Economics
Executive Viewpoint: Petrochemicals transition, operational sustainability and new pathways for light olefins production
Welcome to Hydrocarbon Processing’s Executive Series. In this enhanced video platform, the editors speak with the operators and technology leaders and suppliers that are optimizing the global hydrocarbon processing industry (HPI).
Sustainability and the Energy Transition: The pyrolysis of plastic wastes: A techno-economic analysis
Plastics are some of the most vastly used materials in modern life. They are the building block of products manufactured by almost every sector, including packaging, building and construction, textiles, consumer products, transportation, electrical and electronics, and industrial machinery.
EIA: U.S. crude stocks and distillate inventories rise, gasoline stocks fall
U.S. crude stocks and distillate inventories rose while gasoline inventories fell in the week ending May 17.
Malaysia to cut diesel subsidies, saving $852 MM/yr
Malaysia will begin cutting fuel subsidies to bolster its fiscal position starting with diesel, a move that will save about 4 $852 MM/yr.
Global carbon emissions pricing raised record $104 B in 2023
Countries raised a record $104 B last year by charging firms for emitting carbon dioxide (CO2), but prices remain too low to drive changes needed to meet Paris climate accord targets.
Analysis: U.S. refiners reward shareholders with big returns despite softer Q1 profits
Major U.S. fuel makers returned billions in capital to shareholders in the first quarter and boosted share repurchase programs, even as refining margins softened from recent records and utilization rates fell.
Pakistan-China to sign MoU on oil-to-chemicals complex in June
During Prime Minister Shehbaz Sharif's visit to Beijing in June, China and Pakistan are expected to sign a memorandum of understanding (MoU) on a crude-to-petrochemical refinery project.
China's refinery output falls for first time in 20 mos due to maintenance
China's refinery output fell 3.3% in April from a year earlier, the first annual decline in 20 mos, as large refiners carried out regular maintenance and small independent plants curbed production due to thin profit margins.
HSBC to arrange funds for $1.49-B expansion project at Vietnam's Binh Son refinery
Binh Son Refining and Petrochemical has chosen HSBC Bank as the export credit agency for a project to expand its Dung Quat refinery.
Oil prices rise after positive U.S. economic data
Oil futures rose on Thursday bolstered by slower than expected inflation and a stabilizing U.S. job market, providing positive signs for future rate cuts and demand.
- Essar launches hydrogen power plant at Stanlow refinery (U.K.) 7/16
- Trelleborg partners with Airbus on hydrogen-powered air travel 7/16
- Neste, Mitsubishi Corporation agree on strategic partnership to develop supply chains for renewable chemicals and plastics 7/16
- Vale, Komatsu and Cummins announce collaboration to develop dual-fuel large trucks, powered by ethanol and diesel 7/16
- Mexico–U.S. energy trade value fell in 2023 on lower fuel prices 7/16
- Belarus' Mozyr oil refinery restoring operations after outage due to storm 7/16
- Digital Exclusive: SPECIAL FOCUS: Digital Technologies—Utilize process simulation digital twin to optimize condensate yield
- Digital Exclusive-Flare system design: Liquid pockets in flare headers
- Hydrogen-rich content gasoline: A new concept for paraffinic gasoline reformulation
- Alarm rationalization at Kuwait National Petroleum Company (KNPC) refineries
