Petrochemicals
The Gulf Energy Information Excellence Awards 2024 winners honored at live Houston gala
The 2024 Gulf Energy Information Excellence Awards was held on Wednesday evening at the Post Oak Hotel in Houston, Texas (U.S.). The black-tie gala recognized the energy industry’s leading innovations and thought leaders.
Aspen Technology launches microgrid management system to address power reliability and meet net-zero goals
Aspen Technology introduced the AspenTech Microgrid Management System™, a solution for customers with heavy electrical power requirements in refining, chemicals, mining and other asset-intensive industries that manage their own on-site conventional and renewable power generation in orchestration with active load management and energy storage.
Ineos' Ratcliffe: 600 jobs at stake at Geel PTA plant due to overzealous regulations
The INEOS purified terephthalic acid (PTA) plant at Geel in Belgium is threatened with closure as regulators aim to impose unattainable environmental targets on a factory that has already committed to an 80% reduction in cobalt levels.
Poland's Orlen's petchem project's capex continues to rise
Poland's Orlen's flagship petrochemicals project may see further losses due to problems in the planning and construction process, increasing total capex from $2.11 B to > $6.3 B.
Lummus launches PFAS analytical services
Lummus Technology announced new analytical services for per- and polyfluoroalkyl substances (PFAS), providing accurate detection of a wide range of PFAS compounds, helping water and wastewater operators assess contamination levels and monitor progress of their treatment systems.
Consortium to purchase CB&I from McDermott
A consortium led by Mason Capital Management announced that it has entered into a definitive agreement to acquire the CB&I storage solutions business from McDermott International, Ltd.
BASF, Evonik agree on deliveries of biomass-based ammonia with reduced carbon footprint
BASF and Evonik have agreed on the first delivery of BASF’s ammonia BMBcert grade. Thereby, both chemical companies demonstrate their commitment to offer products with a reduced product carbon footprint. With its ammonia BMBcert, BASF delivers to Evonik a product whose PCF is at least 65% lower than the standard product.
Shell's Q3 refining margins drop sharply
Shell's refining profit margins dropped by nearly 30% in the third quarter from the previous three months as global demand sagged, while oil product trading earnings also weakened.
Trammo, Elengy sign MoU for low-carbon ammonia import terminal in France
The project involves the redevelopment of part of Elengy’s Fos Tonkin LNG terminal site into a low-carbon ammonia import terminal, including the construction of a 30,000-m3 ammonia storage tank. The new terminal will be capable of receiving 200,000 metric tpy of low-carbon ammonia.
GAIL, AM Green sign MoU for jointly developing renewable energy and green chemical projects
GAIL (India) Limited and AM Green B.V. signed a Memorandum of Understanding (MoU) to focus on the long-term supply of carbon dioxide for eMethanol production and the exploration of hybrid renewable energy project across India.
- LanzaJet expands partnership with Microsoft to strengthen the company’s global growth 6/13
- Phelan Green Group's $2.6-B eMethanol project remains on schedule 6/13
- Algeria launches $7-B investment plan to expand hydrocarbon processing 6/13
- AFPM/API: President Trump officially overturns California (U.S.) gas car ban 6/12
- Decision on oil refiner Italiana Petroli's sale expected around end-June 6/12
- EIA: U.S. crude stocks fall, gasoline and distillate inventories rise as refining activity increases 6/12
