China is expected to import a record amount of crude oil in 2023 due to increased demand for fuel as people travel more following the dismantling of COVID-19 controls and as a result of new refineries coming onstream.
Nexus Circular has signed a long-term commercial agreement with Chevron Phillips Chemical for the supply of a significant volume annually of circular liquid feedstocks from a new advanced recycling facility.
Digitalization has impacted the world of refining for the past several decades.
One of the biggest challenges to the crude oil refining industry over the past decades is the development of technologies capable of reducing the environmental impact of crude oil derivatives, while also raising their performance.
Topsoe, a leader in carbon emission reduction technologies, and Steeper, a pioneer within biomass conversion technologies, have signed a global licensing agreement for a complete waste-to-fuel solution.
Phillips 66 announced it has received International Sustainability and Carbon Certification (ISCC) PLUS certification for its Sweeny Refinery in Texas to process oil made from waste plastics into feedstocks for new plastics.
Together, Mabanaft and Hapag-Lloyd will assess the viability of and the options for the safe handling of clean ammonia as a bunker fuel in and around the Port of Hamburg.
Maire Tecnimont announceD that, through its subsidiary NextChem, it is expanding into the high-value derivates and biodegradable plastic by-products licensing markets with the acquisition of an 83,5% stake of Conser.
Asahi Kasei, a diversified Japanese multinational company, has developed a new technology for recycling carbon fiber plastic compounds together with the National Institute of Technology, Kitakyushu College and Tokyo University of Science.
In November 2022, Neste announced that it would acquire the used cooking oil (UCO) collection and aggregation business and related assets on the U.S. West Coast from Crimson Renewable Energy Holdings.