Economics
Vietnam's Binh Son refinery delays maintenance, expects 88% profit fall this year
Vietnam's Binh Son Refining and Petrochemical will delay the maintenance at its refinery until next year, and said it expects profits to drop 88% this year due to rising costs, including higher taxes.
European diesel refining margins at lowest since Russia's invasion
Benchmark Northwest European diesel refining margins dropped to $17.70 a barrel on Wednesday, their lowest since Feb. 25, 2022, a day after Russia launched its invasion of Ukraine.
AFPM: EPA vehicle proposal will “effectively ban gasoline and diesel vehicles,” advantaging China
EPA’s vehicle GHG proposal should be revised to account for lifecycle emissions, promote tech neutral competition and uphold consumer choice.
Petrochemical firms and Seoul city government partner to recycle plastic waste
The Seoul Metropolitan Government is partnering with domestic petrochemical companies to begin a pilot project for recycling plastic waste materials using thermal pyrolysis technology.
Lummus and RWDC Industries sign MoU accelerating PHA production at scale
Lummus Technology and RWDC Industries recently signed a memorandum of understanding to cooperate on global PHA deployment initiatives.
Maire Tecnimont completes the acquisition of the majority stake of Conser, expanding its technology portfolio in bio-degradable plastics
Maire Tecnimont S.p.A. announces that, through its subsidiary NextChem Holding S.p.A., it has finalized the acquisition of an 83.5% stake of Conser, a technology licensor and process engineering design company based in Rome, Italy.
Biden-Harris administration proposes strongest-ever pollution standards for cars and trucks
The U.S. Environmental Protection Agency announced new proposed federal vehicle emissions standards that will accelerate the ongoing transition to a clean vehicles future and tackle the climate crisis.
“Shark Tank” star Kevin O’Leary vows to build $14-B oil refinery in the US
Kevin O’Leary, star of “Shark Tank” and chairman of O’Leary Ventures announced his plans to build a $14-B oil refinery with the goal of reigniting America’s energy independence.
BASF gains ISCC PLUS certification to expand its VALERAS offerings for plastic additives
BASF announced that it has received the International Sustainability and Carbon Certification PLUS for certain grades of plastic additives produced at its manufacturing sites in Switzerland and United States.
Axens has acquired stakes in the BioTJet project for the production of SAF in France
Axens has acquired stakes in the BioTJet project, the aim of which is to build and operate the largest European SAF production unit relying on the BioTfueL technology
- Kumho Mitsui Chemicals to increase capacity of MDI production facilities 12/15
- ABS, Eneos, NYK Line and Seacor Holdings launch joint study to develop a methanol marine fuel supply network in the U.S. 12/15
- ENEOS accelerates AI-driven materials discovery of immersion cooling fluids and novel catalysts Using NVIDIA ALCHEMI 12/15
- SAMSUNG E&A wins FEED contract for nearly $5-B SAF plant in the U.S. 12/15
- KBR wins green ammonia project by IGNIS in Spain 12/15
- Phillips 66 announces $2.4-B capital budget for 2026 12/15
