Economics
Aspen Technology introduces new strategic planning for sustainability pathways solution
Aspen Technology, Inc. introduced AspenTech Strategic Planning for Sustainability Pathways – a new and unique integrated modelling and optimization solution that aims to guide companies in carbon capture utilization and storage decision making and sustainability strategy investments.
Imperial Oil gets Q1 boost from higher production; refining throughput weighs
Canada's Imperial Oil saw higher profit in its first quarter on as the integrated oil firm was helped by robust production but saw maintenance activities weighing on its throughput volumes.
KBR's phenol technology selected by SABIC Fujian Petrochemicals
KBR announced it has been awarded a contract by SABIC Fujian Petrochemicals to license KBR's market-leading phenol technology in China.
Honeywell Technology helping to produce SAF with lower cost and waste
Honeywell announced its hydrocracking technology can be used to produce SAF from biomass, helping to make SAF that is 90% less carbon intensive than traditional fossil-based jet fuels.
Nigeria's NNPC partners local firm on new 100,000 bpd refinery
Nigeria's state-owned oil firm NNPC Ltd signed an agreement allowing a local refiner to build and operate a 100,000 bpd refinery within NNPC's Port Harcourt Refinery complex in the south of the country.
Stranded cargo shows credit challenges at Nigeria's Dangote refinery
Chinese state energy major PetroChina has been waiting to unload a cargo of U.S. crude at Nigeria's giant new refinery for nearly a month due to payment issues.
Low U.S. distillate consumption reflects slow economic activity and biofuel substitution
U.S. distillate consumption so far this year is lower than usual because of warm winter weather, reduced manufacturing activity, and continued substitution of biofuels in place of petroleum distillate on the U.S. West Coast.
Clariant catalysts reduce customers’ footprints by 40 million tons of CO2e in 2023
Clariant, a sustainability-focused specialty chemical company, announced impressive numbers that highlight how the use of its catalyst products enabled the avoidance of greenhouse gas emissions in 2023.
Singapore fuel oil stockpiles hit 20-week lows
Singapore's onshore fuel oil stockpiles slipped to 20-week lows after net imports declined, data showed.
BASF with solid start to the year: EBITDA before special items in first quarter of 2024 slightly above analysts’ consensus
In 2024, BASF commenced the year strongly, unveiling first-quarter figures coinciding with the Annual Shareholders’ Meeting at the Congress Center Rosengarten in Mannheim, Germany, anticipating a comparable turnout to the previous year of around 5,000 attendees.
- HIF Global and German eFuel One GmbH sign HoA for e-methanol offtake 2/20
- Venezuela's refineries boost processing to 35% of capacity 2/20
- New Trinidad gas projects could provide necessary feedstock for country's petchem and LNG sectors 2/20
- MK-Polymer delivers ethylene-propylene rubber to JSC Kazenergokabel 2/20
- Mexican authorities shut down 22-m long tunnel used in illegal smuggling of fuel supplies 2/20
- Digital Feature: First-stage ejector nozzle retrofit achieves meaningful performance improvement 2/20
