Europe

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.

SOCAR close to buying oil refiner Italiana Petroli

Ukraine to curb Indian diesel imports amid Russian oil ties

Ukraine will restrict imports of diesel fuel originating in India, which purchases a significant portion of its crude oil from Russia starting October 1, Ukrainian energy consultancy Enkorr said.

EU brings forward review of 2035 zero-emissions vehicles target

The European Union has set a target of 100% reduction of CO2 emissions for new cars and vans by 2035, which has been taken to mean the end of the internal combustion engine for new vehicles.

EU may list independent Chinese refineries in new Russia sanctions package

The Commission may propose the new package as soon as Friday after an EU delegation returns from sanctions talks in Washington.

Diesel tweaks help truckmakers hit EU climate targets

Heavy-duty vehicles (HDVs)—which are almost entirely diesel-powered—account for a quarter of Europe's road transport emissions.

BASF launches the world’s first thermoplastic polyamide with high water permeability

With the launch of Ultramid® H33 L, BASF is introducing the world’s first thermoplastic polyamide with a high water permeability to the market.

U.S. tariffs worsen petrochemical sector challenges, executives warn

ORLEN Unitpetrol completes remediation work on the Litvinov chemical complex's ethylene unit