Environment

Chevron invests in carbon capture and removal technology company, ION Clean Energy

Chevron New Energies, a division of Chevron U.S.A. Inc., announced a lead investment in ION Clean Energy, a Boulder-based technology company that provides post-combustion point-source capture technology through its third-generation ICE-31 liquid amine system. ION raised $45 MM in Series A financing led by CNE.

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.

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.

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.

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.

Phillips 66 on track to achieve full renewable diesel production at Rodeo facility

Independent U.S. oil refiner Phillips 66 said it is in the final stages of converting an oil refinery in California into a renewable fuel plant with a capacity of 50,000 bpd by the end of the second quarter of 2024.

Parkland's Burnaby Refinery safely returned to normal operations

Parkland Corporation announced that the Burnaby refinery safely returned to normal operations on March 29, 2024, following an unplanned shutdown originating from extreme cold weather on January 12, 2024.

Borouge commits to net-zero in its operations by 2045

Borouge, a leading petrochemicals company that provides innovative and differentiated polyolefins solutions, has committed to achieving net-zero across its scope 1 and 2 carbon emissions by 2045. 

Evonik advances sustainable production with green electricity for specialty acrylates

Evonik’s Coating & Adhesive Resins Business Line has achieved a significant reduction in carbon emissions by powering the production of DEGACRYL specialty acrylates in Darmstadt with electricity from renewable sources.

Improve energy efficiency of assets