Environment

Mitsubishi Gas Chemical, Mitsui O.S.K. Lines receive delivery of dual-fuel methanol carrier from HD Hyundai Mipo

Mitsubishi Gas Chemical Co. Inc. (MGC) has announced that a dual-fuel methanol carrier chartered from Mitsui O.S.K. Lines Ltd. (MOL) on a long-term basis was delivered at the HD Hyundai Mipo shipyard on May 30.

OCOchem commissions first pilot plant using multiple industrial-scale cells to directly convert CO₂ and water into organic molecules

In a landmark achievement for carbon utilization and sustainable chemical production, OCOchem has announced the successful startup and commissioning of the world’s first pilot plant to produce hydrogen formate and potassium formate at industrial scale using only carbon dioxide (CO2) and water as feedstocks.

Polish oil pipeline to Germany restarts after checks for potential leak

Polish oil pipeline company PERN restored the operation of one of two branches of the western Druzhba pipeline transporting oil to German refineries after halting it briefly to check for a potential leak.

Lummus Technology completes acquisition of NAPCON from Neste, expanding digital and AI capabilities

Lummus Technology announced the successful closing of its acquisition of the NAPCON portfolio, the digital technology business of Neste. Initially announced in April 2025, the transaction includes the transfer of Neste's NAPCON intellectual property, select assets and key personnel.

European chemical industry pessimistic for 2025, recovery not until 2026 says new report

After a sobering business year in 2024 ("lost year"), the leading European chemical companies are still not forecasting any significant recovery for 2025. A cautiously positive development is only expected in the second half of the year - provided that a global trade war or a lack of economic recovery do not thwart the forecast.

ABS approves first of its kind LCO2 barge for U.S. operation

ABS has awarded approval in principle (AIP) to Overseas Shipholding Group Inc. (OSG), the parent company of Aptamus Carbon Solutions, for its preliminary design of a liquefied carbon dioxide (LCO2) barge.

Petroecuador declares emergency at Ecuador's biggest refinery after fire damages

Ecuador's state oil producer Petroecuador declared a 60-day emergency at the South American nation's largest oil refinery, its second emergency in one month, after a fire this week caused damage to some fuel tanks.

Sinopec sets up $690-MM hydrogen-energy-focused venture capital fund

China’s state oil and gas major Sinopec has established a venture capital fund focused on hydrogen energy, with an initial size of 5 billion yuan ($690 MM).

Hitachi Energy provides solution for Chinese green hydrogen-ammonia-methanol integrated project

Hitachi Energy has delivered rectifier transformers for electrolytic hydrogen to a hydrogen industry park built by China Energy Engineering Corporation (CEEC) in Songyuan, a city in northeast China.

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