Economics
Vietnam's Binh Son refinery to borrow $754 MM for expansion plan
Vietnam's Binh Son Refining and Petrochemical will take $754 MM worth of loans for a project to expand its sole oil refinery and boost its annual crude oil processing capacity by more than 1 million tons, the company said.
Sichuan Jinshang Environmental Protection Technology Co. to produce SAF utilizing Honeywell Ecofining tech
Honeywell today announced that Sichuan Jinshang Environmental Protection Technology Co. will use Honeywell Ecofining technology to produce nearly 300,000 tpy of SAF at its newly planned facility in Suining, Sichuan Province, China.
Lummus Technology announces partnership with Texplore to license HDPE technology
Lummus Technology and Texplore Co., Ltd. announced a commercial cooperation agreement to license and market EXCENE, Texplore's high-density polyethylene technology.
Sweden to cut biofuel additives in gasoline and diesel
Sweden's minority coalition has agreed to lower the amount of biofuel mixed in diesel and gasoline, a move it says will cut prices for cash-strapped drivers, but which climate groups say will increase C02 emissions.
Nigerian president to commission Dangote refinery in two weeks
Nigerian President Muhammadu Buhari will commission the multi-billion dollar Dangote oil refinery, a presidency spokesperson said, setting up the plant for its first production since construction started in 2016.
GIDARA Energy announces major milestone: environmental permit for advanced methanol facility
GIDARA Energy is pleased to announce that it has secured a key environmental permit for its Advanced Methanol Amsterdam facility, which is a major step forward in the company’s mission of decarbonizing the industry.
Russia's Lukoil completes sale of ISAB oil refinery in Italy
Russia's second-largest oil producer Lukoil said its subsidiary LITASCO had completed the sale of the ISAB oil refinery in Sicily to Cypriot private equity firm G.O.I. Energy following approval by Italian authorities.
U.S. industrial recession cuts diesel and electricity use
U.S. manufacturing and freight activity has declined for six months running, which is being reflected in falling consumption of diesel and other distillate fuel oils as well as industrial electricity sales.
UAE's ADNOC to supply full crude volumes to Asian buyers
ADNOC has informed at least three buyers in Asia that it will supply full contractual volumes of crude, steady from the previous month, trade sources said.
How will China's clampdown on mislabeled cargoes affect sanctioned oil?
Chinese customs authorities are stepping up inspection checks on cargoes of heavy crude oil after uncovering several Iranian shipments that were mislabeled as diluted bitumen in an effort to bypass import quotas.
- Iran's Revolutionary Guards say they targeted petrochemical facilities in the Gulf 4/6
- Damietta Green Ammonia completes pre-FEED for $873-MM, 150,000-tpy green ammonia facility 4/6
- EIB and Eni sign €500-MM in financing for new biorefinery in Sannazzaro de’ Burgondi 4/6
- India's Reliance buys Venezuelan oil directly from PDVSA 4/6
- Japan to boost intermediate chemical imports amid tighter naphtha supply 4/6
- Five EU countries call for windfall tax on energy companies 4/6
