Petrochemicals
Saudi Aramco to invest in $7 B petchem project in South Korea
Saudi Aramco said it plans to invest in a $7 B project to produce petrochemicals from crude oil at its South Korean affiliate S-Oil Corp's refining complex in the port city of Ulsan.
U.S., Japan and partners mobilize $20 B to move Indonesia away from coal
A coalition of countries will mobilize $20 B of public and private finance to help Indonesia shut coal power plants and bring forward the sector's peak emissions date by seven years to 2030.
ExxonMobil and Pertamina advance regional CCS project in Indonesia
ExxonMobil Low Carbon Solutions is working to bring lower-emission technologies to market, making them accessible to hard-to-decarbonize industries, including its recent agreement with a leading global manufacturer of nitrogen and hydrogen products in Louisiana, United States.
Indian petrochemical demand could rise threefold by 2040
India's annual petrochemical consumption could nearly triple to 80 MMt by 2040 forcing the country to either raise imports or invest into building new facilities, said an executive at the nation's top refiner Indian Oil Corp.
Citgo Petroleum reports $477 MM third quarter profit
Results for the Venezuelan-owned company and other U.S. refiners have touch records this year as prices for motor fuels climbed sharply on the U.S. economic recovery and on global shortages caused by Russia's invasion of Ukraine.
Online Feature: Crude C4 alternatives for a successful grassroots petrochemicals project
The C4 value chain configuration chosen for a new petrochemical complex greatly depends on key project business case drivers, such as steam cracker feed slate, commercial and market conditions, and product value-uplift potential.
Chinese refiners boost diesel output to profit from robust export margins
China's refined oil product exports in November are set to hit the highest since April 2020 as refiners ramp up output to multi-month highs to boost diesel supply and profit, offsetting the impact of slower domestic demand from COVID-19 restrictions.
Kuwait's KIPIC says first phase of Al-Zour refinery starts commercial operations
The commercial launch comes after the project started last month to produce and sell primary quantities of fuel oil and supply it to local power stations.
Big brands set to miss plastic sustainability targets
Some of the world's biggest consumer goods companies, including PepsiCo, Mars and Nestle, are almost certain to miss a target to make plastic packaging more sustainable by 2025.
UK sanctions four Russian steel and petrochemical tycoons
Britain has sanctioned four Russian steel and petrochemical business owners, including the former head of steel producer Evraz, the government said on Wednesday, its latest measures taken against Moscow over the war in Ukraine.
- BHP awards charter contracts for two ammonia dual-fueled vessels 7/3
- TOYO develops MRF-Z Neo—A compact reactor optimized for small-scale green methanol production 7/3
- China's Shandong raises fuel oil import tax rebates for some refineries 7/3
- Executive Viewpoint: Heavy industry, light footprint—Helping the HPI run leaner and cleaner with AI 7/3
- Digital Feature: Flare system design—The importance of periodic evaluation of existing facilities 7/2
- Valmet to deliver Valmet DNA DCS to a bio-based process plant in Portugal 7/2
