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Economics

MECS awarded spent acid regeneration plant at Sinopec Zhenhai

Sinopec Zhenhai Refining and Chemical Co., Ltd has contracted with MECS, Inc. and MECS Chemical Plants Equipment Co., LTD. for the license, design, engineering, and equipment for a spent sulfuric acid regeneration plant.

Digital Feature: Reducing the carbon impact of oil and gas projects toward net-zero with operations science

This work provides details on how optimized project management can help companies minimize greenhouse gas emissions in capital projects and their supply networks. As explained, this approach is a significant opportunity that can be capitalized to further reduce not only emissions but also the cost and duration of project delivery.

LEGO, Novo Nordisk agree to buy green methanol for plastic production

Toymaker LEGO said it had agreed to buy e-methanol, a lower-carbon alternative to conventional plastic ingredients, for use in its colorful plastic bricks when the world's first large-scale plant starts operations next year.

St. Charles Clean Fuels proposes $4.6-B reduced-carbon ammonia facility in St. Rose

St. Charles Clean Fuels is exploring the feasibility of building a $4.6-B ammonia production and export facility in St. Charles Parish, Louisiana.

France's Avril turns biodiesel focus to trucks from cars

French oilseed group Avril plans to double output of its 100% biodiesel fuel aimed at fleet trucks in 2023, at the expense of standard biodiesel mixed in car fuel, after the business helped the group post record results last year.

Aggreko launches industry’s largest heat exchanger and exclusive Hastelloy-c Crossflow Exchanger

Aggreko announced the launch of two new rental heat exchanger fleets, the Large Node Heat Exchanger and the Hastelloy-C Crossflow Heat Exchanger.

Maire Tecnimont Group awarded new technology and high-value engineering contracts for approximately $90 MM

Maire Tecnimont S.p.A. announces that some of its Sustainable Technology Solutions subsidiaries have been awarded several new contracts for technology licensing and engineering services for an overall value of approximately $90 MM.

Stamicarbon signed to license its largest Ultra-Low Energy urea plant

Stamicarbon has signed a contract covering PDP, licensing and equipment supply for an Ultra-Low Energy grassroots urea plant in Jiangxi province, China.

China's March diesel, jet fuel exports surge; gasoline down 34%

China's diesel exports shipments surged to 1.44 million tons, up 113.8% in March, from 0.67 million tons a year ago, data from the General Administration of Customs showed.

Deutsche Bahn to purchase 13,000 tons of Neste MY Renewable Diesel

Deutsche Bahn is expanding its use of renewable diesel significantly this year by purchasing around 13,300 tons of renewable diesel produced by Neste.