Greenhouse Gases
Maersk's shipping future includes dual-fuel vessels, continuing decarbonization of marine transport
Maersk is in the process of signing newbuilding orders and time-charter contracts for dual-fuel vessels (methanol and liquified dual-fuel propulsion systems) matching the planned renewal pace of around 160,000 TEU/yr.
U.S. DOE awards $41 MM for renewables-to-liquids/chemicals projects
The U.S. Department of Energy announced $41 MM for 14 projects to develop technologies, renewables-to-liquids, for harnessing renewable energy to produce liquids for sustainable fuels or chemicals.
Mitsubishi Heavy Industries, Taiwan Fertilizer sign MoU to study a fuel ammonia value chain in Taiwan
Mitsubishi Heavy Industries, Ltd. has entered into a Memorandum of Understanding with Taiwan Fertilizer Co., Ltd. to conduct a joint pre-feasibility study that will explore the establishment of an ammonia value chain in Taiwan, in support of Taiwan's "2050 Net-Zero Emissions" goal.
OCI Global to sell its clean ammonia project in Texas (U.S.) to Woodside Energy for $2.35 B
OCI Global has entered into a binding equity purchase agreement for the sale of 100% of its equity interests in OCI’s 1.1-MMtpy clean ammonia project under construction in Beaumont, Texas to Woodside Energy Group Ltd for $2.35 B.
Gunvor joins VARO to jointly develop large-scale SAF manufacturing facility
Gunvor Group will join VARO Energy in building a large-scale sustainable aviation fuel (SAF) manufacturing facility at the Gunvor Energy Rotterdam site through a proposed joint venture.
Illimity Bank provides financing for ISAB refinery upgrade in Italy
Illimity Bank said it had structured a financing deal worth more than 400 MM euros for Italian refinery ISAB, which plans to reduce the environmental impact of its activities under a 1.4-B euro investment plan.
Brazil's JBS supplies animal waste for production of sustainable aviation fuel
Brazilian meatpacker is supplying animal waste from its operations abroad for the production of renewable aviation fuels and is studying a similar initiative in Brazil through the Friboi brand.
Drive efficiency and sustainability through process optimization
Business philosophies often stress the importance of continuous improvement to gain sustainable competitive advantages.
Decarbonizing steam crackers: Key technical challenges of transitioning from natural gas to hydrogen
In the petrochemical industry, olefin crackers utilize significant amounts of heat to crack hydrocarbons into essential chemicals, such as olefins and aromatics.
Potential energy: Meeting demand as the H2 industry evolves
Hydrogen is a critical resource for many industries, especially as sustainability remains a high priority.
- NAPCOR releases 2024 PET recycling report highlighting system efficiency gains and continued strength of PET circularity 12/12
- OQ courts other partners for petrochemical complex in Oman as SABIC drops out 12/12
- Brazil's BNDES approves $71 MM for carbon storage project 12/12
- Cuba on edge as U.S. seizure of oil tanker puts supply at risk 12/12
- China oil demand to plateau between 2025 and 2030 12/12
- Germany's PCK refinery says no impact from pipeline leak 12/12
