Construction
SunGas Renewables, C2X partner to expand green methanol production capacity in North America
SunGas Renewables Inc. and C2X LLC announced a strategic partnership with the aim to develop, own and operate multiple green methanol production facilities in North America to increase the supply of sustainable fuels and advance global decarbonization of hard to abate industries.
HIF Global secures nearly $165-MM in investments to develop eFuels
HIF Global announced a combined investment from existing shareholders and the Japanese energy company Idemitsu Kosan, securing $164 MM to fund its eFuels projects.
Ethylene downcycle puts nearly 25% of capacity at risk of closure
A series of unprecedented challenges to the global ethylene industry means that as much as 24% of global capacity is now under some threat of permanent closure according to new research by Wood Mackenzie.
Iran's Persian Gulf Mehr refinery scheduled for completion in early 2025
Phase 1 construction of Iran's Persian Gulf Mehr refinery is progressing, with project completion expected in early 2025.
Iran announces 15 petrochemical projects to expand domestic production to nearly 80 MMtpy
Morteza Shahmirzaei, head of the National Petrochemical Co. (NPC), in Iran, announced plans to launch 15 petrochemical projects that will increase the country's domestic production to nearly 80 MMtpy.
NOVA Chemicals launches Canadian Center of Excellence for Plastics Circularity
NOVA Chemicals Corporation announced the launch of its Center of Excellence for Plastics Circularity, a hub for knowledge exchange and technology development for the circular economy of plastics.
Iran to boost gasoline, diesel production as new units go online
Jalil Salari, Managing Director, National Iranian Oil Refining and Distribution Company (NIORDC), provided an update on the country's refining units going online this year, which will significantly boost domestic gasoline and diesel production.
U.S. renewable diesel glut hits refiners' margins
A rush by U.S. fuel makers to recalibrate their plants to produce renewable diesel has created a supply glut for low-emissions biofuels, hammering profit margins for refiners and threatening to impede a young industry.
NextDecade plans to take FID on LNG train 4 in 2H of this year
In the company's Q1 business update, NextDecade's Chairman and Chief Executive Officer, Matt Schatzman, provided an update on the company's LNG terminal project in south Texas (U.S.).
Vertex Energy pauses renewable diesel output to switch back to fossil fuels, citing macroeconomic woes
U.S. refiner Vertex Energy will pause renewable diesel production at its refinery in Mobile, Alabama, and convert it to produce fossil fuels instead, citing macroeconomic woes which might persist through next year.
- Brazil's Petrobras to invest $4.8 B in integration between Reduc refinery and Boaventura complex 7/8
- Braskem completes first sale of circular polyethylene in South America 7/8
- bp's 440,000-bpd refinery in Whiting, Indiana (U.S.), reported flaring due to operational conditions 7/8
- UK's insolvent Lindsey oil refinery secures some crude supply to keep running for now 7/8
- Brazil's energy minister hints at possible fuel price cuts 7/8
- Marathon Galveston Bay refinery (U.S.) hydrotreater to remain shut until September 7/8
