Propane News

Related Industrial Gases Industry News

• December 2022: Yingde Gases announced the completion of the purchase of a 100% share in Shanghai Nanhua Industrial Gas Company Ltd. Yingde Gases' first packaged gas purchase boosted the group's impact in industrial packaged gas and medical oxygen. The purchase is a step forward in the organization's strategic packaged-gas strategy, indicating the group's entry into the market of packaged gas.
• July 2022: Yingde Gases Group announced its collaboration agreement with China Hydrogen, through which the two companies will jointly invest in and establish green hydrogen and green ammonia facilities in Ordos, Inner Mongolia, which will be Yingde Gases' first green ammonia project.

• December 2022: Air Products announced that it had signed an agreement with Saudi Ground Services (SGS) to demonstrate Hydrogen for Mobility at Dammam Airport, Saudi Arabia. Saudi Ground Services provides a wide range of ground handling services throughout the entire network of airlines in Saudi Arabia, from passenger services and baggage handling to fleet solutions and cargo services.
• January 2022: Air Products completed the acquisition of Air Liquide's industrial merchant gases business in the United Arab Emirates, which includes liquid bulk, packaged gases, and specialty gases, and also acquired Air Liquide's majority share in Middle East Carbon Dioxide W.L.L. (MECD), for a liquid carbon dioxide production facility in Bahrain.

• February 2023: Linde announced a long-term arrangement with OCI to supply clean hydrogen and other industrial gases to the company's new world-scale blue ammonia factory in Beaumont, Texas. Linde will construct, own, and manage an on-site complex that will supply OCI's 1.1 million tons of blue ammonia production with clean hydrogen and nitrogen per year. Linde will provide clean hydrogen to OCI by sequestering more than 1.7 million tons of CO2 emissions yearly.
• February 2023: Air Products (a major gas separation and purification membrane producer) introduced its new product- PRISM InertPro Nitrogen Membrane System- at the Middle East Oil and Gas Show in Bahrain. The PRISM InertPro is a new nitrogen membrane system for the energy and oil and gas industry that is based on an innovative, flexible modular platform providing nitrogen systems exhibiting world-class efficiencies.

• July 2022: Maire Tecnimont SpA announced that NextChem was awarded a contract by Storengy to study waste wood and solid recovered fuel conversion plant to produce biomethane in France. NextChem is expected to be responsible for the engineering services and cost estimating for the syngas purification, methanation unit, and methane upgrading.
• June 2022: Shell PLC entered a decarbonization agreement with Tokyo Gas Co. and Osaka Gas Co. for the natural gas and carbon capture, utilization, and sequestration (CCUS) projects. By 2030, these Japanese companies could aim to replace 1% of the gas currently delivered with biomethane-based synthetic gas, or syngas.
• May 2022: Pertamina and Air Liquide Indonesia agreed to collaborate in developing carbon capture and utilization technology at the Balikpapan refinery processing unit. Within the framework of this joint study agreement, Pertamina and Air Liquide are expected to conduct a joint study on CO₂ syngas and Flue-Gas capture technology application from hydrogen production.

• March 2022: KBR and ExxonMobil Catalysts and Licensing LLC ("ExxonMobil") will collaborate to bring significant advancements to propane dehydrogenation (PDH) technology. Under the collaboration, ExxonMobil's new proprietary catalyst technology will be combined with KBR's proprietary K-PRO Propane Dehydrogenation (PDH) technology to convert propane into propylene.
• October 2021: Suburban Propane Partners LP announced the extension of its 2020 agreement with U-Haul to provide eco-friendly and renewable propane in California.

• In December 2022, Balfour Beatty signed a memorandum of understanding with Holtec Britain and Hyundai Engineering and Construction (HDEC) to develop small modular nuclear reactors in the United Kingdom.
• In October 2022, Balfour Beatty today announced that its 50:50 joint venture, Gammon, has been awarded an HKD 1.3 billion (USD 0.17 million) contract on behalf of Top Oasis Limited, a consortium formed by Sino Land Company Limited and CSI Properties Limited for the construction of a residential development in Yau Tong, Hong Kong.

• February 2023: HasslacherHolding GmbH acquired a 40% stake in Egoin Wood Group. With production sites in Ea (Biscay) and Legutio (Araba), this globally engaged company has more than 30 years of experience in the creation of construction timber solutions. The overall production capacity for engineered wood products at Egoin Wood Group was 22,000 m³ (14,000 m³ cross-laminated timber and 8,000 m³ glulam), but that capacity was anticipated to increase to up to 52,000 m³ when the third cross-laminated timber plant in Legutio opened in mid-2023.
• October 2022: Stora Enso announced its product, Sylva. It is a massive wood building kit comprising pre-manufactured, custom-made applications delivered in time to the building site. Stora launched this product to meet the demand for sustainable and innovative construction solutions and strengthen its business in the sustainable wood structure market for low-carbon buildings.

• Recent developments pertaining to the major players in the market are covered in the complete study.

• February 2023: AGC and Saint-Gobain partnered to create a revolutionary pilot flat glass line with drastic CO2 emissions reduction. The new technology is expected to be implemented on the patterned glass line by the end of 2024.
• January 2023: Guardian Glass signed an agreement to acquire Vortex Glass, which specializes in providing insulated and laminated glass that can survive hurricane impacts. The acquisition would help Guardian Glass to expand its laminated and flat glass business in Florida, United States.

• May 2023: LG CHEM announced the construction of its fourth carbon nanotube (CNT) plant at Daesan, South Korea. The plant is slated for operation in 2025. Through the expansion, the company contributes to doubling LG Chem’s annual CNT production capability to 6,100 tons, strengthening its product portfolio.
• January 2023: Showa Denko KK and Showa Denko Materials Co. Ltd (previously Hitachi Chemical Co. Ltd) unified on January 1, 2023, to establish two new companies: a holding company called "ResonacHoldings Corporation," and a manufacturing firm called "ResonacCorporation".