Economics
Sustainability and the Energy Transition: The pyrolysis of plastic wastes: A techno-economic analysis
Plastics are some of the most vastly used materials in modern life. They are the building block of products manufactured by almost every sector, including packaging, building and construction, textiles, consumer products, transportation, electrical and electronics, and industrial machinery.
EIA: U.S. crude stocks and distillate inventories rise, gasoline stocks fall
U.S. crude stocks and distillate inventories rose while gasoline inventories fell in the week ending May 17.
Malaysia to cut diesel subsidies, saving $852 MM/yr
Malaysia will begin cutting fuel subsidies to bolster its fiscal position starting with diesel, a move that will save about 4 $852 MM/yr.
Global carbon emissions pricing raised record $104 B in 2023
Countries raised a record $104 B last year by charging firms for emitting carbon dioxide (CO2), but prices remain too low to drive changes needed to meet Paris climate accord targets.
Analysis: U.S. refiners reward shareholders with big returns despite softer Q1 profits
Major U.S. fuel makers returned billions in capital to shareholders in the first quarter and boosted share repurchase programs, even as refining margins softened from recent records and utilization rates fell.
Pakistan-China to sign MoU on oil-to-chemicals complex in June
During Prime Minister Shehbaz Sharif's visit to Beijing in June, China and Pakistan are expected to sign a memorandum of understanding (MoU) on a crude-to-petrochemical refinery project.
China's refinery output falls for first time in 20 mos due to maintenance
China's refinery output fell 3.3% in April from a year earlier, the first annual decline in 20 mos, as large refiners carried out regular maintenance and small independent plants curbed production due to thin profit margins.
HSBC to arrange funds for $1.49-B expansion project at Vietnam's Binh Son refinery
Binh Son Refining and Petrochemical has chosen HSBC Bank as the export credit agency for a project to expand its Dung Quat refinery.
Oil prices rise after positive U.S. economic data
Oil futures rose on Thursday bolstered by slower than expected inflation and a stabilizing U.S. job market, providing positive signs for future rate cuts and demand.
Singapore middle distillate stocks tumble to nearly three-month low
Singapore's middle distillates stocks slid to a nearly three-month low this week, falling below 11 MMbbl for the first time in a month as gains in jet fuel/kerosene net exports offset declines in diesel/gasoil net exports.
- 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
- Borouge to supply advanced polyolefin solutions for next-generation vehicles 11/18
- ASTM International signs MoU with Gulf Cooperation Council Laboratory Company for Technical Services (GCC Lab TSCo.) 11/18
- KBC launches Visual MESA Energy Management System 7.3 11/18
- MHI Compressor secures steam turbine contract at Baton Rouge (U.S.) olefins plant 11/18
