Economics
Two new petrochemical plants are coming online in India
Two multi-billion-dollar petrochemical plants are coming online in India in coming months at a time of weaker-than-expected demand, setting the stage for fierce price competition domestically and internationally.
Outokumpu and Alfa Laval join forces to reduce emissions in stainless steel production
Outokumpu and Alfa Laval have entered into a contract regarding the delivery of Outokumpu Circle Green stainless steel.
CLARITY – Clariant’s service portal digitally boosts technical support for 80+ catalyst customers worldwide
Clariant announced the favorable adoption and excellent performance of its digital service platform for catalyst customers.
Fluor announces Q3 contracts from Dow for net-zero ethylene cracker and derivatives complex in Canada
Fluor Corporation was awarded two contracts from Dow for the construction of the world’s first net-zero scope 1 and 2 emissions integrated ethylene cracker and derivatives complex in Fort Saskatchewan, Alberta, Canada.
Suez Canal and Scatec sign $1.1-B green methanol MoU
Egypt's Suez Canal economic zone and Scatec ASA have signed a memorandum of understanding worth $1.1 B to supply ships with green fuel.
Kuwait's al-Zour refinery now fully operational
Kuwait Integrated Petroleum Industries Company said in a statement that the third and final units at the al-Zour refinery are now operational.
Petroecuador says crude oil output surpasses 400,000 bpd
Ecuador's state oil company Petroecuador said that crude oil output surpassed 400,000 bpd for the first time since January 2021.
Russia's seaborne diesel exports rose in November with the ban lifted and increased production
Seaborne diesel and gasoil exports from Russian ports rose 8.5% in November from a month earlier to about 2.8 Mmt after an export ban was lifted and production grew.
Vietjet and Novus Aviation Capital sign MoUs for aircraft financing, leasing, and SAF development
Vietjet and Novus Aviation Capital have signed Memorandum of Understandings to explore the establishment of an aircraft financing and leasing vehicle as well as collaborating on the supply of SAF in Vietnam alongside SAF One, Novus’s established and dedicated SAF platform.
Alaska Airlines partners with CHOOOSE to empower guests to reduce emissions and support growth of the SAF market
Alaska Airlines announced it is partnering with climate-tech company CHOOOSE to provide new options for sustainability-minded guests to take action on their travel-related carbon emissions by purchasing SAF credits or support nature-based climate projects.
- UPM unlocks new bio-based markets as Leuna biorefinery produces its first commercial product 12/19
- Stamicarbon awarded technology licensing contract for new urea plant in Eastern China 12/19
- Ford takes $19.5-B writedown on EV business 12/19
- Babcock & Wilcox awarded $40-MM contract for advanced wet gas scrubbing technology at Canadian petroleum refinery 12/19
- Aarti Industries secures methanol and toluene feedstock supply through multiple long-term contracts 12/19
- bp picks first outsider CEO Meg O'Neill after abrupt Auchincloss exit 12/19
