Business News: March 2021
March 1, 2021
Plant Watch
Austria’s largest green-hydrogen plant being constructed at OMV refinery
February 16, 2021 — OMV AG (Vienna, Austria; www.omv.com) and infrastructure bank Kommunalkredit Austria AG announced a joint €25-million investment in the construction of Austria’s largest electrolysis plant at OMV’s Schwechat petroleum refinery. The 10-MW electrolysis unit will produce up to 1,500 metric tons per year (m.t./yr) of green hydrogen once the plant starts up in 2023. The green hydrogen will be used for the hydrogenation of fuels.
Encina and Flint Hills Resources plan waste-plastic-based fuels and chemicals
February 16, 2021 — Encina Development Group, LLC (The Woodlands, Tex.; www.encina.com.) signed a non-binding term sheet with Flint Hills Resources, LLC (Wichita, Kan.; www.fhr.com) to produce renewable chemicals and renewable fuels from waste plastic. The parties may enter into a definitive agreement that includes building a renewable chemicals and fuels plant to process waste-plastic feedstock in Corpus Christi, Texas. Flint Hills Resources will market the renewable aromatic products produced at the Encina Corpus Christi facility, as well as work with its affiliates to market renewable aromatic products from…