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Europe

Russia's Sibur strikes deal to issue carbon credits from solar project

Russia's Sibur, the largest petrochemical producer in eastern Europe, said it plans to start issuing carbon credits outside Russia after reaching a deal at the COP28 climate summit to register a solar project with a new international program.

BASF launches Irgastab PUR 71, a cutting-edge antioxidant improving regulatory compliance and performance for polyols and polyurethane foams

BASF presents Irgastab PUR 71, an innovative and advanced anti-scorch solution that not only ensures adherence to regulations but also offers exceptional performance.

X-Press Feeders plans to use green methanol for ships in Europe in Q2 2024

Singapore-based container shipper X-Press Feeders plans to use green methanol bunker to fuel part of its fleet in Europe in the second quarter of 2024.

Solvay and ENOWA plan to build first carbon-neutral soda ash plant in NEOM before 2030

Solvay is partnering with ENOWA, NEOM’s energy and water company, to establish the world’s first carbon-neutral soda ash production facility in NEOM, Saudi Arabia.

Neste partners with Coleman Oil Company to make renewable diesel more widely available in Washington State (U.S.)

Neste has partnered with Coleman Oil Company to enable cities and businesses to have easier access to Neste MY Renewable Diesel in the state of Washington in the U.S.

RTX's Pratt & Whitney Canada and Leonardo achieve first 100% SAF flight with AW139 helicopter

Pratt & Whitney Canada and Leonardo today announced the successful completion of the first flight for an AW139 helicopter powered by the PT6C-67C engine using 100% SAF.

Maersk to deploy first large methanol-enabled vessel on Asia - Europe trade lane

Maersk is about to launch the first of its 18 large methanol-enabled vessels currently on order. On 9 February 2024, it will enter service on the AE7 string connecting Asia and Europe, which includes port calls in Shanghai, Tanjung Pelepas, Colombo and Hamburg, with Ningbo, China, being its first destination.

India’s Russian oil imports seen rising on lower prices

Easing global oil prices would help India boost imports from Russia as a lower than $60 a barrel price of Russian oil will enable buyers to use Western services such as insurance and ships.

INEOS announces the acquisition of the LyondellBasell ethylene oxide & derivatives business and production facility at Bayport, Texas (U.S.) for $700 MM

INEOS has announced an agreement with LyondellBasell to buy its ethylene oxide & derivatives business including the Bayport Underwood site, Texas.

Heidelberg University and BASF extend collaboration at jointly operated catalysis laboratory CaRLa for five more years

BASF and Heidelberg University will continue to jointly operate the Catalysis Research Laboratory for a further five years.