Economics
Lummus and Braskem to partner on electrified cracking heater for decarbonization
Lummus Technology, a global provider of process technologies and value-driven energy solutions, and Braskem, the largest bio-based polymer producer in the world, announced today the companies will carry out joint studies related to the industrial demonstration of Lummus' SRT-e electric cracking heater to decarbonize one of Braskem's sites in Brazil.
Boeing secures its biggest purchase of Neste MY Sustainable Aviation Fuel through EPIC Fuels and Avfuel
Boeing has agreed to purchase 7.5 MM gallons of blended Neste MY Sustainable Aviation Fuel in 2024 to support its U.S. Commercial Airplanes business operations in reducing its greenhouse gas emissions.
UAE's Fujairah March marine bunker sales hit highest in more than a year
Marine bunker fuel sales at the United Arab Emirates' Fujairah port hit their highest in more than a year in March 2024, buoyed by firmer global refueling demand after Red Sea shipping disruptions.
Eni to sell stakes in biofuel, bioplastic units by end of 2024
Italian energy group Eni aims to sell by year-end minority stakes in its biofuel and bio-plastic units that could fetch around $1.47 B in total to speed up its energy transition.
Singapore aims for over 1 MMt of low-carbon methanol bunker supply by 2030
Singapore has the potential to supply over 1 MMt of low-carbon methanol annually by 2030 to meet rising demand for alternative bunker fuel.
Radix partners with Cleopatra Enterprise to enhance project controls and turnaround management
Radix, a global technology solutions company, announced that it has signed a partnership agreement with Cleopatra Enterprise, a leading project cost management software company.
Uzbekistan aims to achieve a chemical hub status with the help of Chinese polymer tech
Uzbekistan is embarking on a significant economic transformation with the help of Chinese technology, aiming to capitalize on its natural gas reserves by producing value-added products rather than solely relying on energy consumption.
BASF broadens its range of bio-balanced ingredients for European detergent, cleaning, and industrial formulations
BASF is expanding its biomass-balanced EcoBalanced product range, doubling up on its commitment as a trailblazer in championing environmentally conscious solutions for detergent and cleaning products manufacturers and industrial formulators
Neste to supply SAF to Air New Zealand at Los Angeles International Airport
Neste and Air New Zealand have signed an agreement for the supply of nine million liters of neat Neste MY Sustainable Aviation Fuel.
China's Sinopec completes successful trial of crude to olefin technology
China's Sinopec Corp said it completed a successful trial processing crude oil directly into olefin, making the top Asian refiner one of the world's few companies that have applied the technology at an industrial scale.
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- Honeywell Technology helping to produce SAF with lower cost and waste 4/25
- Nigeria's NNPC partners local firm on new 100,000 bpd refinery 4/25
- Stranded cargo shows credit challenges at Nigeria's Dangote refinery 4/25
- Low U.S. distillate consumption reflects slow economic activity and biofuel substitution 4/25
- Clariant catalysts reduce customers’ footprints by 40 million tons of CO2e in 2023 4/25