Economics
Egypt, Maersk's C2X sign agreement worth up to $3 B for production of green fuel
Egypt and Maersk's C2X signed a new framework agreement worth up to $3 B for the production of green fuel and its derivatives in the Suez Canal economic zone.
Saudi Arabia, Russia to continue voluntary oil cuts
Saudi Arabia and Russia said they were continuing voluntary oil cuts to year end as tightening supply and rising demand support oil prices.
Lummus' Green Circle announces agreement for advanced plastic recycling technology with Dongyang Environment Group
Lummus Technology, a global provider of process technologies and value-driven energy solutions, has announced an agreement with Dongyang Environment Group to deploy Lummus' advanced plastics recycling technology in South Korea.
ADNOC awards more than $400-MM critical equipment contract for low-carbon LNG Project in Ruwais
ADNOC announced it has awarded a contract, valued at more than $400 MM, to Baker Hughes, through its Nuovo Pignone International S.R.L. legal entity, for the supply of all-electric compression systems for the liquefaction of natural gas, to be powered by clean energy, for its low-carbon LNG asset in the Al Ruwais Industrial City, Al Dhafrah, Abu Dhabi.
Baker Hughes announces milestone electric-LNG Award for ADNOC Ruwais LNG Export Terminal
Baker Hughes announced it has received a letter of award by ADNOC Gas, for and on behalf of ADNOC, to provide two electric liquefaction systems (e-LNG) for the Ruwais LNG project in the United Arab Emirates.
Repsol selects Honeywell Ecofining Technology for biofuel production in Spain
Honeywell announced today that Repsol has licensed Honeywell Ecofining technology to produce renewable fuels from feedstocks such as used cooking oil and waste animal fat at Repsol’s facility in Puertollano, Spain.
Carbon Recycling International and Jiangsu Sailboat start up world’s most efficient CO2-to-methanol plant
Carbon Recycling International and Jiangsu Sailboat have successfully started up one of the world's most efficient CO2-to-methanol plants and will recycle carbon dioxide and hydrogen waste streams from the wider petrochemical complex.
ADNOC to be first company in the Middle East to receive ISCC Certification to produce SAF
ADNOC announced its Ruwais Refinery has received International Sustainability Carbon Certification for the production of SAF, making it the first company in the Middle East to earn the distinction.
Malaysia mulls expansion of B10 biodiesel usage to industrial sector
Malaysia is considering expansion of its B10 biodiesel program, which requires the mandatory use of 10% palm oil, to the industrial sector.
Russia declines to say how long fuel export ban will last
Russia is setting no time frame for the fuel export ban it introduced last month, and it will remain in place as long as necessary to stabilize prices and address shortages on the domestic market.
- ExxonMobil plans 1 Blbs/yr of advanced recycling by 2027 11/22
- Gauging the likely Trump effect on U.S. energy and power sectors 11/22
- Russia's Lukoil restoring cracker at NORSI refinery, gasoline output rising 11/22
- Nigeria's local currency crude sales fall short of target, Dangote refinery says 11/22
- U.S. October gasoline imports hit post-pandemic low on slump in European shipments 11/22
- Clean Hydrogen Works awards McDermott FEED contract for Ascension Clean Energy (ACE) project 11/21
