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NextChem and JFE Engineering sign agreement to produce low-carbon chemical products

December 23/2020

MOSCOW (MRC) -- NextChem, Maire Tecnimont Groups subsidiary for the development of projects and technologies for energy transition, and JFE Engineering Corporation, engineering and operative company of Japan Group JFE, have signed a commercial agreement which strengthens the cooperation between the companies, according to Hydrocarbonprocessing.

The agreement aims at developing in cooperation the model which considers waste as a resource to produce advanced fuels, hydrogen, fertilizers and low carbon chemical products. The process of chemical conversion of waste into syngas and the use of this intermediate to produce circular hydrogen, advanced fuels and many other key products for world economies, allows to contribute to the decarbonization of production processes and to reduce the carbon footprint in the final use phase of products.

The alliance between the companies allows an integrated enhancement of plant technologies of JFE and Maire Tecnimont Group for the realization of Waste to Chemical projects, starting from the feasibility study from an economic and technical perspective, up to the turn key construction, including the high qualified training of the staff in JFE plants in Japan. Starting from JFEs experience Nextchem has defined an integrated Waste to Chemicals technological platform that is ready and willing to license worldwide.

The recovery of carbon and hydrogen contained in waste allows to reduce the use of fossil sources for the production of fuels and basic chemicals. The collaboration between NextChem and JFE Engineering Corporation enhances the know-how of the Groups. NextChem aims to expand its offer to the global market of technological solutions for the energy transition and circular economy, stimulating the demand. Our technological Waste to Chemical platform is solid, referenced, ready and profitable; it is our response to the forced and virtuous path to a low-carbon economy, to the problem of dependence from abroad of many countries for some basic products of the chemical industry and also to the global problem of recovery of waste fractions currently not recyclable, commented Pierroberto Folgiero, CEO of Maire Tecnimont Group and NextChem.

As MRC reported before, in July 2020, Eni and NextChem, the Maire Tecnimont Groups subsidiary for green chemistry, strengthen their partnership one year after their first agreement. This partnership will conduct research for a new project to be developed in Taranto, in addition to ongoing engineering studies for a waste-to-hydrogen production plant at the Eni bio refinery in Venice, Porto Marghera, and for a waste-to-methanol production plant at the Eni refinery in Livorno.

Ethylene and propylene are feedstocks for producing polyethylene (PE) and polypropylene (PP).

According to MRC's ScanPlast report, Russia's estimated PE consumption totalled 1,760,950 tonnes in the first ten months of 2020, up by 3% year on year. Only high density polyethylene (HDPE) and linear low density polyethylene (LLDPE) shipments increased. At the same time, PP shipments to the Russian market reached 978,870 tonnes in  January-October 2020 (calculated using the formula: production minus exports plus imports minus producers' inventories as of 1 January, 2020). Supply of exclusively of PP random copolymer increased.
Author:Margaret Volkova
Tags:Europe, PP, PE, LLDPE, crude and gaz condensate, PP random copolymer, propylene, HDPE, ethylene, fertilizers, petrochemistry, recikling, Eni, Russia, Japan.
Category:General News
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