Tokyo-based INPEX Corporation (TSE: 1605) (“INPEX”), Paris-based
Air Liquide Group (“Air Liquide”), Oklahoma City-based LSB
Industries, Inc. (NYSE: LXU) (“LSB”), and Houston-based Vopak Moda
Houston LLC (“Vopak Moda”) have agreed to collaborate on the
pre-FEED for the development of a large-scale, low-carbon ammonia
production and export project on the Houston Ship Channel. If the
development proceeds, the project’s first phase is targeted to
produce more than 1.1 million tonnes per annum (MTPA) of low-carbon
ammonia by the end of 2027, with options for future expansions.
This press release features multimedia. View
the full release here:
https://www.businesswire.com/news/home/20231002752346/en/
The parties completed a feasibility study on the project earlier
this year and the preferred facility’s location on the Houston Ship
Channel, the second largest petrochemical corridor in the world,
leverages existing infrastructure assets. Vopak Moda has invested
in storage and handling infrastructure for bulk liquid products and
currently operates an ammonia terminal that includes storage tanks
and a newbuild dock with multiple deep-water berths. The project
also has access to utilities and would be near multiple pipelines
that could supply raw materials like natural gas and water.
The project partners will bring complementary expertise to the
production, operation, storage and export for the advancement of
low-carbon ammonia production in the US:
- Air Liquide and INPEX would collaborate on low-carbon hydrogen
production. Air Liquide would supply its AutoThermal Reforming
(ATR) technology, an ideal solution for large-scale hydrogen
production projects, combined with its proprietary carbon capture
technology. The combination of ATR technology with carbon capture
aims to capture at least 95% of direct CO2 emissions from hydrogen
production with at least 1.6 MTPA CO2 captured and permanently
sequestered from this project. Air Liquide would be responsible for
onsite nitrogen and oxygen production, using its proprietary Air
Separation Unit (ASU) technology.
- LSB and INPEX would collaborate on low-carbon ammonia
production. LSB would lead the selection of the ammonia loop
technology provider, the pre-FEED, and the engineering, procurement
and construction of the facility. LSB would also be responsible for
the day-to-day operation of the ammonia loop.
- INPEX and LSB would sell the low-carbon ammonia and finalize
off-take agreements with the numerous parties that have expressed
interest and could also further partner in the project. The
majority of the product would be used for power generation in Asia
with some volumes going to Europe and the US. INPEX, with stakes in
both hydrogen and ammonia production, will likely be the largest
investor in the overall project across the entire value chain, from
production to export.
- Vopak Moda currently operates ammonia storage and handling
infrastructure from its Very Large Gas Carriers (VLGC)-capable
deepwater berth which is located in the deepest part of the Houston
Ship Channel. Vopak Moda will maintain its ownership of the
existing infrastructure and plans to build additional storage
capacity as required to handle the low-carbon ammonia production of
the proposed new facility.
INPEX Representative Director, President & CEO Takayuki Ueda
said, “As we approach the achievement of our net zero target by
2050, the unveiling of our low carbon ammonia project in Texas,
USA, stands as a momentous testament to INPEX's strong commitment
to environmental leadership. This innovative endeavor marks a
significant milestone to create a clean fuel supply chain for a
sustainable future. By harnessing the power of cutting-edge
technologies and collaborative partnerships with Air Liquide, LSB
and Vopak Moda, we are accelerating the transition to a low-carbon
world, while solidifying our position as a pioneer in energy
transformation and a responsible global energy player.”
“This project is well aligned with our strategy to become a
leader in the global energy transition through the production of
low-carbon ammonia,” stated Mark Behrman, LSB Industries President
and CEO. “As a long-standing, highly experienced nitrogen producer
and developer of nitrogen production facilities, we are uniquely
positioned to play a key role in a critical element of this project
by overseeing the design, construction and operation of the ammonia
loop. We are excited to be part of this consortium, comprised of
best-in-class energy-related companies, and look forward to working
with them as we make the vision of this world scale clean ammonia
facility a reality.”
Maria Ciliberti, Vopak President US and Canada, and Moda
Midstream Co-Founder and CEO Jonathan Ackerman released a joint
statement about the project: “The worldwide movement to decarbonize
industry and transportation will drive strong global demand for
low-carbon ammonia. Vopak Moda has invested in our talented,
experienced workforce and state-of-the-art storage and marine
infrastructure to be a leader in the emerging low-carbon ammonia
export market. We believe the unbeatable combination of project
expertise, technology, off-taker relationships and market
credibility position Vopak Moda, Air Liquide, INPEX and LSB to be
first movers for a new wave of low-carbon energy exports.”
Adam Peters, CEO of Air Liquide North America, said: “Air
Liquide is committed to working with its customers and industry
partners to provide innovative and sustainable technology solutions
to decarbonize traditional industrial processes, like ammonia
production. We are proud to contribute our hydrogen production
expertise and portfolio of sustainable technologies in order to
produce low-carbon hydrogen to support decarbonization of
industrial markets. Together with our customers, we can reduce
carbon emissions in industrial basins and advance toward a more
sustainable future.”
About INPEX Corporation
INPEX CORPORATION is Japan’s largest exploration and production
(E&P) company, and is currently involved in projects across
multiple continents, including the Ichthys LNG Project in Australia
as Operator. By thoroughly making its oil and gas business cleaner
while expanding its 5 net zero business areas, INPEX aims to
provide a stable supply of diverse and clean energy sources
including oil, natural gas, hydrogen/ammonia and renewables as a
pioneer in energy transformation. For more information, visit
https://www.inpex.co.jp/english/index.html.
About Air Liquide Group
A world leader in gases, technologies and services for Industry
and Health, Air Liquide is present in 73 countries with
approximately 67,100 employees and serves more than 3.9 million
customers and patients. Oxygen, nitrogen and hydrogen are essential
small molecules for life, matter and energy. They embody Air
Liquide’s scientific territory and have been at the core of the
company’s activities since its creation in 1902. Taking action
today while preparing for the future is at the heart of Air
Liquide’s strategy. With ADVANCE, its strategic plan for 2025, the
Group develops solutions contributing to climate and the energy
transition—particularly with hydrogen—and takes action to progress
in areas of healthcare, digital and high technologies.
About LSB Industries, Inc.
LSB Industries, Inc., headquartered in Oklahoma City, Oklahoma,
is committed to playing a leadership role in the energy transition
through the production of low and no carbon products that build,
feed and power the world. The LSB team is dedicated to building a
culture of excellence in customer experiences as we currently
deliver essential products across the agricultural, industrial, and
mining end markets and, in the future, the energy markets. The
company manufactures ammonia and ammonia-related products at
facilities in Cherokee, Alabama, El Dorado, Arkansas and Pryor,
Oklahoma and operates a facility for a global chemical company in
Baytown, Texas. Additional information about LSB can be found on
our website at www.lsbindustries.com.
About Vopak Moda Houston LLC
Strategically located in Houston’s refining and petrochemical
corridor and in close proximity to multiple third-party ammonia,
hydrogen and nitrogen pipelines, the Vopak Moda terminal is the
first greenfield terminal in the Port of Houston in more than a
decade. Vopak Moda is the only existing waterborne ammonia
terminal. The state-of-the-art facility is designed to berth VLGCs,
as well as smaller vessels and barges. Vopak Moda is connected via
pipeline to the Port of Houston petrochemical complex, the nation’s
largest and world’s second-largest petrochemical complex. Jointly
owned, developed, and operated by Royal Vopak and Moda Midstream,
the facility combines the strengths of Vopak's global network and
experience with Moda's successful track record of developing and
operating premier independent logistics infrastructure. Vopak Moda
is well positioned to become the premier hydrogen and low-carbon
ammonia terminaling hub on the U.S. Gulf Coast.
Forward-Looking Statements
Statements in this release that are not historical are
forward-looking statements within the meaning of the U.S. Private
Securities Litigation Reform Act of 1995. These forward-looking
statements, which are subject to known and unknown risks,
uncertainties and assumptions about us, may include projections of
our future financial performance and anticipated performance based
on our growth and other strategies and anticipated trends in our
business. These statements are only predictions based on our
current expectations and projections about future events. There are
important factors that could cause our actual results, level of
activity, performance or actual achievements to differ materially
from the results, level of activity, performance or anticipated
achievements expressed or implied by the forward-looking
statements. Significant risks and uncertainties may relate to, but
are not limited to, the ability to complete the development of the
low-carbon hydrogen and ammonia production project in a cost
effective manner or at all, business and market disruptions, market
conditions and price volatility for our products and feedstocks, as
well as global and regional economic downturns that adversely
affect the demand for our end-use products; disruptions in
production at our manufacturing facilities and other financial,
economic, competitive, environmental, political, legal and
regulatory factors. These and other risk factors are discussed in
the Company’s filings with the Securities and Exchange Commission
(SEC).
Moreover, we operate in a very competitive and rapidly changing
environment. New risks and uncertainties emerge from time to time,
and it is not possible for our management to predict all risks and
uncertainties, nor can management assess the impact of all factors
on our business or the extent to which any factor, or combination
of factors, may cause actual results to differ materially from
those contained in any forward-looking statements. Although we
believe the expectations reflected in the forward-looking
statements are reasonable, we cannot guarantee future results,
level of activity, performance or achievements. Neither we nor any
other person assumes responsibility for the accuracy or
completeness of any of these forward-looking statements. You should
not rely upon forward-looking statements as predictions of future
events. Unless otherwise required by applicable laws, we undertake
no obligation to update or revise any forward-looking statements,
whether because of new information or future developments.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20231002752346/en/
INPEX Yuko Mori, INPEX Tokyo Office Public Relations
Group Tel: +81-3-5572-0233 yuko.mori@inpex.co.jp
Air Liquide Marissa Olvera, Communications Manager
713-657-0624 marissa.olvera@airliquide.com
LSB Industries David Kimmel, Director of Communications
(405) 815-4645 dkimmel@lsbindustries.com
Fred Buonocore, CFA, Vice President of Investor Relations (405)
510-3550 fbuonocore@lsbindustries.com
Royal Vopak Liesbeth Lans, Global Manager External
Communications +31 653 212 996 global.communications@vopak.com
Moda Midstream Redbird Communications Bevo Beaven (720)
666-5064 bevo@redbirdpr.com
LSB Industries (NYSE:LXU)
Gráfica de Acción Histórica
De Abr 2024 a May 2024
LSB Industries (NYSE:LXU)
Gráfica de Acción Histórica
De May 2023 a May 2024