Europe
Digital Feature: The reality of FuelEU in numbers
Today, many owners and managers are concerned with the EU Emissions Trading Scheme (ETS), designed to reduce emissions produced by shipping. However, the author's company's projections show that the impact of FuelEU will eclipse that of the ETS around 2035 and dwarf it beyond that. Business as usual is therefore no longer an option, and progressive decisions must be made to deal with this challenge.
Russia naphtha exports to Asia fall to 1-yr low, support margins
Russian naphtha flows to Asia plummeted to a 1-yr low in February following fresh drone attacks on Russian refining infrastructure, boosting prices for the plastic raw material in the east.
VDMA valves association market analysis: Industry standstill looms after a strong 2024
The industrial valves industry performed better than expected in 2024 despite adverse conditions. Overall, nominal sales growth of 6% was achieved. While European business declined by 1%, international sales climbed by 11%.
The European chemical industry is becoming extinct: An open letter from INEOS CEO Sir Jim Ratcliffe
The chemical industry in Europe has been hugely important to the success of the European economy over the last century. With revenues of around one trillion euros, it is similar in size to the automotive sector. But chemicals in Europe is facing extinction. Government policies have resulted in enormously high energy prices and crippling carbon tax bills.
Eni to use Nextchem's gasification technology to produce circular methanol and hydrogen
MET Development (MAIRE), Eni and Iren Ambiente have started the permitting process for an innovative circular methanol and hydrogen production plant at Eni’s refinery in Sannazzaro de' Burgondi (Pavia), Italy. The plant will have capacity of up to 110,000 tpy of methanol and up to 1,500 tpy of hydrogen
Russia's Ryazan oil refinery halts operations after drone strike
Russia's Ryazan oil refinery has suspended operations after an attack by Ukrainian drones on Monday.
LiqTech receives supplier approval for water treatment system for WinGD dual-fuel engine
LiqTech International Inc., a clean technology company that manufactures and markets highly specialized filtration products and systems, has received supplier approval for its water treatment system (WTS) for WinGD 2-stroke, dual-fuel engines in gas- and diesel- mode.
Russia's idle oil refining capacity estimated 82% up in February
Russia's offline primary oil refining capacity in February is revised up 82% from the initial plan for this month.
PhosAgro sets new agrochemical production and shipment records in January 2025
PhosAgro Group set a new record in terms of its monthly agrochemical production and shipment volumes in January 2025. For the first time in its history, the Group produced over 1 MMt of mineral fertilizers, feed phosphates and sodium tripolyphosphate.
KBR selected by Madoqua to complete feasibility study/preliminary design of a green fuels terminal in Portugal
The facility will serve as a critical component of Madoqua’s green fuels corridor, linking Portugal with the Netherlands and Germany.
- Phillips 66 Independent Board Director pens letter to shareholders regarding dispute with Elliott Investment Management 3/28
- Russia increases fuel, diesel supply to Bolivia amid rising energy crisis 3/28
- Cenovus refinery in Ohio (U.S.) plans to shut multiple units for six weeks of work 3/28
- Motiva Texas refinery (U.S.) preparing second attempt to restart FCCU 3/27
- bp plans to sell its mobility and convenience business in Austria 3/27
- BASF starts up its first plant for recycled polyamide 6 3/27
