Economics
Thai SCG Chemicals unit seeks Vietnam tariffs as operations at new complex remain suspended
Vietnam's Long Son Petrochemicals, a unit of Thailand's SCG Chemicals, is lobbying Vietnam to impose tariffs on imported polyethylene and polypropylene, as operations at its new $5.4 billion petrochemical complex remain suspended due to low margins.
VDMA valves association market analysis: Industry standstill looms after a strong 2024
The industrial valves industry performed better than expected in 2024 despite adverse conditions. Overall, nominal sales growth of 6% was achieved. While European business declined by 1%, international sales climbed by 11%.
Opinion: bp’s green failure offers Big Oil a lesson in moderation
bp has returned to its oil and gas roots in a spectacular about-turn following its trailblazing attempt five years ago to become a renewables giant. The takeaway for Big Oil is that the energy transition is a marathon, not a sprint.
Nextchem to provide technology for Pacifico Mexinol's ultra-low carbon methanol plant (Mexico)
When it initiates operation in 2028, Pacifico Mexinol's facility is expected to be the largest single ultra-low carbon methanol facility in the world, producing approximately 350,000 tpy of green methanol and 1.8 MMtpy of blue methanol from natural gas with carbon capture.
Quanta Technologies unveils new LEADR FCC refining catalysts
The technology improves the environmental and diffusion performance of Fluid Cracking Catalysts (FCC) by narrowing the particle size distribution of the catalyst.
The European chemical industry is becoming extinct: An open letter from INEOS CEO Sir Jim Ratcliffe
The chemical industry in Europe has been hugely important to the success of the European economy over the last century. With revenues of around one trillion euros, it is similar in size to the automotive sector. But chemicals in Europe is facing extinction. Government policies have resulted in enormously high energy prices and crippling carbon tax bills.
Argus Media to launch new Middle East gasoline assessment
Price assessment agency Argus Media will create a new Middle East gasoline benchmark in part due to rising output and trading in the region.
U.S. crude stockpiles fall as refining picks up, fuel inventories build, EIA says
U.S. crude oil stockpiles fell unexpectedly last week as refining activity ticked higher, while gasoline and distillate inventories posted surprise builds.
Air Products exits three U.S. projects, takes write down not to exceed $3.1 B
Air Products announced its decision to exit three projects in the U.S. As a result, Air Products expects to record a pre-tax charge not to exceed $3.1 billion in its fiscal 2025 second quarter, primarily to write down assets and terminate contractual commitments.
Eni to use Nextchem's gasification technology to produce circular methanol and hydrogen
MET Development (MAIRE), Eni and Iren Ambiente have started the permitting process for an innovative circular methanol and hydrogen production plant at Eni’s refinery in Sannazzaro de' Burgondi (Pavia), Italy. The plant will have capacity of up to 110,000 tpy of methanol and up to 1,500 tpy of hydrogen
- 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
