Economics
Russia's seaborne diesel exports drop 21% in May
Russia's seaborne diesel and gasoil exports were 21% lower in May from a month earlier at about 3.1 million tons as seasonal refinery maintenance cut supply and domestic demand rose.
Germany's conundrum: Energy transition goals increase chemical sector's challenges
Europe's largest economy is also one of the region's most aggressive advocates for shifting energy systems away from fossil fuels, and leads the continent in emissions reduction targets and investments in renewable energy supplies.
Added benefits of control-valve environmental packing
Packing selection used to be a straightforward task that played a small part in a valve specification process that was much more involved.
Business Trends: The journey to sustainable profitability: How to benchmark the efficiency of your investment
Because it provides the energy and materials required for global development, the refining industry is critical to the world economy.
Oil edges up after steep losses ahead of U.S. debt ceiling vote
Oil prices edged up after steep losses in the prior session, as market participants awaited an expected vote on a bipartisan deal to lift the $31.4-T U.S. debt ceiling.
Lyondell Basell delays refining business exit to 2025
Chemical maker Lyondell Basell Industries said that it plans to delay its refining business exit from year-end 2023 to no later than the end of the first quarter 2025.
Top shipper of Russian oil secures Indian cover as Western certifiers exit
An Indian agency has stepped in to provide safety certification for most of Gatik Ship Management's fleet, a major carrier of Russian oil to India, after Lloyd's Register and the American Bureau of Shipping withdrew classification for many of its vessels, records show.
Mexico's gasoline independence dream sinks in dirty fuel oil glut
Mexico's president took office in late 2018 pledging to boost local output of gasoline while phasing out imports, but so far state refineries have instead set a different course: bumper production of highly contaminating fuel oil.
Technip Energies, LyondellBasell and Chevron Phillips Chemical sign MOU for electric steam cracking furnace
Technip Energies, LyondellBasell and Chevron Phillips Chemical announced the signing of a Memorandum of Understanding for the design, construction and operation of a demonstration unit for Technip Energies’ electric steam cracking furnace technology (eFurnace by T.EN) to produce olefins.
ExxonMobil signs carbon capture agreement with Nucor Corporation, reaching 5 MTA milestone
ExxonMobil Low Carbon Solutions’ newest carbon capture and storage agreement – with Nucor Corporation, demonstrates their continued momentum in helping industrial customers reduce emissions.
- Ineos to invest £150 MM at Grangemouth site 12/17
- KBR’s methanol technology selected by Fikrat Al-Tadweer for the first biomethanol plant in Saudi Arabia 12/17
- Digital Exclusive: Root cause analysis on hydrochloric acid corrosion in a diesel hydrotreater unit 12/16
- Digital Feature: Enabling growth through strategic cost optimization for petrochemical and refining companies 12/16
- Rohm awards NextChem feasibility study for PMMA-polymer chemical recycling plant project 12/16
- Westlake to rationalize certain North American chlorovinyl and styrene assets 12/16
