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Editorial Comment: Juggling the increasing global demand for thermoplastics vs. reducing their environmental

Hydrocarbon Processing Staff: Nichols, Lee

If you were to review any forecast for global thermoplastics demand to 2050—high-density polyethylene (PE), low-density PE, polypropylene, polyvinyl chloride and polyethylene terephthalate, among others—chances are that you will see a steady rise in consumption.

Colorado refinery outage causing increased fuels pricing

The only petroleum refinery in Colorado shut down in late December after sustaining damage from extremely cold weather, which may tighten gasoline and diesel fuel supplies in the region.

Brazil to resume taxes on fuels

The Brazilian government is set to resume the collection of federal taxes on fuels this week, the Finance Ministry said on Monday.

How a ban on Russian crude affects EU's refining industry

A look at how a ban on Russian crude affects oil exports and the EU's refining industry

CNPC shuffles regional offices to better support global portfolio

China's CNPC has completed a months-long reshuffle with the addition of six regional offices that report to Beijing headquarters to better coordinate and supervise its sprawling global portfolio.

Biden administration releases $2.5 B for carbon capture programs

The Biden Administration announced $2.52 B in funding for two carbon management programs to catalyze investments in transformative carbon capture systems and carbon transport and storage technologies.

U.S. crude oil inventories rose as utilization drops

U.S. crude oil inventories rose for the ninth week in a row, surging to their most since May 2021, as refiners ran less oil during a strong maintenance season.

Kuwait to ramp up refined products exports from the 615,000-bpd Al Zour refinery

Kuwait is set to ramp up refined oil product exports from its new Al Zour refinery in the second half of 2023 to plug Russian shortfalls in Europe and meet growing demand in Asia and Africa.

United Airlines launches $100-MM SAF investment fund

United Airlines launched a more than $100 MM investment fund to support start-ups focused on the research and production of sustainable aviation fuel (SAF).

Bangladesh needs $1 B to import fuel oil and avert an energy crises

Bangladesh's private power producers will need $1 B in foreign currency to import fuel oil and avert an energy crisis this summer.

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