Economics
Singapore fuel oil stockpiles at four-week low as imports drop, exports rise
Singapore's onshore fuel oil stockpiles fell to a four-week low as imports dropped and exports rose.
Henkel closes acquisition of specialized supplier for protective coating and sealing solutions
Henkel has successfully completed the acquisition of the U.S.-based Seal for Life Industries LLC from Arsenal Capital Partners.
thyssenkrupp Uhde and Genesis Fertilizers announce contract for conceptual design study for reduced-emission fertilizer plant in Canada
thyssenkrupp Uhde and Genesis Fertilizers Limited Partnership have signed a Pre-FEED contract to conceptually develop an integrated fertilizer complex to be located at Belle Plaine, Saskatchewan in Canada.
NextChem and Vallourec to merge green ammonia tech with hydrogen storage for "Power-To-X" projects
Maire announces that NextChem, through its subsidiary NextChem Tech, and Vallourec, agreed to cooperate on the integration of NextChem’s proprietary green ammonia technology with Vallourec’s Delphy hydrogen storage technology and its subsequent commercialization.
Oil India plans to start Numaligarh refinery by Dec 2025, export refined fuels
Oil India plans to start its 180,000 bpd Numaligarh refinery in the northeastern state of Assam by December 2025, its chairman Ranjit Rath said.
Taiwan's Formosa Petrochemical reopens Mailiao refinery port, restarts a crude unit after quake
Taiwan's Formosa Petrochemical restarted operations at the port at its Mailiao oil refinery after closing it as a precautionary measure following a powerful earthquake.
Turkey, Brazil remain main importers of Russian seaborne diesel
Turkey and Brazil remain the main importers of Russian seaborne diesel and gasoil since the European Union sanctions banned the import of Russian refined products.
SIAD Americas LLC established by SIAD Macchine Impianti S.p.A.
SIAD Macchine Impianti S.p.A., a wholly owned subsidiary of SIAD S.p.A., has announced the formation of SIAD Americas LLC which will be headquartered in The Woodlands north of Houston, Texas (U.S.).
Wartsila to deliver its first ammonia ship engine in early 2025
Ship engine manufacturer Wartsila expects to deliver its first ammonia-fueled engine on a new vessel in early 2025, with more widespread sales expected in the 2030s.
Haldia Petchem plans $10-B oil-to-chemical project in southern India
The Chatterjee Group in talks with local and global companies to partner with its majority-owned petrochemical firm Haldia Petrochemicals Ltd to build a more than $10-B project in southern India.
- Saudi Arabia was top buyer of Russian fuel oil and VGO in November 12/23
- 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
