Europe
Improved recycling of plastic from packaging waste
Every year, some 5.6 MM tonnes (t) of plastic packaging winds up in house-hold waste in Germany after being used just once. So far, less than a third of it can be recycled. Working in partnership with Hochschule Bremen — City University of Applied Sciences, the Fraunhofer Institute for Manufacturing Technology and Advanced Materials IFAM aims to transform this waste into high-quality 3D-printed products.
Mabanaft, HIF Global sign agreement to accelerate e-methanol adoption in the shipping industry
Energy company Mabanaft and HIF Global have signed a Heads of Agreement (HoA) for the planned offtake of e-methanol, reinforcing their commitment to advancing carbon-reducing fuels for the shipping industry. The initial offtake would be of up to 100,000 tpy of e-methanol produced from renewable electricity and captured CO₂.
Clariant’s MegaMax 900 catalyst: Powerful start at European Energy’s e-methanol plant
Clariant announced the successful startup of its MegaMax 900 methanol synthesis catalyst at European Energy’s e-methanol plant in Kasso, Denmark. The facility uses biogenic CO2 and green hydrogen to produce up to 42,000 tpy of green methanol
Quaker Houghton completes its acquisition of Dipsol Chemicals and announces its acquisition of Natech
Quaker Houghton, a global industrial process fluids company, has completed its previously announced acquisition of Dipsol Chemicals, a supplier of surface treatment and plating solutions and services primarily for the automotive and other industrial applications, for ~$153 MM.
KazMunayGas starts building polyethylene plant with Sinopec, SIBUR
The plant will have a pyrolysis unit which will use the technology of the U.S.-based Lummus, an ethylene polymerization unit using the technology of Chevron Phillips Chemical and Univation Technologies, as well as a butene unit using Axens technology
Varo buys Swedish refiner Preem in bet on biofuels
Varo Energy, backed by private equity giant Carlyle Group and the world's biggest trading house Vitol, said it had agreed to buy Swedish refiner Preem, betting on growing demand for biofuels.
INEOS Enterprises completes the sale of INEOS Composites to KPS Capital Partners for €1.7 B
INEOS Enterprises has completed the sale of its composites business to KPS Capital Partners for approximately €1.7 B. The composites business is a global leader in producing resins and gelcoats that are used to make strong, lightweight composite plastics found in everything from cars and boats to buildings and electronics.
Maersk names dual-fuel methanol vessel “Adrian Mærsk” at Rotterdam flagship terminal
Maersk has celebrated the naming of the dual-fuel methanol ship Adrian Mærsk at its APM Terminals Maasvlakte II terminal in Rotterdam.
Russia increases fuel, diesel supply to Bolivia amid rising energy crisis
Russia is increasing exports of motor fuels to Bolivia, according to data from LSEG vessel tracking and industry sources, as an energy crisis worsens in the Latin American country and Moscow needs to expand sales hit by Western sanctions.
bp plans to sell its mobility and convenience business in Austria
bp announced its intention to sell its mobility and convenience business in Austria.The marketing process will begin immediately, with the aim of reaching sale completion by the end of 2025, subject to regulatory and all relevant approvals.
- AVTL to develop ammonia terminal in Pipavav, India 6/20
- Chevron seeks buyers for 50% stake in Singapore refinery 6/20
- Asian refiners seek more Mideast oil after spot premiums jump on Israel-Iran conflict 6/20
- Mexican authorities discover clandestine mini-refinery in crackdown of illegal hydrocarbon trade 6/20
- Italy's Eni eyes new unit to manage oil refineries 6/20
- Inatech's Techoil implemented by Flint Hills Resources for a modern, integrated future 6/20
