Petrochemicals
India eyes energy deals with Rosneft, other Russian companies
India wants to strengthen its energy ties with Russia and could seek deals with Rosneft and other leading Russian oil firms as part of a broader push to boost bilateral trade.
Oil companies, refineries in Texas restoring operations following hurricane Beryl
Oil and gas companies in Texas were restarting operations on Tuesday after Hurricane Beryl lashed the state with 80-mph winds, damaging property and leaving millions of people without power.
Hurricane Beryl knocks out power as it churns across Texas, slows refinery activities, impels port closures
Hurricane Beryl lashed Texas with strong winds and heavy rain on Monday as it churned inland, forcing the closure of oil ports, cancellation of hundreds of flights and leaving nearly 2 MM homes and businesses without power.
Enviro receives order for 500 tons of tire pyrolysis oil from repeat customer
Scandinavian Enviro Systems (Enviro) has received an order for deliveries of 500 tons (t) of recovered pyrolysis oil from a leading European oil player. The oil, which will be produced at Enviro’s facility in Åsensbruk, will be delivered during the fall of 2024.
China petrochemical group Hengli plans $1.3-B investment in shipbuilding
Hengli Group, privately-controlled Chinese oil refiner and petrochemicals producer, said on Monday it will invest 9.2 B yuan ($1.3 B) in shipbuilding in northeast China, two years after it acquired South Korean shipyard STX's assets.
LOTTE Chemical develops high-intensity, flame-resistant PP products for electric vehicle batteries
LOTTE Chemical has developed high-intensity, flame-resistant polypropylene products that can delay thermal runaway in electric vehicle batteries.
Samsung C&T to build Korea's fist ammonia import terminal for co-firing power generation
The terminal will include facilities for storing, unloading, and transporting ammonia. A 30,000-ton storage tank will be used to compress and store ammonia for co-firing power generation. The terminal will also use a fuel blend comprised of at least 20% ammonia for co-firing with coal to reduce carbon emissions.
World’s first supply chain established for sustainable polyester fiber based on CO2-derived, renewable and bio-based materials
A consortium of seven companies across five countries has jointly established a supply chain for more sustainable polyester fiber. Instead of fossil materials, renewable and bio-based materials as well as carbon capture and utilization will be used in the manufacturing of polyester fibers.
NEXTCHEM (MAIRE) awarded new contracts for proprietary equipment, technology, engineering services
MAIRE has announced that NEXTCHEM (Sustainable Technology Solutions) has been awarded new contracts for an overall value of approximately €30 MM by leading international clients, mainly in the Middle East and Europe.
Innovations
Compact, rugged PC built to connect the industrial floor to the cloud
- ITT to acquire SPX Flow for > $4.77 B, expanding leadership in highly engineered components and adjacent flow technologies 12/5
- MOL Group introduces eco-friendly Bag-in-Box packaging for lubricants 12/5
- Addis Energy secures $8.3 MM to scale its transformative approach to low-cost ammonia production 12/5
- World Fuel Services supplies cruise line with waste-based biofuels 12/5
- Chevron announced $18 B-$19-B CAPEX budget for 2026 12/5
- Russia and India sign deal to build urea plant in Russia 12/5
