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ADNOC is developing a blue ammonia production project in Ruwais

Archyde May 24, 2021 by archyde Abu Dhabi National Oil Company (ADNOC) announced today that it is working on developing a world-class facility for the production of “blue” ammonia as part of “promotion”, the new integrated industrial system in the Ruwais complex. Through this facility, which is in the design phase and will have a production capacity of 1000 kilotons per year, ADNOC is working to strengthen its leadership in the emerging market for hydrogen, and through this project, it continues to contribute to the UAE’s efforts to create local and international value chains for hydrogen and contribute at the same time. In the process of development and economic diversification in the state.

Former CEO, chairman of KS Energy fined for market rigging » Borneo Bulletin Online

May 20, 2021 SINGAPORE (CNA) – The former chief executive officer and chairman of mainboard-listed KS Energy yesterday was convicted of market rigging offences and ordered to pay a fine of SGD480,000, the Singapore Police Force (SPF) said in a news release yesterday. Kris Wiluan, 72, rigged the market 112 times between December 19, 2014 and September 13, 2016 by giving instructions to push up or maintain the share price of KS Energy. On certain trading days, Wiluan, who is an Indonesian citizen and Singapore permanent resident, gave instructions to trading representatives in CIMB Securities (Singapore) to purchase KS Energy shares for the purpose of pushing up the company’s share price.

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