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Economics

European diesel refining margins rise after Yemen air strikes

Benchmark northwest European diesel refining margins rose to above $30 a barrel as intensifying conflict in the Red Sea increased concerns about potential supply disruptions.

Emerson named ‘Industrial IoT Company of the Year’

Global technology and software leader Emerson has been named the IoT Breakthrough “Industrial IoT Company of the Year” for the sixth year.

Infinium and Mo Industrial Park announce collaboration to develop commercial eFuels project in Northern Norway

eFuels provider Infinium and Mo Industrial Park have signed a Memorandum of Understanding to develop Norway’s first advanced eFuels production facility in Mo i Rana, Norway.

Kuwait's KPC offers high sulfur fuel oil for Feb-Apr

Kuwait Petroleum Corp has issued a semi-term tender offering high sulfur fuel oil for loading between February and April.

Singapore's middle distillates stocks at 5-mth low on higher jet fuel/kerosene exports

Singapore's middle distillates stockpiles hit a five-month low as higher jet fuel/kerosene exports outweighed declines in gasoil/diesel exports.

Alberta examines options for its investment in the Sturgeon Refinery

Alberta Premier Danielle Smith is exploring options to address the province's recent losses stemming from the Sturgeon Refinery.

Borouge signs $44-MM supply agreement with NAFFCO

Borouge Plc announced the signing of a $44-MM agreement with NAFFCO to supply NAFFCO’s local and regional infrastructure projects with Borouge’s innovative and sustainable polyethylene materials.

Lummus strengthens position in circular economy

Lummus Technology announced a major investment in Resynergi, a pioneering leader in plastic recycling technology, to scale production of Resynergi's modular Continuous Microwave Assisted Pyrolysis technology.

Celanese begins carbon capture and utilization operations at Clear Lake, Texas (U.S.) facility

Celanese Corporation announced it has begun running a carbon capture and utilization project at its Clear Lake, Texas (U.S.), site as part of its Fairway Methanol joint venture with Mitsui & Co., Ltd.

Nextchem to create an "e-Factory for carbon-neutral Chemistry" with Newcleo

MAIRE announces that NEXTCHEM, through its subsidiary NextChem Tech, thanks to its expertise in chemistry and electrochemistry, has launched a new model for “e-Factory for carbon-neutral Chemistry”.

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