Europe

New plan to unlock the bioeconomy’s potential

Bio-based products derive from biological resources on land and in the sea. Bio-based chemicals, for example, can be made from algae that are used to produce pharmaceuticals, personal care products and industrial applications. Bio-based plastics are used in packaging and automotive parts. And bio-based construction productions, textile fibers and fertilizers are increasingly in demand.

Ammonia cracking: Bringing an industrial unit in Antwerp to life

In Antwerp, a unique pilot ammonia cracking unit has emerged. More than a technological feat, it is the culmination of genuine teamwork in service of the energy transition. This unit, now operational, will make it possible to convert ammonia into hydrogen on an industrial scale, and paves the way for new low-carbon supply chains.

Phillips 66 completes sale of majority interest in Germany and Austria retail marketing business

ICEs are now officially a minority in the EU

Serbia says U.S.-sanctioned NIS oil refinery idle until Dec. 2, seeks sanctions waiver

The U.S. Treasury Department’s Office of Foreign Assets Control imposed sanctions on NIS in October, as part of wider sanctions against Russia's energy industry, after a series of waivers since January.

OCI Global announces sale of OCI Ammonia Holding to AGROFERT

OCI Global has reached an agreement for the sale of 100% of its equity interests in OCI Ammonia Holding B.V. to AGROFERT, a significant European nitrogen products manufacturer, for a total consideration of €290 MM.

Moeve wins the BASF award for best circular economy practice in Spain

Moeve has been honored with the BASF Award for best circular economy practice in Spain, in the large company category, for its Recycled Flexitank Project for the Transport of Chemical Products.

Uniper and thyssenkrupp Uhde sign framework agreement on the use of ammonia cracking technology

The agreement covers up to six large-scale plants with a total capacity of 7,200 metric tpd of ammonia. The use of hydrogen from ammonia on an industrial scale will make a significant contribution to the decarbonization of national and European industry.

In plea to EU, Stellantis chairman warns European car industry risks 'irreversible decline'

The European Commission is due to present a package of proposals for its scheduled review of EU carbon emissions regulation for the auto industry on December 10.

Russia sees scope for oil exports boost to China, urges cooperation in LNG

China and India have become the main buyers of Russian oil since the start of Russia's military campaign in Ukraine in February 2022.