Environment

European chemical industry pessimistic for 2025, recovery not until 2026 says new report

After a sobering business year in 2024 ("lost year"), the leading European chemical companies are still not forecasting any significant recovery for 2025. A cautiously positive development is only expected in the second half of the year - provided that a global trade war or a lack of economic recovery do not thwart the forecast.

ABS approves first of its kind LCO2 barge for U.S. operation

ABS has awarded approval in principle (AIP) to Overseas Shipholding Group Inc. (OSG), the parent company of Aptamus Carbon Solutions, for its preliminary design of a liquefied carbon dioxide (LCO2) barge.

Petroecuador declares emergency at Ecuador's biggest refinery after fire damages

Ecuador's state oil producer Petroecuador declared a 60-day emergency at the South American nation's largest oil refinery, its second emergency in one month, after a fire this week caused damage to some fuel tanks.

Sinopec sets up $690-MM hydrogen-energy-focused venture capital fund

China’s state oil and gas major Sinopec has established a venture capital fund focused on hydrogen energy, with an initial size of 5 billion yuan ($690 MM).

Hitachi Energy provides solution for Chinese green hydrogen-ammonia-methanol integrated project

Hitachi Energy has delivered rectifier transformers for electrolytic hydrogen to a hydrogen industry park built by China Energy Engineering Corporation (CEEC) in Songyuan, a city in northeast China.

Digital Feature: FuelEU: A growth opportunity for U.S. Midwest ethanol producers

Overcome cost and infrastructure barriers to implementing direct-air carbon capture in refining operations

This article explores the key cost and infrastructure barriers to implementing direct-air carbon capture (DACC) systems in refining operations and outlines actionable steps to overcome them.

Uniper, thyssenkrupp Uhde partner to build large-scale ammonia cracker in Germany

thyssenkrupp Uhde and Uniper are entering into a strategic partnership to bring a key technology for global hydrogen trading to industrial maturity: the large-scale ammonia cracker. In a first step, a demonstration plant with a capacity of 28 tpd ammonia will be built at Uniper’s Gelsenkirchen-Scholven site in Germany.

Libya says oil leak occurs in pipeline south of Zawiya city

An oil leak forced the shutdown of a pipeline south of Libya's city of Zawiya, the National Oil Corporation (NOC) said on Saturday.

Eni in talks with GIP for sale of 49.99% of carbon capture unit

Eni has entered exclusive talks to sell a 49.99% stake in its carbon capture, utilization and storage (CCUS) business to BlackRock's infrastructure fund GIP.