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Petrochemicals

Net-zero chemicals industry initiative relaunches as the Global Impact Coalition

To drive the global chemical industry on a path to net-zero emissions by 2050, the Low-Carbon Emitting Technologies initiative, incubated and hosted by the World Economic Forum for more than three years, has now officially launched as the independent Global Impact Coalition.

Topsoe and Standard Gas sign MoU to collaborate on UK-based renewable natural gas and methanol project

Topsoe announces it has signed an MoU with Standard Gas, a decarbonization technology company, to collaborate on a UK-based project to produce renewable natural gas and methanol from residual waste feedstocks.

Virent and Johnson Matthey's SAF breakthrough powers Virgin Atlantic's historic 100% sustainable transatlantic flight

The success of the first-ever 100% SAF trans-Atlantic flight by a commercial airline, operated by Virgin Atlantic, signifies a new era in SAF technology.

Dow's board of directors approves final investment decision for Path2Zero Project

Dow announced that its board of directors has declared Final Investment Decision on the Company's Fort Saskatchewan Path2Zero investment to build the world's first net-zero Scope 1 and 2 emissions integrated ethylene cracker and derivatives facility in Alberta, Canada. 

Proman Stena Bulk holds naming ceremony for new methanol-powered tankers

Proman Stena Bulk, the joint venture between leading tanker company Stena Bulk and the leading methanol producer Proman, has formally christened Stena Provident and Stena Progressive, the final two vessels in its initial six-strong methanol-fueled tanker fleet.

The Royal Australian Air Force’s aerobatic display team Roulettes flies on SAF for the first time supported by Neste, Viva Energy and Vitol

During the Williamtown Air Show in Australia, the Roulettes, the Royal Australian Air Force's aerobatic display team, performed a first public display using Neste MY Sustainable Aviation Fuel.

Sri Lanka to ok Sinopec's $4.5-B refinery proposal

Sri Lanka will likely approve on Monday a proposal from Chinese state refiner Sinopec to build a $4.5-B refinery, the South Asian Island nation's energy minister said on Saturday.

BASF shares rise on report ADNOC exploring Wintershall Dea deal

Shares in chemicals giant BASF rose after a report that ADNOC is exploring an acquisition of the German group's energy business Wintershall Dea.

Samsung Engineering commences Sarawak H2biscus green H2/ammonia FEED project in Malaysia

Samsung Engineering-along with Lotte Chemical, Korea National Oil Corp. and SEDC Energy-had a kick-off meeting, launching the FEED phase for the H2biscus green H2/ammonia project in Malaysia.

China oil demand growth poised to slow to around 4% in H1 2024

China's oil demand growth likely to ease in H1 2024 to around 4% with resurgent consumption from the aviation and petrochemical sectors offset by weaker diesel usage.