Economics
Hyundai Engineering & Construction awarded contract for petchem expansion at the SATORP Refinery in Saudi Arabia
Hyundai Engineering & Construction Co., Ltd. has been awarded contracts for two EPC packages related to a petrochemical expansion at the SATORP refinery in Jubail, Saudi Arabia.
Indorama Ventures almost triples its PET recycling capacity in Brazil
Indorama Ventures Public Company Limited, one of the world’s largest producers of recycled Polyethylene Terephthalate resin, announced the completion of the expansion of its recycling facility in Brazil, supported by a ‘Blue Loan’ from the International Finance Corporation, a member of the World Bank.
Evonik to supply catalyst for new Röhm MMA plant
Evonik has signed an agreement to scale up and produce custom catalyst for Röhm’s new methyl methacrylate production plant in Bay City, Texas, USA, which is due to be opened in 2024.
Borouge & Borealis unveil auto products made of 70% recycled materials
Borouge PLC and Borealis announced the launch of two new sustainable polymer products for the automotive industry.
Indonesia's H1 biodiesel consumption at 5.41 MM KL
Indonesia’s consumption of palm oil-based biodiesel for the first six months of this year was 5.41 million kiloliters, data from palm oil fund agency BPDPKS showed.
Indonesia's Pertamina to build new fuel terminal following deadly fire
Indonesia's state energy company PT Pertamina said it will develop a fuel storage facility in north Jakarta, following a deadly fire that broke out at a terminal earlier this year and spread into a densely populated residential area.
India's fuel demand slips to 10-month low in July
India’s fuel consumption slipped to a 10-month low in July, government data showed, as monsoon rains restricted mobility in the world's third-biggest oil importer and consumer.
Phillips 66, ADM in talks on biofuels joint venture
U.S. oil refiner Phillips 66 and grain trader Archer-Daniels-Midland are discussing a biofuels joint venture with an aim toward producing lower-carbon jet fuel, three people familiar with the matter said.
TotalEnergies restating Port Arthur, Texas, reformer
TotalEnergies began restarting the reformer at its 238,000-bpd Port Arthur, Texas, refinery on Monday, people familiar with plant operations said.
China's Yanchang seen doubling Russian oil purchases
China's state-controlled Shaanxi Yanchang Petroleum Group is expected to double its purchases of Russian ESPO blend this year to about one million metric tons, according to two sources familiar with the plant's operations.
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