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Daily Archives: August 4, 2020

Johnson Matthey methanol technology chosen for largest single train methanol plant in the world

LONDON, Aug. 04, 2020 (GLOBE NEWSWIRE) — Johnson Matthey (JM), the global leader in sustainable technologies with expertise in design and licensing of large-scale methanol plants, is pleased to announce another successful license award.  JM has been selected by China’s Ningxia Baofeng Energy Group as licensor for the third methanol synthesis plant at their coal to olefins complex near Yinchuan in Ningxia Province PRC.  With a planned capacity of 7200 mtpd, the methanol plant will be the largest single train methanol plant in the world once completed.

Under the agreement Johnson Matthey will be the licensor and supplier of associated engineering, technical review, commissioning assistance, catalyst and equipment supply. The JM methanol plant will take synthesis gas as a feed and utilise JM radial steam raising converters in a patented Series Loop. Together with JM catalysts, to produce stabilized methanol as a product that is used to produce olefins downstream, the plant will provide enhanced energy efficiency along with low OPEX, CAPEX and emissions.

Upon startup, this will represent JM’s 8th operating license in China with a plant capacity greater than 5500 mtpd. It is the third JM methanol design licensed by Ningxia Baofeng Energy.  This award follows the recent successful commissioning of the 6600 mtpd Baofeng methanol synthesis unit in May 2020 and the original 4450 mtpd methanol synthesis unit, which was commissioned in 2014. It demonstrates Baofeng’s recognition of JM’s technical leadership in this key growth market and is a testament to Johnson Matthey’s commitment and dedication to the delivery of large-scale methanol production.

“We are very proud of our ongoing collaboration with Ningxia Baofeng Energy. It is testament to their confidence in JM’s engineering expertise and ability to successfully design and help deliver their large-scale methanol plants”, said John Gordon, Managing Director for Johnson Matthey. “In just over six years it has been exciting to see our strong partnership result in the commissioning of two large scale plants with increasing volumes and a third world-scale plant on the way.  We are very much looking forward to this next ambitious phase of our journey and continuing to raise the bar of world-class project delivery.”

Johnson Matthey is a global leader in science that enables a cleaner and healthier world. With over 200 years of sustained commitment to innovation and technological breakthroughs, we improve the performance, function and safety of our customers’ products. Our science has a global impact in areas such as low emission transport, pharmaceuticals, chemical processing and making the most efficient use of the planet’s natural resources. Today more than 14,000 Johnson Matthey professionals collaborate with our network of customers and partners to make a real difference to the world around us. For more information, visit www.matthey.com

Inspiring science, enhancing life

Ningxia Baofeng Energy was founded in 2005, and is the largest coal to olefin private enterprise to date in China. Baofeng Energy’s stock is listed on the Shanghai Stock Exchange under stock code SH.600989. The company’s production base is located in the national energy & chemical base – Ningdong Energy & Chemical Base in the northwest China and relies on China’s energy deployment, which is ‘Rich in coal and poor in oil and gas’. The plants are taking full advantage of local coal resources to build a product chain of ‘coal – coke – methanol – olefins – fine chemicals’ in the Ningdong chemical complex of 14,000 acres. The complex is now producing 1,200 kt/a of poly-olefins, 4,000 kt/a of methanol, 4,000 kt/a coking and 780 kt/a of fine chemicals, which is the leading enterprise of the most integrated, environmentally friendly coal-based material industry. Baofeng will be focusing on poly-olefins and incorporating novel energy with the modern coal chemical industry while pioneering the improvement of modern coal chemical.

For more information, please contact:

Alan Ingham Commercial Licensing Manager at JM +44 20 7957 3148
Jennifer Rennick Marketing Lead at JM +1 732 223 4644
Zhang Yuanyuan Media contact at Ningxia Baofeng Energy +86 13301101975

Virtusa Achieves Blue Prism Silver-level Delivery Provider Certification

SOUTHBOROUGH, Mass., Aug. 04, 2020 (GLOBE NEWSWIRE) — Virtusa Corporation (NASDAQ GS:VRTU), a global provider of digital strategy, digital engineering, and IT services and solutions that help clients change and disrupt markets through innovation engineering, today announced it has achieved Silver-level Delivery Provider Certification from Blue Prism.

To achieve this recognition, Virtusa passed a rigorous certification process for Blue Prism’s intelligent Robotic Process Automation (RPA) solutions and proved the ability to demonstrate customer success.

“Virtusa’s heritage of deep digital engineering combined with Blue Prism’s accredited RPA resources ensures clients will receive the highest levels of service when working with a technology partner,” said Andrew Clinton, global head of partner success, Blue Prism. “Blue Prism Silver Delivery Partners are certified to deliver successful outcomes for intelligent automation projects matching the right capabilities, experience, and level of scope to client needs.”

Virtusa helped Mashreq Bank, the leading financial institution in the United Arab Emirates (UAE), successfully implement a Blue Prism digital workforce. Mashreq was the first private bank in the UAE to implement an automation platform that integrates emerging technologies such as RPA, artificial intelligence (AI), machine learning (ML), and cognitive capabilities to deliver seamless digital customer experiences and improve operational efficiency for the bank’s staff so they can better service customers.

As part of its digital transformation journey, Mashreq Bank is continuously evolving strategies to innovate and transform its banking operations. This helps address changing consumer needs by developing new products and services and providing seamless, convenient, and secure banking services to its customers. Mashreq worked with Virtusa to define the right AI, digital process automation (DPA), and RPA-driven process automation strategy for the bank, identify the right virtual workforce platform, and implement intelligent automation across the bank’s process landscape. Virtusa leveraged its strong experience in designing and delivering DPA, software robotics, and AI solutions to design and build solutions for Mashreq Bank that met their strategic vision for operational excellence and customer experience.

By adopting a digital workforce that interfaces with other ML, API, and AI platforms, Mashreq is on an accelerated track to be the most innovative digital bank in the region. Mashreq has recently launched a new, full-service digital bank, Mashreq Neo, to cater to the day-to-day needs of a world on the move. This new digital bank is completely branchless and will immerse users into a compelling digital experience. The Blue Prism implementation will bolster Mashreq’s ability to provide seamless and convenient delivery-on-demand services to their tech-savvy customers through Mashreq Neo and other banking platforms.

“Virtusa’s application of RPA focused on banking and financial services sets the foundation for success when solving the CIO’s dual challenge of keeping business running while reducing costs,” said Raymond Hennings, EVP and head of global sales, alliances, and strategic deals, Virtusa. “The Blue Prism Silver Delivery Partnership reinforces Virtusa’s commitment to innovating within industry best practices to continue delivering the infrastructure our clients demand now and in the future.”

To learn more about Virtusa, please visit: virtusa.com

To learn more about Virtusa’s work with Mashreq Bank, please visit: virtusa.com/success-story/mashreq-bank-automates-customer-due-diligence-increases-process-throughput-by-78

About Virtusa Corporation
Virtusa Corporation (NASDAQ GS: VRTU) is a global provider of digital business strategy, digital engineering, and information technology (IT) services and solutions that help clients change, disrupt, and unlock new value through innovation engineering. Virtusa serves Global 2000 companies in the Banking, Financial Services, Insurance, Healthcare, Communications, Media, Entertainment, Travel, Manufacturing, and Technology industries.

Virtusa helps clients grow their business with innovative products and services that create operational efficiency using digital labor, future-proof operational and IT platforms, and rationalization and modernization of IT applications infrastructure. This is achieved through a unique approach blending deep contextual expertise, empowered agile teams, and measurably better engineering to create holistic solutions that drive business forward at unparalleled velocity enabled by a culture of cooperative disruption.

© 2020 Virtusa Corporation. All rights reserved.
Virtusa is a registered trademark of Virtusa Corporation. All other company and brand names may be trademarks or service marks of their respective holders.

Contact:
Ron Favali
Conversion Marketing
ron@conversionam.com
727-512-4490

Indonesia COVID-19 cases rise to 115,056, deaths at 5,388

The number of COVID-19 positive cases in Indonesia increased to 115,056, including 1,922 new cases recorded within 24 hours.

 

Based on the government’s official website on COVID-19, www.covid19.go.id today, 68,131 patients are still under COVID-19 monitoring.

 

From noon yesterday to noon today, 86 more deaths occurred, bringing the total number of fatalities in the republic to 5,388.

 

 

 

East Java Province recorded the highest number of positive cases at 23,412, followed by Jakarta (23,026) and 32 other provinces.

 

East Java Province also has the highest number of deaths from COVID-19 at 1,781, followed by Jakarta (874), Central Java (665), South Sulawesi (328) and the rest in the other provinces.

 

Source: BERNAMA News Agency

Markets without fixed locations disallowed in Kubang Pasu, Padang Terap

 

ALOR SETAR Markets without fixed locations, or mobile including morning, night and daily markets, in Kubang Pasu and Padang Terap districts are not allowed to operate, effective yesterday until Aug 30.

 

Kedah Health and Local Government Committee chairman Datuk Dr Mohd Hayati Othman said that the move was aimed at curbing the spread of COVID-19 infection involving the Sivagangga PUI Cluster in the districts.

 

“These open markets are not allowed to operate because traders move from one district to another. If we don’t impose this rule, they may spread the infection to another district. We want to protect other districts,” he said at a press conference here, today.

 

 

 

Apart from that, premises which are allowed to operate for business or essential services in the four mukim which are placed under the administrative Enhanced Movement Control Order (EMCO), are only allowed to be opened from 8 am to 6 pm.

 

“This instruction is only for premises located in Mukim Hosba, Mukim Ah, Mukim Binjal (Kubang Pasu) and Kampung Ulu, Padang Sanai (Padang Terap). Apart from these mukim, premise operators can operate as usual.

 

“These business premises include those selling daily necessities, restaurants with food delivery services and petrol stations,” he said.

 

 

He added that for food business premises, customers are only allowed to pack or drive through.

 

Business premises involving indoor sports activities such as gymnasium and badminton courts are not allowed to operate, also effective yesterday until Aug 30.

 

“Public parks and recreation centres, whether open or indoor, including all sports, recreational, social activities in public places in the four districts, are also disallowed,” he said.

 

He also advised those who were allowed to operate to comply with the standard operating procedure (SOP) set by the National Security Council (MKN) to prevent the spread of the virus infection.

 

 

Source: BERNAMA News Agency

Obey SOP, learn from Sivagangga cluster, says health expert

 

KUALA LUMPUR The public should take note of the cause of the Sivagangga cluster incident and should not view lightly the standard operating procedures (SOP) recommended by the Ministry of Health (MOH) to curb the spread of COVID-19, said a public health expert.

 

Associate Prof Dr Malina Osman of the Department of Medical Microbiology and Parasitology, Universiti Putra Malaysia, said the SOP was not difficult to comply with although it needed the commitment of the community to be successfully implemented.

 

“If the SOP is not complied with, (even) a minor mistake will have an impact on the community. The SOP or preventive measures are not difficult to comply with, but a bit of patience is required for the commitment to implement it over a certain period.

 

 

 

“We need support from the community to help implement the procedure,” she said when contacted through the ‘Malaysia Petang Ini’ programme broadcast by Bernama TV today.

 

The Sivagangga cluster involved a permanent resident who returned to Malaysia from India but failed to comply with the Home Surveillance Order (HSO).

 

Source: BERNAMA News Agency

 

COVID-19: Accurate information speeds up detection of contacts – Uggah

KUCHING The people of Sarawak are urged to provide accurate information when filling in information at the premises they visit to facilitate efforts to identify close contacts quickly if any positive cases are detected.

 

Sarawak Deputy Chief Minister Datuk Amar Douglas Uggah Embas said if the information provided was incorrect, it would further complicate the work of tracking close contacts, thus convoluting the government’s efforts in severing the COVID-19 network.

 

“We are aware that there are now 10 active clusters in the state, therefore we do not want these active clusters to increase,” said Uggah, who is also the Chairman of the Sarawak State Disaster Management Committee (JPBN), at the JPBN daily press conference here today.

 

 

 

 

Meanwhile, Sarawak Criminal Investigation Department chief SAC Denis Leong, who was also present at the press conference, said the police in the state were still waiting for the latest decision from Bukit Aman regarding the enforcement of the RM1,000 fine on the public who did not wear face masks.

 

“If you go out in public, follow the Standard Operating Procedure (SOP) which requires the wearer to cover the nose and mouth except children under two years old. However, we do not encourage bringing children (in that age category) to public places, “he said.

 

Sarawak today did not record a positive COVID-19 case, maintaining the total number of positive cases to 678.

 

 

Source: BERNAMA News Agency

No due diligence taken by 1MDB to enter into US$6 mln joint venture

KUALA LUMPUR The High Court today was told that no due diligence was taken by 1Malaysia Development Berhad (1MDB) before entering into a joint venture (JV) worth US$6 million with a company purportedly linked to an Abu Dhabi sovereign wealth fund, International Petroleum Investment Company (IPIC).

 

Former 1MDB chief executive officer, Datuk Shahrol Azral Ibrahim Halmi said no formal due diligence was taken with regard to Aabar BVI Ltd, which the 1MDB board of directors took as a subsidiary of IPIC.

 

Aabar Investment PJS was the real subsidiary of IPIC, while Aabar BVI Ltd was a company incorporated by fugitive businessman, Low Taek Jho or Jho Low and his associates in British Virgin Islands that was wound up and dissolved in June 2015.

 

 

 

The ninth prosecution witness said he, however, did not take the liberty to verify the fact if the two ‘Aabars’ were the same and only took the representation of the company from Jho Low.

 

Shahrol Azral was being cross-examined by lead defence counsel, Tan Sri Muhammad Shafee Abdullah at former prime minister, Datuk Seri Najib Tun Razak’s RM2.3 billion 1MDB graft trial.

 

Muhammad Shafee: …but you were going into a JV of US$6 million with this company?

 

 

Shahrol Azral: During that time, we (1MDB board of directors) had no reason to doubt it. On hindsight, I agree it would be prudent to do so.

 

Muhammad Shafee: You agree with me, the Goldman Sachs (1MDB financial advisor) team led by Tim Leissner, was supposed to be taking due diligence on both Aabars?

 

Shahrol Azral: If anything was amiss, we would expect Goldman Sachs to tell us as the paid financial advisor.

 

Last year, United States officials had barred Leissner from the securities industry after he pleaded guilty to bribery and money laundering conspiracy charges related to 1MDB and is scheduled to face sentencing in a federal court in Brooklyn, New York soon.

 

Meanwhile, the witness also agreed to a suggestion by the lawyer that since 1MDB had failed to check (on the due diligence) because of their good faith in Jho Low’s representation of the company, they would expect Goldman Sachs to do so.

 

Further questioned by Muhammad Shafee, Shahrol Azral said he was not shocked when IPIC denied having any connection with Aabar BVI Ltd in 2016.

 

“It was in 2015 when I heard all the revelations about 1MDB from the media. Don’t get me wrong, but emotionally I was kind of numb already after hearing reports swirling about how they (1MDB) spent the money…so I was not surprised and just left it to the investigators,” said the witness.

 

Muhammad Shafee then went on to the little details such as the differences in the letterhead and signatures in the documents presented by Aabar BVI Ltd to 1MDB, to which Shahrol Azral replied that he nor the 1MDB management had realised it during that time.

 

Muhammad Shafee: So nobody in the 1MDB management brought up this issue (the differences) to you?

 

Shahrol Azral: No.

 

Muhammad Shafee: When the entire management in 1MDB did not see the differences, you could not expect the prime minister and finance minister at that time (Najib) to notice it.

 

Shahrol Azral: No comment.

 

For the record, it was stated in the Public Accounts Committee (PAC) report that 1MDB had paid over RM4.24 billion to Aabar BVI Ltd in 2012 for a security deposit.

 

Throughout the proceeding today, Muhammad Shafee who referred Aabar Investments PJS as ‘big Aabar’ and Aabar BVI Ltd as ‘small Aabar’, said the 1MDB management had once again fallen into ‘cobra pits’ in its investment dealing.

 

Muhammad Shafee: Do you notice that we are moving in many cobra pits…1MDB must be run by a bunch of idiots to walk through these pits.

 

Shahrol Azral: I’d like to reserve my comment on that.

 

After the lunch break, another counsel, Wan Aizuddin Wan Mohammed referred the witness to a shareholders’ minutes signed by Najib as a representative of Minister of Finance (Incorporated) (MoF Inc), which included the appendix of the terms and conditions of a land deal on the development of Kuala Lumpur International Financial District (now known as TRX) between Aabar BVI Ltd and 1MDB.

 

Shahrol Azral said he did not know if Najib had seen the minutes together with the appendix and he did not take the step of briefing him before executing the document.

 

Wan Aizuddin: Do you know whether this (shareholders’ minutes together with the appendix) was shown to Najib or not?

 

Shahrol Azral: I have no direct knowledge.

 

Wan Aizuddin: Looking at the content, do you agree on the face of the document, the impression is that the joint venture was between 1MDB and the real Aabar?

 

Shahrol Azral: Yes.

 

Wan Aizuddin: Is it safe to say that for the uninitiated, when you see 1MDB and Aabar Investments PJS Limited (Aabar BVI Ltd), a person not warned of the peculiarity may take this for the (real thing)?

 

Shahrol Azral: Yes.

 

Najib, 67, faces four charges of using his position to obtain bribes totalling RM2.3 billion from 1MDB funds and 21 charges of money laundering involving the same amount.

 

The trial before judge Collin Lawrence Sequerah continues tomorrow.

 

 

Source: BERNAMA News Agency