Europe
DNV releases guidelines to validate low carbon and renewable hydrogen and ammonia attribute claims
DNV has announced the release of its new service specification, DNV-SE-0654, which delineates DNV's procedures for verifying claims made by companies about the production and distribution of low-carbon hydrogen and ammonia.
Ethylene copolymers market is anticipated to reach $90 B by 2033
The global market is anticipated to have a steady CAGR of 4.2% during the period from 2023 to 2033. The overall market size is predicted to expand from $59.4 B in 2023 to $89.6 B by 2033.
Developing countries see more resin imports as China, U.S., Europe demand challenged
Brazil-based Braskem, Latin America´s biggest petrochemical organization, is seeing atypical scenarios in plastic resin markets that include very large flows of plastic resin exports from the world´s top producer countries into the less developed areas because much of the Northern Hemisphere demand remains challenged.
Abundant, cheap Iranian oil supply to cap Russian prices in China
Rising prices of a popular Russian crude sold to China are poised to peak soon as more independent refiners are likely to switch to cheaper oil from Iran which has ramped up exports to fresh 4-1/2 year highs in August, several trade sources said.
Indian refiner HPCL meets up to 23% of oil need with Russian grades
Indian refiner Hindustan Petroleum Corp Ltd is meeting up to 23% of its oil needs through discounted Russian grades, its chairman Pushp Kumar Joshi said at the company's annual shareholder meeting.
India diesel exports to Singapore set for highs in Aug, drop for Europe
India's diesel exports to Singapore are set to hit a 19-month high in August and exceed 330,000 metric tons, boosted by cheaper freight costs and low inventories in the Asian oil hub, traders and analysts said.
Total spending on fuel subsidies topped $7 T in 2022, IMF says
Global subsidies for fossil fuels rose by $2 T over the past two years to reach a record $7 T in 2022, according to new estimates from the International Monetary Fund.
thyssenkrupp Uhde selected by Grupa Azoty for new ammonium nitrate neutralization plant
thyssenkrupp Uhde has been selected by Grupa Azoty S.A. of Poland to supply a new ammonium nitrate neu-tralization plant.
Russia's September Urals discount begins to widen as India slows purchases
Spot discounts for Russian crude for September loading have started to deepen as India, a key customer of Moscow, reduces purchases due to high prices and maintenance outages at some refineries, four traders and Indian refinery officials said.
Braskem and SCG Chemicals join forces for bio-based ethylene project in Thailand
Braskem and SCG Chemicals have signed a joint venture agreement to create Braskem Siam Company Limited. This joint venture aims to produce bio-ethylene from bio-ethanol dehydration and to commercialize “I’m green” bio-based polyethylene, using the EtE EverG reen technology.
- U.S. EIA forecasts new export licensing requirements will reduce U.S. ethane exports 6/18
- Nigeria to export first gasoline cargo to Asia from Dangote refinery 6/18
- Indian refiners cancel palm oil orders for July-September as prices surge 6/18
- U.S. set to object to green jet fuel recommendation at UN aviation council 6/18
- Phoenix Contact introduces intrinsic safety versions of the MINI Analog Pro Ex conditioners for hazardous areas 6/18
- EIA: U.S. crude inventories fall by most in a year, fuel stocks build 6/18
