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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.

Methods for increasing the heat transfer rate on steam condensation surfaces

Traditional systems rely on filmwise condensation for heat transfer; however, for large energy consumers, dropwise condensation will help improve heat transfer efficiency and reduce steam consumption and carbon footprint. This can be achieved through water treatment technologies—specifically the dropwise condensation technology—that help facilities increase productivity and reliability while reducing energy consumption.

Uganda signs deal with UAE investment firm over 60,000-bpd oil refinery

Uganda signed an oil refinery agreement with UAE-based Alpha MBM Investments for a 60% stake in a crude oil refinery in Kabaale, Hoima District.

Optimize direct air carbon capture systems for petrochemical sustainability

The advent of direct air carbon capture (DACC) systems presents a groundbreaking opportunity to capture carbon dioxide (CO2) and repurpose it as a valuable feedstock for petrochemical products like methanol and synthetic fuels.

Minimize risks and unlock profitability with opportunity crudes

This article focuses on new digital technologies that enable refiners to extract the most profit out of opportunity crudes.

Motiva Texas refinery (U.S.) preparing second attempt to restart FCCU

Motiva Enterprises is preparing a second attempt to restart the gasoline-producing fluidic catalytic cracker-3 (FCC-3) at its 626,000-bpd Port Arthur, Texas refinery.

BASF starts up its first plant for recycled polyamide 6

BASF announced the start-up of the world’s first commercial loopamid® plant. The production facility at the Caojing site in Shanghai, China, has an annual capacity of 500 metric tons and marks an important step in the supply of sustainable products for the textile industry.

Saudi Aramco looks to invest in Indian refineries

Saudi Aramco is in talks to invest in two planned refineries in India as the world's top oil exporter looks for a stable outlet for its crude in the world's fastest-growing emerging market

U.S. biodiesel use increases outside of the transportation sector

A small but increasing amount of biodiesel in the U.S. is consumed in the residential, commercial, and electric power sectors, according to new estimates now published in the U.S. EIA's State Energy Data System.

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