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Economics

Britain's Harbour Energy, bp to develop Viking CCS project

Harbour Energy, Britain's largest oil and gas producer, said on Tuesday it has entered into an agreement with bp to develop the Viking CCS transportation and storage project.

China chemical groups seek Beijing nod for $10-B Indonesia refinery

Two Chinese polyester fiber makers are seeking Beijing's approval to build a $10-B refinery and petrochemical complex in Indonesia.

Lummus' Novolen technology expands portfolio for enhancing recycled polymers

Lummus Technology announced the addition of Novolen Enhance performance polypropylene polymers, a family of products that enhance the properties of recycled polymers.

Evonik sells Lülsdorf site to ICIG

Evonik is selling its site in Lülsdorf, Germany and the associated cyanuric chloride business in Wesseling, Germany to International Chemical Investors Group.

Brazil inflation seen staying high in March on rising gasoline costs

Brazil's inflation likely stayed high in March on rising gasoline bills, reigniting cost of living problems in the country's stagnant economy and probably stoking more disagreement over policy.

EU draws criticism as it proposes green label for some aviation investments

The European Commission has proposed labelling certain investments in aviation as green, after a months-long row over whether to add the sector to the EU's list of sustainable investments.

Western curbs on Russian oil products redraw global shipping map

Global fuel suppliers are turning to longer and costlier routes that produce more carbon emissions to move their diesel and other products as Western restrictions on Russian cargoes have reshuffled global energy shipping patterns.

Global diesel prices fall as economic slowdown intensifies

Global prices for middle distillates such as gas oil and diesel are falling as the economy slows, more refineries come onstream, and exports from Russia are re-routed and replaced by fuel from the Middle East.

KHIMOD and Elyse Energy team up to produce SAF through collaborative project AVEBIO

AVEBIO aims at demonstrating the production of sustainable e-fuels for air transport based on the yet-to-valorize CO2 of a biofuel production unit.

Indonesia must jump ethanol feedstock hurdle to repeat biodiesel success

Indonesia, the world's biggest palm oil biodiesel user, is now working to introduce bioethanol mandates for gasoline to further cut fuel imports and carbon emissions, but it will first have to secure more bio feedstock and solve thorny technical problems.