Europe
INEOS to cease phenol production at German site, cites high European energy costs and CO2 tax policy
INEOS Phenol, the world's largest producer of phenol and acetone, announced its intention to permanently stop production at their site in Gladbeck, Germany. Sky high European energy costs alongside Europe’s punitive CO2 tax policy have combined to leave Europe uncompetitive against imported Chinese production and a global oversupply.
UPM Biochemicals receives triple sustainability certification for the Leuna biorefinery
UPM Biochemicals announced that its new biorefinery in Leuna, Germany, has achieved ISCC PLUS, PEFC, and FSC™ chain-of-custody certifications.
Repsol's petrochemical complex shut down after power supply failure
Repsol is working to restart a petrochemical complex in central Spain after it had to shut it down due to an external power supply failure, a spokesperson said.
Russia says it struck oil refinery that supplies Ukrainian army with fuel
Russian forces carried out an overnight strike on the Kremenchuk oil refinery that supplies fuel to Ukrainian forces in the Donbas region, Russia's defence ministry said on Sunday.
Decision on oil refiner Italiana Petroli's sale expected around end-June
Italiana Petroli, which is currently in talks with three suitors interested in buying the oil refiner, is expected to take a decision on the potential €3-B ($3.5 B) deal around the end of this month.
EU to subsidize high volume of greener aviation fuel to boost airline demand
The European Union has offered to subsidize airline purchases of more than 200 MM liters (l) of sustainable aviation fuels (SAF) to encourage carriers to swap kerosene for cleaner alternatives.
Solvay, Veolia inaugurate new unit for recycling industrial flue gas treatment residues in Meurthe-et-Moselle, France
Veolia and Solvay, via their subsidiary Resolest, a specialist in the recycling of industrial flue gas treatment residues, have inaugurated a new unit increasing capacity of the Rosières-aux-Salines site in Meurthe-et-Moselle (54).
BASF starts up new world-scale plant for hexamethylenediamine in Chalampé, France
BASF has successfully started its new world-scale hexamethylenediamine (HMD) plant in Chalampé, France, construction of which began in 2022. The plant increases BASF’s annual HMD production capacity to 260,000 t.
Russia's offline primary oil refining capacity revised up 21% in July
Russia's offline primary oil refining capacity expected in July has been revised up by 21% from the previous plan to 3.2 MM tonnes (t) due to adjustments to maintenance plans.
INEOS Olefins & Polymers Europe launches new advanced recycled plastic production at Lavera site in Southern France
INEOS Olefins & Polymers in Lavera, Southern France, has received the first deliveries of an innovative feedstock made from recycling plastic waste. This product, called pyrolysis oil, will be used to manufacture recycled polymers, helping its customers meet the EU requirements for food contact, medical and sensitive plastic packaging to have a minimum of 10% recycled content by 2030.
- 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
