Economics
Talks end on Shell MiRO refinery stake sale to Czech firm
Talks on the sale of Shell Deutschland's 32.5% stake in Mineraloelraffinerie Oberrhein GmbH (MiRO) in the southern German city of Karlsruhe to Czech state-owned pipeline operator MERO have ended without an agreement.
Taiwan's Formosa plans June run cuts due to weak refining margins
Due to weak margins, Taiwan's Formosa Petrochemical Corp plans to cut run rates at its crude distillation units by 40,000 barrels per day (bpd) to 440,000 bpd in June.
Lummus Technology takes lead position in RWDC Industries, accelerating development of first commercial-scale PHA facility
Lummus Technology has taken a lead investor position in RWDC Industries' convertible bond round, further strengthening the partnership between the two companies to bring polyhydroxyalkanoates (PHA) to the global market.
DuPont announces plan to separate into three separate companies
DuPont announced a plan to separate into three distinct, publicly traded companies.
EIA: U.S. crude stocks, gasoline and distillate inventories rise
U.S. crude stocks, gasoline and distillate inventories rose last week, the U.S. Energy Information Administration (EIA) said on Wednesday.
IATA launches FueIIS: Advanced fuel efficiency analytics solution
The International Air Transport Association (IATA) announced the launch of IATA FuellS, an advanced analytics solution to optimize airline fuel consumption, using aggregated and anonymized flight and fuel data.
Turning turnarounds into a competitive advantage through a digital ecosystem
This article, written by ExxonMobil, details how the company uses a digital reality ecosystem to optimize maintenance and turnarounds.
Goldman Sachs: Global LNG market to grow by 50% by 2029
Growth in oil investment shows signs of peaking in non-OPEC countries, while investment in liquified natural gas (LNG) is expected to increase more than 50% by 2029, according to Goldman Sachs Research.
BASF sells bioenergy enzymes business to Lallemand
BASF has sold its bioenergy enzymes business to Lallemand's subsidiaries, Danstar Ferment AG and Lallemand Specialties Inc. This includes the Spartec® product portfolio and related technologies in development.
EIA: U.S. diesel demand for March hits 26-yr seasonal low
U.S. diesel demand fell to its lowest seasonal level in March since 1998, while crude oil output rose to a multi-month high, according to data from the U.S. Energy Information Administration (EIA).
- HIF Global and German eFuel One GmbH sign HoA for e-methanol offtake 2/20
- Venezuela's refineries boost processing to 35% of capacity 2/20
- New Trinidad gas projects could provide necessary feedstock for country's petchem and LNG sectors 2/20
- MK-Polymer delivers ethylene-propylene rubber to JSC Kazenergokabel 2/20
- Mexican authorities shut down 22-m long tunnel used in illegal smuggling of fuel supplies 2/20
- Digital Feature: First-stage ejector nozzle retrofit achieves meaningful performance improvement 2/20
