Methanol Chemicals – known as Chemanol – a Saudi Arabian producer of methanol and derivatives, has signed agreements to acquire controlling stakes in two compatriot chemical companies.
Swedish chemical company Perstorp has selected Johnson Matthey to provide the license and engineering for its Product Air methanol plant at Stenungsund.
US chemical group Celanese is extending one existing strategic collaboration with Japan’s Mitsui and establishing a new one. Added to the 50:50 methanol joint venture will be a new 30:70 JV in food ingredients, in which the Japanese partner will hold the majority.
Polish companies Energy Group and Hynfra have signed a Letter of Intent (LoI) to develop a project that would produce green hydrogen, green ammonia and methanol. The companies estimate the cost of the project to be more than €22 billion.
Danish shipping giant A.P. Moller-Maersk has signed a Letter of Intent with Chinese bioenergy enterprise Debo to take the full output of its proposed green methanol plant.
British engineering and consulting group Wood has won two contracts from Uzbek contractor Enter Engineering for projects in the Central Asian country. The contracts together are worth more than $200 million.
