Economics
Traders scramble for U.S. storage as distillates demand disappoints
Traders are rushing to fill up storage tanks along the U.S. East Coast with distillate fuels, like diesel and heating oil, data from storage broker The Tank Tiger shows, a sign of deepening oversupply that is weighing on refiners' profits.
DOMO Chemicals responds to surging demand in China with its new TECHNYL polyamide production plant
DOMO Chemicals inaugurates its newest plant in Haiyan, Jiaxing, Zhejiang, China which is a significant milestone that reinforces DOMO's determination to meet rising demand in the Chinese market for its TECHNYL polyamide-based intelligent solutions.
India's Chennai Petroleum sees two-year delay in building new 180,000-bpd refinery
India's Chennai Petroleum Corp Ltd will build a 180,000-bpd refinery at Nagapattinam in Southern Tamil Nadu State by the end of 2027, two years later than initially planned, its head of finance Rohit Kumar Agrawala said.
PetroChina profit boosted by stronger gas sales and fuel demand
China's top energy producer PetroChina posted a 4.7% rise in first-quarter net income helped by growth in natural gas and a recovery in fuel demand.
thyssenkrupp Uhde completes EnviNOx project for Dyno Nobel in Australia
thyssenkrupp Uhde and Dyno Nobel have successfully completed the nitrous oxide abatement project in Moranbah, Australia with the successful commissioning of thyssenkrupp Uhde’s highly effective EnviNOx technology to reduce greenhouse gas emissions at Dyno Nobel’s nitric acid plant in Moranbah, Australia.
India receives fuel oil cargo in Russian SCF tanker after brief halt
A ship controlled by U.S.-sanctioned Russian shipping giant Sovcomflot discharged fuel oil at a western Indian port indicating a resumption in the use of SCF vessels to supply Moscow's key market after a brief halt.
Biden administration (U.S.) to release SAF tax credit model
The Biden administration (U.S.) is expected to release a climate model for its SAF subsidy program, two sources familiar with the matter said.
S-Oil expects Q2 refining margins to remain steady then trend upward
South Korea's S-Oil forecast that second-quarter refining margins will be steady, supported by regular maintenance in the region, then trend upward in tandem with higher demand as the summer season gets underway.
Optimization for the trigeneration of industrial waste
Many corporations are moving toward sustainable operations for their processes. One alternative pathway to reduce fossil fuels consumption in a processing plant is through harvesting waste heat from industrial waste through combined heat and power (CHP), or what is commonly known as cogeneration or polygeneration.
Business Trends: Global chemicals industry outlook for 2024
After a challenging end to 2022, many in the chemical industry anticipated a modest rebound in production in 2023. However, by mid-2023, several chemical companies significantly lowered their expectations.
- Equinor selects Aker for Mongstad refinery upgrade project 5/1
- Australian researchers testing SAF production from landfill gases 5/1
- ACC responds to U.S. EPA's final risk management rule for methylene chloride 5/1
- Topsoe awarded contract to support FEED study for new low-carbon ammonia plant in Louisiana (U.S.) 5/1
- ClearSign Technologies receives burner contract for California (U.S.) refinery 5/1
- Traders scramble for U.S. storage as distillates demand disappoints 5/1