PRODUCTS AND TECHNOLOGIES, MARKET OUTLOOK
Technip | November 28, 2022
Technip Energies N.V. announces that the liquidity agreement entered into with Kepler Cheuvreux dated July 9, 2021 has been suspended as of November 22, 2022, pending renewal of the resolution of the general meeting of shareholders authorizing share buybacks.
The number of shares and amount allocated as of November 22, 2022, close of trading, to the Liquidity Contract was 8,900 shares and €9,780,454.34. As a reminder, the securities and amounts that were allocated to the Liquidity Agreement as of June 30, 2022, were 207,823 shares and €6,832,747.61.
About Technip Energies
Technip Energies is a leading Engineering & Technology company for the energy transition, with leadership positions in LNG, hydrogen and ethylene as well as growing market positions in blue and green hydrogen, sustainable chemistry and CO2 management. The Company benefits from its robust project delivery model supported by an extensive technology, products and services offering.
Operating in 34 countries, our 15,000 people are fully committed to bringing our clients’ innovative projects to life, breaking boundaries to accelerate the energy transition for a better tomorrow.
Technip Energies shares are listed on Euronext Paris. In addition, Technip Energies has a Level 1 sponsored American Depositary Receipts program, with its ADRs trading over-the-counter.
Babcock & Wilcox | November 22, 2022
Babcock & Wilcox announced that it has signed an agreement with NRG Korea to study the applicability of B&W’s BrightLoop™ technology for a hydrogen generation facility using biomass fuel in South Korea.
B&W’s BrightLoop chemical looping technology is part of its ClimateBright™ suite of decarbonization and hydrogen technologies. The BrightLoop process uses a proprietary, regenerable particle and has been demonstrated to effectively separate carbon dioxide while producing hydrogen, steam and/or syngas, and is ready for commercial scale-up.
B&W and NRG have signed a memorandum of understanding to study the technology and potentially develop the project, which would use waste biomass as feedstock to produce hydrogen for fuel cells used for electrical generation.
“As the energy transition accelerates, clean hydrogen from net-carbon neutral sources will play an increasingly important role in energy generation. B&W’s BrightLoop technology is a cutting-edge solution for hydrogen generation from virtually any fuel stock, and, depending on a customer’s needs, also can be used to isolate CO2 for capture or use, and produce steam or syngas. BrightLoop is a flexible solution with a wide array of potential applications.”
Joe Buckler, B&W Senior Vice President, Clean Energy
“We’re excited to have the opportunity to work closely with NRG to develop this groundbreaking clean energy project,” Buckler said.
Jay Kim, Chief Executive Officer of NRG Korea said, “NRG Korea is excited to be cooperating with Babcock & Wilcox, a world-renowned technology leader, in the development of this unique and innovative energy project. We see this project as a significant development in the renewable energy space by generating clean electrical power using green hydrogen produced from a renewable waste-based fuel.”
NRG Korea, established in 2008, is a Korean company specializing in waste processing and manufacture of alternative fuels and holds a number of patents related to their unique processing technologies.
B&W’s ClimateBright suite of revolutionary decarbonization technologies are designed to help utilities and industry aggressively combat greenhouse gas emissions and climate change. These technologies have application for a wide range of industries including energy production, food manufacturing, steel, cement, oil and gas, pharmaceutical, petrochemical, carbon black, and pulp and paper.
About Babcock & Wilcox
Headquartered in Akron, Ohio, Babcock & Wilcox Enterprises, Inc. is a leader in energy and environmental products and services for power and industrial markets worldwide.
CHEMICAL TECHNOLOGY, MARKET OUTLOOK
BASF and Moleaer Inc. | November 10, 2022
Global chemical company BASF and Moleaer™ Inc., the global leader in nanobubble technology, announced an exclusive partnership. This partnership will combine expertise in mineral processing, hydrometallurgy, gas transfer, and nanobubble technology to develop innovative processes for mining. The initial aim is to target the copper leaching process and improve extraction rates of copper ores containing high levels of chalcopyrite, which have historically been difficult to leach.The demand for copper is expected to increase significantly, as it is an essential raw material for driving the electric revolution. This will play a key role as an enabler to decarbonizing the global economy. According to a report released in July by S&P Global Market Intelligence, the annual demand for copper is projected to reach 50 million metric tons by 2035, from the current 25 million metric tons today. The study also finds a potential copper deficit of as much as 10 million metric tons.
As existing mines deplete their resources, higher demand will require new mines. In addition, ore grades are declining, ore mineralogy is becoming more complex, and ESG (Environmental, Social and Governance) responsibilities are increasing. The result is that new mines are taking longer and longer to come to fruition. Therefore, maximizing the recovery of copper from existing reserves has never been more crucial.
Copper is extracted from primary sulfide ores through a flotation process and low-grade ores are traditionally discarded because they are too costly to process. Currently, an alternative hydrometallurgical heap leach process is employed for low grade oxide and secondary sulfide ores. It is, however, very difficult to leach primary sulfide ores, such as chalcopyrite, which leads to low recovery efficiencies.
Based on test work conducted by BASF, Moleaer’s nanobubble technology improves the extraction process of valuable metals such as copper. When combined with BASF’s LixTRA™ reagent, the mineral recovery rates and efficiencies are compounded, especially in sulfide-based ores such as chalcopyrite, which have historically been challenging to leach effectively.
“Technological improvements and collaborations like the one we announced today are essential if the industry is to maximize the recovery of copper at existing mines. By combining BASF’s LixTRA reagent, allowing greater ore-lixiviant contact, together with Moleaer’s nanobubble technology to facilitate a higher oxidative environment, we offer technology to the industry to significantly increase copper recoveries.”
-Caren Hoffman, who leads the global mining solutions business at BASF
Nick Dyner, CEO of Moleaer, added: We look forward to working with BASF, a global leader in mineral extraction chemistry, to improve the recovery of copper and help support the green economy. This important collaboration comes at a time when the ability of mining copper is only getting more costly and challenging. Moleaer’s nanobubble technology will allow the mining industry to improve the efficiency and efficacy in existing mines and narrow the gap between supply and demand of copper.
About BASF mining solutions
With innovative products, global field support and industry leading technical expertise, BASF mining solutions provides sustainable solutions which increase productivity, recovery and flexibility throughout the hydrometallurgical process of mining operations in leaching, solvent extraction, flotation, solid/liquid separation and tailings management. Further information can be found at www.mining-solutions.basf.com BASF mining solutions is part of BASF’s Performance Chemicals division. The division’s portfolio also includes fuel and lubricant solutions, plastic additives, as well as oilfield chemicals. Customers from a variety of industries including Chemicals, Plastics, Consumer Goods, Energy & Resources, and Automotive & Transportation benefit from our innovative solutions. To learn more, visit www.performancechemicals.basf.com
Moleaer™ is the leading nanobubble technology company with over 2,000 nanobubble generator installations in 42+ countries. Deploying the unique power of nanobubbles, Moleaer enhances and improves the performance and productivity of some of the most critical industrial processes, unlocking the power of water to help farmers grow more food, empower businesses to manage their water needs more effectively and efficiently, and restore aquatic ecosystems sustainably without chemicals. Nanobubbles, which are 2,500 times smaller than a grain of salt, allow the scarce resource of water do more with less. They supersaturate water with oxygen, form natural oxidants for disinfection, improve plant health, and increase water’s ability to permeate soil and rock. Moleaer’s patented nanobubble technology provides the highest oxygen transfer rate in the aeration and gas infusion industry, with an efficiency of more than 85% per foot of water. Its nanobubble generators are a cost-effective, chemical-free solution proven to increase sustainable food production, reduce chemical usage, restore aquatic ecosystems, and improve natural resource recovery. Moleaer technology has been validated by extensive research and renown universities.