At the AGM the executive committee has to report on the activities and explain the plans for the next period. There were some proposals for the members to decide upon. First of all it was proposed and decided to move the legal address from Brussels to The Hague at the address of our management assistance company LeJeune. Secondly a number of amendments to the constitution were proposed and accepted.
At our mini symposium Manuel Asali of Nexant and Kees Aartsen of Sabic gave presentations about the world behind the (possible) investments from the Far and Middel East to Europe. Both presentations are available for members on our website. Crucial in Nexant's presentation is the price of oil and the tendency for oil producers to also invest downstream. Nexant envisioned that most investments will follow the FMT logic (Feedstock, market and technology). Mergers and acquisitions will be the main tools for new investors. From the Sabic story it became clear that companies want to be present in the markets with production of oil derivatives and are looking for partners in the same field. The most valued part of any takeover is the experience and knowledge of the personel involved and especially the latter is an eye opener as far as the existing value propositions are concerned.
The chemical park Huelva is much more impressive if you see what is going on over there and we had a perfect view from the bus followed by sightseeing the park from a catamaran
Maire Tecnimont awarded €80 Million EPCM refining contract at the Corinth Refinery, Greece
A new C3 splitter unit to be implemented inside the Corinth Refinery.
Circular economy : Air Liquide and TotalEnergies innovate to produce renewable and low-carbon hydrogen at the Grandpuits Zero Crude Platform, France
Air Liquide will invest over 130 million euros in the construction and operation of a new unit producing hydrogen. This unit will partly use biogas from the biorefinery built by TotalEnergies, and...
LyondellBasell Makes Decision to Progress Advanced Recycling Plant in Wesseling, Germany
start Engeneering to build an advanced recycling plant using MoReTec technology, this commercial scale advanced recycling plant would convert pre-treated plastic waste into feedstock for new plasti...
Air Products and Mabanaft Plan to Build Large-Scale Green Energy Import Terminal in Hamburg
Targeted to provide hydrogen to Germany in 2026, the planned import terminal is to be located at Mabanaft’s existing tank terminal in the Port. This location offers strategic access to green ammoni...