Economics
Russian oil refining capacity idled by drones reaches 14% of total
Russia's oil refining capacity that was shut down by drone attacks has reached 14% of total.
Petroperú selects Honeywell cybersecurity solutions to bolster cyber resiliency
Honeywell announced that Petróleos del Perú S.A., one of the largest hydrocarbon producers, refiners and distributors in Peru, will implement Honeywell cybersecurity solutions in order to help Petroperú strengthen the cyber resiliency of its refinery operations and accelerate its broader digital transformation.
ABB and Cap Clean Energy collaborate to help SAF production take off
ABB has signed an agreement with Cap Clean Energy to collaborate on SAF production sites in the Canadian provinces of Manitoba, Saskatchewan and Alberta.
Cathay Pacific elevates decarbonizing aviation with new SAF target
Cathay has further demonstrated its unwavering dedication to decarbonizing the aviation industry, setting a new target to improve its carbon intensity by 12% from the 2019 level by 2030 using SAF.
JERA, ExxonMobil to explore development of hydrogen and ammonia production project in U.S.
JERA, Japan's top power generator, said it has agreed with ExxonMobil to jointly explore the development of a U.S.-based low-carbon hydrogen and ammonia production project.
U.S. Department of Energy invests $200 MM in Technip Energies and LanzaTech for decarbonized ethylene facility
Technip Energies and LanzaTech are negotiating $200 MM in funding to develop technology for sustainable ethylene production, cutting emissions and creating jobs.
ExxonMobil's Karen McKee named 2024 Petrochemical Heritage Award recipient
The American Fuel & Petrochemical Manufacturers announced ExxonMobil’s Karen McKee—president of ExxonMobil Product Solutions Company—as the 2024 Petrochemical Heritage Award recipient for her outstanding contributions to the petrochemical community.
New investment strengthens Johnson Matthey’s position in the fluid catalytic cracking additives market
Johnson Matthey announced a multi-million-dollar investment in the fluid catalytic cracking additives space to enhance its innovation capabilities and strengthen its position in this market.
Russian domestic fuel supply up in March
The Russian energy ministry said that domestic gasoline and diesel daily supplies have increased by 13,000 metric tons and 15,500 tons respectively in March so far from February.
PetroChina's 2023 net income up 8.3% on strong fuel, gas sales
PetroChina's net profit rose 8.3% last year off record levels in 2022, as strong growth in natural gas sales and its marketing segment offset lower realized oil prices.
- MOL inaugurated its €1.3-B, 200,000-tpy polyol complex in Tiszaújváros, Hungary 5/15
- ExxonMobil completes annual maintenance at Joliet (U.S.) refinery 5/15
- China's CNCEC to build 300,000-bpd Al-Faw refinery in Iraq 5/15
- Itochu to buy green ammonia from HIVE's $5.9-B Coega facility 5/15
- Higher refinery costs could increase summer gasoline prices says US EIA 5/15
- Nextchem completes acquisition of GasConTec, adding new low-carbon hydrogen/methanol to portfolio 5/15
