Petrochemicals
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.
Aramco and TotalEnergies to build $11-B Saudi petrochemicals plant
Saudi Arabian Oil Company (Aramco) and TotalEnergies will join forces to build a new petrochemicals complex in Saudi Arabia, the French energy group said on Thursday.
ExxonMobil doubles polypropylene production at Baton Rouge
ExxonMobil today announced the successful startup of its new polypropylene production unit at the Polyolefins Plant in Baton Rouge, Louisiana.
Lukoil-controlled Italy refinery will keep going despite oil embargo
An Italian oil refinery controlled by Russia's Lukoil still sees scope to remain operational despite a European Union embargo on Russian oil starting on Dec. 5, the company said, after Rome paved the way to place it in the hands of trustees.
India's Essar Group plans $4.9 B petrochemical complex in Odisha
India's Essar Group plans to set up a $4.92 B petrochemical complex in the eastern state of Odisha in a tie-up with a global player, it said in a statement.
A novel deep catalytic cracking technology for residue-to-chemicals processes
Over the past two decades, annual global demands for refined products and basic petrochemicals have increased by approximately 1.3% and 3.5%, respectively.
Innovations
N’GENIUS Materials Technology has developed a new series of high-strength austenitic stainless steels that the company says will transform how materials are specified and utilized across the oil and gas sector.
Industry Perspectives: Despite reaching $180 B, new project announcements are down year-over-year
Over the past year, the Global Energy Infrastructure database has tracked more than $180 B in new project announcements.
- Petrobras delivers LPG sold at steep premiums despite Lula move to annul auction 4/3
- Plug Power to supply 275-MW GenEco electrolyzer system for Hy2gen’s Courant decarbonized ammonium nitrate project 4/3
- Vietnam refinery boosting jet fuel production 4/3
- China plans to upgrade some petrochemical plants, phase out others by 2029 4/3
- Morocco has diesel stocks for 51 days, energy ministry says 4/3
- Nigeria's Seplat Energy hit by strike amid push for higher output 4/3
