Europe
Solvay to nearly halve CO2 emissions at Torrelavega plant by 2027 with major biomass project
Solvay is taking another decisive step to phase out coal at its soda ash and bicarbonate plants with a new energy transition project in Torrelavega, Spain, aiming to nearly halve carbon dioxide (CO2) emissions by 2027 and ensure the site’s long-term competitiveness.
Shell is considering selling off chemical assets in Europe and the U.S.
Shell is considering a potential sale of its chemicals assets in Europe and the United States, the Wall Street Journal reported, citing sources familiar with the matter. The energy group has hired Morgan Stanley to conduct a strategic review of its chemicals operations, the report said.
MAIRE awarded various EPC contracts, totaling $3.5 B
MAIRE announced that its subsidiaries TECNIMONT, KT-Kinetics Technology and NEXTCHEM and have been granted new awards for a total amount of approximately $3.5 billion for engineering and procurement and construction activities related to petrochemical and hydrotreating projects, as well as high value engineering services for a waste to chemical project.
Huntsman Polyurethanes secures ISCC+ Certification for TPU production sites
Huntsman announced that its Thermoplastic Polyurethane (TPU) manufacturing sites in Jinshan, China, and Osnabrück, Germany, have successfully secured ISCC+ Certification – the globally recognized standard for sustainability and traceability in supply chains.
Orlen and Equinor agree to develop carbon capture projects
Polish refiner Orlen and Norway's Equinor have signed a memorandum of understanding (MoU) on the development of carbon capture and storage (CCS) projects.
Russia says fire at Ufa oil refinery extinguished, was caused by technical issue
A fire that broke out on Monday at the Ufimsky oil refinery, one of Russia's largest, was due to technical issues and has been extinguished, Russia's emergency ministry said, adding that the refinery had continued operations.
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.
- U.S. says there are significant undiscovered oil and gas resources in Wyoming 5/21
- Bureau Veritas grants AiPs for IMODCO’s portfolio of jetty-less solutions for new energies transfers 5/21
- Saudi Arabia crude exports fall to 5.754 MMbpd in March 5/21
- Low diversity in critical mineral markets could hurt industry, IEA says 5/21
- India's Russian oil imports hit 10-month high on strong demand for ESPO crude 5/21
- Akselos tackles flange failures with breakthrough SPM module 5/21
