Economics

Synergize FCCUs and hydrocracking processing units to maximize refining margins

Optimize process design and commercialize newly developed processes through close collaboration between licensor and client

This case study follows the installation of new sulfur recovery units in Kuwait by Kuwait Oil Co. This article highlights key aspects of collaboration and technological advancement in process design development and project execution between the operator and licensor to the benefit of both parties.

Thai SCG Chemicals unit seeks Vietnam tariffs as operations at new complex remain suspended

Vietnam's Long Son Petrochemicals, a unit of Thailand's SCG Chemicals, is lobbying Vietnam to impose tariffs on imported polyethylene and polypropylene, as operations at its new $5.4 billion petrochemical complex remain suspended due to low margins.

VDMA valves association market analysis: Industry standstill looms after a strong 2024

The industrial valves industry performed better than expected in 2024 despite adverse conditions. Overall, nominal sales growth of 6% was achieved. While European business declined by 1%, international sales climbed by 11%.

Opinion: bp’s green failure offers Big Oil a lesson in moderation

bp has returned to its oil and gas roots in a spectacular about-turn following its trailblazing attempt five years ago to become a renewables giant. The takeaway for Big Oil is that the energy transition is a marathon, not a sprint.

Nextchem to provide technology for Pacifico Mexinol's ultra-low carbon methanol plant (Mexico)

When it initiates operation in 2028, Pacifico Mexinol's facility is expected to be the largest single ultra-low carbon methanol facility in the world, producing approximately 350,000 tpy of green methanol and 1.8 MMtpy of blue methanol from natural gas with carbon capture.

Quanta Technologies unveils new LEADR FCC refining catalysts

The technology improves the environmental and diffusion performance of Fluid Cracking Catalysts (FCC) by narrowing the particle size distribution of the catalyst.

The European chemical industry is becoming extinct: An open letter from INEOS CEO Sir Jim Ratcliffe

The chemical industry in Europe has been hugely important to the success of the European economy over the last century. With revenues of around one trillion euros, it is similar in size to the automotive sector. But chemicals in Europe is facing extinction. Government policies have resulted in enormously high energy prices and crippling carbon tax bills.

Argus Media to launch new Middle East gasoline assessment

Price assessment agency Argus Media will create a new Middle East gasoline benchmark in part due to rising output and trading in the region.

U.S. crude stockpiles fall as refining picks up, fuel inventories build, EIA says

U.S. crude oil stockpiles fell unexpectedly last week as refining activity ticked higher, while gasoline and distillate inventories posted surprise builds.