Economics
Singapore fuel oil inventories draw for second consecutive week
Singapore's onshore fuel oil inventories fell for a second straight week as an uptick in exports exceeded a climb in imports.
Russia's Novatek resumes processing at damaged Ust-Luga complex
Russian energy company Novatek resumed gas condensate processing at its Ust-Luga complex after the site was damaged last month by a suspected Ukrainian drone attack.
EE North America and Montauk Renewables forge agreement for biogenic CO2 delivery
In a pivotal move towards sustainable energy solutions, EE North America and Montauk Renewables, Inc. have signed a long-term contract for the delivery of 140,000 tpy of biogenic CO2 over a minimum 15-year term.
Mabanaft is granted $13 MM in funding for the construction of a new solar methanol plant in Australia
Together with Australian renewable energy company Vast, Mabanaft is assessing to build a demonstration plant with a capacity of around 7,500 tons of green methanol per year.
Shell quits Iraqi petrochemicals plant talks
Oil major Shell has withdrawn from talks on building a petrochemicals plant in the southern oil hub of Basra.
The European aviation association urges policymakers to enhance their efforts in promoting SAF
European aviation associations, part of the DESTINATION 2050 alliance, urge EU policymakers to enhance efforts for a leading SAF industry.
Red Sea, Russian refinery attacks tighten Asia naphtha supplies
Prices of naphtha, a key petrochemical feedstock, have jumped in Asia as drone attacks on Russian refineries and the Red Sea shipping crisis have disrupted European shipment.
Russia's Ilsky refinery plans to restart damaged unit this week
Russia's export-oriented Ilsky oil refinery plans to resume operations at its damaged primary processing unit this week.
Grace licenses second UNIPOL polypropylene process technology reactor to China Coal Shaanxi Energy & Chemical Group Co., Ltd.
W.R. Grace & Co. announced that China Coal Shaanxi Energy & Chemical Group Co., Ltd. has expanded its license for Grace’s UNIPOL PP process technology, doubling its polypropylene production capacity from 300 to 600 kpy.
Dow announces completion of inaugural green bond offering
The Dow Chemical Company, a wholly owned subsidiary of Dow, announced today the closing of its green bond offering of $600 million aggregate principal amount of 5.150% notes due 2034 and $650 million aggregate principal amount of 5.600% notes due 2054.
- Essar launches hydrogen power plant at Stanlow refinery (U.K.) 7/16
- Trelleborg partners with Airbus on hydrogen-powered air travel 7/16
- Neste, Mitsubishi Corporation agree on strategic partnership to develop supply chains for renewable chemicals and plastics 7/16
- Vale, Komatsu and Cummins announce collaboration to develop dual-fuel large trucks, powered by ethanol and diesel 7/16
- Mexico–U.S. energy trade value fell in 2023 on lower fuel prices 7/16
- Belarus' Mozyr oil refinery restoring operations after outage due to storm 7/16
- Digital Exclusive: SPECIAL FOCUS: Digital Technologies—Utilize process simulation digital twin to optimize condensate yield
- Digital Exclusive-Flare system design: Liquid pockets in flare headers
- Hydrogen-rich content gasoline: A new concept for paraffinic gasoline reformulation
- Alarm rationalization at Kuwait National Petroleum Company (KNPC) refineries
