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Economics

Russia's oil/gas revenues fall 40% in January

Russia's revenues from oil and gas exports dropped by nearly 40% in January as price caps and Western sanctions squeezed the proceeds from Moscow's most lucrative export, the International Energy Agency said on Tuesday.

New state-of-the-art in sulfur recovery?—Part 3: Economic benefits

Worley Comprimo: Njuguna, H.  |  Lewis, J.
Topsoe Inc.: Jensen, F. E.

Worley Comprimo and Topsoe have developed a new sulfur recovery processa that combines conventional Claus technology from Comprimo with the proven wet gas sulfuric acid (WSA) process from Topsoe.

Crude C4 alternatives for a successful grassroots petrochemicals project

Saudi Aramco: Delgado, J.  |  Khvastunkov, M.  |  Marwan, K.  |  Marri, A.

The disposition of the crude C<sub>4</sub> stream from a steam cracker is a project configuration topic that deserves some discussion.

An advanced extractive distillation process for aromatics recovery

Shin-Chuang Technology Co. Ltd.: Lee, F. M.  |  Shen, M. Z. Y.  |  Chen, C. Y.
Cartell Chemical: Chen, Y. H.
International Innotech Inc.: Hsu, K. C. R.

This article focuses on a novel extractive distillation (ED) process for recovering benzene, toluene and xylene (BTX) aromatics from a full-boiling-range pyrolysis gasoline or reformate feedstock—a process that has been commercially demonstrated and is ready for licensing or a JV.

Editorial Comment: Juggling the increasing global demand for thermoplastics vs. reducing their environmental

Hydrocarbon Processing Staff: Nichols, Lee

If you were to review any forecast for global thermoplastics demand to 2050—high-density polyethylene (PE), low-density PE, polypropylene, polyvinyl chloride and polyethylene terephthalate, among others—chances are that you will see a steady rise in consumption.

Colorado refinery outage causing increased fuels pricing

The only petroleum refinery in Colorado shut down in late December after sustaining damage from extremely cold weather, which may tighten gasoline and diesel fuel supplies in the region.

Brazil to resume taxes on fuels

The Brazilian government is set to resume the collection of federal taxes on fuels this week, the Finance Ministry said on Monday.

How a ban on Russian crude affects EU's refining industry

A look at how a ban on Russian crude affects oil exports and the EU's refining industry

CNPC shuffles regional offices to better support global portfolio

China's CNPC has completed a months-long reshuffle with the addition of six regional offices that report to Beijing headquarters to better coordinate and supervise its sprawling global portfolio.

Biden administration releases $2.5 B for carbon capture programs

The Biden Administration announced $2.52 B in funding for two carbon management programs to catalyze investments in transformative carbon capture systems and carbon transport and storage technologies.