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China petrochemical group Hengli plans $1.3-B investment in shipbuilding

Hengli Group, privately-controlled Chinese oil refiner and petrochemicals producer, said on Monday it will invest 9.2 B yuan ($1.3 B) in shipbuilding in northeast China, two years after it acquired South Korean shipyard STX's assets.

LOTTE Chemical develops high-intensity, flame-resistant PP products for electric vehicle batteries

LOTTE Chemical has developed high-intensity, flame-resistant polypropylene products that can delay thermal runaway in electric vehicle batteries.

Samsung C&T to build Korea's fist ammonia import terminal for co-firing power generation

The terminal will include facilities for storing, unloading, and transporting ammonia. A 30,000-ton storage tank will be used to compress and store ammonia for co-firing power generation. The terminal will also use a fuel blend comprised of at least 20% ammonia for co-firing with coal to reduce carbon emissions.

Shell to take up to $2-B writedown on Singapore and Rotterdam plants

Shell will take an impairment charge of up to $2 B after the sale of its Singapore refinery and pausing of construction of one of Europe's largest biofuel plants.

China regulator launches country's first 'green' jet aviation fuel center

The Civil Aviation Authority of China launched the country's first technical center for sustainable aviation fuel (SAF) that focuses on standard setting and product research. The center is setting up test facilities for new products which added that China's total aviation fuel consumption is likely to exceed 50 MMtpy by 2030 and the use of SAF could reach 2.5 MMtpy.

Saint-Gobain to acquire chemicals construction company FOSROC for $1 B

Saint-Gobain has entered into a definitive agreement to acquire FOSROC, a leading privately owned global construction chemicals player, for $1 B (€960 MM) in cash.

Update: Idemitsu Chiba CDU operating normally after lubricant plant's fire

Lubricant shipments from Idemitsu Kosan's Chiba refinery, near Tokyo, have been suspended due to a fire on Tuesday, but other facilities including a crude distillation unit (CDU) are operating normally.

Damper subsidy to oil refiners in Russia set to decline 4.5% to $1.7 B in June

Damper payments, a form of subsidy to oil refineries, are set to decline by around 4.5% to 150 B roubles ($1.7 B) in Russia in June from May due to global gasoline price rises and a weaker rouble.

Lummus secures heater supply awards from Reliance Industries

Lummus Technology, a global provider of process technologies and value-driven energy solutions, has secured awards from Reliance Industries Ltd. to supply four Short Residence Time (SRT®) ethylene cracking heaters at two facilities in India.

Fire breaks out at Idemitsu's Chiba refinery

A fire broke out at Idemitsu Kosan's Chiba refinery early Tuesday afternoon, a company spokesperson said, adding that no further details were available for now.