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Economics

DOMO Chemicals responds to surging demand in China with its new TECHNYL polyamide production plant

DOMO Chemicals inaugurates its newest plant in Haiyan, Jiaxing, Zhejiang, China which is a significant milestone that reinforces DOMO's determination to meet rising demand in the Chinese market for its TECHNYL polyamide-based intelligent solutions.

India's Chennai Petroleum sees two-year delay in building new 180,000-bpd refinery

India's Chennai Petroleum Corp Ltd will build a 180,000-bpd refinery at Nagapattinam in Southern Tamil Nadu State by the end of 2027, two years later than initially planned, its head of finance Rohit Kumar Agrawala said.

PetroChina profit boosted by stronger gas sales and fuel demand

China's top energy producer PetroChina posted a 4.7% rise in first-quarter net income helped by growth in natural gas and a recovery in fuel demand.

thyssenkrupp Uhde completes EnviNOx project for Dyno Nobel in Australia

thyssenkrupp Uhde and Dyno Nobel have successfully completed the nitrous oxide abatement project in Moranbah, Australia with the successful commissioning of thyssenkrupp Uhde’s highly effective EnviNOx technology to reduce greenhouse gas emissions at Dyno Nobel’s nitric acid plant in Moranbah, Australia.

India receives fuel oil cargo in Russian SCF tanker after brief halt

A ship controlled by U.S.-sanctioned Russian shipping giant Sovcomflot discharged fuel oil at a western Indian port indicating a resumption in the use of SCF vessels to supply Moscow's key market after a brief halt.

Biden administration (U.S.) to release SAF tax credit model

The Biden administration (U.S.) is expected to release a climate model for its SAF subsidy program, two sources familiar with the matter said.

S-Oil expects Q2 refining margins to remain steady then trend upward

South Korea's S-Oil forecast that second-quarter refining margins will be steady, supported by regular maintenance in the region, then trend upward in tandem with higher demand as the summer season gets underway.

Optimization for the trigeneration of industrial waste

University of Nottingham Malaysia, Center for Green Technologies: Chua, X. Y.  |  Foo, D.C.Y.  |  Ramanath, T.

Many corporations are moving toward sustainable operations for their processes. One alternative pathway to reduce fossil fuels consumption in a processing plant is through harvesting waste heat from industrial waste through combined heat and power (CHP), or what is commonly known as cogeneration or polygeneration.

Business Trends: Global chemicals industry outlook for 2024

Deloitte: Yankovitz, D.  |  Hardin, K.  |  Kumpf, R.  |  Christian, A.

After a challenging end to 2022, many in the chemical industry anticipated a modest rebound in production in 2023. However, by mid-2023, several chemical companies significantly lowered their expectations.

Vitol to charter supertankers from U.S. to Nigeria's Dangote refinery

Commodities trader Vitol has agreed to charter two supertankers to deliver crude oil to Nigeria's giant Dangote refinery from the U.S. in May, according to a shipping source and fixtures data.