts electricity into carbon-neutral synthetic fuels, gas or liquid, for use as a clean, carbon-neutral energy source. Due to travel restrictions triggered by the Covid-19 pandemic, the signing ceremony took place as a digital event with representatives from both companies participating via a live-video stream.
“We see a huge potential for Synthetic Fuels”, said Uwe Lauber, CEO of MAN Energy Solutions. “To advance decarbonization, climate-neutral fuels are needed in all sectors where direct electrification via batteries is not an option – as is the case with international shipping. Without a doubt, Power-to-X is one of the key technologies needed to generate such synthetic fuels. We are very happy to work in South-East Asia together with Wasco and build on their vast network, tremendous experience, and substantial capabilities in the region."
"Both companies have a strong track record, background, and resources in developing energy projects across Asia. This collaboration with MAN on Power-to-X technology is in line with Wasco's growth ambitions driven by innovation. The signing of the MOU reaffirms our commitment to deliver innovative and sustainable solutions to the market, which is the future of the energy sector," said Giancarlo Maccagno, CEO, Wasco Energy Group.
MAN Energy Solutions is a pioneer in the development of Power-to-Gas technology and commissioned Europe’s largest methanization plant to create green methane from hydrogen as far back as 2013. Today, the company offers industrially-scaled 50MW Power-to-Gas and Power-to-X plants as part of its product portfolio.
As MRC informed earlier, MAN Energy Solutions has announced the successful, remote commissioning of a compressor train at Uzbekistan’s largest chemical company, JSC Navoiyazot. This world-first was brought about when installation work for a new nitric-acid plant for fertilizer production was interrupted by the Covid-19 pandemic, with the MAN Energy Solutions’ commissioning team forced to leave the site due to the impending lockdown and associated travel restrictions within the country. In order to avoid any delays and additional costs for the entire project, MAN and the EPC contractor Casale S.A. – the global provider of integrated solutions for the production of fertilizers and chemicals – rapidly put in place an alternative plan to commission the machinery with remote supervision by MAN engineers using the company’s digital technology.
Ethylene and propylene are feedstocks for producing polyethylene (PE) and polypropylene (PP).
According to MRC's DataScope report, PE imports to Russia dropped in January-June 2020 by 7% year on year to 328,000 tonnes. High density polyethylene (HDPE) accounted for the main decrease in imports. At the same time, PP imports into Russia rose in the first six months of 2020 by 21% year on year to 105,300 tonnes. Propylene homopolymer (homopolymer PP) accounted for the main increase in imports.
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