Economics
Biden-Harris admin funds homegrown biofuels in California, investing in America agenda
U.S. Department of Agriculture Rural Development California State Director Maria Gallegos Herrera announced that USDA plans to invest up to $500 MM from President Biden’s Inflation Reduction Act to increase the availability of domestic biofuels and give Americans additional cleaner fuel options at the pump.
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.
- Emerging Fuels Technology awarded technology licensing contract for seawater CO2-to-SAF conversion plant 1/24
- Yokogawa, UptimeAI partner to enhance asset performance management in industrial plants 1/24
- Drake purchases PureCycle resin following successful production of continuous filament yarns 1/24
- Freija develops large-scale clean fuel production in the Tampere region 1/24
- Yokogawa and UptimeAI partner to deliver operational excellence through AI-powered APM 1/24
- Fortescue Energy CEO says green H2 cost is key as demand drops 1/24
