Europe
Dow Chemical invests in OxyMem’s wastewater treatment technology
The investment will accelerate the commercialization of OxyMem’s promising wastewater treatment technology -- the Membrane Aerated Biofilm Reactor (MABR).
Bulgaria’s anti-monopoly group raids fuel sellers
The competition authority launched a full investigation after an analysis of the EU country's fuel sector between 2013 and 2015. It found that the retail price policies of the seven companies were very similar and too slow to reflect falls in wholesale and production prices.
Global chemicals output shows monthly growth
During February, chemical production rose in North America, Western Europe, and Asia-Pacific; was flat in Africa & the Middle East; and fell in Latin America and Central and Eastern Europe.
Nigeria secures $200MM from oil majors to help pay for fuel imports
Africa's top producer, which needs to import most of its fuel needs, suffers from hard currency shortages due to a slump in oil revenues. For weeks, motorists have been queuing at petrol stations.
UK’s Coryton fuel terminal opens as glut grows
The terminal is due to be filled to its current capacity of 176,000 cubic meters with fuel, predominantly to serve the London region and southeast England, Thames Oilport said in a statement.
Russia’s Sibur, Sinopec eye gas-chemical project
In December, Sinopec paid $1.338 billion for a 10% stake in Russia-based Sibur and said it planned to acquire an additional 10% within three years.
Business Trends: Global petrochemical overview—Part 1
This series examines the global petrochemical landscape, new project developments and regional outlooks.
Global Project Data
This month’s installment of Global Project Data focuses on the global petrochemical sector.
Gazprom teams with OMV for expansion of Nord Stream gas pipeline
Gazprom wants to bypass Ukraine by expanding a network of undersea pipelines, primarily Nord Stream, which runs via the Baltic Sea to Germany.
Nigerian leader criticizes state petroleum minister over fuel shortages
An economic crisis caused by low oil prices has created shortages because fuel importers cannot get the dollars needed to buy petrol and the state oil firm has not been able to sign agreements quickly enough to exchange crude oil for gasoline.
- South Korea approves nearly $1.4-B petrochemical restructuring deal as supply glut weighs 2/25
- Romanian largest refinery to shut down in March for scheduled turnaround 2/25
- Malaysia's Prefchem cuts refinery output after shutting gasoline unit 2/25
- U.S. Chemical Safety Board faults Pemex in 2024 Deer Park refinery's fatal accident 2/25
- Global diesel flows further reshuffle on EU sanctions, discounted Russian exports 2/25
- RFOcean secures first long-term e-methanol supply from ETFuels, driven by FuelEU 2/25
