PRODUCTS AND TECHNOLOGIES

Navigator and OCI Sign Agreement for Provision of CO2 Transportation and Storage Services through Heartland Greenway

Navigator CO2 , OCI N.V. | November 29, 2021

Navigator and OCI Sign Agreement for Provision of CO2 Transportation and Storage Services through Heartland Greenway
Navigator CO2 Ventures LLC (”Navigator”) announced today that it has entered into an agreement with OCI N.V.’s wholly-owned Iowa Fertilizer Company facility (“OCI”) to provide CO2 transportation and storage services on its carbon capture and storage system, the Heartland Greenway.

The project is backed by BlackRock’s Global Energy & Power Infrastructure Fund III, which invests in essential, long-term infrastructure assets, and is commercially anchored by Valero.

The agreement signed by both companies outlines the key terms for Navigator to provide CO2 transportation and storage services under a long-term agreement for up to 1,130,000 metric tons of CO2 per year, equivalent to the carbon emissions of approximately 245,000 vehicles driven annually. The project will have two phases, with the first phase focused on process gas representing approximately 500,000 metric tons of CO2 per year, and the second phase for the balance, subject to regulatory enhancements of the 45Q program to make installation of the required post-combustion capture equipment economically feasible.

When the new infrastructure is installed, the project has the capability to capture and store materially all of the CO2 emissions from Iowa’s largest fertilizer plant. Start of operations for the first phase is expected at the end of 2024.

OCI is a global leader in the ammonia and nitrogen fertilizer industries - an important component of agriculture - and forward thinking in their plans for decarbonization. We’re excited to embark on this project with them to provide a long-term and cost-effective solution for handling their CO2 emissions. State-of-the-art nitrogen producers like OCI play a critical role in decarbonizing the agricultural supply chain, as well as industrial feedstocks and fuels, and we look forward to advancing a greener future together.”

 Navigator CEO, Matt Vining

Navigator will be working with other industrial processing plants in the Midwest to adopt a more sustainable approach in the execution of their services and aid in the reduction of their carbon footprints through Heartland Greenway.

Once fully expanded, the Heartland Greenway will be able to capture and sequester 15 million metric tons of CO2 annually, which, according to EPA estimates, is equivalent to eliminating the annual carbon footprint of the Des Moines metro area three times over.

Ahmed El-Hoshy, CEO of OCI NV commented: “We are excited to partner with Navigator on this project which allows for an effective and quick solution to reduce our CO2 footprint and offer low carbon products to our customers across the value chain from our world-scale facility in Iowa. We are monitoring the on-going discussions in Congress around enhancements to the 45Q program to support the project economics and potentially open the opportunity to widen the scope of this project to capture more CO2. This agreement follows the announcement earlier this year that we have the ability to produce up to 365,000 metric tons per year of blue ammonia at OCI Beaumont in Texas, and blue and green ammonia projects in Abu Dhabi and Egypt, and marks another milestone towards achieving our sustainability goals and progressing towards a greener future.”

The agreement is subject to finalization of definitive documents.

About Navigator CO2 Ventures
Navigator CO2 Ventures is a company developed and managed by the Navigator Energy Services (Navigator) management team. The company specializes in carbon capture and storage (CCS), and the management team has safely constructed and operated over 1,000 miles of midstream infrastructure since being founded in 2012. Navigator CO2 Ventures will be hiring skilled individuals to fill new offices across the Heartland Greenway footprint in the Midwest United States, and we are committed to building and operating our projects to meet and exceed safety requirements while minimizing the collective impact on the environment, landowners, and the public during construction and ongoing operations. For more information about Navigator CO2 and the Heartland Greenway, visit our websites at: navigatorco2.com and heartlandgreenway.com.

About OCI N.V.
OCI N.V. s a leading global producer and distributor of nitrogen and methanol products providing lower carbon fertilizers, fuels, and feedstocks to agricultural, transportation, and industrial customers around the world. OCI’s production capacity spans four continents and comprises approximately 16.2 million metric tons per year of nitrogen fertilizers, methanol, biofuels, diesel exhaust fluid, melamine, and other nitrogen products. OCI has more than 3,600 employees, is headquartered in the Netherlands and listed on Euronext in Amsterdam.

Spotlight

Some plastics are designed to be used once or for a short period of time. Many of these plastics help improves our health and safety while lowering environmental impacts. People rely on plastic products and packaging to improve our quality of life in several ways. Plastics enhance health and wellness; improve access to safe, nutritious foods; and reduce environmental impacts. For example, we rely on sterile plastics to help safely administer medicines and lifesaving medical treatments, while preventing the spread of infection and disease. Plastics also help keep food fresher longer, helping to prevent waste, food poisoning, and illness.


Other News
CHEMICAL MANAGEMENT

Xilica® Commits to Net Zero Carbon Emissions

Xilica Corporation | January 27, 2022

Xilica®, a provider of collaboration products that help unlock the power of human connection, announces its commitment to decrease the carbon emissions throughout its business to net zero and achieve Climate Neutral CertifiedSM status. Xilica will be carbon neutral across its global value chain, meaning that every Xilica product sold will have net zero climate impact and support the responsibility efforts of its partners and end customers. As the first vendor in its category to publicly commit to carbon neutrality, Xilica intends to empower customers by enabling more informed purchasing decisions that tie back to a product's impact on the environment. It also hopes that increasing awareness around organizations' carbon footprints will help drive greater reduction efforts throughout the supply chain. "Businesses have a profound opportunity to help tackle the climate crisis, and limit its impact on economic prosperity, human health and well-being that disproportionately affect segments of society. We know that fighting climate change requires strong, coordinated action across industries, and hope our own efforts will make a positive contribution to the larger movement for greater environmental responsibility." James Knight, COO, Xilica As part of its commitment to carbon neutrality, Xilica will work with a range of independent partners including Climate Neutral, an international non-profit organization that collaborates with brands to help offset the entirety of their carbon emissions through systematic measurement and analysis of direct and indirect emissions, supply and management of carbon offsets, and best practice guidance. "Consumers today are yearning for evidence that companies are aware of their contribution to climate change and committed to erasing it," said Climate Neutral CEO Austin Whitman. "We're thrilled to have Xilica commit to this journey. They will join our growing list of certified companies that are proving that we're living in a new era of leadership on climate by top brands." About Climate Neutral Climate Neutral is a 501(c)(3) nonprofit whose mission is to decrease global carbon emissions by creating a trusted net-zero certification for consumer brands. The Climate Neutral Certified label empowers consumers to consciously support companies that measure their entire carbon footprint, offset it in its entirety, and implement strategies to reduce it moving forward. Climate Neutral's standardized process makes it easier for companies to estimate their greenhouse gas footprint, identify credible carbon offsets, and prioritize measures to reduce their emissions. To learn more about Climate Neutral, visit climateneutral.org. About Xilica Xilica® creates collaboration products that help unlock the power of human connection. Built on decades of reimagining how people use technology, Xilica's solutions bridge the distance between individuals, teams, ideas and organisations — unleashing the power of understanding to transform business and society for the better. Through our focus on the enterprise, education and government markets, Xilica and its partners touch the daily lives of people in more than 100 countries.

Read More

CHEMICAL MANAGEMENT

EY joins Alliance to End Plastic Waste, enhancing measurement through deep cross-sector experience

EY | April 28, 2022

The EY organization has joined the Alliance to End Plastic Waste, alongside more than 90 companies, project collaborators, allies and supporters who are committed to ending plastic waste in the environment. EY experience across chemicals, manufacturing, supply chain and finance, will help the Alliance develop more effective environmental, social and governance (ESG) measurement criteria for its work on the ground, which will help the Alliance to catalyze funding for Alliance-led projects. Clear and consistent metrics will form the foundation of sustainable, commercially viable business models that can be scaled for greater impact. Along with its global network of members and partners, the Alliance has built a portfolio of over 35 ongoing projects in 29 countries to support the transition to a circular economy for plastics. The focus is on testing and accelerating solutions to improve the collection, sorting, processing, and recycling of plastic waste – because three billion people worldwide still do not have access to proper waste management services. EY work will contribute to developing innovative and self-sustaining infrastructure systems that can be owned and operated by the communities they benefit. Dr.-Ing. Frank Jenner, EY Global Chemicals & Advanced Materials Leader, says: "Ending plastic waste is a towering ambition that requires action across all segments of society. I believe that through innovation and collaboration with the Alliance community, lasting change can be achieved. One of the key next steps is going to be unlocking the necessary investment in circular, innovative, and viable solutions already adopted by the Alliance. If the right metrics are in place and project performance is consistently measured, it is possible to prove that success can be replicated, thereby attracting greater investment and accelerating progress toward ending plastic waste for good." Steve Varley, EY Global Vice Chair – Sustainability, says: "Collective action is critical for tackling plastic waste, and EY people are well placed to help drive progress on this complex issue. The Alliance to End Plastic Waste is an important cross-industry group dedicated to real change and I'm proud that EY is joining this initiative to help scale truly innovative solutions that protect the planet." Jacob Duer, President and CEO of the Alliance to End Plastic Waste "We are honored to work with world-class organizations like EY to develop solutions that help end plastic waste in the environment. Our growing network reaffirms the importance of collective action to address this complex challenge on multiple fronts, while keeping our eye on the goal of achieving full circularity, augmented by practical measures in the interim. We look forward to working closely with EY to accelerate scalable solutions that are economically self-sustaining." About EY EY exists to build a better working world, helping create long-term value for clients, people and society and build trust in the capital markets. Enabled by data and technology, diverse EY teams in over 150 countries provide trust through assurance and help clients grow, transform and operate.

Read More

CHEMICAL MANAGEMENT

Hunt Consolidated and Dallas Petroleum Club Announce 15-Year Lease Agreement; Petroleum Club to Move to Hunt Building in January 2023

Hunt Consolidated | December 18, 2021

Hunt Consolidated, Inc. and the Dallas Petroleum Club announced they have signed a 15-year lease agreement that will result in the Dallas Petroleum Club moving to Hunt's headquarters building at 1900 North Akard with occupancy to begin in January 2023. "The Petroleum Club is one of Dallas' oldest and most respected organizations and their commitment to the greater Dallas community is undeniable. We are extremely pleased that they have selected our headquarters building as their new home and look forward to welcoming them to one of the most dynamic areas of downtown Dallas." Ray Hunt, executive chairman of Hunt Consolidated and former president of the Dallas Petroleum Club "Arrangement for a new updated space became a paramount consideration as our growing club felt the need for further enhancements," said Jack Lafield, president of the Dallas Petroleum Club. "Hunt's headquarters building is in a prime location and the Club's new quarters will be housed in a space like no other. This is a new era for the Petroleum Club and a new outlook for a healthy, energetic club holding proudly to a distinguished past. Partnering with such a distinguished Dallas industry family made our decision to relocate much easier." Under the terms of the agreement, the Dallas Petroleum Club will occupy the top two floors of Hunt's building. The Petroleum Club will use the top floor as its main dining area and will provide private dining rooms on the floor below. Located at 1900 North Akard Street in downtown Dallas, Hunt's headquarters was built in 2007 and was the first large, privately owned, single-tenant building constructed in the Dallas Central Business District since the 1990s. The building is nestled in the heart of the Dallas Arts District and sits across the street from Klyde Warren Park. The building has been designated the outstanding corporate facility in the region by Building Owners and Managers Association International on five different occasions. The Dallas Petroleum Club will be the second new tenant for Hunt's headquarters building. In November 2021, JPMorgan Chase announced its agreement with Hunt to move Chase's downtown Dallas offices to the building and occupy floors two through five in the third quarter of 2022. Other planned changes to the building include a renovated lobby and a new motor court adjacent to Akard Street. In preparing this agreement, Dallas Petroleum Club was represented by Jeff and John Ellerman, and Hunt was represented by Peter Yates, Ryan McManigal, and Chris Selbo with OliveMill Holdings. About Hunt Consolidated Hunt Consolidated, Inc. is a diversified holding company directed by the Ray L. Hunt family, with its major subsidiaries engaged in oil and gas exploration and production, real estate development, refining, LNG, power, ranching, and private equity investments. About The Dallas Petroleum Club The Dallas Petroleum Club, founded in 1934, was the first of its kind in the world. It began a few short years after the discovery of the giant East Texas Oil Field and was formed by a group of visionary men who wanted a place where business and social life would come together. Beginning with less than 50 members, the Club has over 1300 members today. The Club is a living symbol of the events that reflect both the petroleum industry and the City of Dallas. The Club has been awarded the "Emerald Club and Distinguished Clubs" recognition from BOARDROOM magazine and the "Hallmark of Excellence" from Forbes Travel Guide. Additionally, the Club has achieved "Platinum Clubs of the World" status from Club Leaders Forum for 25 consecutive years, including 2022-2023.

Read More

CHEMICAL MANAGEMENT

Terrestrial Energy Joins Fuel Cell and Hydrogen Energy Association

Terrestrial Energy Inc. | April 27, 2022

Terrestrial Energy USA, a leading developer of Generation IV fission technology, has joined the Fuel Cell and Hydrogen Energy Association, the national industry association for the fast growing fuel cell and hydrogen sectors. FCHEA and Terrestrial Energy agree that hydrogen has great potential as a clean energy source for industrial and other uses that can help decarbonize our economy. Based in Washington, FCHEA represents some 80 companies and organizations in the hydrogen and fuel cell sector advancing innovative, clean, safe, and reliable energy technologies. There is increased focus on using hydrogen as a replacement for fossil fuels in industrial applications, such as producing low-carbon steel, cement, or ammonia for fertilizer or fuels. Using carbon-free energy sources such as nuclear and renewables to produce green hydrogen can significantly reduce emissions in sectors beyond power generation. “As the landscape of low- and zero-carbon hydrogen production and utilization continues to expand in the U.S. and around the world, the Fuel Cell and Hydrogen Energy Association is growing as well, welcoming innovative new members such as Terrestrial Energy. We are excited to work with the team at Terrestrial Energy to ensure clean hydrogen produced from nuclear has a role in the nation’s decarbonization efforts.” Frank Wolak, FCHEA President and CEO Terrestrial Energy is developing a Generation IV nuclear cogeneration plant that generates the necessary high-temperature thermal power for a wide range of industrial applications, including green hydrogen production, as well as generating electricity. Its Integral Molten Salt Reactor (IMSR) uses demonstrated proven fission technology in an innovative small modular reactor (SMR) plant design to produce sustainable, carbon-free energy that is a cost-competitive alternative to burning fossil fuels. “The transformative commercial value of Generation IV fission technology is captured by our IMSR cogeneration plant, which produces price-stable, carbon-free thermal energy for green hydrogen generation at industrial scale. We look forward to working with FCHEA and their membership to advance innovative, clean energy solutions helping build a sustainable, prosperous future. Green hydrogen has tremendous potential for replacing fossil fuels in difficult-to-decarbonize sectors, and Generation IV SMRs uniquely offer a reliable, economical way to produce it at the immense scale needed,” said Simon Irish, CEO of Terrestrial Energy. About Terrestrial Energy Terrestrial Energy is developing for near-term commercial operation a zero-emissions cogeneration plant for global industry using proprietary Integral Molten Salt Reactor (IMSR) fission technology in an innovative, small modular plant design. The IMSR uses proven and demonstrated Generation IV nuclear technology in an innovative plant design that supplies thermal energy at high-temperature for electricity and use in a wide range of industrial process heat applications. Its electricity is generated at nearly a 50 percent efficiency improvement compared to Light Water Reactor nuclear plants. The IMSR plant’s cogeneration capabilities delivers a cost-competitive, zero-emissions alternative to burning fossil fuels and energy security to many energy-intensive industries, including petrochemical and chemical synthesis for hydrogen and ammonia production. IMSR plants’ use of existing industrial materials, components and fuels supports its near-term deployment with first commercial plants operating by 2031, setting the stage for rapid global decarbonization by displacing fossil fuel combustion across a broad spectrum.

Read More

Spotlight

Some plastics are designed to be used once or for a short period of time. Many of these plastics help improves our health and safety while lowering environmental impacts. People rely on plastic products and packaging to improve our quality of life in several ways. Plastics enhance health and wellness; improve access to safe, nutritious foods; and reduce environmental impacts. For example, we rely on sterile plastics to help safely administer medicines and lifesaving medical treatments, while preventing the spread of infection and disease. Plastics also help keep food fresher longer, helping to prevent waste, food poisoning, and illness.

Resources