Economics
China's Hengli Petrochemical wins license to supply bunker in Zhoushan
A subsidiary of Hengli Petrochemical, China's privately controlled refiner and petrochemical producer, has won a license to supply bonded marine fuel in Zhoushan, the country's bunker hub.
Sinopec NZRCC selects Lummus' polypropylene technology for large-scale plant in China
Lummus Technology announced a contract from Sinopec Ningbo Zhenhai Refining & Chemical Co. Ltd. to license Lummus' Novolen technology for a new 500 ktpa polypropylene plant in Ningbo, China.
Global diesel prices soften as inventories edge upward
Global distillate fuel oil inventories remain much lower than normal for the time of year but there are signs they are no longer falling which has eased some of the upward pressure on prices.
India wants Saudi Aramco to develop strategic petroleum reserve as ties strengthen
India wants Saudi Arabia's Aramco to participate in its planned 6.5 Mmt strategic petroleum reserve program as the South Asian nation wants to strengthen ties with its key oil supplier.
Mexico's Pemex expects to boost refining to 1.16 M bpd this year
Mexican state-owned oil company Pemex expects to process 1.16 million barrels of crude oil per day by the end of 2023, a goal which would represent significant growth from current refining levels.
Borouge signs agreement with NPCC to supply critical materials for key energy projects in UAE
Borouge Plc announced that it has signed a Memorandum of Understanding with National Petroleum Construction Company, a UAE-based Engineering, Procurement and Construction Company.
thyssenkrupp Uhde inks service contract with Hive Energy for Spanish green hydrogen plant
thyssenkrupp Uhde has been engaged by Hive Energy Limited to deliver a pre-FEED to support the development of Hive’s first green hydrogen / ammonia production plant in Spain.
BASF first to commercially produce metal-organic frameworks for carbon capture
BASF is the first company to produce metal-organic frameworks on a production scale of several hundred tons per year.
Indonesia's Garuda conducts test flight with palm oil-blended jet fuel
Flag carrier Garuda Indonesia said it has completed a test flight using a palm oil-blended jet fuel on a Boeing 737-800NG aircraft.
RefuelEU aviation initiative: Council adopts new law to decarbonize the aviation sector
Following the adoption of a new regulation by the Council on the so-called ‘ReFuelEU aviation’ initiative, more renewable and low-carbon fuels will reduce the carbon footprint of the aviation sector and create a level playing field for a sustainable air transport in the EU.
- Southern Energy Renewables and Axens Sign MoU to advance SAF projects in Louisiana and beyond 4/8
- One of the largest heat pumps in the world has reached BASF's Ludwigshafen site 4/8
- LANXESS introduces surcharge for Lewatit ion exchange resins 4/8
- India raises HPCL Rajasthan Refinery project cost to $8.6 B 4/8
- Iranian Oil Refining Co. confirms attack on Lavan refinery 4/8
- Slovakia ending diesel fuel export ban, other measures still in place 4/8
