The Catalyst Review July 2019 - 3

COMMERCIAL NEWS
BP Invests $30m in
Breakthrough Technology to
Produce Animal Feeds from
Natural Gas...
BP Ventures has made an investment of
$30 million in Calysta, Inc., an alternative
protein producer, that will use BP's natural
gas to produce protein for fish, livestock
and pet feeds. The investment supports
BP's strategy of creating new markets
in which gas can play a material role in
delivering a more sustainable future
and establishing a strategic relationship
between BP and California-based startup Calysta around gas and power supply.
Calysta's proprietary gas fermentation
technology produces FeedKind® protein,
a sustainable feedstock that can be used
for fish, livestock and pet nutritional
products. During the FeedKind process, a
naturally occurring bacteria is grown in a
proprietary fermenter using methane as
its carbon and energy source. This creates
a single cell protein that is harvested and
dried prior to being pelletised. Source: BP,
6/27/2019.
Saudi Aramco Signs 12
Agreements with South
Korean Partners Worth
Billions of Dollars...
Saudi Aramco and its affiliates signed 12
agreements with major South Korean
companies to reinforce relationships
with South Korea, expand international
operations, and support the region's
energy security with the expansion
of Arabian crude oil supply to Asian
markets. The agreements are part of
Saudi Aramco's long-term downstream
growth and diversification strategy,
which were signed with the following
South Korean companies: Hyundai Heavy
Industries (HHI), Hyundai Oilbank, The
Hyundai Motor Group, Korea National Oil
Corporation, Hyosung, GS Holdings, and
Daelim Industrial. Source: Saudi Aramco,
6/26/2019.

Saudi Aramco Advances Global Chemicals Strategy with S-Oil
Expansion Project in Ulsan, South Korea...
Saudi Aramco is advancing its global chemicals growth strategy with inauguration
of S-Oil's new Residue Upgrading Complex and Olefin Downstream Complex. The
new facilities feature the latest refinery technologies, which have raised S-Oil's
petrochemical portion from 8% to 13% and includes high-value products such as
propylene and gasoline. The inauguration also included the signing of a Memorandum
of Understanding between the two companies to collaborate on a US$6 billion Steam
Cracker & Olefin Downstream Project which is expected to be completed by 2024. The
new world class steam cracker will produce ethylene and other basic chemicals out of
naphtha and refinery off-gas. This new agreement will further include the deployment
of Saudi Aramco's Thermal Crude-to-Chemicals Technology, shifting S-OIL's focus from
"oil to chemicals" to better position the company in the future energy market. Source:
Saudi Aramco, 6/26/2019.
Advanced Petchem, SK Gas to Build $1.8bn PDH, PP Complex in
Saudi Arabia...
Advanced Petrochemical and South Korean SK Gas Co will develop a $1.8bn or Saudi
riyal (SR) 6.75bn propane dehydrogenation (PDH) and polypropylene (PP) complex
in Jubail, Saudi Arabia. The project, to be built at the Jubail industry city, will have "a
capacity to produce propylene and PP of 750,000 ton[ne]s each per annum", Advanced
Petrochemical said in a filing to the Saudi Stock Exchange. In a separate announcement,
the company said it has received propane feedstock allocation from Saudi Arabia's
Ministry of Energy, Industry and Mineral Resources for the project, which is expected to
start up in the second half of 2024. The overall project, as per the allocation letter from
the ministry, also includes the proposal to set up a 100,000 tonne/year PP compounding
unit "to cater for the requirements of the potential automotive industry" in Saudi
Arabia, Advanced Petrochemical said. A portion of the propylene output from the PDH
unit will also be utilized to set up a 70,000 tonne/year isopropanol (IPA) unit, it said. In a
third announcement on the Saudi bourse, the company said that it also signed an MOU
with SK Gas to conduct a feasibility study on a cracker project in Saudi Arabia. Source:
ICIS Chemical Business, 6/26/2019.
CPChem Bidding $15 Billion for Nova Chemicals...
Reuters reports that Chevron Phillips has bid more than $15 billion including debt to
acquire Nova Chemicals. The combination would make CPChem North America's largest
producer of ethylene and solidify its position as a leading producer of polyethylene,
according to data from IHS Markit. Source: Chemical Week, 6/21/2019.
INEOS Styrolution Collaborates with Unternehmensgruppe Theo
Müller to Develop Chemical Recycling Solution for Polystyrene...
INEOS Styrolution, the global leader in styrenics, has agreed with Unternehmensgruppe
Theo Müller, a recognised leader in dairy products, to collaborate on developing
a circular solution for polystyrene based on chemical recycling. The joint project
between INEOS Styrolution and Unternehmensgruppe Theo Müller focuses on the use
of polystyrene that is recycled via depolymerisation, a process that converts postconsumer polystyrene waste back to its monomers. The advantage of this process is
the generation of high-quality virgin polystyrene ultimately for food-related use. INEOS
Styrolution and Unternehmensgruppe Theo Müller have agreed on a phased approach
with a lab-scale phase to start this year, a pilot-scale phase starting in 2020 and a
commercial-scale phase in 2022. Source: INEOS Styrolution, 7/3/2019.

The Catalyst Review 										

	

July 2019

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The Catalyst Review July 2019

Table of Contents for the Digital Edition of The Catalyst Review July 2019

The Catalyst Review July 2019 - cover
The Catalyst Review July 2019 - contents
The Catalyst Review July 2019 - 1
The Catalyst Review July 2019 - 2
The Catalyst Review July 2019 - 3
The Catalyst Review July 2019 - 4
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