Europe
Lanzajet, Kazmunaygas (KMG) announce Kazakhstan’s first SAF project advances to engineering and design phase
KMG and LanzaJet recently completed a joint feasibility study, and have agreed to move to the next phase of project development, front-end engineering and design (FEED), during which all technical and economic solutions for construction of the plant will be finalized.
China's ethylene surge could spell more pain for U.S., European chemical firms
The world's second-largest economy operates more than 54 MMtpy of ethylene capacity and is projected to rise about 9% of global 2024 capacity by 2030.
Russian fuel crisis widens after Ukrainian attacks
Ukraine has stepped up drone attacks on Russian energy infrastructure in recent weeks targeting refineries and export terminals to reduce Moscow's export revenues, stir domestic discontent and push the Kremlin to peace talks.
Serbia's NIS oil company seeks seventh waiver of U.S. sanctions
NIS, majority-owned by Russia's Gazprom Neft and Gazprom, operates Serbia's only oil refinery in the town of Pancevo, outside the capital Belgrade.
HyOrc and Start Lda form JV to launch national green methanol platform in Portugal
The project supports Europe’s transition away from fossil fuels and aligns with decarbonization goals in shipping and heavy industry.
Fatal accident at Mongstad refinery
The deceased was employed by Crane Norway, a supplier of crane and lifting services at Mongstad.
Summer diesel margins tighten with European supply shift
This summer, Europe’s increased reliance on imports from the Middle East, coupled with conflict-related disruptions to refineries and escalating geopolitical tensions, contributed to a tightened global diesel market.
INEOS Inovyn to mothball its chloromethane production facility in Tavaux, France
INEOS Inovyn announced that is has mothballed its chloromethane production facility in Tavaux, France. The decision reflects persistently weak market demand, regulatory challenges and increased operational and energy costs.
Update: SOCAR inks deal to buy oil refiner Italiana Petroli
People close to the matter had previously said that Italy's Brachetti Peretti family was seeking an enterprise value of around €2.5 B ($3 B) for the company, which holds some €500 MM in cash.
MOL Petrochemicals conducts first circular feedstock test at its Tiszaújváros site in Hungary
MOL Group has achieved a significant milestone in its SHAPE TOMORROW Strategy by successfully completing its first ISCC PLUS-certified production run using circular feedstock at its MOL Petrochemicals site in Tiszaújváros, Hungary.
- ITT to acquire SPX Flow for > $4.77 B, expanding leadership in highly engineered components and adjacent flow technologies 12/5
- MOL Group introduces eco-friendly Bag-in-Box packaging for lubricants 12/5
- Russia and India sign deal to build urea plant in Russia 12/5
- U.S. liquid fuels groups announce progress on E15, small refinery exemption reform 12/5
- Million Air and Avfuel bring SAF to Austin, Texas (U.S.) 12/5
- Chinese refiners buy oil from storage, raise output with fresh import quota 12/5
