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Tag: Oil

Two sides to every coin: Crypto as a weapon in the fight for Ukraine

Cryptocurrency is being used both to fund Ukraine’s defense and prevent Russia’s ability to skirt sanctions in what may become a pivotal moment for the industry.

Carlyle, Mubadala-backed Cepsa holds fire for €3bn chemical business sale due to Ukraine conflict

Global buyout giant Carlyle and Abu Dhabi state fund Mubadala-backed Spanish energy company Cepsa is putting a planned €3bn chemical business sale on hold while it examines the potential impact of the rocketing energy prices from the Ukraine conflict, Reuters reported quoting local media.

The post Carlyle, Mubadala-backed Cepsa holds fire for €3bn chemical business sale due to Ukraine conflict first appeared on AltAssets Private Equity News.

Anaerobic digestion trade body calls for ban on Russian natural gas imports in open letter to the UK Prime Minister

The Chief Executive of the Anaerobic Digestion and Biomethane Association (ADBA), Charlotte Morton, has sent an open letter to the UK Prime Minister, Boris Johnson, in which she calls for the phasing out of Russian natural gas imports as well as oil, and highlights how boosting the production of biomethane could not only provide an […]

So… Is It Time to Talk About Recession Again?

recession

Last night, Goldman Sachs issued a note to clients, downgrading their forecast for the US GDP growth to 2.9% from 3.1% prior. However, that wasn’t the headline that got most of the attention from the press. Specifically, it was the addition of the chances of a recession occurring next year, between 20-35%. The downside risks […]

The post So… Is It Time to Talk About Recession Again? appeared first on Orbex Forex Trading Blog.

Exclusive DappRadar Report: How Russia’s War and the West’s Response is Impacting Crypto

Russia's unprovoked war on Ukraine is shaking up crypto in unprecedented ways.

Crude Oil Futures: Door open to extra losses

Considering preliminary readings from CME Group for crude oil futures markets, open interest increased by nearly 10K contracts on Thursday, partially

USD/CAD Forecast: Slight Gains Around 1.28, Awaiting CAD Jobs Data

USD/CAD gained slightly after fluctuating in the 1.2750-1.2777 range. DXY predicts a new wave of risk aversion. Oil prices have not yet dictated the Canadian dollar bears. The USD/CAD forecast remains bearish as we saw a significant fall in prices over the last two trading days. The pullback in the US dollar also contributed to … Continued

The post USD/CAD Forecast: Slight Gains Around 1.28, Awaiting CAD Jobs Data appeared first on Forex Crunch.

MHI-AC&R Develops Large-Capacity Brine Refrigeration System for Cryo-Temperatures, Featuring Nitrogen (N2) Refrigerant

TOKYO, Mar 11, 2022 - (JCN Newswire) - Mitsubishi Heavy Industries Air-Conditioning and Refrigeration Corporation (MHI-AC&R), a Group company of Mitsubishi Heavy Industries, Ltd. (MHI), has newly developed a large-capacity brine refrigeration system adopting a nitrogen (N2) refrigerant having both zero ozone depletion potential (ODP)(1) and zero global warming potential (GWP)(2). The new system can accommodate even cryotemperature needs, placing it at the pinnacle of industry offerings(3). The Company has just delivered a unit of the new system to The Honjo Chemical Corporation (Neyagawa, Osaka), a manufacturer of organic chemicals and other products, and further sales in the domestic market will be pursued going forward.

Large-capacity air-refrigerant (N2) brine refrigeration system flowchart

The new system can refrigerate at ultra-low and cryo-temperatures (brine temperature: -45℃ to -100℃) through application of MHI-AC&R's proprietary (patented) air refrigeration cycle technology. The unit also features one of the industry's most compact sizes, enabling easy handling and transport. Its compression expansion machine incorporates MHI Group's accumulated high technologies in gas turbines. In addition to capturing the energy generated during air expansion cooling and using it as drive power, stable operation is achieved through the integration of high technologies such as energy-saving inverter control.

The new refrigeration system contributes significantly to curbing global warming through the adoption of N2, a natural refrigerant having zero environmental impact. In recent years, initiatives to prevent climate change have accelerated in momentum. In Japan, since April 2015, when the Act on Rational Use and Appropriate Management of Fluorocarbons(4) went into effect, the low-temperature refrigeration machine market has been called on to adopt low-GWP refrigerants. Internationally, in tandem with implementation of the Kigali Amendment to the Montreal Protocol on Substances that Deplete the Ozone Layer in January 2019, along with revisions to the Vienna Convention for the Protection of the Ozone Layer, production of chlorofluorocarbon (CFC) substitutes and phased reduction in energy consumption have become mandatory.

Today, because there are few refrigerant options in the ultra-low-temperature refrigeration field, many refrigeration systems continue to use CFC refrigerants. However, demand for CFC-free refrigeration systems is steadily rising in order to mitigate impact on the environment. The refrigerant used in MHI-AC&R's new refrigeration system uses nitrogen, which accounts for approximately 78% of air content, so it is safe both to the environment and to humans. Use of a CFC-free refrigerant also eliminates the inspection procedures mandated under the Act on Rational Use and Appropriate Management of Fluorocarbons, and the new refrigerant is also exempt from the High Pressure Gas Safety Act which regulates the production of high-pressure gases and their consumption, etc. Another benefit is the adoption of magnetic bearings in the system's compression expansion machine, which eliminates the need for lubricating oil and enables a virtually unlimited service life, thereby helping to ease the user's maintenance and operating burdens.

(1) ODP is a coefficient expressing a refrigerant's ozone depletion potential compared to the previously widely used CFC-11 (trichlorofluoromethane), which is assigned a value of 1.0. The lower the ODP value, the smaller is the deleterious impact on the ozone layer.
(2) GWP is a coefficient expressing a refrigerant's global warming potential compared to CO2, which is assigned a value of 1.0. The lower the GWP, the higher is the refrigerant's environmental performance.
(3) Based on MHI-AC&R's in-house survey.
(4) The Act on Rational Use and Proper Management of Fluorocarbons is a totally revised update, carried out in April 2015, to the original Fluorocarbons Recovery and Destruction Law enacted in 2001. Under the revised legislation, commercial refrigeration condensing units and stationary refrigeration units with a refrigeration capacity exceeding 1.5 kilowatt (kW) (approx. 2HP) are required by 2025 to adopt refrigerants with a GWP below 1500 (CO2 =1).

Delivery Overview
Client and destination: The Honjo Chemical Corporation, Naoshima Organic Chemical Plant
(Naoshima-cho, Kagawa-gun, Kagawa Pref.)
Intended usage: Removal of heat of reaction produced during production of organic chemicals
Specification: Brine temperature -80degC (down to -100degC)

About MHI Group

Mitsubishi Heavy Industries (MHI) Group is one of the world's leading industrial groups, spanning energy, logistics & infrastructure, industrial machinery, aerospace and defense. MHI Group combines cutting-edge technology with deep experience to deliver innovative, integrated solutions that help to realize a carbon neutral world, improve the quality of life and ensure a safer world. For more information, please visit www.mhi.com or follow our insights and stories on spectra.mhi.com.


Copyright 2022 JCN Newswire. All rights reserved. www.jcnnewswire.comMitsubishi Heavy Industries Air-Conditioning and Refrigeration Corporation (MHI-AC&R), a Group company of Mitsubishi Heavy Industries, Ltd. (MHI), has newly developed a large-capacity brine refrigeration system adopting a nitrogen (N2) refrigerant having both zero ozone depletion potential (ODP) and zero global warming potential (GWP).

Joe Biden’s Ban On Russian Oil Is A Painful Yet Good Thing For Humanity

President Biden’s new ban on Russian oil is painful for Americans (especially those who are driving gas-powered vehicles), yet it is good for humanity overall. I saw an article in The Guardian that was published just before the news of the ban broke, and I was going to add my own thoughts here that we […]

Banking for the good times and the bad

Banks should be proactive in helping us manage our money better in the good times and the bad.

First Apartment Checklist: What to Buy First to Complete Your Home

With this comprehensive first apartment checklist, you’ll learn what you need in order to survive on your own in your first rental.

The post First Apartment Checklist: What to Buy First to Complete Your Home appeared first on Redfin | Real Estate Tips for Home Buying, Selling & More.

Bitcoin Was Made For This: The Apex Of Apolitical

The entirety of Bitcoin’s existence is dedicated to its usability by anyone regardless of their intent.

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