Europe
Serbia says U.S.-sanctioned NIS oil refinery idle until Dec. 2, seeks sanctions waiver
The U.S. Treasury Department’s Office of Foreign Assets Control imposed sanctions on NIS in October, as part of wider sanctions against Russia's energy industry, after a series of waivers since January.
OCI Global announces sale of OCI Ammonia Holding to AGROFERT
OCI Global has reached an agreement for the sale of 100% of its equity interests in OCI Ammonia Holding B.V. to AGROFERT, a significant European nitrogen products manufacturer, for a total consideration of €290 MM.
Moeve wins the BASF award for best circular economy practice in Spain
Moeve has been honored with the BASF Award for best circular economy practice in Spain, in the large company category, for its Recycled Flexitank Project for the Transport of Chemical Products.
Uniper and thyssenkrupp Uhde sign framework agreement on the use of ammonia cracking technology
The agreement covers up to six large-scale plants with a total capacity of 7,200 metric tpd of ammonia. The use of hydrogen from ammonia on an industrial scale will make a significant contribution to the decarbonization of national and European industry.
In plea to EU, Stellantis chairman warns European car industry risks 'irreversible decline'
The European Commission is due to present a package of proposals for its scheduled review of EU carbon emissions regulation for the auto industry on December 10.
Russia sees scope for oil exports boost to China, urges cooperation in LNG
China and India have become the main buyers of Russian oil since the start of Russia's military campaign in Ukraine in February 2022.
Greenlyte launches world’s first LiquidSolar eFuel plant
Greenlyte Carbon Technologies is inaugurating the worldwide first LiquidSolar SNG plant in Duisburg, marking a decisive step from development towards industrial production of synthetic fuels (eFuels).
China's Unipec agrees to jet fuel term supply deal with Lufthansa
Unipec's jet fuel supplies have until now covered aviation hubs in Western Europe and North Africa.
Lukoil's Finnish fuel chain Teboil files for corporate restructuring
The United States last month hit Lukoil with sanctions over Moscow's war in Ukraine, disrupting the company's international business.
Armstrong International to double heat pump production capacity in Herstal, Belgium
Armstrong International is updating its plans for the expansion of its manufacturing site in Herstal, Belgium. Initially planned for an annual production of 50 MW of industrial high-temperature heat pumps, the project is being adapted to double its capacity to 100 MW per year by 2027.
- ITT to acquire SPX Flow for > $4.77 B, expanding leadership in highly engineered components and adjacent flow technologies 12/5
- MOL Group introduces eco-friendly Bag-in-Box packaging for lubricants 12/5
- Addis Energy secures $8.3 MM to scale its transformative approach to low-cost ammonia production 12/5
- World Fuel Services supplies cruise line with waste-based biofuels 12/5
- Chevron announced $18 B-$19-B CAPEX budget for 2026 12/5
- Russia and India sign deal to build urea plant in Russia 12/5
