Economics
Caught between riots and debt crises, African countries cut fuel subsidies
Senegal, like Nigeria and Angola, is removing costly fossil fuel subsidies – a move once considered politically unthinkable but which has become a necessity due to crushing debt, a spike in borrowing costs and high fuel prices.
India tops Russian Urals oil purchases in June as China retreats
India bought 60% of all Russian Urals oil exports in June with strong demand from all refiners, while shipments to China dropped to just 7% as independent refiners slowed buying, trading sources and data showed.
Russia's seaborne diesel exports rise in June as maintenance eases
Russia's seaborne diesel and gasoil exports in June rose by 13% from a month earlier to about 3.6 million tons as seasonal refineries maintenance eased, data from traders showed.
Topsoe technology supports HF Sinclair’s renewable fuels production in the United States
Topsoe was selected by HF Sinclair as a technology provider for their production of renewable fuels at three facilities: Sinclair, Cheyenne and Artesia.
Japan's NYK, GCMD sign 5-year agreement for low-carbon shipping collaboration
Japan's leading shipping company NYK has signed a 5-year contract with the Global Centre for Maritime Decarbonisation to collaborate on low-carbon solutions for shipping.
LG Chem: considering ways to lift competitiveness of petrochemical business
South Korean petrochemical operator LG Chem said it is considering various ways of improving the company's competitiveness.
Syclus selects Axens for Europe's first ethanol-based renewable ethylene plant with Atol technology
Syclus intends to build and operate a plant for the production of renewable ethylene from sustainable ethanol in Chemelot Industrial Park, Geleen, The Netherlands and will rely on Atol technology from French company Axens.
Technip Energies acquires Processium to fast-track technology development for net zero goals
Technip Energies announces the acquisition of Processium, an expert company in process development, equipped with laboratory and piloting facilities located in Lyon, France.
MAN Energy Solutions and Shell join forces to drive decarbonization solutions
MAN Energy Solutions and Shell have agreed a Memorandum of Understanding to explore the potential of combining their individual competencies and technologies to achieve their climate goals and support their customers in their decarbonization efforts.
New bike bag lowers CO2 footprint with recycled end-of-life tire materials
BASF and baesiq cooperate in the production of sustainable bags
- Borouge reaffirms commitment to local manufacturing with new industry supply agreements 1/10
- Update: Turkey's Izmir refinery now expects to restart crude unit in Feb, IIR says 1/10
- Pertamina unit to produce ISCC-certified SAF in 1Q 1/10
- WTO panel largely backs EU in palm oil case against Indonesia 1/10
- Howard Energy Partners acquires ethylene pipeline from EPIC Midstream Holdings 1/10
- U.S. to impose further sanctions on Russian oil fleet and traders 1/10
