Friday, July 10, 2020

Manufacturing News

BP to Sell Petrochemicals Business to Ineos for $5B

Image Credit: BP

British oil major BP will sell its global petrochemicals business to Ineos for $5 billion, a transaction delivering BP's divestments target a year earlier than originally scheduled.Brian Gilvary, BP’s chief financial officer, said: “With today’s announcement we have met our $15 billion target for agreed divestments a full year ahead of schedule, demonstrating the range and quality of options available to us.”Ineos will pay BP a deposit of $400 million and will pay a further $3.6 billion on completion.

Construction Starts for Asia's Largest Offshore Wind Blade Manufacturing Facility

Image Credit: MHI Vestas

Taiwanese company Tien Li Offshore Wind Technology has started construction on 210,000 square meter facility in Taichung Harbour to supply offshore wind blades to Taiwan's growing offshore wind industry.Tien Li is one of key local supply chain partners of wind turbine builder MHI Vestas, which this week shared the news on the start of construction of Tian Li's black manufacturing facility.Both production and storage facilities are being developed for the mass manufacture of blades to be installed at offshore projects in Taiwan and eventually…

Philippines: Shell's Hydrogen Project Resumes as Covid-19 Restrictions Eased

(File photo; Shell)

Pilipinas Shell Petroleum Corp said on Wednesday it has resumed construction of an integrated hydrogen manufacturing facility at its Tabangao refinery in the Philippines, after being hampered by the coronavirus lockdown.Restrictions on movement have been eased in Philippine provinces and cities with low coronavirus cases to help restore business activity in the Southeast Asian economy.The local unit of Shell had planned to complete the project this year in partnership with Air Liquide Philippines Inc."We intend to complete the project promptly," a company spokesperson told Reuters.

Offshore Wind Will Bring Jobs, Growth to New Jersey, Other Coastal States

NOIA President Erik Milito issued the following statement after New Jersey Governor Phil Murphy announced the creation of the nation's first purpose-built marshalling and manufacturing port dedicated to the offshore wind industry:"New Jersey is making a smart move by betting on offshore wind. A thriving and innovative American offshore wind sector is close, but we need to invest in improved ports and infrastructure to make it a reality. Expanded port and manufacturing facilities up and down the East Coast will bolster the construction bandwidth for offshore wind…

The Emerging U.S. Offshore Wind Industry in a Post-COVID-19 World

Join a webinar on June 17, 2020 for the global release of a major new market study on the depth, breadth and growth prospects of the Offshore Wind Market -- https://zoom.us/webinar/register/WN_UR5uY1boTOKdAAcAXDbR4g
© zozulinskyi/AdobeStock

Join a webinar on June 17, 2020 for the global release of a major new market study on the depth, breadth and growth prospects of the Offshore Wind Market --  https://zoom.us/webinar/register/WN_UR5uY1boTOKdAAcAXDbR4gJust when it was looking like the offshore wind industry was finally about to take off in the United States, the COVID-19 pandemic has introduced one more significant layer of uncertainty upon an already very complicated playing field. There are currently 15 active offshore wind projects in the planning stages which…

Siemens Gamesa Confirms Fécamp Wind Turbine Deal

Offshore wind nacelles and blades will be manufactured at Siemens Gamesa's offshore wind turbine manufacturing plant in Le Havre, France - Credit: SGRE

After EDF Renewables, Enbridge, and wpd on Tuesday announced the sanctioning of the $2,2 billion Fécamp offshore wind project in France, Siemens Gamesa has confirmed it has received the firm order for the supply of wind turbines for the project.The offshore wind turbine maker will deliver 71 SWT-7.0-154 offshore wind turbines each with capacity of 7 MW. Siemens Gamesa has also secured a 15-year maintenance contract for the 497 MW project located in Normandy.The turbines will be manufactured in the wind turbine plant Siemens Gamesa is to build in Le Havre…

Oil Prices Rise Ahead of OPEC+ Meeting on Further Output Cuts

Image by namning / AdobeStock

Oil prices rose on Tuesday, with traders waiting to see whether major producers agree to extend their huge output cuts to shore up prices at a virtual meeting expected later this week.Brent crude futures rose 0.91%, or 35 cents, to $38.67 a barrel as of 0427 GMT.West Texas Intermediate (WTI) crude futures rose 0.56%, or 20 cents, to $35.64 a barrel.Brent has doubled over the past six weeks, thanks to supply cuts by the Organization of the Petroleum Exporting Countries and allies, including Russia…

Largest Wind Turbines for U.S. Largest Offshore Wind Project

Image Credit: SGRE

Siemens Gamesa Renewable Energy's new wind turbines with up to 15MW capacity have been earmarked for an offshore wind project in the U.S.First, the company on Tuesday morning said it was planning to the giant SG 14-222 DD offshore Direct Drive wind turbines at the 300 MW Hai Long 2 project in Taiwan.Later on the same day, SGRE said the same type of turbine - launched just last week - would conditinally be supplied to the massive 2,640-MW Dominion Energy Coastal Virginia Offshore Wind (CVOW) commercial project.

Vattenfall Taps NGI for Kriegers Flak Wind Farm Monitoring

Van Oord's Svanen heavy-lift vessel - Credit: Van Oord

Swedish wind farm development company Vattenfall has hired Norwegian Geotechnical Institute (NGI) to provide monitoring services for the Kriegers Flak offshore wind farm being built in the Baltic Sea, offshore Denmark.NGI will provide design, production, and installation of instrumentation for two offshore wind turbines, monitoring the Mono Pile (MP) foundation and Transition Piece (TP). "The instrumentation system supplied by NGI will provide data to fully monitor the structures during operation after installation. The recorded data will be transmitted to shore at given intervals for further analysis.

Denmark's Vestas Breaks Wind Turbine Installation Record, Woodmac Says

Image Credit: Vestas

Danish wind farm turbine builder Vestas became the first wind turbine manufacturer to install more than 10 GW of wind capacity in a single year (2019), according to new analysis from Wood Mackenzie.The Danish OEM’s grid-connected capacity of 11.3 GW in 2019 is an increase of 1.5 GW on 2018, with installations completed in over 35 markets. The company’s installations in the Americas region contributed more than 50% of capacity for the first time. This was driven by the US, Mexico, and Argentina.Siemens Gamesa Renewable Energy (SGRE) climbed to the second position according to Wood Mackenzie’s research…

Subsea Umbilicals Demand Hit by COVID-19

Illustration only: Credit: TechnipFMC

Analysts from Norway's Rystad Energy expect that the global oil and gas investment cuts will severely hit demand for subsea equipment, with demand for subsea umbilicals expected to fall by 32%.Rystad sees just 713 kilometers (km) of lines ordered in 2020, down from 1,041 km last year."Umbilical demand will not match or exceed 2019 levels until after 2023, our forecasts show, despite definite cost savings in materials. To put these numbers into context, before the pandemic demand for umbilicals was due to slightly decrease this year compared to 2019…

Virus Lockdowns Pummel Global Gas Demand, Force LNG Output Cuts

Illustration; An LNG Carrier - Image by vladsv/AdobeStock

Lockdowns to slow the coronavirus pandemic are pummelling gas demand in the world's biggest buyers of liquefied natural gas (LNG), pushing Asia's spot prices to record lows and forcing some suppliers to start cutting output. Economies worldwide have ground to a halt as virus containment measures have taken their toll, slashing gas demand for power generation, heating, cooking, vehicles and chemical manufacture. The world's biggest LNG markets - Japan, China, South Korea, and India - are all seeing a drop in demand.

MHI Vestas Sourcing Blade Components from Local Taiwan Suppliers

Offshore wind turbine specialist MHI Vestas which has recently awarded contracts to supply wind turbines for offshore wind projects in Taiwan, has signed a deal with Swancor to source wind turbine blade materials locally in Taiwan."In another step forward for MHI Vestas’ industry-leading localization plans in Taiwan, the company has confirmed a purchase agreement with Swancor to source several key blade manufacturing components locally. This contract strengthens Swancor’s presence in the offshore wind sector…

Linde, Hyosung to Build World’s Largest Liquid Hydrogen Plant in S. Korea

South Korea's Hyosung and the global industrial gases provider Linde Group will invest in the construction of a liquid hydrogen plant on an area of about 30,000 square meters within the site of Hyosung Yongyeon plant in Ulsan.Its annual capacity of production will be 13,000 tons of liquid hydrogen, which is enough to fuel 100,000 sedans. According to Hyosung, the plant will be the world’s single largest liquid hydrogen manufacturing facility. The two companies will form a joint venture this year…

GFS Storage Tanks Aid Green Energy Growth

Balmoral Tanks’ 150,000sqft design and manufacturing facility in South Yorkshire, UK, where the new range of tanks will be produced.

Balmoral Tanks introduced a new range of glass fused to steel (GFS) liquid storage tanks, part of the company’s portfolio of storage tanks for the water, wastewater, anaerobic digestion and processing markets.The development follows a $20m+ investment in manufacturing facilities at its South Yorkshire facility.“International markets require technology which allows their economy to thrive while being mindful of the impact on the environment,” said Allan Joyce, MD at Balmoral Tanks. “Against this background…

MHI Vestas Eyes Further Asia Pacific Growth. Appoints Regional Manager

Masato Yamada - Image Credit: MHI Vestas

Offshore wind turbine specialist MHI Vestas has appointed Masato Yamada as Regional Manager Asia Pacific to facilitate broader growth across the region.The company, a joint venture between Denmark's Vestas and Japan's Mitsubishi Heavy Industries, said Wednesday Yamada would oversee the company’s growth across the Asia Pacific region. He was formerly the company’s Chief Strategy Officer based in Aarhus, Denmark, and will now be based in MHI Vestas’ Tokyo office."Mr. Yamada has been with MHI Vestas since the formation of the joint venture between the two parent companies (Mitsubishi Heavy Industries and Vestas)…

CNOOC to Trim 2020 Spending by Up To 15%

(File photo: CNOOC)

China National Offshore Oil Corp (CNOOC) will trim annual investment by 10% to 15% in 2020, while maintaining its goal of increasing domestic crude oil and natural gas production for the year, the company said in a statement on Wednesday.CNOOC Ltd, a listed arm of the national offshore energy producer, said during a media briefing in late March the firm will "significantly" cut capital expenditure.Oil and gas companies worldwide are reducing spending this year following a collapse in oil prices…

COVID-19 Oil Demand Hit Renders OPEC+, Trump Actions Irrelevant

Imagine for a moment that the Organization of the Petroleum Exporting Countries (OPEC) and Russia had agreed at the start of this month to extend and deepen their crude oil output cuts. It wouldn't have made the blindest bit of difference.While it was only three and half weeks ago, though it feels as long as a lifetime, the collapse of the deal between OPEC and allies, including Russia, to limit output is no longer relevant in a world devastated by coronavirus.If OPEC and its allies, known as OPEC+…

Offshore Wind to Hydrogen Project Progresses

Image: Ørsted

The next phase of Gigastack, a renewable hydrogen project, has secured GBP 7.5 million funding as part of the UK’s Department for Business, Energy and Industrial Strategy (BEIS) Hydrogen Supply Competition.The Gigastack project, led by ITM Power, Ørsted, Phillips 66 Limited and Element Energy, will show how renewable hydrogen derived from offshore wind can support the UK's 2050 net-zero greenhouse gas emission target. Producing hydrogen has traditionally been associated with high carbon emissions, but by using renewable electricity, e.g.

Hempel Taps Lindström as COO

Katarina Lindström (Photo: Hempel)

Katarina Lindström will join Hempel as Executive Vice President & Chief Operating Officer from August 1, 2020 as the coatings manufacturer aims to double in size.As Executive Vice President & Chief Operating Officer (COO), Katarina Lindström will be a member of Hempel’s Executive Management Board.As part of its long-term growth strategy, Hempel is making significant investments in innovation and sustainability, while strengthening its supply chain and manufacturing footprint, particularly in Asia-Pacific.