Refining
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.
Indonesia plans to use sovereign wealth fund to boost coal gasification projects
Indonesia seeks to boost coal gasification projects using funding from its newly launched sovereign wealth fund Danantara Indonesia, as well as plans to increase its fuel storage capacity and build a refinery with capacity of 500,000 barrels per day to ensure energy security
Honeywell to acquire Sundyne to expand critical equipment portfolio and aftermarket services
Honeywell has agreed to acquire Sundyne from private equity firm Warburg Pincus for $2.16 billion in an all-cash transaction. This represents approximately 14.5x 2024 EBITDA on a tax-adjusted basis.
Kelvion Partners in ESCO project to revolutionize supercritical CO₂ systems with 3D-printed heat exchangers
Kelvion, the global leader in heat exchange technology, is proud to partner in the ESCO research project, which aims to optimize sCO₂ cycle technology for industrial applications. As part of this initiative, Kelvion will develop cutting-edge 3D-printed heat exchanger prototypes using advanced materials specifically designed for sCO₂ systems, reaffirming its commitment to driving sustainable energy innovations.
Chinese CNOOC to launch $2.7-B upgraded refinery complex
State-controlled China National Offshore Oil Company (CNOOC) is set to launch a refinery and petrochemicals complex later this year, following a $2.74-B upgrade.
Sapphire Technologies, Honeywell UOP partner to revolutionize energy recovery in refineries
Sapphire Technologies, a leading developer and manufacturer of energy recovery systems for natural gas applications, announces a strategic partnership with Honeywell UOP LLC, a global leader in providing technology and services for the oil and gas industry, known for its innovative solutions in refining, petrochemical production and gas processing.
LyondellBasell approves propylene expansion project
LyondellBasell has announced an investment to expand propylene production capacity at its Channelview complex near Houston, Texas (U.S.).
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.
Refinery closures and rising consumption will reduce U.S. petroleum inventories in 2026
In 2026, the U.S. EIA forecast that inventories of the three largest transportation fuels in the United States—motor gasoline, distillate fuel oil and jet fuel—will fall to their lowest levels since 2000
Taiyo Oil selects Honeywell UOP's ethanol-to-jet technology for 200-MMlpy SAF plant in Japan
Taiyo Oil Co., Ltd. has chosen Honeywell UOP's Ethanol-to-Jet technology to produce sustainable aviation fuel at its Okinawa Operations in Japan. This facility will have a production target of 200 MMlpy.
- Digital Feature (sponsored): Three questions oil and gas companies should ask to improve their operations risk management 3/6
- Nextchem awarded engineering/technology services contract from SATORP (Saudi Arabia) 3/6
- PBF Energy's Martinez refinery (California, U.S.) repairs to cost $30 million 3/6
- Lummus Technology, Resynergi announce commercialization of microwave-powered plastic pyrolysis technology 3/6
- Mercedes-AMG Petronas to use sustainable carbon fiber composites in Formula 1 racecars 3/6
- Vopak to build ethane tanks to support Thailand's petrochemical production 3/6
