Economics
BASF to cease operations on three plants at the Ludwigshafen site in 2025
BASF will end the production of adipic acid, cyclododecanone (CDon) and cyclopentanone (CPon) at the Ludwigshafen site in 2025. The company has taken this decision as part of the ongoing strategic review of its production setup at the Ludwigshafen site to ensure competitiveness under changing market conditions.
Asia 10-ppm gasoil refining margins near 18-month low on clouded outlook
Asia's 10-ppm sulfur gasoil refining margins have slumped to a near 18-month low amid mixed market outlooks as well as softer ICE gasoil futures and prompt paper swaps.
Qatar in talks on possible purchase of Rosneft stake in German refinery
Qatar is in talks with the German government over possibly buying Russian energy group Rosneft's stake in Germany's PCK Schwedt refinery, which Berlin placed under trusteeship following Russia's invasion of Ukraine.
U.S. crude, gasoline stockpiles fall on stronger demand
U.S. crude oil and gasoline inventories fell last week as demand picked up ahead of Labor Day weekend and the end of the summer driving season.
Russia suspends publishing monthly fuel stats
Russia's state statistics service Rosstat said on Wednesday it was suspending publication of oil products output data.
ADNOC deploys pioneering AI-enabled process optimization technology
Following successful initial operations, ADNOC announced the deployment of an industry leading artificial intelligence (AI)-enabled process optimization technology--Neuron 5--across all ADNOC facilities across thousands of critical pieces of equipment essential for production, including compressors, valves and generators.
Review steam system designs to accelerate chemical industry decarbonization
Industrial steam systems range from simple systems comprising a low-pressure single steam user to a complex system with multiple pressure levels, multiple generators and multiple users integrated with an onsite cogeneration facility. This article will present the typical CO2 emissions estimates for chemical and petrochemical facilities and describe options available to reduce these emissions through additional heat integration, fuel switching, and the use of heat pumps and electric boilers.
The attractive market opportunity for synthetic graphite: Graphite as an energy transition material (4)
Given the attractive demand projection, investors must understand the benefits and return on investment for natural and synthetic graphite routes. This article establishes the pros and cons for each, and specifically highlights the emerging opportunity for upgrading and repurposing smaller petcoke units to needle coke units, therefore contributing to fulfilling the rising demand for synthetic graphite.
Utilize a hydrogen reactions lab to optimize renewable fuels processing
Leading technology developers in the refining space are utilizing various catalysts to enhance the adjusted reaction chemistry, but this does not directly address how to optimize hydrogen utilization for the hydrodeoxygenation and isomerization/cracking processing steps. To ensure the right equipment outlay and calibration for these hydrogenation applications, replicating the process in a lab setting can help identify efficiencies and yield improvements for a fraction of the cost that a refiner would incur attempting to achieve that optimization through modifications at commercial scale.
Olin Corporation lifts systemwide force majeure for chlor-alkali products
Olin Corporation, a leading global manufacturer of chemical products and ammunition, announced that it has lifted its systemwide force majeure on chlor-alkali products declared on July 10, 2024.
- Portugal's Galp plans to start producing biofuels in 2026 12/20
- Prax and Shell call off deal on stake in PCK Schwedt oil refinery 12/20
- Nigeria's Dangote Refinery hits 85% refining capacity 12/20
- India's BPCL buys first Argentinian crude oil cargo for Feb. delivery 12/20
- Sinopec's Zhenhai oil refinery expands capacity to 40 MMtpy 12/20
- Oil via Russia's Druzhba pipeline halted by technical problems 12/20
