Economics
Axens builds on ExxonMobil MTBE Decomposition Technology for high purity isobutylene production
ExxonMobil Catalysts and Licensing LLC and Axens have signed an exclusive licensing alliance agreement allowing Axens to include ExxonMobil’s MTBE Decomposition Technology for high purity isobutylene in its portfolio.
BASF Venture Capital invests in startup DePoly SA
BASF Venture Capital GmbH announced an investment in the Swiss startup DePoly SA, a sustainable plastic solutions provider developing a unique chemical recycling technology.
Kent wins FEED contract for ExxonMobil’s large-scale plastic waste advanced recycling program
Kent has been appointed as the Front-End Engineering Design contractor for potential expansion of ExxonMobil’s advanced recycling facilities.
Lummus Technology and MOL Group establish partnership for advanced waste plastic recycling
Lummus Technology and MOL Group have announced their agreement to cooperate in the deployment and integration of chemical recycling of plastics at MOL's assets in Hungary and Slovakia.
BASF and thyssenkrupp Uhde cooperate to reduce greenhouse gas emissions
BASF and thyssenkrupp Uhde announced their cooperation in the marketing and further development of catalyst and process design for thyssenkrupp Uhde’s leading EnviNOx technology for N2O and NOx abatement.
INEOS Energy charters two LNG carriers to create virtual LNG pipeline from the U.S. to Europe
INEOS Energy Trading has today signed agreements with Mitsui O.S.K. Lines for two new build LNG carriers, to be used for the import of LNG into Germany from the United States.
Maersk orders six methanol-powered container vessels
Shipping group A.P. Moller-Maersk said it had ordered from China's Yangzijiang Shipbuilding Group six mid-size container vessels capable of running on green methanol.
Indonesia plans to hike biodiesel mandate in next few years
Indonesia plans to raise its mandatory palm oil-based biodiesel blending to 40% in the next few years, but for now will keep it unchanged at 35%, the country's energy minister said.
Renewables growth did not dent fossil fuel dominance in 2022
Global energy demand rose 1% last year and record renewables growth did nothing to shift the dominance of fossil fuels, which still accounted for 82% of supply, the industry's Statistical Review of World Energy report said.
Nigeria's NNPC spends $2.41 B on petrol subsidy
Nigeria's petrol subsidy cost state oil firm NNPC Ltd $2.41 B in the five months through May before the program was scrapped, a report showed.
- 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
