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Petrochemicals

Samsung Engineering and OMV sign MoU to jointly develop sustainable projects based on modularization

Samsung Engineering and OMV announced the signing of an MoU to cooperate on projects from the early development stage.

Stamicarbon awarded a 450-tpd green ammonia plant in the U.S.

Stamicarbon has signed a license agreement with its customer in the USA to develop a basic engineering design package for a 450-tpd green ammonia plant.

NextChem Holding's subsidiary Stamicarbon awarded new contracts for a green ammonia plant in the U.S.

MAIRE S.p.A. announces that its subsidiary NextChem Holding, through Stamicarbon, part of the Sustainable Technology Solutions business unit, has been awarded licensing and basic engineering design contracts for a 450 metric tons per day green ammonia plant by a prominent North American fertilizer producer.

Emirates airline creates $200-MM aviation sustainability fund

Emirates airline said it had committed $200 MM to a research fund focusing on reducing the impact of fossil fuels in commercial aviation, because hitting net zero emissions targets would not be possible with currently available options.

China cuts second batch of 2023 fuel export quotas

China has decreased its second batch of export quota volumes for refined oil products, consultancies and trader sources said, focusing on local demand during the refinery overhaul season and boosting domestic sales amid poor export margins.

Neste and PetroCard partner to expand access to renewable diesel in the Pacific Northwest

As part of its commitment to help businesses and cities reduce greenhouse gas emissions from the transportation sector effectively, Neste today announced a new partnership with PetroCard to grow the accessibility of Neste MY Renewable Diesel in the Pacific Northwest region of the United States.

No harmful chemical levels in air after Shell Texas chemical plant fire, company says

Air monitoring around an extinguished fire at the Shell Plc's chemical plant in Deer Park, Texas, showed no harmful levels of chemicals in the air, the company said, added that there was no threat to the surrounding community.

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.

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.

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.