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Petrochemicals

Former F1 boss racing to create ‘guilt free’ fuel

Formula One is seen as one of the most gas guzzling of sports but one top engineer and former F1 team boss Paddy Lowe is seeking to change this with the launch of a so-called guilt-free synthetic fuel.

Indonesia's PGN to supply gas to Lotte Chemical petrochemical plant

Indonesia's state-controlled gas company Perusahaan Gas Negara said it would supply natural gas to a petrochemical plant operated by a unit of South Korea's Lotte Chemical Corp .

Neste decides to invest in liquefied waste plastic upgrading unit at its Porvoo refinery

Neste has made the final investment decision to commence construction of upgrading facilities for liquefied plastic waste at its Porvoo refinery in Finland.

Mitsui O.S.K. Lines, Ltd. makes strategic investment in Ascension Clean Energy

MOL Clean Energy and Clean Hydrogen Works, LLC announce MCE as a Joint Venture shareholder in Ascension Clean Energy, a proposed world-scale, clean hydrogen-ammonia production and export facility in Ascension Parish, Louisiana.

Bunge boosts oilseed dominance, renewable diesel potential with Viterra deal

Bunge's planned acquisition of Viterra would make the world's biggest oilseed crusher even more dominant and secure a larger role in the expanding renewable diesel industry, although it may face competition hurdles.

thyssenkrupp Uhde and Johnson Matthey increase ammonia synthesis capacity at Koch Fertilizer facility

Working in collaboration, thyssenkrupp Uhde and Johnson Matthey have delivered a product solution to in-crease the ammonia capacity at Koch Fertilizer’s Fort Dodge, Iowa facility. During the revamp of the existing ammonia plant, the team integrated the uhde dual-pressure process, which was installed upstream of the existing ammonia synthesis loop.

EU may include ammonia plant exception in new renewable energy targets

EU countries hope to pass a deal on new renewable energy targets and are considering options including an exemption for certain ammonia plants, in an attempt to win over countries skeptical of the final law, diplomatic sources said.

Iran, Venezuela eye trade increase, sign petrochemical deal

Iran and Venezuela want to increase bilateral trade to $20 B, up from $3 B, Iranian President Ebrahim Raisi said during a visit to Caracas.

Asahi Kasei and Mitsui to establish supply and procurement systems for bio-methanol

Asahi Kasei Corporation and Mitsui & Co., Ltd. will establish a supply and procurement scheme for bio-methanol produced in the United States.

NETL goes deep to develop new biocatalysts for carbon conversion

NETL researchers are growing versatile biocatalysts using microbes from a coalbed methane well to convert industrial carbon dioxide wastes and other single-carbon compounds into useful chemicals to manufacture biofuel, food additives and other high-value products while reducing emissions of greenhouse gas.