CNOOC, Shell JV sign $5.6 B agreement to expand ethylene plant in China

CNOOC and Shell Petrochemicals Company Ltd signed a framework agreement worth $5.6 B with China’s Huizhou city government to expand its ethylene project in the city.

Australia heads for second year of record gasoline, diesel imports

Australia's gasoline and diesel imports are expected to rise 2% to hit a record for a second straight year due to a drop in domestic production and a post-COVID economic recovery boosting fuel demand.

Portugal's EDP to stick with EV charging target after EU e-fuel compromise

Portugal's largest utility, EDP, said a compromise by the European Commission to allow the sale of cars running on e-fuels after 2035 would not impact the company’s target to roll out electric vehicle charging stations.

China's mega private refineries to keep output high to April as margins improve

China's mega private refineries are expected to operate at full processing rates or higher until April as their margins have improved after the government lifted COVID-19 restrictions.

With strict targets looming, European aviation races to make green fuel

Energy giant Repsol has bought into Europe's drive for green jet fuel but believes the $217 M plant it is building in southeast Spain faces a bumpier ride than if it was on the other side of the Atlantic.

CIB to invest C$277 M in Shell-Suncor biorefinery in Quebec

Canada Infrastructure Bank (CIB) said on Monday it would invest C$277 M in a carbon recycling facility in Quebec run by a joint-venture backed by Shell and Suncor Energy Inc.

French strikes keep record crude volumes on the water, crash storage levels

French strike action has led to record amounts of crude and condensate sitting idly offshore while the country's crude stocks have plummeted.

Borouge supplies materials worth $32 M for mega projects in the Middle East and Africa

Borouge Plc is supplying sustainable ‘Made in UAE’ polyethylene materials worth $32 M that are used in several development projects across the Middle East and Africa regions.

Evonik Catalysts invests in capacity expansion to support Activated Nickel Catalysts market

Evonik Catalysts is fully on track to expand its production capacities for activated nickel powder catalysts marketed under the KALCAT and Metalyst brands at its production sites in Germany, and India.

BASF installs first-of-its-kind floating solar system to power McIntosh (U.S.) production site

As part of its sustainability goal of achieving net zero CO2 emissions1 by 2050, BASF has installed an innovative proof-of-concept floating solar system at its McIntosh, Alabama manufacturing site.