Petrochemicals
Green industries could be worth $10.3 T to economy by 2050
Industries helping the world shift to net-zero emissions could be worth $10.3 T to the global economy by 2050, sustainable development consultancy Arup and economics advisory firm Oxford Economics said in a report on Tuesday.
Sinopec releases China Energy Outlook 2060, anchoring new path of energy transformation development
This is Sinopec’s first publicly released research findings of their medium and long-term energy outlook, providing a new perspective for the scientific planning of transformation and development of China’s energy and chemical industries.
Maire Tecnimont signs already announced $1.3 B EPC petrochemical contract
The $1.3 B EPC Lump Sum contract, already announced on December 21, 2022, is part of this complex and has been awarded to Tecnimont by a Joint Venture composed of QatarEnergy and Chevron Phillips Chemical.
QatarEnergy, Chevron Phillips Chemical to begin construction on integrated polymers complex
QatarEnergy and Chevron Phillips Chemical Company LLC announced they will proceed on construction of a $6 B integrated polymers complex in Ras Laffan Industrial City, Qatar.
Samsung Engineering receives an ethylene project contract from Ras Laffan Petrochemicals in Qatar
Samsung Engineering will be in charge of the major ethylene production facilities with its scope of work including furnaces, C2 hydrogenation, hydrogen purification unit and three main compressors.
Technip Energies wins large project management consultancy contract by Kuwait Oil Company
The five-year framework agreement contract covers front-end engineering design (FEED), project management, and associated services for KOC’s major projects.
Kuwait's Al Zour offers more low-sulfur fuel oil for January
Kuwait has issued a tender offering three cargoes of low-sulfur fuel oil (LSFO) from its Al Zour refinery, ramping up volumes for January compared with previous months.
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.
- YPF, Eni and XRG sign joint development agreement advancing 12-MMtpy Argentina LNG project 2/12
- Maire launches new technology to produce PTMEG, the key polymer composing the spandex fiber. 2/12
- Verde Clean Fuels announces suspension of development of Permian Basin gas-to-gasoline project 2/12
- Vietnam's largest refinery to operate at 120%-125% of designed capacity in Q1 2/12
- Indonesia's Medco expansion plans bet on rising energy demand in Southeast Asia 2/12
- Brazil to rebuild ethanol stocks in new harvest after 21% drop in 2025-2026 2/12
