Petrochemicals
Maire Tecnimont Group wins new contracts for approximately $280 MM
Maire Tecnimont announced that its subsidiaries Tecnimont, KT-Kinetics Technology and Stamicarbon have been awarded several new contracts for an overall value of approximately $280 MM.
Energy commodity prices in 2022 showed effects of Russia’s full-scale invasion of Ukraine
After increasing 68% from January through June, the energy component of the S&P Goldman Sachs Commodity Index (GSCI) ended the year 10% higher than the first trading day of 2022.
Decarbonization is at the forefront of environmental innovation
Earth’s carbon dioxide levels have increased appreciably within the last several decades, which directly correlates to rising environmental concerns of GHG emissions, pollution and disruptions of marine and terrestrial environments, among others.
Innovations
Total organic carbon is an important quality parameter in the various manufacturing and process environments that depend on ultrapure water.
New state-of-the-art in sulfur recovery?—Part 2: Environmental benefits
It is widely accepted that state-of-the-art sulfur recovery technologies utilize the modified Claus process as well as some extension technology on the tail gas.
Maire Tecnimont wins $1.3 B EPC petrochemical contract
Maire Tecnimont announced that its subsidiary Tecnimont S.p.A. has been awarded an EPC (Engineering, Procurement e Construction) Lump Sum contract relating to the implementation of a petrochemical project.
Oman's OQ, Kuwait Petroleum International and SABIC plan petrochemicals complex
Oman's state energy company OQ has signed an agreement to develop a petrochemicals complex in the Duqm economic zone with Kuwait Petroleum International and Saudi Basic Industries Corp.
Tanker rates for refined petroleum products reach multiyear highs during 2022 (1)
Rates for petroleum product tankers that carry low-sulfur petroleum products, including refined petroleum products such as motor gasoline, diesel fuel, jet fuel, and naphtha, reached multiyear highs this summer.
Asia jet fuel set for bumpy ride in 2023 despite some China recovery
A full recovery in jet fuel consumption will boost Asian refiners' margins and crude demand further, lifting global prices.
Lummus to provide digitalization services to Zhangzhou CHIMEI Chemical Company
Lummus Technology announced it has been awarded a contract by Zhangzhou CHIMEI Chemical Co. Ltd. for digitalization services at their petrochemical facility in Gulei, Fujian Province, China.
- UPM unlocks new bio-based markets as Leuna biorefinery produces its first commercial product 12/19
- Stamicarbon awarded technology licensing contract for new urea plant in Eastern China 12/19
- Ford takes $19.5-B writedown on EV business 12/19
- Babcock & Wilcox awarded $40-MM contract for advanced wet gas scrubbing technology at Canadian petroleum refinery 12/19
- Aarti Industries secures methanol and toluene feedstock supply through multiple long-term contracts 12/19
- bp picks first outsider CEO Meg O'Neill after abrupt Auchincloss exit 12/19
