Petrochemicals
Ship carrying Russian naphtha to India in limbo after U.S. sanctions
Following new Ukraine-related U.S. sanctions on Russia last week, Indian refiners said they were ready to sharply curtail Russian oil imports, as New Delhi already faces punishing 50% tariffs on its exports to the United States.
Portugal's chemicals sector needs to spend $35 B on decarbonization, industry group says
The sector currently invests an average of around €1 B per year in growth, manufacturing processes, and energy efficiency, but only a portion is targeted at decarbonization.
BPCL, Oil India to build $11-B refinery, petchem complex in southern state
Oil India is considering taking a 10%–20% stake in the planned refinery in Andhra Pradesh state, while BPCL is seeking additional partners for the project.
China's Satellite Chemical pauses ethylene project amid U.S. trade tensions
The new cracker, costing roughly $1 B and with a capacity of up to 1.5 metric MMtpy would process ethane into ethylene, a key petrochemicals building block.
Reliance Industries says it will adapt refinery operations to meet sanctions parameters
Reliance Industries says it is assessing Western sanctions against Russia, and will comply with EU regulations on the supply of fuels.
- Transitional Industries and CFEnergia sign feedstock supply contract for $3.3-B Pacifico Mexinol project 2/17
- Neste and World Fuel Services extend partnership, expanding SAF availability at more than 100 airports in Europe 2/17
- U.S. refined product exports by tanker increase to > 6.3 MMbpd in January 2/17
- Japan's oil and gas independence climbs to highest since 2009 2/17
- Dangote signs $400-MM equipment deal with China's XCMG to speed up refinery expansion 2/17
- Former Lukoil-owned ISAB refinery in Sicily exits crisis procedure 2/17
