Page 13 - AsianOil Week 19 2022

AsianOil NEWS IN BRIEF AsianOil

Technology (Beijing), has entered into a three-
year service agreement with one domestic
oilfield client to provide a complete-set of
solutions for oily wastewater treatments.
According to the actual production capacity of
the client and the settlement terms set in the
agreement, the contract amount is expected to
be CNY3.5mn per year.
According to the agreement, Recon
will be required to provide the client with
oily wastewater treatment facilities and the
corresponding chemicals designed and
prepared by Recon to ensure that the effluent
from the oilfield treatment stations can be re-
injected after satisfactory disposal subject to
tbtu in FY 2021-22, as against the throughput Port Authority of Singapore (MPA) to the applicable state laws and regulations.
of 896 tbtu in FY 2020-21. consortium, and the receipt of approval in RECON TECHNOLOGY, May 11, 2022
The company has reported PBT of INR984 principle (AiP) from ABS for the design of an
crore in the current quarter, as against ammonia bunkering vessel. LONGi Hydrogen wins in
INR1,533 crore in the previous quarter During the Singapore Maritime Week on
and INR856 crore in the corresponding April 6, a memorandum of understanding the world’s largest green
quarter. The PAT of the current quarter (MoU) was signed by the Consortium with
was reported at INR750 crore as against “K” LINE and MPA to develop the ammonia hydrogen project
the PAT of the previous and corresponding bunkering ecosystem at the Port of Singapore,
quarters of INR1,144 crore and INR623 crore the largest bunkering port in the world. Only one year after its establishment,
respectively. This follows a feasibility study jointly LONGi Hydrogen wins in the Sinopec Green
The company has reported highest ever launched by the consortium in March 2021 Hydrogen Demonstration Project, to supply
PBT and PAT during FY 2021-22. PBT stood to develop an ammonia bunker supply chain world leading large scale ALK electrolysis
at INR4,474 crore in FY 2021-22 as against in Singapore. In the past year, the consortium equipment. The project is China’s first >10,000
PBT of INR3,968 crore in FY 2020-21. PAT identified potential ammonia supply sources tonne green hydrogen project and the world’s
was INR3,352 crore during FY 2021-22 as and indicative costs, as well as undertook largest green hydrogen project so far.
against PAT of INR2,949 crore in FY 2020-21. the preliminary design and cost estimation With a total investment up to CNY3bn,
The company was able to achieve robust for critical infrastructure, such as ammonia this project will build a new 300-MW
financial results owing to efficient commercial storage tanks and bunkering vessels, leading photovoltaic power plant and an electrolytic
management in spite of high and volatile spot to the AiP from ABS for the bunker vessel water hydrogen production plant to
gas prices during the year. design. generation 618 million kWh green electricity
Considering the robust performance, With the addition of “K” LINE and MPA and 20,000 tonnes green hydrogen per year.
the board of directors of the company has as new members, the parties will build on The project is anticipated to be completed
approved final dividend of INR4.50 per share. the current findings and begin development and put into operation in June 2023, which
PETRONET LNG, May 12, 2022 works to establish an integrated supply will reduce 485,000 tonnes of CO2 emission
chain, with the goal to commence ammonia per year to help the China Oil & Gas industry
bunkering by 2030. to achieve the emissions and decarbonise
SOUTHEAST ASIA The parties will continue to seek target.
cooperation with various stakeholders of the LONGI HYDROGEN, May 12, 2022
Acceleration of study on maritime industry and relevant Singaporean Kyushu Electric Power
ministries and agencies to realize the world’s
establishing ammonia first ammonia fuel supply chain. launched a new subsidiary
“K” LINE, May 13, 2022
supply chain for bunkering for LNG trading

in Singapore and receipt EAST ASIA Toward realisation of carbon-neutral society,
of approval in principle for Recon announces three- the demand for LNG as a transition energy
is expected to increase globally in various
ammonia bunkering vessel year oily wastewater industrial areas including bunkering and fuel
conversion.
The consortium, consisting of AP Moller- treatment service In response to such demand growth,
Maersk, Fleet Management, Keppel Offshore Kyushu Electric Power hereby announces that
& Marine, Maersk Mc-Kinney Moller Center agreement it has launched a new subsidiary dedicated
for Zero Carbon Shipping, Sumitomo and to supply to emerging demand, aiming at
American Bureau of Shipping (ABS), is Recon Technology today announced that contribution to materializing low-carbon
pleased to announce the addition of Kawasaki the mainland China variable interest entity society by way of LNG supply.
Kisen Kaisha (“K” LINE) and Maritime and with whom its subsidiary, Recon Hengda KYUSHU ELECTRIC POWER, May 11, 2022

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