Carbon Management
Analysts expect EU carbon prices to soar by 2027
Analysts expect EU carbon permit prices will soar by 2027 as policy measures shrink supply, while their forecasts for 2025 and 2026 were little changed.
Fertiglobe becomes ADNOC’s platform for low-carbon ammonia growth globally
ADNOC announced the completion of its acquisition of OCI Global’s 50% + 1 shareholding in Fertiglobe, increasing its share in the Company to 86.2%, with 13.8% remaining in free float on the Abu Dhabi Securities Exchange (ADX).
Neste MY Renewable Diesel to power Verne data centers’ back-up generators in Finland
Neste’s renewable diesel helps Verne, a provider of sustainable data center solutions for high intensity computing, to transition its operations from fossil to renewable fuels. Verne's data centers in Helsinki, Pori and Tampere in Finland will use Neste MY Renewable Diesel to power their backup generators.
Power2X and Advario to develop world-scale e-SAF hub in the Port of Rotterdam
In partnership, Power2X and Advario are developing a world-scale production and storage hub for sustainable aviation fuel (e-SAF) and synthetic, ultra-low carbon fuels in the Port of Rotterdam.
Wood leads project to accelerate CCUS with guidelines for CO2 specifications
Wood, a global leader in consulting and engineering, is leading a Joint Industry Partnership (JIP) to create industry guidelines for carbon dioxide (CO2) specifications to accelerate sustainable carbon capture, utilization and storage (CCUS) projects.
BASF to build world’s largest industrial heat pump for CO2-free steam generation
BASF has received funding approval from the German Federal Ministry for Economic Affairs and Climate Action for the construction of the world’s most powerful industrial heat pump.
UNICAT partners with international specialist to design and build hydrogen-producing PSA systems
UNICAT Technologies has secured an exclusive partnership with a world-leading designer and manufacturer of gas separation facilities to help large-scale industrial companies produce high-purity hydrogen (H2).
Nextchem (Maire) awarded licensing/process design package for H2 unit in Vietnam
Nextchem (Maire) awarded licensing and process design package to upgrade BSR's hydrogen production unit in Vietnam, based on its proprietary NX Reform technology.
BASF expands its sustainable polyamide portfolio with products with reduced and net-zero CO2 footprints
With Ultramid® LowPCF [reduced carbon dioxide (CO2) footprint/product carbon footprint (PCF**)] and Ultramid® ZeroPCF* [CO2 footprint of net-zero greenhouse gas (GHG) emissions], BASF has launched two new product variants within its polyamide value chain in Europe.
bp abandons goal to cut oil output, resets strategy
bp has abandoned a target to cut oil and gas output by 2030 as CEO Murray Auchincloss scales back the firm's energy transition strategy to regain investor confidence.
- ITT to acquire SPX Flow for > $4.77 B, expanding leadership in highly engineered components and adjacent flow technologies 12/5
- MOL Group introduces eco-friendly Bag-in-Box packaging for lubricants 12/5
- Russia and India sign deal to build urea plant in Russia 12/5
- U.S. liquid fuels groups announce progress on E15, small refinery exemption reform 12/5
- Million Air and Avfuel bring SAF to Austin, Texas (U.S.) 12/5
- Chinese refiners buy oil from storage, raise output with fresh import quota 12/5
