MOSCOW (MRC) -- Green Fuel and Haldor Topsoe have signed an MOU which will see the companies partnering to identify efficient and scalable technologies for the production of green ammonia in Iceland, said Hydrocarbonprocessing.
The agreement also enables the two companies to explore other business opportunities within green ammonia. Green ammonia will be vital for the decarbonization of hard-to-abate industries such as shipping, heavy goods transport and agriculture.
Topsoe and Green Fuels are both already active in developing green solutions to help combat the climate challenge. The two parties are now collaborating to develop viable and efficient solutions, which could serve to establish Icelandic production of green ammonia.
“Iceland offers large-scale volumes of the renewable power needed from its vast hydro and geothermal resources, and we see an exciting potential for the production of clean fuels,” said Tore Sylvester Jeppesen, Senior Vice President at Topsoe.
As part of its plan to produce green ammonia and green hydrogen in Iceland, Green Fuel has also secured an LOI to operate at Bakki Eco-Industrial Park in northeast Iceland.
As per MRC, Dow (Midland, Michigan), the world's petrochemical major, and Haldor Topsoe have partnered to promote the circular economy. About 300 million tons of plastic waste is produced every year on a global scale. The partnership between Dow and Topsoe marks a new initiative to efficiently convert waste plastics to circular plastics, keeping them out of the environment and responsibly reclaiming their value. Plans include Dow to proceed with the design and engineering for a 10,000 ton per year market development unit using Haldor Topsoe’s PureStepTM technology to purify pyrolysis oil feedstock derived from waste plastics for use in circular products.
According to MRC's ScanPlast report, Russia's estimated PE consumption totalled 1,396,960 tonnes in January-July 2021, up by 7% year on year. Shipments of all grades of ethylene polymers increased. At the same time, PP shipments to the Russian market were 841,990 tonnes in the first seven months of 2021, up by 29% year on year. Supply of propylene homopolymers (homopolymer PP) and block-copolymers of propylene (PP block copolymers) increased, whereas supply of statistical copolymers of propylene (PP random copolymers) subsided.
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