Economics
SAR Technology Inc. contracts MECS for spent e-grade acid regeneration plant
SAR Technology Inc., located in Tainan, Taiwan, has contracted with MECS, Inc., a subsidiary of Elessent Clean Technologies, for the supply of MECS proprietary technology and equipment in support of a new spent acid regeneration plant.
GenH2 and ZeroAvia sign MoU to develop liquid hydrogen technologies for airports
GenH2 has executed an MOU with hydrogen-electric propulsion developer ZeroAvia to develop liquid hydrogen aviation infrastructure solutions for use in airport environments.
Syzygy Plasmonics selects Emerson to automate electrification of chemical production processes
Global technology and software company Emerson has been chosen by Syzygy Plasmonics to automate its innovative catalyst reactor technology that uses light instead of thermal energy, such as heat generated from burning fossil fuels, for chemical manufacturing.
Oil steady as U.S. default risk offsets demand outlook
Oil prices were steady as caution relating to U.S. debt ceiling talks dragged on optimism over demand later in the year and offset support from lower supplies from Canada and OPEC+ producers.
Europe's business jet industry aims for green rebrand
Europe's business jet sector is putting its greenest foot forward at its flagship annual conference this week as it faces a downturn in flights on the back of commercial aviation's rebound and growing pressure to become more sustainable.
Nigeria commissions Dangote refinery, seeks to end fuel imports
Nigeria commissioned Dangote Refinery amid hopes of transforming the country into a net exporter of petroleum products, but analysts said securing crude supplies could affect it achieving full production this year.
Bangladesh struggling to pay for fuel due to dollar shortage, letters show
Bangladesh is struggling to pay for imported fuel because of a dollar shortage, letters from the state petroleum firm show, with it warning of an "alarming decrease" in fuel reserves.
Turkey and ship-to-ship top destinations for Russian May diesel loadings-traders
Turkey and ship-to-ship loadings remained the top destination for Russian diesel exports in May, while total shipments in May are set to fall because of seasonal refinery maintenance and rising domestic demand, traders said.
Indian Oil Corp: Middle East deals squeezed out by Russian crude
The chairman of Indian Oil Corporation, the country's top refiner by capacity, said he remained committed to term contracts with the Middle East but spot purchases from the region have fallen as more Russian crude has been imported.
Asia to drive oil demand growth in second half, says Vitol
Asia will lead oil demand growth of around 2 million bpd in the second half of the year, a senior executive at Vitol said, an increase that could potentially lead to a shortage of supply and drive up prices.
- Hydrocarbon Processing launches AI platform to accelerate decisions in the downstream sector 7/7
- Digital Feature: The critical interdependency of relief valve analysis and flare system considerations during HAZOP 7/7
- Trafigura to use Babcock's ammonia fuel supply system onboard gas carriers 7/7
- Lotte Chemical Titan secures $3-B ethylene supply deal in Indonesia 7/7
- Diesel East-West price spread nears 1.5-yr high amid supply concerns West, stable East 7/7
- U.S. Gulf Coast fuel oil imports at record low as refiners opt for heavier crude 7/7
