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Economics

Biden admin greenlights LNG exports from Alaska project

The Biden administration on Thursday approved exports of liquefied natural gas from the Alaska LNG project that one day could help the United States compete with Russia to ship natural gas from the Arctic to Asia.

Aether options site for future production facility

Aether Fuels announced a real-estate agreement with the Smith County Economic Development District in Mississippi.

Oil products shipments disrupted at two TotalEnergies refineries

Oil products shipments from TotalEnergies' Donges and La Mede refineries were disrupted on Thursday with 20% of operational staff having joined strike action over the government's pension reforms.

Vietnam's Binh Son refinery delays maintenance, expects 88% profit fall this year

Vietnam's Binh Son Refining and Petrochemical will delay the maintenance at its refinery until next year, and said it expects profits to drop 88% this year due to rising costs, including higher taxes.

European diesel refining margins at lowest since Russia's invasion

Benchmark Northwest European diesel refining margins dropped to $17.70 a barrel on Wednesday, their lowest since Feb. 25, 2022, a day after Russia launched its invasion of Ukraine.

AFPM: EPA vehicle proposal will “effectively ban gasoline and diesel vehicles,” advantaging China

EPA’s vehicle GHG proposal should be revised to account for lifecycle emissions, promote tech neutral competition and uphold consumer choice.

Petrochemical firms and Seoul city government partner to recycle plastic waste

The Seoul Metropolitan Government is partnering with domestic petrochemical companies to begin a pilot project for recycling plastic waste materials using thermal pyrolysis technology.

Lummus and RWDC Industries sign MoU accelerating PHA production at scale

Lummus Technology and RWDC Industries recently signed a memorandum of understanding to cooperate on global PHA deployment initiatives.

Maire Tecnimont completes the acquisition of the majority stake of Conser, expanding its technology portfolio in bio-degradable plastics

Maire Tecnimont S.p.A. announces that, through its subsidiary NextChem Holding S.p.A., it has finalized the acquisition of an 83.5% stake of Conser, a technology licensor and process engineering design company based in Rome, Italy.

Biden-Harris administration proposes strongest-ever pollution standards for cars and trucks

The U.S. Environmental Protection Agency announced new proposed federal vehicle emissions standards that will accelerate the ongoing transition to a clean vehicles future and tackle the climate crisis.