Economics
Asia's jet fuel imports from India to hit multi-year highs in November
Asia's imports of jet fuel from India are set to hit multi-year highs in November ahead of peak winter demand after refinery outages and lower exports from China crimped supplies.
INEOS, GNFC sign MoU to build a new world scale acetic acid unit in India
INEOS Acetyls and Gujarat Narmada Valley Fertilizers & Chemicals Ltd (GNFC) signed a Memorandum of Understanding to explore the feasibility to build a new world scale, 600,000-tpy acetic acid plant at GNFC's site in Bharuch, Gujarat, India.
Sinochem may keep bankrupt refineries as auctions draw little interest
Sinochem Group may keep three bankrupt oil refineries located in eastern China after auctions to sell them drew little interest from other companies, sources familiar with the matter said.
Copernic Catalysts to scale its catalyst for sustainable ammonia production
Copernic Catalysts, a developer of novel catalysts for sustainable chemicals and e-fuels, has raised an oversubscribed $8 MM Series Seed Prime round.
Clariant EnviCat N2O-S catalyst to cut CO2eq by 690,000 tpy at Hengli’s nitric acid plant in China
Clariant announced the successful installation of its EnviCat N2O-S catalyst at Hengli Petrochemical's 300,000-tpy nitric acid plant in Dalian, China. With the successful installation of the catalyst in June 2024, the plant is projected to reduce its N2O emissions by 690,000 tpy of CO2eq.
China's oil refinery output falls from a year ago for a seventh month
China's refinery throughput in October fell 4.6% from last year, down from year earlier for a seventh month, as plant closures offset the ramp up of a newly started complex and demand from holiday travel.
European oil giants step back from renewables path
Almost five years ago, bp embarked on an ambitious attempt to transform itself from an oil company into a business focused on low-carbon power. The British company is now trying to return to its roots as a big oil and gas player with a growth story to match rivals, revive its share price and allay investor concerns over future profits.
Digital Feature (sponsored): Refiner improves OT cyber risk measurement and management: A Case Study on achieving visibility into OT cybersecurity policy compliance
This case study details how a U.S.-based Fortune 50 petroleum refiner used PAS Cyber Integrity® to improve OT cybersecurity. By automating asset inventory and vulnerability assessments, the company reduced manual processes, enhanced visibility into cyber risks and improved safety-ultimately saving millions in program costs.
Russian refineries cut oil runs due to losses, closures loom
At least three Russian refineries have had to halt processing or cut runs due to heavy losses amid export curbs, rising crude prices and high borrowing costs. The closures highlight the struggles of the Russian refining industry, which has been caught in the crosshairs of Ukrainian drone attacks, Western sanctions on Russia, which force refiners to sell fuel at a discount, as well as high interest rates.
Spain's Moeve swings to quarterly loss on weak refining margins
Spain's second-largest oil company, Moeve, formerly known as Cepsa, posted a third-quarter loss after a sharp decline in refining margins hit its energy business.
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- WGLC: Innovating AI adoption 11/21
- Solvay uses waste wood to power soda ash and bicarbonate plant in Germany 11/21
- Syensqo expands U.S. production capacity for advanced polymers 11/21
- Container shippers hedging green transition with dual-fuel vessel orders 11/21
- Singapore middle distillates stocks rise for fourth week to six-week high 11/21
