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Economics

Asahi Kasei and Microwave Chemical demonstrates project for chemical recycling of polyamide 66 using microwave-based tech

Asahi Kasei and Microwave Chemical launched a joint demonstration project in April 2023 with the objective of commercializing a chemical recycling process for polyamide 66 using microwave technology.

EU agrees binding green fuel targets for aviation

The European Union has agreed a deal to set binding targets for airlines in Europe to increase their use of sustainable aviation fuels, in an attempt to kickstart a market for green fuels and start curbing the aviation sector's carbon footprint.

Solvay to supply technology license for hydrogen peroxide mega-plant in China

Solvay has signed a license agreement with Guangxi Chlor-Alkali Chemical which will enable the Chinese partner to build and operate a hydrogen peroxide mega-plant at Qinzhou designed to support its 300 kilotons propylene oxide production and other units on site.

BioBTX and Agilyx announce collaboration for the production of circular aromatic chemicals

BioBTX B.V. and Agilyx ASA have entered into a strategic collaboration to explore the scale-up of BioBTX technology at a commercial demonstration plant for the production of renewable aromatic chemicals.

Lummus and Citroniq sign letter of intent for green polypropylene projects

Lummus Technology and Citroniq Chemicals announced that the two companies have signed a letter of intent for the development of Citroniq's green polypropylene projects in North America.

HIF Global receives environmental permit authorizing, construction and operation at first U.S. eFuels facility

HIF Global announced receipt of the Texas Commission on Environmental Quality Air Quality Permit authorizing the construction and operation of the HIF Matagorda eFuels facility in Matagorda County, Texas.

Global refinery margins lose steam as Russian oil finds new outlets

Global diesel margins have slumped by about half since February, dragging on refiners' profits, as Russian exports continue despite sanctions, helping output from China and India reach all-time highs in March.

Dow partners with Linde for its net-zero carbon emissions ethylene and derivatives complex in Canada

Dow announced today it has selected Linde as its industrial gas partner for the supply of clean hydrogen and nitrogen for its proposed net-zero carbon emissions integrated ethylene cracker and derivatives site in Fort Saskatchewan, Alberta, Canada.

Delta, Shell Aviation SAF agreement to fuel LAX hub and accelerate aviation decarbonization

Delta will purchase up to 10 MMg of neat SAF from Shell Aviation over a two-year period for use at its hub at Los Angeles International Airport.

Countdown to 26th World Energy Congress begins with release of Global Energy Leaders Survey

The countdown to the 26th World Energy Congress, to be held in Rotterdam from 22-25 April 2024, has begun as the World Energy Council launches event registration and simultaneously releases the results of its latest Pulse Survey.