Europe
German chemical lobby VCI sees no sector recovery before 2026
Germany's chemical industry lobby VCI does not expect a sector upswing before 2026, even though the rapid downtrend the chemical-pharmaceutical industry has seen in recent years seems to be over.
Saudi Arabia solidifies international partnerships to export renewable energy, green H2 to Europe
The agreements and MoUs were signed during the Renewable Energy and Green Hydrogen Export Workshop, led by ACWA Power under the supervision of the Ministry of Energy.
Russia’s Rosneft slams EU sanctions on India's Nayara refinery
The European Union's 18th package of sanctions against Russia over the conflict in Ukraine, was approved on Friday and is aimed at dealing further blows to Russia's oil and energy industry.
Russian seaborne diesel exports for July 1–15 fall 6% month-on-month
Russia's seaborne diesel and gasoil exports fell by 6% to about 1.43 MM tonnes (t) in the first 15 days of July from the same period in June as refinery maintenance and strong domestic demand affected supplies.
INEOS invests £30 MM to slash emissions at Hull site by 75%
The investment is part of INEOS’ wider strategy to decarbonize its operations across the UK and Europe. INEOS Acetyls is the only industrial scale manufacturer of acetic acid, acetic anhydride, and ethyl acetate in Europe.
BASF and Equinor sign 10-yr natural gas supply agreement
BASF and Equinor have signed a long-term strategic agreement for the annual delivery of up to 23 TWh (around 2 Bm3) of natural gas over a 10-yr period.
Oil prices rise after new EU sanctions on Russia
The EU reached an agreement on an 18th sanctions package against Russia over its war in Ukraine, which includes measures aimed at dealing further blows to Russia's oil and energy industries.
What's in the EU's 18th sanctions package against Russia?
Here are the details of the European Union's 18th sanctions package against Russia over its war in Ukraine, approved on Friday and aimed at dealing further blows to Russia's oil and energy industry.
Moeve and Zaffra sign Memorandum of Understanding to develop eSAF facilities in Spain
Moeve (formerly Cepsa) and Zaffra, a joint venture between Sasol and Topsoe, announce the signing of a Memorandum of Understanding (MoU) that will see the Spanish energy firm and the Amsterdam based electro-sustainable aviation fuel (eSAF) developer take a step forward to advance European aviation fuel decarbonization.
Blue Water significantly reduces CO2 emissions by switching to HVO in port operations
Blue Water is taking a new step in its efforts to reduce the company's CO2 emissions by introducing hydrotreated vegetable oil (HVO) diesel as fuel for port activities in Esbjerg, Aarhus and Lindø, Denmark.
- 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
