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Economics

Yokogawa releases OpreX carbon footprint tracer to support decarbonization in the process manufacturing industries

Yokogawa Electric Corporation announced the development and release of OpreX Carbon Footprint Tracer, a solution in the OpreX Transformation lineup that targets the carbon footprint management needs of companies in the process manufacturing industries.

Biomass-based diesel and ethanol compliance credit prices decline 45% from start of year

The price of compliance credits for biomass-based diesel and ethanol has decreased about 45% since the start of the year, when prices were already the lowest in about three years.

MMA production via ACH Process and acrylonitrile-related production discontinued at Hiroshima, Japan plant, withdrawal from certain businesses to follow

The Mitsubishi Chemical Group hereby announces that it has decided to discontinue MMA monomer production by the ACH process as well as the production of acrylonitrile and acrylonitrile derivatives at the Mitsubishi Chemical Hiroshima Plant.

hte provides first high throughput unit to Shanghai Institute of Cleantech Innovation

hte was awarded a tender by Shanghai Institute of Cleantech Innovation to supply a 16-fold high throughput test system for Fischer-Tropsch catalyst evaluation.

MAMII expands membership with Chevron, Seapeak, and TotalEnergies joining the initiative

Leading energy companies TotalEnergies and Chevron, and major gas carrier Seapeak, have joined the Methane Abatement in Maritime Innovation Initiative, led by SafetyTech Accelerator.

NextChem secures contract for new urea plant in Egypt

MAIRE announces that NextChem, through its nitrogen technology licensor Stamicarbon, has been awarded a licensing and equipment supply contract for a state-of-the-art urea melt and granulation plant in Egypt for El-Nasr Company for Intermediate Chemicals.

Vietnam aims to produce 100,000-500,000 tons of hydrogen a year by 2030

Vietnam aims to produce 100,000-500,000 metric tons of hydrogen a year by 2030 as part of its energy transition efforts, according to the country's hydrogen development strategy adopted earlier this month.

Spain's Cepsa, Apical begin work on Southern Europe's biggest biofuels plant

Spain's Cepsa and Apical Group's Bio-Oils unit began building what will be Southern Europe's largest biofuels plant able to produce 500,000 metric tons of renewable diesel and SAF per year, the companies said.

Motiva's Texas (U.S.) coker to restart in next two weeks, say sources

Motiva Enterprises plans to restart the large coker at its 626,000-bpd Port Arthur, Texas, refinery within the next two weeks.

Yemen's Houthis target fuel tanker Torm Thor in Gulf of Aden

Yemen's Houthis targeted MV Torm Thor, a U.S.-flagged, owned, and operated oil tanker, in the Gulf of Aden, the Iran-aligned group's military spokesman Yahya Sarea said, as the militants continue to attack shipping lanes in solidarity with Palestinians in Gaza.