LSB Industries | May 26, 2022
LSB Industries, Inc. (“LSB” or “the Company”), (NYSE: LXU), today announced that it entered into agreements with thyssenkrupp Uhde USA, LLC (“thyssenkrupp Uhde”) and Bloom Energy (“Bloom”), (NYSE:BE) to develop a project to produce approximately 30,000 metric tons of zero-carbon or “green” ammonia per year at LSB’s Pryor, Oklahoma facility (“Pryor”). Green ammonia is produced by extracting hydrogen from water using an electrolyzer powered by a renewable energy source, such as solar or wind. Since no natural gas or other fossil fuels are used as the feedstock to the ammonia production process, nor as the power source, the end-product has no associated carbon emissions.
Thyssenkrupp Uhde will develop the engineering design to convert a small portion of Pryor’s existing conventional or “grey” ammonia capacity into green ammonia. Pending results of the feasibility study currently underway, and subsequent board approval, the project will be constructed in two phases: first with Bloom supplying a 10 megawatt (MW) solid oxide electrolyzer, followed by the installation of an additional 20MW alkaline electrolyzer unit, which will be sourced from a leading manufacturer. Bloom will, own, operate and maintain the solid oxide electrolyzer that, once in operation, will be the largest of its kind in the world. Once the second electrolyzer is installed and operational, Pryor will be the largest green ammonia production site in North America.
“We are very excited to partner with Bloom Energy and thyssenkrupp Uhde in taking our first step to becoming a leading supplier of zero carbon or green ammonia in a unique facility that will have two electrolyzer technologies operating side by side. We believe that being an early entrant into the green ammonia space will allow us to become a leading player as the market evolves, This project is very important for LSB and our partners because, in addition to its initial environmental benefit, it provides a learning opportunity. With two electrolyzer technologies working together in a real-world application, we can learn how to effectively develop projects and operate facilities in this exciting new environment. We view this project as our first critical step in becoming a major facilitator and participant in the green ammonia market of the future.”
-Mark Behrman, President, and Chief Executive Officer of LSB Industries.
“This project highlights the value that strategic collaborations and industry-leading innovation can bring to lead advancements in decarbonizing today’s energy system, With a focus on providing highly efficient and low-cost green hydrogen at scale, we’re proud to partner with LSB to accelerate the adoption of this clean, carbon-free fuel.”
-Rick Beuttel, vice president of Bloom Energy’s hydrogen business.
The green hydrogen produced from the electrolyzers as part of the ammonia production process is expected to qualify for federal incentive programs such as the production and investment tax credits currently under evaluation by Congress.
About LSB Industries, Inc.
LSB Industries, Inc., headquartered in Oklahoma City, Oklahoma, manufactures and sells chemical products for the agricultural, mining, and industrial markets. The Company owns and operates facilities in Cherokee, Alabama, El Dorado, Arkansas and Pryor, Oklahoma, and operates a facility for a global chemical company in Baytown, Texas. LSB’s products are sold through distributors and directly to end customers primarily throughout the United States. Committed to improving the world by setting goals that will reduce our environmental impact on the planet and improve the quality of life for all of its people, the Company is well positioned to play a key role in the reduction of global carbon emissions through its planned carbon capture and sequestration, and zero carbon ammonia strategies.
About Bloom Energy
Bloom Energy empowers businesses and communities to responsibly take charge of their energy. The company’s leading solid oxide platform for distributed generation of electricity and hydrogen is changing the future of energy. Fortune 100 companies around the world turn to Bloom Energy as a trusted partner to deliver lower carbon energy today and a net-zero future.
About thyssenkrupp Uhde USA, LLC.
thyssenkrupp Uhde USA, based in Houston, Texas, is a leading engineering, procurement and construction services provider for the North American chemical and fertilizer industry. The company offers market leading technologies from thyssenkrupp Uhde, Germany together with local EPC competence from a single source and complete value chains for green and blue ammonia, methanol, SNG, nitrous oxide abatement, and more. Their purpose statement "We create a livable planet" reflects the ambition to be a driving force in the sustainable transformation of the global industrial landscape.
GKN Hydrogen | July 01, 2022
GKN Hydrogen and Southern California Gas Co. (SoCalGas) announced the companies will work with the U.S. Department of Energy's (DOE's) National Renewable Energy Laboratory (NREL) on an innovative green hydrogen storage solution. GKN Hydrogen's HY2MEGA can enable safe, long duration clean energy storage without the need for compression. At scale, this combined technology could provide resilient power in case of widespread outages. It also highlights the technologies needed to reach carbon neutrality and accelerate clean fuel initiatives.
Two HY2MEGA hydrogen storage subsystems will connect to an electrolyzer and fuel cell at the ARIES facility on NREL's Flatirons Campus near Boulder, Colorado. The electrolyzer will use renewable sources and produce green hydrogen to be stored in the HY2MEGA. The HY2MEGA stores the hydrogen in a solid state (metal hydrides), under low pressure in a compact footprint. According to GKN Hydrogen, its one of the safest ways to store hydrogen. The fuel cell will then convert the green hydrogen to produce renewable electricity. The two HY2MEGA's will add an additional 500 kgs of hydrogen storage on site. The three-year project is set to launch at the end of this year.
SoCalGas will leverage the large-scale hydrogen storage capabilities of GKN Hydrogen's HY2MEGA from this project to help accelerate the commercialization and deployment of green hydrogen projects. Ultimately, green hydrogen generation and storage will help decarbonize the energy system while assuring stability of the electrical grid to enable even higher penetrations of renewable sources of electricity."
Neil Navin, vice president of clean energy innovations at SoCalGas
"This project is exactly what the ARIES platform was designed for: demonstrate the benefits of a new technology that efficiently stores energy produced from renewable electricity," said Katherine Hurst, group manager and research scientist at NREL. "It brings together a national laboratory, a clean energy technology developer, and a large utility to work on solutions that help decarbonize the power grid. We are looking forward to working with GKN Hydrogen and SoCalGas to advance this technology."
"Collaborations on green hydrogen projects are essential as we tackle this climate emergency," said Frank Wolak, President and CEO of the Fuel Cell and Hydrogen Energy Association (FCHEA). "This project will demonstrate how hydrogen storage can help reduce carbon emissions and is an innovative step towards a clean future for everyone."
Bruno Biasiotta, Chief Executive Officer at GKN Hydrogen said, "We are really honored to be working with great organizations like NREL and SoCalGas to validate and demonstrate green hydrogen as a megawatt scale energy source. To accelerate the energy transition hydrogen cannot just be part of the discussion, it must be part of the solution. This project will demonstrate that large scale green hydrogen storage with HY2MEGA can be used to help decarbonize and accelerate the shift to cleaner fuels."
About GKN Hydrogen
GKN Hydrogen is pioneering safe, emission-free green hydrogen storage to help organizations and societies around the world achieve their carbon neutrality goals today, and in the years to come. By leveraging GKN's world-leading position in powder metal solutions, they are bringing to market green, safe, and compact hydrogen storage solution based on metal hydrides and offering a range of modular HY2 energy systems.
Headquartered in Los Angeles, SoCalGas is the largest gas distribution utility in the United States. SoCalGas delivers affordable, reliable, and increasingly renewable gas service to 21.8 million consumers across 24,000 square miles of Central and Southern California. Gas delivered through the company's pipelines will continue to play a key role in California's clean energy transition—providing electric grid reliability and supporting wind and solar energy deployment.
SoCalGas' mission is to build the cleanest, safest and most innovative energy company in America. In support of that mission, SoCalGas aspires to achieve net-zero greenhouse gas emissions in its operations and delivery of energy by 2045 and to replacing 20 percent of its traditional natural gas supply to core customers with renewable natural gas (RNG) by 2030. Renewable natural gas is made from waste created by dairy farms, landfills, and wastewater treatment plants. SoCalGas is also committed to investing in its gas delivery infrastructure while keeping bills affordable for customers. SoCalGas is a subsidiary of Sempra (NYSE: SRE), an energy services holding company based in San Diego.
PanXchange | June 17, 2022
PanXchange, the industry market structure solution and benchmark price provider for US hemp, and the Washington DC-based National Industrial Hemp Council of America announced that they have signed a memorandum of understanding (MOU) that will support the growth of financial incentives for carbon sequestration for the US industrial hemp market.
"NIHC is a leading and unifying voice for the industry, particularly in regulatory issues for industrial hemp, Partnering with a strong hemp membership and advocacy organization like NIHC will help grow industrial hemp markets and related climate-smart agricultural practices across the supply chain,"
-Julie Lerner, founder, and CEO of PanXchange.
The two companies said the partnership would allow hemp farmers to take advantage of PanXchange's deep knowledge of commodity trading and the potential impact of implementing climate-smart practices specifically for hemp growing and processing.
PanXchange is rolling out a transparent carbon program that provides farmers a viable path toward financial rewards for implementing regenerative agricultural practices. Moreover, Lerner explains that the PanXchange program gives farmers full ownership of the carbon credits earned and full agency to market the credits directly to buyers through its online trade platform.
The company already has 31,000 acres of croplands committed to the program for the 2023 crop year.
Other aspects of the MOU include:
PanXchange's carbon program will be the preferred vendor for NIHC's membership of hemp producers under the new agreement.
NIHC will partner with PanXchange to craft joint educational programming on carbon credits and regenerative agriculture.
PanXchange will serve as the NIHC preferred vendor for research projects involving climate-smart commodity markets and climate-smart practices specifically related to hemp growing and processing.
"Carbon sequestration and the voluntary carbon market are part of hemp's renaissance and will be an important part of North American agriculture. This partnership will be a value-add for American farmers who choose to grow hemp. Producers and the companies using these raw goods will also benefit alongside American consumers who will ultimately fulfill the promise of hemp's potential to power our climate-smart economy,"
- Patrick Atagi, President and CEO of the National Industrial Hemp Council of America.
PanXchange specializes in creating ESG-focused physical commodity trading markets and benchmark pricing for better risk management. The firm is launching a vertically integrated and inclusive agricultural carbon program relying on its strong foundation in regenerative agriculture to generate carbon credits for sale on its platform. In doing so, PanXchange has developed buyer-approved and farmer-friendly carbon project methodologies for croplands and grasslands to lower the cost of entry for the average farmer. PanXchange is the leading benchmark price provider in the US hemp industry and the only institutional-grade trading platform for physical transactions.
About National Industrial Hemp Council
The National Industrial Hemp Council of America provides high-quality networking and resources for its members, from farm to consumer. Its leadership is composed of leading international, federal, state, private industry, and government professionals throughout the sector. The organization is dedicated to furthering market development, assisting members in entering the industry, and educating consumers on industrial hemp and its applications. Learn more about the NIHC at the 2022 Business, Research and Farm Summit happening August 22-23 in Corvallis, Oregon, at the Oregon State Global Hemp Innovation Center.