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Economics

Yokogawa upgrades the CENTUM VP integrated production control system

Yokogawa Electric Corporation announced the May 31, 2024 release of CENTUM™ VP R6.11.10, an enhanced version of the CENTUM VP integrated production control system that is a core product in the OpreX™ Control and Safety System family of solutions.

Biden administration's (U.S.) initial SAF subsidy model to raise climate hurdle for ethanol

The Biden administration will release a preliminary climate model for its SAF subsidy program in the coming weeks that is more restrictive than what the corn-based ethanol industry had expected.

OCP and Fortescue to partner to develop green energy, hydrogen and ammonia in Morocco

OCP Group and Fortescue Energy announced a landmark JV in Morocco which aims to supply green hydrogen, ammonia, and fertilizers to Morocco, Europe, and international markets.

Bureau Veritas awards Approval In Principle for methanol dual fuel system to Sasaki Shipbuilding

Bureau Veritas has granted an Approval in Principle to Sasaki Shipbuilding Co., Ltd for its methanol dual fuel system applied in a 9,000 DWT General Cargo Ship.

U.S. refiners and chemical manufacturers lead hydrogen production and consumption

U.S. manufacturers specializing in chemicals and petroleum refining have traditionally accounted for the largest shares of both hydrogen consumption and production, and they pay the least for it.

Optimize Carbon Capture Projects to Meet Net-Zero Targets

The race to a zero-carbon future is on, and carbon capture and storage (CCS) technology has a critical role to play in achieving global sustainability goals.

Vietnam's Long Son Petrochemicals Complex to commence commercial operations in Q3 2024

The Long Son Petrochemicals Co. Ltd. has confirmed that its Long Son petrochemical complex in Ba Ria - Vung Tau province is set to start commercial operations in the third quarter of 2024.

Cenovus Energy pumps $1.5 B into Ohio refineries, plans expansion

Cenovus Energy commits to bolstering its operations in Ohio, with plans for a substantial injection of over $1.5 B into the region over the next half-decade.

German coalition agrees financing details of hydrogen network

Germany's ruling coalition agreed a financing mechanism for the country's future hydrogen network, extending a deadline for it to be built by five years to 2037 and offering protection for investors in case of bankruptcy.

EverWind Fuels announces completion of FEED for its 1st Phase 240,000-tpy green hydrogen-to-green ammonia plant

EverWind Fuels announced the completion of Front-End Engineering Design and Front-End Loading Engineering with Black & Veatch for its Phase 1 Green Hydrogen to Green Ammonia project in Point Tupper, Nova Scotia.