Economics
Clariant to cut 170 jobs after closing Romania plant, downsize German operations
Clariant cut its full year earnings guidance after it said it would close its bioethanol plant in Romania and downsize its operations in Germany.
Iran Revolutionary Guards seize two vessels smuggling 4.5 million liters of fuel
Iran's Revolutionary Guards' Navy have seized two vessels smuggling 4.5 million liters of fuel.
Lummus and NET Power sign strategic supplier agreement for heat transfer equipment
Lummus Technology announced it has signed a Strategic Supply Agreement with NET Power Inc. to design and supply recuperative heat exchangers for NET Power's near-zero emissions power generation process.
Nextchem (Maire Group) awarded a process design contract by DG Fuels for a bio-waste to SAF facility in the U.S.
MAIRE S.p.A. announces that NEXTCHEM, through its subsidiary MyRechemical, leading the Waste-to-Chemical segment, has been selected by DG Fuels Lousiana to provide the Process Design Package in relation to a SAF facility under development in St. James Parish, Louisiana (U.S.).
Lummus and Toshiba announce partnership for advanced carbon capture solutions
Lummus Technology and Toshiba Energy Systems & Solutions Corporation announced a master collaboration agreement to jointly pursue carbon capture projects.
Two new petrochemical plants are coming online in India
Two multi-billion-dollar petrochemical plants are coming online in India in coming months at a time of weaker-than-expected demand, setting the stage for fierce price competition domestically and internationally.
Outokumpu and Alfa Laval join forces to reduce emissions in stainless steel production
Outokumpu and Alfa Laval have entered into a contract regarding the delivery of Outokumpu Circle Green stainless steel.
CLARITY – Clariant’s service portal digitally boosts technical support for 80+ catalyst customers worldwide
Clariant announced the favorable adoption and excellent performance of its digital service platform for catalyst customers.
Fluor announces Q3 contracts from Dow for net-zero ethylene cracker and derivatives complex in Canada
Fluor Corporation was awarded two contracts from Dow for the construction of the world’s first net-zero scope 1 and 2 emissions integrated ethylene cracker and derivatives complex in Fort Saskatchewan, Alberta, Canada.
Suez Canal and Scatec sign $1.1-B green methanol MoU
Egypt's Suez Canal economic zone and Scatec ASA have signed a memorandum of understanding worth $1.1 B to supply ships with green fuel.
- Valero Energy Q4 profit beats estimates; shares surge 1/30
- Dow launches "Transform to Outperform" to raise the competitive industry benchmark for productivity and growth to enable improved returns 1/30
- Russian oil refineries' peak maintenance expected in January and September 1/30
- U.S. lifts some Venezuela sanctions to ease oil sales 1/30
- Keppel, Aster plan sustainable aviation fuel project in Singapore 1/30
- Boeing, Israel's Technion to develop sustainable aviation fuel, as sector grapples with 2050 goal 1/30
