Economics
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.
Spain, IEA back Dutch call to phase out fossil fuel subsidies
Spain's energy minister and the head of the International Energy Agency backed the Netherlands' call for an international coalition to phase out fossil subsidies.
India increases windfall tax on petroleum crude, reduces tax on aviation turbine fuel and diesel
The Indian government increased windfall tax on petroleum crude, while reduced it on aviation turbine fuel and diesel, according to a government notification.
Automakers say they face $14 B in fines from Biden's 'unfeasible' fuel rules
The Biden administration proposal to hike fuel economy standards through 2032 is not feasible and could cost automakers a total of more than $14 B in fines.
- Kumho Mitsui Chemicals to increase capacity of MDI production facilities 12/15
- ABS, Eneos, NYK Line and Seacor Holdings launch joint study to develop a methanol marine fuel supply network in the U.S. 12/15
- ENEOS accelerates AI-driven materials discovery of immersion cooling fluids and novel catalysts Using NVIDIA ALCHEMI 12/15
- SAMSUNG E&A wins FEED contract for nearly $5-B SAF plant in the U.S. 12/15
- KBR wins green ammonia project by IGNIS in Spain 12/15
- Phillips 66 announces $2.4-B capital budget for 2026 12/15
