Economics
Plant's coal exit affirms Solvay’s commitment to pursue sustainable operational practices
From the entrances of its Green River, Wyoming soda ash plant and Brussels headquarters, Solvay leaders announced the successful completion of the North American-based facility’s coal phase-out initiative.
Investors dump oil after U.S. refinery shutdown
Portfolio investors abandoned hope for an early rally in crude prices after a site-wide electricity failure caused an unexpected shutdown in production at bp’s refinery at Whiting in Indiana on Feb. 1
U.S. oil refiners beat Wall Street bets, expect demand to grow in 2024
Major U.S. fuel makers beat Wall Street's earnings expectations in the fourth quarter on strong refining margins and operating performance, and they predicted profits would rise again this year thanks to global demand growth.
ARCC signs contract with SGC Arabia for SEPC ethylene cracker plant expansion in Saudi Arabia
Al Rushid Construction Co. has officially signed a contract with South Korea-based company SGC Arabia to serve as the general contractor for the expansion of the ethylene cracker plant at the Saudi Ethylene and Polyethylene Company.
Shell resumes oil supply to Nigeria's state refinery ahead of restart
Shell Plc's Nigeria unit said it has resumed supply of crude oil from its Bonny export terminal to the state-owned refinery in Port Harcourt which is expected to start operations in the first quarter of this year.
Nigeria's Dangote refinery set to deliver first fuel
Nigeria's newly operating Dangote refinery is due to deliver its first fuel into the local market within weeks in a key milestone toward long sought energy independence for Africa's top oil exporter.
Repsol achieves certification to trade SAF within RSB’s book and claim system
Repsol has received certification by the Roundtable on Sustainable Biomaterials (RSB), giving the company access to sell its SAF within the RSB Book & Claim System.
Shell discloses $14-B cost for petrochemical plant, more than double street estimates
Royal Dutch Shell revealed during its recent fourth-quarter earnings call that the construction costs of its petrochemical plant have surged by 130%, surpassing the original estimate.
BASF to divest shares in its two JVs in Korla, China
As part of BASF’s global strategy for 1,4-butanediol (BDO), BASF has assessed the market environment and product carbon footprints of BDO and its downstream products from different production sites worldwide.
Ukrainian drones attack two oil refineries in southern Russia
Ukrainian drones attacked two oil refineries in southern Russia's Krasnodar region, causing a large fire at the Ilsky refinery during operations conducted by the SBU security service.
- Studi Tecnologie Progetti S.p.A. signs agreement to upgrade Attock refinery in Pakistan for $600 MM 7/1
- Maire's NEXTCHEM awarded engineering contract for Pacifico Mexinol's $3.3-B, 2.1-MMtpy low-carbon methanol project 7/1
- Axens, IFPEN, and SMS group Launch Carboverseo™: Essential Technology for e-fuels deployment 7/1
- BASF closes purchase of DOMO Chemicals’ shares in Alsachimie JV 7/1
- deugro completes another equipment shipment for INEOS' Project One project in Belgium 7/1
- Shell renews contract with Cyberhawk, enabling a global visualization and data integration platform across its portfolio 7/1
