Asia/Pacific
Indian caustic soda major TGV SRAAC selects thyssenkrupp nucera for new expansion contract
Indian caustic soda major TGV SRAAC Ltd. (formerly Sree Rayalaseema Alkalies and Allied Chemicals Ltd.), has commissioned thyssenkrupp nucera to expand its chlor-alkali plants in Kurnool in the Indian state of Andhra Pradesh.
Update: Cancelled and postponed green hydrogen projects
Developers of green hydrogen have scaled back investments and scrapped projects globally as elevated production costs and weak demand for the low-carbon fuel have made many ventures unviable.
Second tanker to skip fuel loading at sanctions-hit Nayara refinery
Nayara Energy, in which Russia's largest oil producer Rosneft has a 49.13% stake, was hit in a fresh package of sanctions imposed on Friday by the European Union over Russia's war on Ukraine that began in February 2022.
Green hydrogen retreat poses threat to emissions targets
Green H2 developers are cancelling projects and trimming investments around the world, raising the prospect of longer than targeted reliance on fossil fuels.
Indonesia's Danantara awards $8-B EPC contract for modular refinery builds
Indonesian sovereign wealth fund Danantara plans to sign an $8 billion engineering, procurement and construction contract with U.S. engineering firm KBR Inc to build 17 modular refineries.
ABB wins a contract to support the electrification of Azerbaijan oil and gas terminal facility
ABB has been awarded a large order by bp, as the operator of the Sangachal terminal in Azerbaijan, to support the electrification and power grid stability of one of the world’s largest oil and gas terminals.
Gasoline cars banned ride-hailing platforms in Beijing
Gasoline cars were banned from ride-hailing platforms in Beijing as of July 20, Auto Review, the official media outlet of the China Association of Automobile Manufacturers, reported on Tuesday.
bp-chartered tanker leaves port of Nayara Energy without loading diesel
Oil tanker Talara, chartered by energy major bp, has left the Vadinar port of Indian refiner Nayara Energy without loading diesel as planned
Kazakhstan targets China, India in long-tern fuel production strategy
Kazakhstan, one of fastest-growing oil producers in the world, plans to boost its fuel exports to China, India and Central Asia, pinning its hopes on growing demand in the regions.
Europe's chemical industry seeks a lifeboat to stay in business
Europe's petrochemical industry is unravelling under a wave of plant closures after years of losses and a rapid expansion of global capacity led by China.
- Valero Energy beats Q2 profit estimates as refining margins improve 7/24
- SWISS becomes world’s first airline to integrate Synhelion solar fuel into its flight operations 7/24
- Finland's Neste tops earnings forecast on soaring SAF sales 7/24
- Shell restarts hydrodesulphurization unit at Pernis oil refinery after unplanned outage 7/24
- Orlen's Unipetrol will start commissioning ethylene unit after power outage experienced earlier in July 7/24
- Dow forecasts sales below estimates, slashes dividend as downturn takes a toll 7/24
