Americas
Update: Cancelled and postponed green hydrogen projects
Developers of green hydrogen have scaled back investments and scrapped projects globally as elevated production costs and weak demand for the low-carbon fuel have made many ventures unviable.
HIF Global announces new design for e-Fuels project in Paysandú, Uruguay
As part of an ongoing dialogue process with the community and the government of Uruguay, HIF Global has presented a revised version of its e-Fuels project in the Paysandú Department.
Brazil's Petrobras to invest $4.8 B in integration between Reduc refinery and Boaventura complex
Brazilian state-run oil firm Petrobras will invest 26 billion reais ($4.8 billion) in an integration between the Reduc refinery and the Boaventura energy complex in Rio de Janeiro state.
Braskem completes first sale of circular polyethylene in South America
Braskem has completed the sale of circular polyethylene (PE), produced through chemical recycling, to the Copobras Group.
Brazil's energy minister hints at possible fuel price cuts
Brazil's Mines and Energy Minister Alexandre Silveira suggested that gasoline and diesel prices could soon be lowered in the country, where state-run oil giant Petrobras controls most of the refining capacity.
Air Liquide to invest up to $200 MM in Louisiana, U.S. to support industrial growth
Air Liquide will invest up to $200 MM in Louisiana, U.S., to modernize and connect an air separation unit (ASU) to its existing network.
Maire's NEXTCHEM awarded engineering contract for Pacifico Mexinol's $3.3-B, 2.1-MMtpy low-carbon methanol project
Maire announced that NEXTCHEM has been awarded about €210 million basic engineering and critical proprietary equipment supply contract for the Pacifico Mexinol low-carbon methanol project.
OCI Global completes $1.9-B sale of OCI Methanol to Methanex Corporation
OCI Global announced the successful closing of the divestment of 100% of its equity interests in its Global Methanol Business (OCI Methanol) to Methanex Corporation (Methanex) for $1.9 B.
Wood to design upgrades at Ecopetrol refinery for cleaner fuels production
Wood has been awarded a contract by Colombia's majority state-owned oil company, Ecopetrol, to deliver the detailed engineering design for upgrades at its Barrancabermeja refinery in Colombia.
Peróxidos do Brasil reinforces leadership in South America with new strategic investment in Chile
Peróxidos do Brasil, a joint venture between Solvay and Produtos Químicos Makay (PQM), has announced a new strategic investment in its production unit in Chile, reaffirming its commitment to excellence in supply for customers across various markets in South America.
- Valero Energy beats Q2 profit estimates as refining margins improve 7/24
- SWISS becomes world’s first airline to integrate Synhelion solar fuel into its flight operations 7/24
- Finland's Neste tops earnings forecast on soaring SAF sales 7/24
- Shell restarts hydrodesulphurization unit at Pernis oil refinery after unplanned outage 7/24
- Orlen's Unipetrol will start commissioning ethylene unit after power outage experienced earlier in July 7/24
- Dow forecasts sales below estimates, slashes dividend as downturn takes a toll 7/24
