Economics
LyondellBasell selects Emerson to modernize automation technology at olefins production plants
Global software and technology leader Emerson has been selected by multinational chemical company LyondellBasell to modernize control systems and software at its Wesseling complex in Germany.
Low volumes and profits herald soft Asia diesel market
Asia's exports of diesel slumped to a multi-year low in February, and while volumes may recover in March on rising shipments from China and India, it's likely prices will come under further downward pressure.
Nigeria's Dangote wants to set up trading arm for Lagos mega refinery
Africa's richest man Aliko Dangote is planning to set up an oil trading arm, likely based in London, to help run crude and products supply for his new refinery in Nigeria.
Thailand-based petrochemical company Indorama Ventures aims to sell assets, list businesses
Thailand-based petrochemical company Indorama Ventures plans to shift away from debt-funded acquisitions and list its businesses to fund growth organically.
Return of U.S. oil sanctions would clip Venezuela's output gains, analysts say
A possible reimposition of U.S. oil sanctions on Venezuela next month would stagnate the OPEC-member country's crude output, wiping out the small gains it has achieved in recent years.
Shrinking global palm oil supplies, strong biodiesel demand to boost prices
Stagnating global palm oil production and higher biodiesel mandates are likely to curb supplies of the world's most used vegetable oil this year, setting the stage for further gains in prices, which are trading at their highest in seven months.
Clariant launches CLARITY Prime - the digital service for AI-powered optimization of catalyst operation
Clariant, a sustainability-focused specialty chemical company, today announced the release of CLARITY Prime, an advanced digital service for syngas plants, an upgrade of its cloud-based service portal CLARITY.
Malaysian 2024 biofuel output could rise if B20 biodiesel usage expanded
Malaysia's biodiesel production could rise to 1.8 MMt in 2024 if the government expands its 20% biodiesel mandatory program to more areas in the country.
Jupiter Ionics raises $9-MM to progress their electrochemical green ammonia technology
A greener way to feed the world is one step closer with Jupiter Ionics’ $9 million capital raise to progress their electrochemical green ammonia technology.
Copenhagen Infrastructure Partners announces investments and agreements with LOTTE Chemical Corporation
The memorandum of understanding between CIP and LOTTE is intended to support collaboration on clean ammonia projects.
- Studi Tecnologie Progetti S.p.A. signs agreement to upgrade Attock refinery in Pakistan for $600 MM 7/1
- Maire's NEXTCHEM awarded engineering contract for Pacifico Mexinol's $3.3-B, 2.1-MMtpy low-carbon methanol project 7/1
- BASF closes purchase of DOMO Chemicals’ shares in Alsachimie JV 7/1
- deugro completes another equipment shipment for INEOS' Project One project in Belgium 7/1
- Shell renews contract with Cyberhawk, enabling a global visualization and data integration platform across its portfolio 7/1
- HyOrc and Acetech partner to develop waste-to-green methanol facility in the UK 7/1
