Environment
Editorial Comment: As petrochemicals demand increases globally, novel processes, systems and technologies continue to evolve
Over the next 25 yr, global petrochemicals demand is forecast to increase exponentially, rising from approximately 450 MMtpy in 2025 to > 500 MMtpy in 2035 and upwards to nearly 600 MMtpy by 2050.
Business Trends: A 2024 and beyond outlook for the GCC chemical industry
The global chemical industry faced a challenging year in 2023. Various factors contributed to sluggish demand growth for chemicals globally, including the European recession, U.S. inflation and a lower-than-expected chemical demand rebound in China. These factors resulted in global chemical market growth of < 1% in 2023, with many producers experiencing lower output.
Innovations: Digital Valve Controller Offers Embedded Edge Computing to Streamline Workflows, Optimize Performance
In late 2023, Emerson released its Fisher™ FIELDVUE™ DVC7K Digital Valve Controller, a new design improving upon 30 yr of field-proven innovation.
More than 20% of global oil refining capacity at risk, analysis finds
More than a fifth of global oil refining capacity is at risk of closure, energy consultancy Wood Mackenzie found in analysis published, as gasoline margins weaken and the pressure to reduce carbon emissions mounts.
Emirates adds SAF on flights from Amsterdam Schiphol Airport
Emirates has commenced the activation of its fuel agreement with Neste at Amsterdam Schiphol Airport, with over 2 million gallons of blended SAF to be supplied into the fueling system throughout 2024.
Shipping industry faces fuel dilemma in bid to cut emissions
The shipping industry is increasingly pressured to decarbonize, yet the path to achieving net zero is complicated by unclear regulatory guidelines, particularly concerning the types of cleaner fuels large vessels should use, leaving players reluctant to commit to one less carbon-intensive fuel over another for their fleets, be it hydrogen-carriers methanol, ammonia, biodiesel, or LNG.
Global energy giants commit to accelerated transition to low-carbon future
At CERAWeek by S&P Global in Houston, Texas, executives met to network and discuss strategies for scaling technologies of the future. In a panel moderated by Atul Arya, Senior Vice President and Chief Energy Strategist at S&P Global, the panelists discussed the large-scale deployment of various technologies over the next several decades, including renewables, carbon capture, utilization and storage, hydrogen and much more.
Audubon launches unprecedented vapor recovery & reuse system for EPA compliance
Audubon Engineering Company introduced its patented Vapor Upcycle System as a sustainable-energy solution for capturing and reusing hazardous air pollutants.
ABB and Cap Clean Energy collaborate to help SAF production take off
ABB has signed an agreement with Cap Clean Energy to collaborate on SAF production sites in the Canadian provinces of Manitoba, Saskatchewan and Alberta.
Cathay Pacific elevates decarbonizing aviation with new SAF target
Cathay has further demonstrated its unwavering dedication to decarbonizing the aviation industry, setting a new target to improve its carbon intensity by 12% from the 2019 level by 2030 using SAF.
- ExxonMobil plans 1 Blbs/yr of advanced recycling by 2027 11/22
- Gauging the likely Trump effect on U.S. energy and power sectors 11/22
- Russia's Lukoil restoring cracker at NORSI refinery, gasoline output rising 11/22
- Nigeria's local currency crude sales fall short of target, Dangote refinery says 11/22
- U.S. October gasoline imports hit post-pandemic low on slump in European shipments 11/22
- Clean Hydrogen Works awards McDermott FEED contract for Ascension Clean Energy (ACE) project 11/21
