Economics
India buys less Russian oil while Turkey increases its purchases
India's share of Russian Urals oil shipments in September declined from August amid refinery maintenance, while Turkey increased purchases due to a shortage of sour barrels in the Mediterranean.
Belize to launch project to make biofuel from seaweed clogging Caribbean coasts
Belize is developing a pilot project to convert the masses of foul-smelling sargassum seaweed swamping its pristine beaches into biofuel.
Egypt, Maersk's C2X sign agreement worth up to $3 B for production of green fuel
Egypt and Maersk's C2X signed a new framework agreement worth up to $3 B for the production of green fuel and its derivatives in the Suez Canal economic zone.
Saudi Arabia, Russia to continue voluntary oil cuts
Saudi Arabia and Russia said they were continuing voluntary oil cuts to year end as tightening supply and rising demand support oil prices.
Lummus' Green Circle announces agreement for advanced plastic recycling technology with Dongyang Environment Group
Lummus Technology, a global provider of process technologies and value-driven energy solutions, has announced an agreement with Dongyang Environment Group to deploy Lummus' advanced plastics recycling technology in South Korea.
ADNOC awards more than $400-MM critical equipment contract for low-carbon LNG Project in Ruwais
ADNOC announced it has awarded a contract, valued at more than $400 MM, to Baker Hughes, through its Nuovo Pignone International S.R.L. legal entity, for the supply of all-electric compression systems for the liquefaction of natural gas, to be powered by clean energy, for its low-carbon LNG asset in the Al Ruwais Industrial City, Al Dhafrah, Abu Dhabi.
Baker Hughes announces milestone electric-LNG Award for ADNOC Ruwais LNG Export Terminal
Baker Hughes announced it has received a letter of award by ADNOC Gas, for and on behalf of ADNOC, to provide two electric liquefaction systems (e-LNG) for the Ruwais LNG project in the United Arab Emirates.
Repsol selects Honeywell Ecofining Technology for biofuel production in Spain
Honeywell announced today that Repsol has licensed Honeywell Ecofining technology to produce renewable fuels from feedstocks such as used cooking oil and waste animal fat at Repsol’s facility in Puertollano, Spain.
Carbon Recycling International and Jiangsu Sailboat start up world’s most efficient CO2-to-methanol plant
Carbon Recycling International and Jiangsu Sailboat have successfully started up one of the world's most efficient CO2-to-methanol plants and will recycle carbon dioxide and hydrogen waste streams from the wider petrochemical complex.
ADNOC to be first company in the Middle East to receive ISCC Certification to produce SAF
ADNOC announced its Ruwais Refinery has received International Sustainability Carbon Certification for the production of SAF, making it the first company in the Middle East to earn the distinction.
- INEOS to invest €250 MM in Lavera cracker modernization project in France 11/19
- BASF adds ISCC EU certification to certified biomass-balanced methanol portfolio 11/19
- Siam Cement to invest an additional $500 MM in Long Son chemical complex 11/19
- LanzaJet produces first jet fuel from ethanol at a commercial scale 11/19
- Ducor Petrochemicals, Blue Circle Olefins partner to create a fully circular supply chain for polypropylene 11/18
- World's first: Air Liquide’s innovative technology converts ammonia into hydrogen at industrial scale 11/18
