Economics
Grace licenses second UNIPOLÂ polypropylene process technology reactor to China Coal Shaanxi Energy & Chemical Group Co., Ltd.
W.R. Grace & Co. announced that China Coal Shaanxi Energy & Chemical Group Co., Ltd. has expanded its license for Grace’s UNIPOL PP process technology, doubling its polypropylene production capacity from 300 to 600 kpy.
Dow announces completion of inaugural green bond offering
The Dow Chemical Company, a wholly owned subsidiary of Dow, announced today the closing of its green bond offering of $600 million aggregate principal amount of 5.150% notes due 2034 and $650 million aggregate principal amount of 5.600% notes due 2054.
AFPM launches seven-figure issue campaign spotlighting gas car ban policies across battleground states
The American Fuel & Petrochemical Manufacturers is launching a major seven-figure issue campaign across seven critical states - Pennsylvania, Wisconsin, Michigan, Nevada, Arizona, Ohio and Montana—and the Beltway, all aimed at informing Americans about the Biden administration’s efforts to ban new gas, diesel and flex fuel vehicles from the U.S. market.
Smyril Line has signed contracts for two methanol powered cargo ships
Smyril Line is pleased to announce that a contract has been made with the CIMC Raffles shipyard in China to build two new e-methanol powered cargo ships the company.
LanzaJet and Jet Zero partner for Australia's first ethanol-to-SAF plant
The agreement will progress the development of Project Ulysses, a North Queensland SAF project using LanzaJet’s alcohol-to-Jet technology, that converts the bioethanol into SAF and renewable diesel.
Germany's Habeck: Poland committed to crude supply in case of Schwedt nationalization
German Economy Minister Robert Habeck said in Warsaw that Poland has given reassurances that it will continue to provide the Schwedt refinery with crude oil in the event that Germany nationalizes Rosneft's German activities.
Mexico orders expropriation of Air Liquide plant at Pemex oil refinery
Mexico's government has ordered the expropriation of a hydrogen plant at a Pemex oil refinery that was sold to French company Air Liquide during the previous administration, after officials ordered a temporary occupation of the facility last December.
Asia's gasoil east-west price spread at widest discount in over a year
Asia's gasoil front-month east-west price spread hit its widest discount in more than a year of almost $88 per metric ton on tightness in prompt Europe supply and high freight costs.
Oil little changed as demand concerns offset Middle East tensions
Oil futures were little changed as rising concerns about global demand caused the market to take a break after prices jumped about 6% last week on worries that Middle East tensions could cause supply problems.
Phillips 66 reports fire at its Billings, Montana, refinery
Phillips 66, said there was a fire at its 60,000-bpd Billings, Montana, refinery which resulted in visible smoke.
- Petrobras delivers LPG sold at steep premiums despite Lula move to annul auction 4/3
- Plug Power to supply 275-MW GenEco electrolyzer system for Hy2gen’s Courant decarbonized ammonium nitrate project 4/3
- Vietnam refinery boosting jet fuel production 4/3
- China plans to upgrade some petrochemical plants, phase out others by 2029 4/3
- Morocco has diesel stocks for 51 days, energy ministry says 4/3
- Nigeria's Seplat Energy hit by strike amid push for higher output 4/3
