Economics
China's Sinopec completes successful trial of crude to olefin technology
China's Sinopec Corp said it completed a successful trial processing crude oil directly into olefin, making the top Asian refiner one of the world's few companies that have applied the technology at an industrial scale.
Prada Group announces first investment in SAF credits in partnership with DHL Global Forwarding
Prada Group announces its first investment in SAF credits, utilizing DHL Global Forwarding’s GoGreen Plus service.
JX to join forces with Sumitomo at large scale SAF 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.).
ClassNK awards approval in principle for methanol fuel supply system developed by Mitsui E&S Shipbuilding
ClassNK reviewed Mitsubishi Shipbuilding's system conceptual design based on part A of its "Guidelines for Ships Using Alternative Fuels," integrating IMO Interim Guidelines, and issued the AiP upon confirming compliance with prescribed requirements.
Astrid Maersk arrives in Shanghai for first green methanol bunkering in China
Maersk achieved a milestone as the large methanol-enabled vessel “Astrid Maersk” berths at Yangshan port in Shanghai, for the first green methanol bunkering with simultaneous cargo and bunkering operations in China.
Maersk names second vessel of its large methanol-enabled fleet “Astrid Maersk” in Japan
In a ceremony held in Yokohama, Japan today, the world's second large methanol-enabled container vessel was named "Astrid Mærsk".
Singapore fuel oil stockpiles extend slide to five-week low
Singapore's onshore fuel oil stockpiles extended declines to a five-week low, although inventory levels continued to average higher compared to last month.
UAE's ADNOC recently eyed bp as takeover target, sources say
The United Arab Emirates' state-owned oil company recently considered buying Britain's bp but the deliberations did not progress beyond preliminary discussions.
Russian oil and products trapped on tankers hit by new Iran-related sanctions
Russian oil and products have become trapped at sea on four tankers after the U.S. hit the vessels with fresh Iran-related sanctions
Sinopec starts production at 3 MMtpy PTA plant
Chinese state-owned oil and gas giant Sinopec has started production at a 3 MMtpy PTA plant in eastern Jiangsu province.
- 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
