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China's crude oil imports to set a record in 2023

China is expected to import a record amount of crude oil in 2023 due to increased demand for fuel as people travel more following the dismantling of COVID-19 controls and as a result of new refineries coming onstream.

Chevron Phillips Chemical secures contracted long-term supply of advanced recycled plastic feedstocks

Nexus Circular has signed a long-term commercial agreement with Chevron Phillips Chemical for the supply of a significant volume annually of circular liquid feedstocks from a new advanced recycling facility.

How digitalization is turning data into value in the heart of the refinery: FCC catalysts

BASF: Gim, S.  |  Chen, A.

Digitalization has impacted the world of refining for the past several decades.

Business Trends: Tier 3 gasoline production: Challenges and opportunities for refiners

Petrobras: Da Silva, M. W.
Hoekstra Trading: Hoekstra, G.
Valuation Risk & Strategy LLC: Murphy, T.

One of the biggest challenges to the crude oil refining industry over the past decades is the development of technologies capable of reducing the environmental impact of crude oil derivatives, while also raising their performance.

Topsoe enters agreement with Steeper Energy to introduce complete waste-to-biofuel solution

Topsoe, a leader in carbon emission reduction technologies, and Steeper, a pioneer within biomass conversion technologies, have signed a global licensing agreement for a complete waste-to-fuel solution.

Phillips 66 achieves ISCC PLUS certification to turn oil from waste plastics into feedstocks

Phillips 66 announced it has received International Sustainability and Carbon Certification (ISCC) PLUS certification for its Sweeny Refinery in Texas to process oil made from waste plastics into feedstocks for new plastics.

Mabanaft and Hapag-Lloyd sign MoU for the supply of ammonia as bunker fuel

Together, Mabanaft and Hapag-Lloyd will assess the viability of and the options for the safe handling of clean ammonia as a bunker fuel in and around the Port of Hamburg.

Maire Tecnimont acquires the majority stake of Conser

Maire Tecnimont announceD that, through its subsidiary NextChem, it is expanding into the high-value derivates and biodegradable plastic by-products licensing markets with the acquisition of an 83,5% stake of Conser.

Asahi Kasei collaborates on development of recycling technology for inexpensive, high-quality carbon fiber

Asahi Kasei, a diversified Japanese multinational company, has developed a new technology for recycling carbon fiber plastic compounds together with the National Institute of Technology, Kitakyushu College and Tokyo University of Science.

Neste completes acquisition of business from Crimson Renewable Energy in the U.S.

In November 2022, Neste announced that it would acquire the used cooking oil (UCO) collection and aggregation business and related assets on the U.S. West Coast from Crimson Renewable Energy Holdings.