Middle East

Specialty gases are vital to a wide range of applications especially electronics.

Global engineering and construction firm McDermott has secured an engineering, procurement, construction, and installation (EPCI) contract from Qatar Energy to expand its North Field LNG project.

Total electrolyser capacity that has reached final investment decision (FID) now stands at 20 gigawatts (GW) globally, according to the IEA’s annual Global Hydrogen Review 2024.

ADNOC International Germany Holding has filed a $16.4bn takeover offer for leading chemicals firm Covestro.

Siemens Financial Services has launched the cloud-based Decarbonization Business Optimizer to reduce the complexity of decarbonising buildings and financing needed for Net Zero.

Rex International Holding has entered into a Joint Study Agreement with the co-founders of Helios Aragon to explore natural hydrogen in Oman.

McDermott and BW Offshore have entered into a collaboration to advance the technical and commercial viability of offshore blue ammonia production.

Standard Chartered Bank and financial services group SEB have expanded their partnership with Puro.earth in a bid to increase liquidity in the carbon dioxide (CO2) removal market.

Total investment in hydrogen projects is forecasted to top $680bn this year, an eight-fold increase on 2020, according to the latest Hydrogen Insights report from the Hydrogen Council and McKinsey & Company.

The economic and sustainability benefits from decentralised ammonia processes were highlighted in today’s gasworld TV webinar on ‘Unlocking the Ammonia Value Chain’.