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Economics

Nextchem awarded licensing, process design and catalyst supply for biodegradable plastics intermediates in China

Maire announces that Nextchem, through its biodegradable plastics technology licensor CONSER, has been awarded technology licensing and catalyst supply by a prominent client, as part of a larger project located in Northwestern China.

Norsk e-Fuel enlists Paul Wurth for FEED study on first e-fuel plant with Axens Technologies

Norsk e-Fuel selects SMS group subsidiary Paul Wurth to engineer and design one of the worldwide first industrial sized e-Fuel production sites in Mosjøen, Norway.

Neste's Finnish crude oil refinery will gradually become a hub for renewable and circular solutions

Neste has completed the strategic study launched in September 2022, and begins a gradual transformation of its crude oil refinery in Porvoo, Finland into a leading renewable and circular solutions refining hub.

Disruptions in Red Sea unlikely to have large effects on oil, LNG

The disruption to energy flows in the Red Sea is unlikely to have large effects on crude oil and LNG prices as vessel redirection opportunities imply that production should not be directly affected.

Bain-backed biofuels refiner ties up with China firm to source feedstock

Bain Capital-backed biofuels refiner EcoCeres has tied up with a waste management firm backed by the Chinese city of Shenzhen to source feedstock as it expands production of low-carbon fuels to meet fast-growing demand.

Slovakia wins EU OK on Russian oil-based products sales to Czech Republic

The European Union has granted Slovakia a one-year extension on exporting fuels produced from Russian oil to the Czech Republic.

Nextchem awarded new project in the UAE for the transformation of solid waste into SAF

Maire announces that Nextchem, through its subsidiary MyRechemical, has been awarded a feasibility study for the integration of its proprietary Waste-to-Syngas technology in a large-scale conversion plant that would transform solid municipal waste into SAF.

Coolbrook cracks naphtha, advancing zero-carbon steam cracking at its pilot plant

Coolbrook has successfully demonstrated electric steam cracking of naphtha in its large-scale pilot plant in Brightlands Chemelot Campus, the Netherlands

Venezuela's PDVSA, Spain's Repsol agree to revive oil joint venture

Venezuelan state oil company PDVSA and joint venture partner Repsol signed an agreement amending the original terms of a project in the country, aiming to revive its crude and gas output.

CNX Resources pulls out of Adams Fork ammonia project

CNX Resources said it had pulled out of the Adams Fork ammonia project and is evaluating several alternative sites in southern West Virginia for clean hydrogen projects.

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