Economics
WastAway receives U.S. patent for its entire waste-to-fuel process
WastAway – a leading green tech company that converts municipal solid waste (MSW) to fuel – has won a U.S. patent for its entire waste-to-fuel process, bringing the total number of U.S. and international patents to 26.
Grangemouth refinery (Scotland) ceases crude oil processing, transitions into import terminal
Scotland's only oil refinery ceased crude oil processing as of Tuesday, operator Petroineos said in a statement, as the site transitions to an import terminal.
Afreximbank rolls out $3-B credit line to cut Africa's fuel imports
African Export-Import Bank has rolled out a $3-B revolving credit line that will enable African and Caribbean buyers to source petrol, diesel, jet fuel and other products from refineries on the continent more easily.
Sri Lanka to begin talks with India, UAE for new energy hub
Sri Lanka will start work next month on plans to develop an energy hub with India and the United Arab Emirates, as the nation looks to leverage its strategic location to cement a recovery from a financial crisis.
S-Oil posts refining, petrochemical losses; expects US tariffs to affect margins in Q2
South Korea's S-Oil, majority owned by Saudi Aramco, posted losses in the first quarter from its refining and petrochemical units and expects second-quarter margins to be impacted by U.S. tariff negotiations and market volatility.
Kuwait Petroleum's stake investment in China Wanhua Chemical's unit valued at $638 MM
Kuwait Petroleum subsidiary's acquisition of a 25% stake in China Wanhua Chemical's petrochemical business is valued at $638 MM
Chemical maker LyondellBasell misses quarterly profit estimates on weak volumes
LyondellBasell on Friday missed Wall Street expectations for quarterly profit, due to maintenance downtime and lower volumes in its largest segment supplying raw materials to the automotive, construction and electronics industries.
China's Sinopec partners with Saudi Aramco's unit in $4-B JV
China's state-run Sinopec said on Monday it had signed an agreement with a unit of Saudi Aramco to establish a joint venture (JV) company with a registered capital of 28.80 B yuan ($3.95 B).
Dow Chemical delays construction on multi-billion-dollar Path2Zero project in Fort Saskatchewan, Alberta, Canada
After a reported Q1 loss, Dow Chemical plans to launch an action plan to further reduce spending and deliver $6 B in cash support. The plan includes delaying construction on the company's multi-billion-dollar Path2Zero project in Alberta, Canada.
Aster Chemicals to bid for ExxonMobil's Singapore fuel stations
Aster Chemicals and Energy, the new operator of the Bukom refining complex, is planning to bid for ExxonMobil's petrol stations in Singapore, as the refiner seeks retail fuel sales outlets.
- Chiyoda, AVEVA forge strategic partnership to power plantOS with AVEVA CONNECT 6/27
- SABIC announces closure of Olefins 6 facility in Teesside, UK 6/27
- LyondellBasell's polyolefin technologies selected by SHCCIG Yulin for petrochemicals complex in China 6/27
- Damaged unit of Iran's South Pars refinery back operating 6/27
- hte conducts research for JGC to advance decarbonization by identifying suitable catalysts for ammonia cracking 6/26
- TES and CPC Finland to develop 500-MW e-NG project in Finland 6/26
