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Management

Financial alliances build as Citgo share auction enters last mile

At least five groups of investors submitted binding bids this month in a U.S. court-ordered auction of shares in Citgo Petroleum's parent, and three have secured financing commitments for Venezuela's foreign crown jewel.

Glocal Green, Norwegian Hydrogen to build large-scale bio-eMethanol facility in Norway

Ålesund-based Glocal Green and Norwegian Hydrogen have entered into a collaboration agreement on large-scale production of what is also known as bio-e-methanol.

Digital Exclusive: The eight best practices for moving safety from compliance to a culture of care

In this article, Owens Corning discusses the importance of safety and provide best practices to institute a culture of safety within an organization.

Element Fuels readies site for H2-powered refinery in south Texas (U.S.)

Located within the Port of Brownsville, the complex is designed to exclusively process domestic high-gravity shale oil into high-octane, low-carbon fuels and low-carbon hydrogen, produce reliable electricity.

Synhelion and Pilatus launch strategic partnership to scale solar fuels

Synhelion and Pilatus Aircraft Ltd enter into a strategic cooperation with the aim of accelerating the scaling of solar fuels for aviation.

Airlines and energy firms clash over green fuel supplies

Airlines and energy firms clashed over scarce availability of alternative fuels on Tuesday as carriers ended a three-day summit struggling to square near-record demand with supply chain problems and pressure to meet environmental goals.

Talks end on Shell MiRO refinery stake sale to Czech firm

Talks on the sale of Shell Deutschland's 32.5% stake in Mineraloelraffinerie Oberrhein GmbH (MiRO) in the southern German city of Karlsruhe to Czech state-owned pipeline operator MERO have ended without an agreement.

Taiwan's Formosa plans June run cuts due to weak refining margins

Due to weak margins, Taiwan's Formosa Petrochemical Corp plans to cut run rates at its crude distillation units by 40,000 barrels per day (bpd) to 440,000 bpd in June.

Lummus Technology takes lead position in RWDC Industries, accelerating development of first commercial-scale PHA facility

Lummus Technology has taken a lead investor position in RWDC Industries' convertible bond round, further strengthening the partnership between the two companies to bring polyhydroxyalkanoates (PHA) to the global market.

BASF to expand polyamide and polybutylene terephthalate capacities in India

BASF India Ltd. will increase the production capacity of its Ultramid® polyamide (PA) and Ultradur® polybutylene terephthalate (PBT) compounding plant in Panoli, Gujarat and Thane, Maharashtra, India.