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EU to set up Critical Chemical Alliance to secure supply chains

The European Commission will work with EU member states and the chemicals sector to support production of chemicals identified as critical for Europe's industrial supply chains, the EU executive said.

Refinery closures may lead to higher gasoline prices on the U.S. West Coast

California is set to lose 17% of its oil refinery capacity over the next 12 months because of two planned refinery closures. If realized, the closure of the facilities is likely to contribute to increases in fuel price volatility on the U.S. West Coast.

INNIO Group, Gföllner Group establish JV, offering power solutions to the U.S. market

INNIO Group and Gföllner Group have established a joint venture in the U.S., IGPS (INNIO Gfoellner Power Systems LLC). The joint venture aims to meet the rapidly rising demand for decentralized, flexible, and quickly deployable energy solutions.

Brazil's Petrobras to invest $4.8 B in integration between Reduc refinery and Boaventura complex

Brazilian state-run oil firm Petrobras will invest 26 billion reais ($4.8 billion) in an integration between the Reduc refinery and the Boaventura energy complex in Rio de Janeiro state.

Braskem completes first sale of circular polyethylene in South America

Braskem has completed the sale of circular polyethylene (PE), produced through chemical recycling, to the Copobras Group.

Brazil's energy minister hints at possible fuel price cuts

Brazil's Mines and Energy Minister Alexandre Silveira suggested that gasoline and diesel prices could soon be lowered in the country, where state-run oil giant Petrobras controls most of the refining capacity.

Lotte Chemical Titan secures $3-B ethylene supply deal in Indonesia

Malaysia's Lotte Chemical Titan said that its Indonesia-based subsidiary has agreed to a 10-year ethylene supply deal worth around $3 billion with its downstream petrochemical producer, Lotte Chemical Indonesia Nusantara.

Axens, IFPEN, and SMS group Launch Carboverseo™: Essential Technology for e-fuels deployment

In a groundbreaking development, Axens, in collaboration with IFP Energies nouvelles (IFPEN) and SMS group, has successfully homologated the Carboverseo™ technology. This innovative reverse water-gas shift process, which converts CO2 into CO, is now live and ready to revolutionize the e-fuel industry by providing a robust and scalable solution for transforming CO2 into valuable products.

Partnership for sustainability: Pekutherm and POLYVANTIS launch circular economy initiative

Pekutherm and POLYVANTIS have launched a joint take-back and recycling program for PLEXIGLAS® production waste, aiming to systematically return acrylic to the materials cycle.

Lloyd’s Register signs strategic collaboration with DAI Infrastruktur for green ammonia Project Ra

Lloyd's Register (LR) has entered into a memorandum of understanding (MoU) with German developer DAI Infrastruktur GmbH (DAI) for Project Ra, a large-scale green ammonia production and bunkering development at East Port Said, Egypt.