Economics
India's Bharat Petroleum Corp. to boost integrated refining-petrochemical capacity by 2030
India's Bharat Petroleum Corp plans to increase its integrated refining and petrochemical capacities within the next 5 yr-7yr to meet growing energy demand. India's annual consumption of refined fuels and petrochemicals is expected to rise steadily by 4%-5% and 7%-8% in the 'foreseeable future'.
U.S. EPA extends emergency fuel waiver for Midwest states due to refinery outage
The U.S. Environmental Protection Agency extended the emergency waiver for the second time in response to fuel shortages in four Midwest states where the gasoline supply has been impacted by the outage of ExxonMobil's 251,800-bpd refinery in Joliet, Illinois.
BASF to cease operations on three plants at the Ludwigshafen site in 2025
BASF will end the production of adipic acid, cyclododecanone (CDon) and cyclopentanone (CPon) at the Ludwigshafen site in 2025. The company has taken this decision as part of the ongoing strategic review of its production setup at the Ludwigshafen site to ensure competitiveness under changing market conditions.
Asia 10-ppm gasoil refining margins near 18-month low on clouded outlook
Asia's 10-ppm sulfur gasoil refining margins have slumped to a near 18-month low amid mixed market outlooks as well as softer ICE gasoil futures and prompt paper swaps.
Qatar in talks on possible purchase of Rosneft stake in German refinery
Qatar is in talks with the German government over possibly buying Russian energy group Rosneft's stake in Germany's PCK Schwedt refinery, which Berlin placed under trusteeship following Russia's invasion of Ukraine.
U.S. crude, gasoline stockpiles fall on stronger demand
U.S. crude oil and gasoline inventories fell last week as demand picked up ahead of Labor Day weekend and the end of the summer driving season.
Russia suspends publishing monthly fuel stats
Russia's state statistics service Rosstat said on Wednesday it was suspending publication of oil products output data.
ADNOC deploys pioneering AI-enabled process optimization technology
Following successful initial operations, ADNOC announced the deployment of an industry leading artificial intelligence (AI)-enabled process optimization technology--Neuron 5--across all ADNOC facilities across thousands of critical pieces of equipment essential for production, including compressors, valves and generators.
Review steam system designs to accelerate chemical industry decarbonization
Industrial steam systems range from simple systems comprising a low-pressure single steam user to a complex system with multiple pressure levels, multiple generators and multiple users integrated with an onsite cogeneration facility. This article will present the typical CO2 emissions estimates for chemical and petrochemical facilities and describe options available to reduce these emissions through additional heat integration, fuel switching, and the use of heat pumps and electric boilers.
The attractive market opportunity for synthetic graphite: Graphite as an energy transition material (4)
Given the attractive demand projection, investors must understand the benefits and return on investment for natural and synthetic graphite routes. This article establishes the pros and cons for each, and specifically highlights the emerging opportunity for upgrading and repurposing smaller petcoke units to needle coke units, therefore contributing to fulfilling the rising demand for synthetic graphite.
- Envision Energy powers world's first green marine ammonia bunkering 7/25
- New catalyst breakthrough could make clean ammonia easier to produce 7/25
- U.S. Gulf refiners seek Middle East, S. American oil to offset Venezuela, Mexico losses 7/25
- CEO of Russia-backed Indian refiner Nayara resigns after EU sanctions 7/25
- PetroChina makes FID for new northeast refinery complex 7/25
- Valero Energy beats Q2 profit estimates as refining margins improve 7/24
