Economics
Technip Energies awarded a contract for a low-CO2 mega ethylene plant for Huizhou Phase III Project in China
Technip Energies has been awarded a contract by CNOOC and Shell Petrochemicals Company Ltd. (CSPC) for the Huizhou Phase III project, a mega liquid ethylene cracker located in Huizhou, Guangdong Province, China.
Finnair reduces carbon emissions from flights departing Helsinki Airport with Neste MY Sustainable Aviation Fuel
Finnair has purchased 750 tons of Neste MY Sustainable Aviation Fuel from Neste to reduce the carbon emissions from flights departing from Helsinki Airport in Finland.
McDermott Awarded EPsCm Contract from Slovnaft
McDermott has been awarded an engineering, procurement services and construction management (EPsCm) contract from Slovnaft, a.s., for the steam cracker intensification off-gas processing project at its plant in Bratislava, Slovakia.
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.
- 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
