Economics
Borouge expands global presence with new offices in Kenya and South Korea
Borouge announced that it has established offices in Kenya and South Korea as part of its strategic initiative to expand its market share in high-growth geographies.
OQEMA and BASF collaborate on amines in the UK and Ireland
BASF has strengthened its partnership with OQEMA, one of Europe’s leading chemical distributors, with regard to BASF’s standard amines portfolio excluding ethanolamines in the UK and Ireland, effective January 1, 2024.
Biden-Harris administration (U.S.) allocates $366 MM to reduce energy costs and boost security in rural areas nationwide
As part of President Biden’s Investing in America agenda, the U.S. Department of Energy announced more than $366 MM for 17 projects across 20 states and 30 Tribal Nations and communities to accelerate clean energy deployment in rural and remote areas across the country.
China's aviation fuel demand expected to rise 13% in 2024
China's aviation fuel consumption is likely to expand 13.1% this year on a surge in passenger travel, but its crude oil imports may stay flat, according to forecasts by a research arm of state energy giant China National Petroleum Corp.
European airlines secure supplies of low-carbon jet fuel
European airlines are signing SAF deals needed to meet carbon-reduction targets set by the European Union.
U.S. biofuel credit prices hit 3-year low, expected to stay weak, EIA says
U.S. biomass-based diesel and ethanol compliance credit prices have slumped to three-year lows on declining feedstock costs and are set to stay low as renewable diesel output rises.
ACC comments on 45V clean hydrogen production tax credit proposal
The American Chemistry Council issued the following statement after submitting comments to the Internal Revenue Service in response to the Section 45V Clean Hydrogen Production Tax Credit Notice of Proposed Rulemaking.
NETL discovers breakthrough scaling approach for circulating fluidized bed technology
NETL researchers have developed a new scaling methodology for measuring and understanding the performance of key elements used in circulating fluidized bed technologies (CFB) that can speed the development of CFBs for more widespread use.
Indonesia sees 2024 biodiesel consumption rising to 11 MMt
Indonesia's unblended biodiesel consumption in 2024 is seen rising to 11 - 11.4 MMt from 10.7 MMt last year, leading to a possible fall in palm oil exports.
Russia bans gasoline exports for 6 months from March 1
Russia ordered a six-month ban on gasoline exports from March 1 to keep prices stable amid rising demand from consumers and farmers and to allow for maintenance of refineries in the world's second largest oil exporter.
- Kumho Mitsui Chemicals to increase capacity of MDI production facilities 12/15
- ABS, Eneos, NYK Line and Seacor Holdings launch joint study to develop a methanol marine fuel supply network in the U.S. 12/15
- ENEOS accelerates AI-driven materials discovery of immersion cooling fluids and novel catalysts Using NVIDIA ALCHEMI 12/15
- SAMSUNG E&A wins FEED contract for nearly $5-B SAF plant in the U.S. 12/15
- KBR wins green ammonia project by IGNIS in Spain 12/15
- Phillips 66 announces $2.4-B capital budget for 2026 12/15
