Economics
LG Chem denies report it will merge naphtha cracker business with Lotte Chemical
South Korean petrochemical company LG Chem denied a media report saying it is considering merging its naphtha cracker business with rival Lotte Chemical.
Crude and gasoline stocks fell, distillate stocks rose last week, EIA says
Crude inventories fell by 6.4-MM barrels to 453.6 MM barrels in the week ended April 19, the EIA said, compared with analysts' expectations in a poll for a 825,000-barrel rise.
INERATEC secures state-of-the-art catalysts from Sasol for the production of sustainable e-fuels
INERATEC and Sasol have signed a five-year contract for the supply of Fischer-Tropsch catalysts. INERATEC will use Sasol's state-of-the-art catalysts for the production of sustainable e-fuels, e.g. for aviation.
JX to join forces with Sumitomo at large scale SAF/BECCS project in Louisiana (U.S.)
JX Nippon Oil & Gas Exploration Corporation and Sumitomo Corporation executed consortium agreements to manage investment in the Louisiana Green Fuels BECCS project at Port of Columbia, Caldwell Parish, Louisiana (U.S.).
WestJet buys first Canadian-supplied SAF by Shell Aviation
The airline said the purchase marks a milestone in its mission to achieve net zero emissions by 2050, and is a step forward in making Canada’s aviation industry more sustainable.
Technip Energies selected by Viridor to perform FEED on the Runcorn energy-from-waste carbon capture project in the UK
Technip Energies has been awarded a FEED contract by Viridor for the CCS project at one of the United Kingdom’s largest Energy-from-Waste facilities in Runcorn, United Kingdom and plans to capture around 900,000 tons of CO2 each year, half of which will be from biogenic sources, effectively removing 450,000 tons of CO2 annually from the atmosphere.
SINOPEC completes its involvement in Kazakhstan's polyethylene project
Prime Minister Olzhas Bektenov of the Republic of Kazakhstan convened a meeting with key leaders from major oil and gas chemical companies focusing on the establishment of an integrated gas chemical complex dedicated to polyethylene production.
Neste premieres at Chinaplas: showcasing possibilities of bio-based and recycled materials for plastics
Together with its partners, Neste, a producer of renewable diesel, sustainable aviation fuel and renewable feedstock for polymers and chemicals, will be showcasing plastic products made with Neste RE at this year’s Chinaplas in Shanghai from April 22 to 26.
Russia's oil refining near 11-month low
Russia's weekly oil refining hit a near 11-month low due to flooding and a slowdown in repairs to plants that were hit by Ukrainian drone attacks.
Haiti fuel terminal operations halted as gangs seize trucks
Operations at Haiti's main fuel import terminal were suspended as armed men seized trucks and demanded the port be shut down, according to a source with information on the matter, likely exacerbating existing fuel shortages.
- Digital Exclusive (sponsored): NXRe™: A novel recycling technology to support the plastics industry in creating efficient and effective circular value chains 12/22
- Portugal's Galp plans to start producing biofuels in 2026 12/20
- Prax and Shell call off deal on stake in PCK Schwedt oil refinery 12/20
- Nigeria's Dangote Refinery hits 85% refining capacity 12/20
- India's BPCL buys first Argentinian crude oil cargo for Feb. delivery 12/20
- Sinopec's Zhenhai oil refinery expands capacity to 40 MMtpy 12/20
