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Economics

Singapore's middle distillates stocks at 5-mth low on higher jet fuel/kerosene exports

Singapore's middle distillates stockpiles hit a five-month low as higher jet fuel/kerosene exports outweighed declines in gasoil/diesel exports.

Alberta examines options for its investment in the Sturgeon Refinery

Alberta Premier Danielle Smith is exploring options to address the province's recent losses stemming from the Sturgeon Refinery.

Borouge signs $44-MM supply agreement with NAFFCO

Borouge Plc announced the signing of a $44-MM agreement with NAFFCO to supply NAFFCO’s local and regional infrastructure projects with Borouge’s innovative and sustainable polyethylene materials.

Lummus strengthens position in circular economy

Lummus Technology announced a major investment in Resynergi, a pioneering leader in plastic recycling technology, to scale production of Resynergi's modular Continuous Microwave Assisted Pyrolysis technology.

Celanese begins carbon capture and utilization operations at Clear Lake, Texas (U.S.) facility

Celanese Corporation announced it has begun running a carbon capture and utilization project at its Clear Lake, Texas (U.S.), site as part of its Fairway Methanol joint venture with Mitsui & Co., Ltd.

Nextchem to create an "e-Factory for carbon-neutral Chemistry" with Newcleo

MAIRE announces that NEXTCHEM, through its subsidiary NextChem Tech, thanks to its expertise in chemistry and electrochemistry, has launched a new model for “e-Factory for carbon-neutral Chemistry”.

Nigeria's NNPC allocates four February crude oil cargoes to Dangote refinery

Nigeria's state oil company NNPC is expected to supply four crude cargoes from its February program to the $20-B Dangote refinery, which is poised to begin operations after years of construction delays.

thyssenkrupp Uhde signs Master Agreement with Ma’aden and Metso on phosphogypsum recycling and CO2 capture project

thyssenkrupp Uhde has signed a master agreement with Ma’aden for the development, engineering and licensing of a calcination plant for phosphogypsum processing.

8 Rivers announces Cormorant Clean Energy Project, the first commercial deployment of 8RH2 ultra-low carbon hydrogen technology

The ultra-low-carbon ammonia production facility located in Port Arthur, Texas will produce an estimated 880,000 tons of ammonia per year and accelerate decarbonization of transportation, industrial processes, and agriculture across the Gulf Coast region.

China's oil production rises to 208 MMt in 2023

China's crude oil production rose to 208 MMt in 2023, equivalent to 4.16 MM bpd.