Petrochemicals
U.S. Energy Department to allocate $118 MM to biofuels projects
The U.S. Department of Energy (DOE) this week will announce over $100 MM in funding to expand U.S. biofuels production, as the Biden administration works to cut greenhouse gas emissions from transportation and meet climate goals.
Veolia Water Technologies & Solutions and OLI Systems to team up for digital transformation projects
Veolia Water Technologies & Solutions announced a collaboration with OLI Systems, a leader in water chemistry-based process simulation and electrolyte thermodynamics, to optimize operating performance in the refining and petrochemical industries.
Baltic states bought twice as much Russian LPG last year
Russian exporters more than doubled sales of liquefied petroleum gas to the Baltic states in 2022, some of which was sold on to Ukraine, according to data from three trading and freight-handling sources covering the region.
Sonatrach, Sasol to produce 'low carbon' hydrogen in Sicily
Algerian state energy company Sonatrach is teaming up with South Africa's petrochemical group Sasol on a project in Sicily to produce "low carbon" hydrogen and synthetic natural gas (syngas) as well as to capture and reuse CO2.
BASF shareholders say Russia exit sets up oil and gas IPO
BASF investors said that oil and gas business Wintershall Dea's exit from Russia, though painful, clears the way for plans to take it public and for BASF to focus on its chemicals operations.
Nuberg EPC wins 550 TPD sulfuric acid plant project in Czech Republic
Sulfuric Acid produced by the 550 TPD sulfuric acid plant project in Czech Republic will be used for petrochemical and fertilizer based applications.
Crude oil prices forecast to decline beginning in the second half of 2023
In the EIA's January 2023 Short-Term Energy Outlook, it was forecast the Brent crude oil price (the global benchmark) will rise from an average $81 per barrel (b) in December 2022 to average $83/b in the first quarter of 2023.
Green industries could be worth $10.3 T to economy by 2050
Industries helping the world shift to net-zero emissions could be worth $10.3 T to the global economy by 2050, sustainable development consultancy Arup and economics advisory firm Oxford Economics said in a report on Tuesday.
Sinopec releases China Energy Outlook 2060, anchoring new path of energy transformation development
This is Sinopec’s first publicly released research findings of their medium and long-term energy outlook, providing a new perspective for the scientific planning of transformation and development of China’s energy and chemical industries.
Maire Tecnimont signs already announced $1.3 B EPC petrochemical contract
The $1.3 B EPC Lump Sum contract, already announced on December 21, 2022, is part of this complex and has been awarded to Tecnimont by a Joint Venture composed of QatarEnergy and Chevron Phillips Chemical.
- U.S. SAF production forecast to eclipse 50,000 bpd by 2026 7/17
- Pertamina expects Balikpapan's CDU IV to resume later this month 7/17
- Exxon shut Joliet, Illinois, refinery after power outage 7/17
- ExxonMobil introduces Enable™ 1617 performance polyethylene 7/17
- Hexagon’s HxGN SDx2 helps industrial enterprises engineer, monitor and optimize global assets, operations 7/17
- Mabanaft submits approval documents for planned ammonia import terminal in Hamburg 7/17
- Digital Exclusive: SPECIAL FOCUS: Digital Technologies—Utilize process simulation digital twin to optimize condensate yield
- Digital Exclusive-Flare system design: Liquid pockets in flare headers
- Hydrogen-rich content gasoline: A new concept for paraffinic gasoline reformulation
- Alarm rationalization at Kuwait National Petroleum Company (KNPC) refineries
