Economics
Trafigura consortium in talks to buy Exxon oil refinery in France
Rhone Energies, a consortium of commodity trader Trafigura and Entara LLC, is in exclusive negotiations with Exxon Mobil's ESSO SAF to acquire the Fos-sur-Mer refinery in southern France and the Toulouse and Villette de Vienne terminals.
Kent plays integral role In ExxonMobil's investment In Fawley UK petrochemical complex
Kent, a leading global engineering and project management company, announced its significant involvement in ExxonMobil's $1.04-B investment in its Fawley petrochemical complex.
Nuberg EPC spearheads India’s largest chlor-alkali project for Adani Group
Nuberg EPC, a preeminent Indian Global EPC and turnkey project management company, announced its latest undertaking: India’s largest Chlor-Alkali project, commissioned by Mundra Petrochemical Ltd., a subsidiary of the esteemed Adani Enterprises.
Lukoil expects damaged NORSI refinery units back up in Q2
Russian oil producer Lukoil expects its damaged CDU-6 primary unit and catalytic cracker at the NORSI oil refinery to return to operations in the second quarter following seasonal maintenance.
Avril expects biofuel-driven profit surge by 2030
French oilseeds group Avril expects its core profit to increase by over half by the end of the decade as its crop-based food, fuel and industrial products meet demand for lower-carbon goods.
Russia's Orsk refinery declares force majeure on fuel supply due to floods
Russia's Orsk oil refinery, which has halted output after widespread floods, declared force majeure on fuel supplies from April 8, according to a document issued by plant owner Forteinvest.
Borealis invests $4.95 MM in Porvoo steam cracker
Borealis announced a $4.95 MM investment in the cracker furnaces of its olefins unit in Porvoo, Finland.
Singapore’s EU ETS liabilities of $363 MM can accelerate green shipping initiatives
Singapore-registered vessels will be required to contribute a significant $363 MM share of Asian shipping’s total emissions liabilities under the EU ETS, underlining the importance of the Lion City as a key maritime hub for both global trade and decarbonization.
Scaling up SAF production with Fischer Tropsch technology
Johnson Matthey announced that DG Fuels has selected its award-winning Fischer Tropsch CANS technology – co-developed with bp – for DG Fuels’ first SAF plant in St. James Parish, Louisiana (U.S.).
Yokogawa upgrades the CENTUM VP integrated production control system
Yokogawa Electric Corporation announced the May 31, 2024 release of CENTUM™ VP R6.11.10, an enhanced version of the CENTUM VP integrated production control system that is a core product in the OpreX™ Control and Safety System family of solutions.
- NAPCOR releases 2024 PET recycling report highlighting system efficiency gains and continued strength of PET circularity 12/12
- OQ courts other partners for petrochemical complex in Oman as SABIC drops out 12/12
- Brazil's BNDES approves $71 MM for carbon storage project 12/12
- Cuba on edge as U.S. seizure of oil tanker puts supply at risk 12/12
- China oil demand to plateau between 2025 and 2030 12/12
- Germany's PCK refinery says no impact from pipeline leak 12/12
