Economics
CPChem invests in Closed Loop Partners' Circular Plastics Fund
Closed Loop Partners’ Circular Plastics Fund announced Tuesday the addition of two new investors– Chevron Phillips Chemical (CPChem) and Charter Next Generation (CNG)–bringing the fund’s total capital to $45 M in an effort to support the development of plastics recycling and recovery infrastructure in North America.
Mexico's Pemex to lift crude processing to 1.2 M bpd this year
Mexican state-run oil company Petroleos Mexicanos, also known as Pemex, expects to increase its crude processing to 1.2 M bpd this year
Russia's Urals crude supply to EU via southern Druzhba rises
Russia's piped supply of Urals crude to the European Union via the southern spur of the Druzhba pipeline is set to rise 6% on a daily basis in the first quarter from the three months before.
Italy poised to decide whether to block Lukoil refinery sale
Italy's cabinet is expected to decide next week whether to use its anti-takeover powers to block the sale of a Lukoil-owned refinery to Cypriot private equity firm G.O.I. Energy.
Germany to provide 1.9 B euros for development of biofuels and e-fuels
The German Transport Ministry is providing 1.9 billion euros ($2.02 billion) for the further development and production of biofuels and e-fuels.
VPR Energy and XRG Technologies partner to halve refinery NOx emissions through new Xceed system
VPR Energy and XRG Technologies deploy new technology to halve NOx emissions from VPR’s European refinery in a world-first.
Strong plastics market and emphasis on fire hazard control to spur alumina trihydrate demand in the U.S.
The growth of the global alumina trihydrate market is attributed to its diverse application in numerous industries such as plastics, papers, paints & coatings, and others is the key factor propelling the growth.
MAN Energy Solutions ships world’s largest salt bath reactors to China
MAN Energy Solutions supplies three salt-powered reactor systems for the production of biodegradable plastic to a leading Chinese chemical company.
Dow introduces new FINGERPRINT grade for the micro irrigation market
Dow today announced the introduction of FINGERPRINT DFDA-7555 NT Bimodal Polyethylene Resin, an evolution of its legacy FINGERPRINT Polyethylene Resins.
TotalEnergies and Paprec develop the first French value chain for advanced recycling of plastic film
TotalEnergies and Paprec, leader in plastic recycling in France, have signed a long-term commercial agreement to develop a French value chain for advanced recycling of plastic film wastes.
- Carbon capture tops agenda at GPAE Conference 2025 6/17
- INEOS to cease phenol production at German site, cites high European energy costs and CO2 tax policy 6/17
- Petrobras signs $892 MM in contracts to complete RNEST Train 2 refinery expansion 6/17
- China's May refinery throughput at 9-month low on plant overhauls (1) 6/17
- bp completes turnaround work at 250,000-bpd refinery in Washington (U.S.) 6/17
- Japan's Eneos restarts 77,000-bpd Kawasaki CDU after unplanned shutdown 6/17
