Just how many hazardous chemicals are going through Laem Chabang port?

The Thaiger | June 02, 2019

That was the first explanation we heard after the fire that happened last Saturday, May 25, when containers from the KMTC Hongkong burst into flames at Laem Chabang Port, south east of Bangkok. The port area is just to the north of Pattaya on the eastern seaboard. Firefighters spent nearly 18 hours battling the confounding blaze as it spread through the containers on the ship billowing toxic fumes and plumes of smoke, causing 228 people, including nearby residents, to be rushed to hospital with burns, eye irritation and breathing difficulties.Financial losses, still not fully accounted for, are estimated at well over 100 million baht, according to a report in the Bangkok Post.When a 15 kilometre radius was declared around the site as a ‘red zone’ local Thais became rightfully suspicious that a few dolls and toys going up in smoke could cause so much disruption.
Later it was declared that the dolls and toys were actually calcium hypochlorite, a flammable and potentially dangerous chemical. But authorities had to analyse the chemicals that had caused so much damage and smoke because there was no record of it being in the containers on the ship.

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Industrial biotechnology has come of age. Improved industrial sustainability through biotechnology, the focus of this report, addresses many global environmental concerns. Biotechnology has clear environmental advantages and is economically competitive in a growing number of industrial sectors. It enables reductions of material and energy consumption, as well as pollution and waste generation, for the same level of industrial production.


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CHEMICAL MANAGEMENT

ENERGY SERVICES OF AMERICA COMPLETES ACQUISITION

Energy Services of America Corporation | May 09, 2022

Energy Services of America Corporation has completed the previously announced purchase of Tri-State Paving & Sealcoating, LLC a West Virginia corporation located in Hurricane, West Virginia. As previously noted, Energy Services paid $7.5 million in cash, acquired a $1.0 million Promissory Note, and issued $1.0 million in Energy Services Common Stock to acquire Tri-State Paving. "This is the special type of business combination where everyone involved wins. Our customers, and especially our employees, will all benefit from the additional resources provided by our becoming part of the Energy Services family of companies. Over the last eighteen years TSP built our reputation around safety, quality, and customer service. We are a natural fit with Energy Services, and I am excited to see what the future holds for this new alliance." David Corns will continue his role as President of Energy Services' new subsidiary Douglas Reynolds, President, commented on the announcement. "We are very excited to announce the completion of this acquisition. Tri-State Paving is a great company and will be an important factor in growing our water distribution services, which is a key strategic initiative for Energy Services." Reynolds continued "We are also very pleased that David Corns had agreed to stay on with us. David has a tremendous amount of knowledge and experience in the industry, and we look forward to working with him." About Energy Services Energy Services of America Corporation headquartered in Huntington, WV, is a contractor and service company that operates primarily in the mid-Atlantic and Central regions of the United States and provides services to customers in the natural gas, petroleum, water distribution, automotive, chemical, and power industries. Energy Services employs 700+ employees on a regular basis. The Company's core values are safety, quality, and production. Certain statements contained in the release including, without limitation, the words "believes," "anticipates," "intends," "expects" or words of similar import, constitute "forward-looking statements" within the meaning of section 21E of the Securities Exchange Act of 1934, as amended. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance, or achievements of the Company to be materially different from any future results, performance or achievements of the Company expressed or implied by such forward-looking statements. Such factors include, among others, general economic and business conditions, changes in business strategy or development plans, the effect of the COVID-19 pandemic, the integration of acquired business and other factors referenced in this release. Given these uncertainties, prospective investors are cautioned not to place undue reliance on such forward-looking statements. The Company disclaims any obligation to update any such factors or to publicly announce the results of any revisions to any of the forward-looking statements contained herein to reflect future events or developments.

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CHEMICAL MANAGEMENT

Occidental SK Trading International sign first agreement for net-zero oil created from captured atmospheric carbon dioxide

Occidental | March 23, 2022

Occidental announced an agreement with an affiliate of SK Trading International, a subsidiary of SK Innovation Co. Ltd. for the first net-zero oil created by combining crude oil together with environmental attributes generated from the sequestration of atmospheric carbon dioxide captured via 1PointFive’s planned large-scale Direct Air Capture facility and sequestered in Occidental’s enhanced oil recovery reservoirs in the U.S. Permian Basin. SK Trading International expects to convert the net-zero oil into net-zero products. This is one step both companies are taking together in furtherance of their net-zero ambitions and commitments to address climate change. Under the agreement, Occidental’s marketing affiliate may provide SK Trading International’s affiliate with an opportunity to purchase up to 200,000 barrels of net-zero oil per year for five years. To produce the environmental attributes that are utilized for the net-zero oil for this agreement, Occidental plans to inject approximately 100,000 tonnes of captured atmospheric CO2 volumes per year, which is equal to the expected CO2 emissions from the entire crude oil lifecycle, including extraction, transportation, storage, shipping, refining, subsequent use, and combustion. Net-zero oil, which is compatible with existing refinery infrastructure, can help hard-to-abate industries advance their net-zero commitments by providing an affordable, scalable fuel option that does not contribute to additional atmospheric CO2. 1PointFive's first DAC facility, which is expected to be online in late 2024 and also will include pure sequestration, is in the process of being deployed using Carbon Engineering's industrial-scale DAC solution. The facility will extract atmospheric CO2 and permanently store it deep underground in geologic formations delivering permanent and verifiable carbon dioxide removal. “Net-zero oil is an important component of the energy transition and provides a critical bridge as society moves to a net-zero economy. As Occidental advances our Pathway to Net Zero, we are excited to partner with SK Trading International and leverage our licensed direct air capture technology and EOR experience to create a new solution for the transportation sector,” Richard Jackson, President, U.S. Onshore Resources and Carbon Management, Operations, Occidental SK Trading International, along with SK Innovation, has declared its 2050 Net Zero Journey and is actively developing its action plans to become net zero and even accomplish it earlier than planned. Under its “Carbon to Green” strategy, the company is transforming its overall portfolio with an emphasis on low-carbon business, and is also pursuing measures to manage Scope 3 carbon emission intensity. The introduction of net-zero oil is well aligned with the company’s net-zero commitments and is expected to not only tackle climate change but also accelerate the company’s sustainable growth. “We are pleased to be a part of the world’s first carbon emission reduction initiative that is underpinned by processing net-zero oil on a life-cycle analysis basis. We are also thrilled to team up with Occidental, one of the most respected energy companies in the world,” said SUH Sokwon, President & CEO of SK Trading International and President of SK Energy Refinery Business. He added, “In the midst of energy transition, one of the biggest changes in our time, the sustainable business ecosystem built around net-zero oil and low carbon products will contribute to Global Net Zero efforts in a new way.” (1) The term “net-zero oil” indicates crude oil combined together with environmental attributes generated through the removal and sequestration of atmospheric CO2 through an EOR process in an amount equivalent to the CO2 associated with the production, delivery and refining of the crude oil and the use of the resulting product. About Occidental Occidental is an international energy company with assets primarily in the United States, the Middle East and North Africa. We are one of the largest oil producers in the U.S., including a leading producer in the Permian and DJ basins, and offshore Gulf of Mexico. Our midstream and marketing segment provides flow assurance and maximizes the value of our oil and gas. Our chemical subsidiary OxyChem manufactures the building blocks for life-enhancing products. Our Oxy Low Carbon Ventures subsidiary is advancing leading-edge technologies and business solutions that economically grow our business while reducing emissions. We are committed to using our global leadership in carbon management to advance a lower-carbon world. About SK Innovation Established as South Korea’s first oil refining company in 1962, SK Innovation engages in diverse areas of business, including exploration and production (E&P), batteries, and information and electronics materials. It owns SK Energy, South Korea’s No. 1 refining company; SK geo centric, the leader in the domestic petrochemical industry; SK Lubricants, a global lubricants company; SK Incheon Petrochem, a refining and chemical company; SK Trading International, a trader of crude oils and petrochemicals; SK Earthon, South Korea's longest and largest independent exploration and production company; and SK IE Technology, a global information and electronic material solution company. As part of their management system, SK Innovation pursues the maximization of happiness for all stakeholders.

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CHEMICAL MANAGEMENT

Summit Carbon Solutions Advances in South Dakota

Summit Carbon Solutions | February 10, 2022

On the heels of submitting its pipeline permit application in Iowa in late January, Summit Carbon Solutions announced that it filed its pipeline permit application with the South Dakota Public Utilities Commission Monday. Summit's carbon capture and storage project will connect ethanol biorefineries across five states in the upper Midwest – Iowa, Minnesota, Nebraska, North Dakota, and South Dakota. Seven ethanol biorefineries in South Dakota have partnered with Summit along its approximately 469-mile route across the state. "Summit Carbon Solutions' project will benefit farmers across the state by maintaining a strong corn market while supporting ethanol producers. The project will also provide tax revenue for the counties along the route and help the environment," said Walt Wendland, CEO of Ringneck Energy, one of Summit Carbon Solutions' ethanol plant partners in South Dakota. By capturing and permanently storing carbon dioxide emissions from partner ethanol biorefineries, Summit Carbon Solutions will cut the carbon footprint of their ethanol in half, which will help ensure the long term environmental and economic sustainability of ethanol facilities in South Dakota. Ethanol plants purchase approximately half of the corn grown in South Dakota and represent a vital market for South Dakota farmers. "Summit Carbon Solutions will be transformational for the agriculture industry throughout South Dakota. Our team understands the challenges the agriculture and biofuels industries face year in and year out, and we're focused on working with producers to help improve their sustainability and position them well for decades to come." Bruce Rastetter, CEO of Summit Agricultural Group Summit Carbon Solutions seeks to lower greenhouse gas emissions by connecting industrial facilities via strategic infrastructure to store carbon dioxide safely and permanently in the Midwestern United States.

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CHEMICAL MANAGEMENT

New Greentech Start-Up, Refhuel, to Develop Reversible Fuel Cell Technology

International Petroleum Corporation | February 07, 2022

A new business, Refhuel, which will focus on reversible fuel cell technology launches. It’s the result of a license agreement signed between Refhuel Limited, a subsidiary of Decama Capital Ltd, an Israeli investment company headquartered in the UK and listed on the Tel Aviv Stock Exchange and BIRAD, Bar-Ilan University’s research and development company. The pioneering technology to allow reversible fuel cells, which is already in development, has been worked on at Bar-Ilan University in Israel under the leadership of Professor Lior Elbaz. Professor Lior Elbaz, the head of the Israel fuel-cells consortium, is based at the Department of Chemistry at Bar Ilan University and is a globally respected fuel cells expert. Refhuel is developing a reversible fuel-cell based on a proprietary hydrogen carrier technology that will enable efficient storage and production of energy. The announcement comes as Decama Capital Ltd looks to expand and explore new investment opportunities, particularly in the renewable energy sector. Professor Lior Elbaz, Co-Founder of Refhuel and Associate Professor in Chemistry at Bar-Ilan University, Israel, said: “I am really excited to have reached this point. We have passed the proof of concept stage and, in time, the technology has the potential to revolutionize energy storage and production. The world is looking for affordable, sustainable energy and this technology promises to help deliver this.” Dr. Tsvika Ben Porat, CEO of BIRAD “The signing of the agreement with Decama Capital subsidiary Refhuel represents the latest example of BIRAD’s work translating the exciting research at our university into a commercial opportunity. Professor Elbaz’s work and innovation has the potential to change the way we store energy. It’s an example of not only Bar Ilan’s excellence but Israel’s leading position as a tech nation.” Nate Lorenzi, Co-Founder of Refhuel and CEO of Decama Capital Ltd, said: “We are delighted to come together with Bar-Ilan University to launch Refhuel. Professor Elbaz is a world leading figure and his research will have a transformational impact. Energy supply and climate change are challenges facing every nation. As we move towards renewables, we face the problem of energy storage. The technology we are developing at refhuel has the potential to be the solution to this. This Is a landmark event for Decama Capital and we look ahead to have a great success with Refhuel.” Refhuel Decama Capital Ltd is a cross-sector Israeli investment company, with primary holdings in real estate, and an active interest in investing in rapidly growing industries, including impact investing and renewable energy. Founded in 2005, and listed on the Tel Aviv stock exchange, it has an experienced team of investment professionals. Headquartered in London and with offices in Israel, its expertise lies in its l, strategic and commercially driven approach to investing and navigating complex deals. Nate Lorenzi has been the CEO since 2018. BIRAD Research & Development Company Ltd. was established in order to translate new inventions made at Bar-Ilan University into useful products that can be effectively commercialized, thus strengthening the economy, promoting innovation and improving lives. Bar Ilan University, founded in 1955, is Israel’s second largest university, with about 19,000 students and about 1,350 members of academic staff. Professor Lior Elbaz is Associate Professor in Chemistry at Bar-Ilan University, Israel. He received his PhD in chemical engineering from the Ben-Gurion University, Israel. During his graduate studies, he specialized in electrochemistry and worked on the development of catalysts for fuel cells. He was a post-doctoral fellow at the Los Alamos National Laboratory in New Mexico (USA), returning there as Visiting Scientist, 2020-21. Professor Elbaz established the Israeli Fuel Cells Consortium in 2016 with the support of the Fuel Choices and Smart Mobility Initiative of the Israeli Prime Minister's Office, and heads it. This is a 12-member labs consortium with representation from all major universities in Israel. Professor Elbaz is also the Israeli representative to the International Energy Agency’s Advanced Fuel Cells Executive Committee, and a member of Israel’s President’s Climate Forum. He his consulting for some of Israel’s largest energy companies, and has been actively promoting the Hydrogen Economy.

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Spotlight

Industrial biotechnology has come of age. Improved industrial sustainability through biotechnology, the focus of this report, addresses many global environmental concerns. Biotechnology has clear environmental advantages and is economically competitive in a growing number of industrial sectors. It enables reductions of material and energy consumption, as well as pollution and waste generation, for the same level of industrial production.

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