Economics
New acrylic resin material for automotive bodies under joint development with Honda
The Mitsubishi Chemical Group is pleased to announce that it and Honda Motor Co., Ltd. are jointly developing PMMA material for automotive body parts.
thyssenkrupp Uhde awarded contract by ENOWA to supply a green methanol and methanol-to-gasoline plant
thyssenkrupp Uhde has been awarded a contract by ENOWA, NEOM’s energy and water company, for engineering services and the supply, design and procurement of equipment for a new CO2-to-methanol and methanol-to-gasoline demonstration plant at ENOWA’s Hydrogen Innovation and Development Center in Saudi Arabia.
Neste sees Singapore green jet fuel sales picking up from Q2 2024
Finland's Neste beat third-quarter core earnings forecasts and said SAF sales from its new Singapore facility would pick up from the second quarter of next year.
Axens, IFPEN, and JEPLAN commence operations at the Rewind PET facility in Japan for PET chemical recycling
Axens, IFPEN and JEPLAN entered into a partnership in 2020 to develop and license an innovative recycling process, called Rewind PET, that can be used to recycle all types of waste Polyethylene Terephthalate, especially those difficult to recycle mechanically.
Ecopetrol CEO says oil industry's future not threatened by energy transition
Colombia's oil and gas industry is not coming to an end due to the transition to cleaner energy in response to a union statement which alleged executive decision-making is threatening the majority state-owned company's future.
Venezuela's PDVSA signs new euro-denominated fuel contracts amid U.S. sanction easing
Venezuela's PDVSA has signed at least two new spot contracts to export fuel oil and asphalt cement, demanding prepayment in euros from customers as the state-run oil company begins to turn to cash sales after the U.S. eased sanctions.
U.S. crude, gasoline stockpiles rise as refiners run less oil
U.S. crude oil stockpiles jumped last week as refinery utilization dropped, while gasoline inventories posted a surprise build.
Petoskey Plastics receives NOL from FDA for food-contact PCR-LLDPE
Petoskey Plastics has received a No Objection Letter from the U.S. Food and Drug Administration confirming the capability of its secondary recycling process to produce post-consumer recycled linear, low-density polyethylene material that is suitable for food-contact applications.
Thailand soars from 11th to 8th in global LNG import rankings with 25% surge
Thailand has jumped from eleventh to eighth in the world ranking for imports of LNG, after purchases through October soared 25% from the same period in 2022.
China sets minimum size for new refiners as it caps overall capacity
China has set a minimum size for new oil refineries and will ban small crude processors that claim to be chemicals or bitumen producers under its plan to limit total capacity at 1-B metric tons by 2025.
- AVTL to develop ammonia terminal in Pipavav, India 6/20
- Chevron seeks buyers for 50% stake in Singapore refinery 6/20
- Asian refiners seek more Mideast oil after spot premiums jump on Israel-Iran conflict 6/20
- Mexican authorities discover clandestine mini-refinery in crackdown of illegal hydrocarbon trade 6/20
- Italy's Eni eyes new unit to manage oil refineries 6/20
- Inatech's Techoil implemented by Flint Hills Resources for a modern, integrated future 6/20
