Page 7 - AsianOil Week 31 2022

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McDermott, KBR sign ammonia

licensing agreement

PROJECTS & ENERGY services specialist McDermott Inter- value to our clients as they scale and accelerate
COMPANIES national announced the signing of a deal this their energy transition initiatives.”
week that will see it provide “integrated solu- The two companies will work together to eval-
tions” for fellow services firm KBR’s proprietary uate opportunities to deliver modular “execution
ammonia technologies. concepts” for green and blue ammonia projects.
The two US companies will target the growing Significant investments are being made in
ammonia market by combining KBR’s technology ammonia projects around the world as pro-
with McDermott’s “global execution capabilities ducers and developers covet its properties as a
and fabrication and modularisation expertise.” hydrogen carrier for transportation.
In a statement accompanying the announce- Given the nascent nature of the sector,
ment, Tareq Kawash, McDermott’s senior vice other options are also being considered, with,
president for onshore, said: “This agreement ena- for example, the Abu Dhabi National Oil Co.
bles us to offer customers an integrated approach (ADNOC) signing up to a joint study with
for low-carbon ammonia projects by combining Japan’s Mitsui and its biggest refiner ENEOS
KBR’s best-in-class ammonia technology with for the development of a 200,000 tonne per year
our global project delivery know-how, low-car- (tpy) blue hydrogen supply chain connecting the
bon execution approach and leadership in two countries, leveraging methylcyclohexane
ammonia storage solutions.” (MCH) as a carrier.
He added: “This technology partnership is Meanwhile, in March last year, a deal was
an important addition to our growing energy agreed that would see South Korea’s Hyundai
transition portfolio and strengthens our con- Oilbank import LPG from Saudi Aramco, which
cept-to-completion capabilities.” would be converted to hydrogen for use in des-
Meanwhile, KBR’s senior vice president for ulphurisation facilities and for fuelling vehicles.
global sales, Aman Ahmad, said: “This agree- The Korean company will capture the emitted
ment will enable KBR and McDermott to lever- CO2 and re-export it back to Aramco for use in
age each other’s strengths to deliver exceptional enhanced oil recovery (EOR).™

SOUTHEAST ASIA

Petronas partners with South Korean

firms on CCS opportunities

ENERGY MALAYSIA’S Petronas said on August 2 that it hub,” stated Petronas’ head of carbon manage-
TRANSITION had signed a memorandum of understanding ment, Emry Hisham.
(MoU) with six South Korean companies that Indeed, the announcement is the latest in a
will see them collaborate on carbon dioxide series made by Petronas in recent months as it
(CO2) capture, transport and storage. works towards the establishment of a CCS hub.
The six companies are Samsung Engineering, These efforts are still in their early stages, involv-
Samsung Heavy Industries, SK Earthon, SK Energy, ing agreements that still need to be finalised.
GS Energy and Lotte Chemical. The companies However, since the start of the year, Petronas has
have agreed to collaborate on conceptual and feasi- partnered with companies including Shell, Japan
bility studies towards establishing a full value chain Petroleum Exploration (JAPEX) and Mitsui &
related to carbon capture and storage (CCS). Co. to study CCS opportunities in Malaysia. It
Under the MoU, they will also evaluate potential has also signed an MoU with Mitsui OSK Lines
CO2 storage sites in Malaysia as well as exploring (MOL) to jointly explore opportunities for lique-
other areas across the CCS value chain. According fied CO2 transportation across the broader CCS
to the company’s announcement, that includes the value chain across Asia-Pacific and Oceania.
strengthening of cross-border CO2 transportation. Petronas is targeting net-zero carbon emis-
“The feasibility studies undertaken through sions by 2050 and CCS forms a significant part of
this collaboration will identify suitable technolo- its strategy for attaining that goal. It is also aim-
gies for the CCS and transportation value chain, ing to preserve and restore the capacity of eco-
bringing Petronas closer towards establishing systems to act as forest-based carbon sinks for
Malaysia as a leading regional CCS solutions CO2 sequestration, according to its website.™

Week 31 05•August•2022 www. NEWSBASE .com P7