Aramco, Air Products, ACWA Power to form gasification/power JV


Saudi Aramco, Air Products (APD), and ACWA Power has signed a Term Sheet to form an over $8 billion gasification/power joint venture (JV). Located at Jazan Economic City (JEC) in Saudi Arabia, the JV will purchase the gasification assets, power block and the associated utilities from Saudi Aramco for over $8 billion. These assets are currently under construction and will be transferred to the JV upon successful start-up, currently scheduled in 2019. The JV will own and operate the facility under a 25-year contract for a fixed monthly fee. Saudi Aramco will supply feedstock to the JV, and the JV will produce power, hydrogen and other utilities for Saudi Aramco. Read more

 

Indian Oil Corporation said that Krishan Pal, Minister of State for Social Justice & Empowerment, Govt of India, unveiled two innovative technologies developed by its R&D Centre to coincide with the World Biofuel Day 2018. Krishan Pal inaugurated the IOC-DBT-Lanzatech pilot plant set up at Indian Oil’s R&D Centre to convert carbon dioxide to high-value lipids. This novel 3rd generation biofuel technology has been developed by the DBT-IOC Centre for Advanced Bio-Energy Research at Indian Oil R&D by integrating two technologies Read more

 

 

Lanxess AG is giving its customers a real competitive advantage by forecasting future colours and trends. In a specially made collection, Lanxess is revealing leather patterns with the novelties for the autumn/winter 2019/2020. The leather patterns reflect the future leather fashion in terms of appearance, surface touch and overall look. The sample collection also contains recipes and practical processing suggestions so that the tanners are well-equipped to reproduce the new trends. Read more

 

What is Acetone?- History, Properties, Production and Uses

Acetone is an organic element with formula (CH3)2CO. Acetone consists of three carbon, six hydrogen and one oxygen atom. Acetone comes under the categories of ketones, which are organic compounds with a carbonyl group bonded to two hydrocarbon groups. Acetone is a general building block in organic chemistry. In the human body, it is normally present in blood and urine. Acetone was first discovered during the middle Ages by alchemists, where it was called as “spirit of Saturn”. It was French chemist jean Baptiste Dumas and German chemist Justus von Liebig, who determined acetone chemical formula. Read more 

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