Projects & Finance

Energy investment rebounded 10% worldwide so far in 2021, making up most of what it lost last year due to the pandemic, the International Energy Agency (IEA) finds. By the end of the 2020s, however, capital spending on clean energy projects needs to surge sevenfold to above $1 trillion to reach Net-Zero emissions by 2050.

Zeeland Refinery, owned by Total and Lukoil, has contracted Air Liquide to install a carbon capture and liquefaction unit for its hydrogen production at the Vlissingen site. The ‘Cryocap FG’ (Flue Gas) plant will capture and liquefy over 90% of CO2 emissions for storage in the Dutch North Sea.

Black & Veatch has been selected to carry out technical, engineering and commercial feasibility studies of the Andes Energy Terminal (AET) situated in the Aguadulce Peninsula, Colombia. It will scrutinise the development of a LNG regas terminal and adjacent 400 MW gas power station.

Mitsubishi Power Aero and its Mexican arm have installed and commissioned five FT8 MOBILEPAC aero-derivative dual-fuel gas turbines (30 MW each) for CFEnergia. It took just 145 days from Request for Proposals (RFP) to start-up, and the 150 MW plant is ready in time to deliver critical power for the peak summer season.

Summit Power and GE have placed a 9HA.01 gas turbine on the foundation of the 583 MW combined-cycle power plant in Meghnaghat. GE supplied equipment under a turnkey EPC contract and once commissioned in 2022, the CCGT will be capable of powering up to 700,000 homes.

Indonesia’s national oil company Pertamina plans to build an onshore regas terminal to power the country’s largest oil refinery on Java. As an island nation, Indonesia uses floating LNG terminals to distribute domestic gas supplies to where long-range pipelines are lacking.

German TSOs TenneT and 50Herz are building an electricity highway to transport over 2 Gigawatt of wind energy from the North Sea over 500 kilometres to southern Germany. Siemens Energy will deliver the HVDC converters to minimise electricity loss during transmission. 

Russia’s gas giant Gazprom has built 260 km of a feeder pipeline between the huge Chayandinskoye field in Yakutia and the ‘Power of Siberia’ interconnector to China. Eager to boost exports, Gazprom is also building a link to connect the Kovyktinskoye field to the Power of Siberia pipeline in late 2022.

Two power projects in West Africa have received MAN engines, and the German manufacturer handed over two further plants in Gambia and Guinea. Eight MAN 14V51/60 engines drive a 110 MW plant in Mali, while six 9L51/60 engines supply a cement factory with 54 MW electricity in Senegal.

MHI Compressor International (MCO-I) will deliver and install four compressors and two steam turbines in the second quarter of 2022 to help expand Koch Fertilizer’s ammonia production facility in Fort Dodge, Iowa. Koch freed up $140 million to modernise its Fort Dodge plant and boost ammonia production capacity by 85,000 tons per year.

Rolls-Royce has installed and commissioned eight MTU emergency generator sets with 9.2 MWe power output at a major bank near Madrid. The four MTU 4000 DS1650 and four 2000 DS1100 units ensure continuous electricity supply to the bank’s data centre should the public power grid fail.

Pipe-laying works for Nord Stream-2 continue until the end of September for the final stretch from Bornholm Island up to the German border. The Danish maritime authority confirmed works are being carried out by the Russian-flagged Akademik Cherskiy pipe-laying vessel and fellow ship Fortuna. Sea-trials will follow to scrutinize the pipeline before start-up.

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News in Brief

CCUS market to reach nearly $3bn in 2025

Oct 25 – The global carbon capture, utilization, and storage (CCUS) market will grow from $1.30 billion in 2020 to $1.46 billion in 2021, according to ResearchAndMarket estimates. The rebound comes as companies return to normal operations and sales, after a pandemic-related slowdown. Analysts expect the market will keep growing at a rate of nearly 20% annually to reach $2.97 billion by 2025.

SDG&E accelerates drive towards Net Zero by 2045

Oct 20 – San Diego Gas & Electric Company (SDG&E) has set a new sustainability strategy, outlining new and accelerated goals to help meet its pledge to reach net zero greenhouse gas (GHG) emissions by 2045. SDG&E it now seeks to operate a 100% zero emissions vehicle fleet by 2035 – five years earlier than planned.

B&W develops biomass-to-hydrogen plant in Australia

Oct 19 – B&W's Renewable segment and Port Anthony Renewables Ltd have started to develop a biomass-to-hydrogen energy project in Victoria, Australia, based on B&W’s BrightLoop technology. When completed, the plant is expected to be part of the largest green hydrogen hub in south-eastern Australia.

LNG prices rise faster than oil

Oct 18 – Liquefied natural gas and pipeline supplies have experienced an even sharper increase in prices in 2021 than oil, driven by a combination of circumstances that included a strong recovery in demand in North Asia, southeast Asia and Europe, unseasonal weather and planned and unplanned capacity outages.

Wärtsilä shaft gensets to power two LNG carriers

Oct 14 – The Finish technology group Wärtsilä has been awarded a contract to supply four shaft generators to provide electricity take-off from the main engines of two LNG carriers. The ships are being built at the Hyundai Heavy Industries (HHI) shipyard in Korea on behalf of the Capital Gas Ship Management of Greece.

VoltH2 gets green light for large hydrogen plant

Oct 13 – Vision Hydrogen Corp has announced that its affiliate VoltHe has received building and environmental permits to realise its first large-scale hydrogen plant at the Dutch North Sea Port of Vlissingen. The 5 MW hydrogen plant is located near existing high voltage power and gas infrastructure as well as large wind power assets. Once operational, it will produce around 3,500 tons of green hydrogen per year and will be scalable to 100 MW or 14,000 tons.

Tesla overtakes German e-cars

Oct 12 – Sales of Tesla in Germany has overtaken that of leading German carmakers. In September, more electric Tesla Model 3s were registered in the country than leading domestic models, such as the BMW 3 Series, Audi A4 and Mercedes C-Class combined.

EnerMech spends £500k on crane training tech

Oct 11 – EnerMech has invested £500,000 in new crane simulator training systems at its Luanda (Angola), Doha (Qatar) and Great Yarmouth (UK) facilities. The British company recently formed a joint venture with 3t Energy Group to bring the KraneSIM-6000 equipment to both Qatar and Angola and offer in-country training across client organisations globally.  

Germany finances green hydrogen projects abroad

Oct 8 – The German government has agreed to support green hydrogen projects in other countries with up to €350 million by 2024, the economy ministry said when publishing a directive with relevant guidelines. Moreover, financial support is given to projects that produce and process green hydrogen for storage, transport and use in countries outside the EU through investment grants worth up to €15 million each.

UK e-car sales surge 186%

Oct 6 – Sales electric cars in the UK have surged 186% to a total of 108,000 in 2020 during the pandemic, up from just 38,000 in the previous year. Latest statistics show there were nearly 300,000 pure-electric cars on UK roads at the end of August 2021, and more than 600,000 plug-in models if including plug-in hybrids (PHEVs).

FogHorn deploys AI software at Chugoku Electric Power in Japan

Oct 4 – FogHorn, developer of Edge AI software, has deployed its Internet of Things (IoT) software at the Chugoku Electric Power hydroelectric power plant. The AI solutions will make the power gen process more efficient and enhances workplace safety. Chugoku Electric Power employs nearly 9,200 workers across 114 power units in the western part of Honshū, the largest island of Japan.

Rolls-Royce supplies MTU engines for ferry propulsion

Oct 1 – Rolls-Royce's new MT engines, automation system, and MTU Go! tool for remote service have future-proofed the high-speed catamaran Avemar Dos, run by the Spanish operator Balearia. Four MTU 20V1163 M84 units replaced the previous 1163 units, taking the vessel to a "new level of ecological soundness," the manufacturer says.

GES appoints former Puma Energy Chairman as NED

Sept 30 – Global Energy Storage (GES) has appointed the former Puma Energy Chairman, Graham Sharp, as an NED. Graham will support GES on its ‘new energies’ strategy for the energy transition, focusing on hydrogen fuels and hydrogen carriers space.

Aggreko reaches 2 GW of live power gen capacity

Sept 29 – Aggreko has today announced it has reached 2GW of live global gas power capacity and growth in flare gas to power and stranded gas projects. This new record follows a milestone of exceeding 1GW of delivered flare gas power projects in 2020.

Wärtislä renews O&M agreement with Lafarge Africa

Sept 28 – The Finish technology group Wärtsilä has renewed a long-term Operation & Maintenance (O&M) agreement with Lafarge Africa, a large producer of building materials in Nigeria. The agreement covers the 100 MW Lafarge Ewekoro power plant, which provides a dedicated supply of electricity to the company’s concrete and cement manufacturing processes.

Rolls-Royce supplies MTU engines to Sanlorenzo

Sept 27 – Rolls-Royce business unit Power Systems will become one of the leading engine suppliers for Sanlorenzo, delivering MTU 10V, 12V and 16V 2000 yacht engines with a compact IMO 3 solution. A framework contract from 2022 through 2024 has been signed at the Monaco Yacht Show.

Shell exits Permian Basin

Sept 24 – Royal Dutch Shell has sold all its upstream interested in US Permian Basin to ConocoPhillips for $9.5 billion in cash. Shell’s assets in the Permian include around 225,000 net acres with a current production of around 175,000 barrels per day equivalent.

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