Economics
Asia's SAF projects and agreements
SAF, or alternative fuel made from renewable sources that are used to power aircraft, is crucial for the aviation sector to reach its goal of net zero carbon emissions by 2050, but its adoption remains in a nascent phase. Following is a look at other SAF projects and agreements in the Asia-Pacific region.
Sir Ratcliffe warns Europe is “sleepwalking towards offshoring its industry, jobs, investments”
Sir Jim Ratcliffe, Chairman and Founder of INEOS, has written to Ursula von der Leyen, President of the European Commission, warning that Europe is “sleepwalking towards offshoring its industry, jobs, investments, and emissions.”
BAYEGAN selects Lummus for integrated PDH and PP complex
BAYEGAN will license Lummus' CATOFIN technology for a new 450 KTA propane dehydrogenation unit and Lummus' Novolen technology for a new 450 KTA polypropylene unit.
Biden administration (U.S.) to approve E15 gasoline expansion starting in 2025
The White House (U.S.) will approve a request from a group of Midwest governors to allow year-round sales of gasoline with higher blends of ethanol, but will push the start date into next year.
CITGO enters EV space with pilot program in Michigan (U.S.)
CITGO Petroleum Corporation, along with longtime Marketer Folk Oil Company, recently launched an electric vehicle charging pilot program designed to meet the needs of EV drivers in Battle Creek, Michigan.
Regional hydrogen hubs set to kickstart Australia’s hydrogen industry
The Australian Hydrogen Council today congratulates the Australian Government on the announcement of a $140-MM agreement with the Western Australian Government to progress a hydrogen hub in the Pilbara region of Western Australia.
Foundation stone laid for Qatar’s $6-B Ras Laffan petchem complex, production to rise to 14 MMtpy by 2026
His Highness Sheikh Tamim bin Hamad Al Thani, Amir of the State of Qatar, laid the foundation stone for the Ras Laffan Petrochemical Complex, one of the largest in the world, which will raise Qatar’s overall petrochemical production capacity to about 14 MMtpy by the end of 2026.
Australia’s Ampol to upgrade Lytton refinery, posts 1.1% rise in annual profit
Australia’s Ampol Ltd said it intends to upgrade its Lytton refinery located in Queensland to align its gasoline production quality to comply with the latest standards for both regular and premium gasoline grades.
Topsoe ammonia technology to boost Approtium's hydrogen production in South Korea
Topsoe has signed an engineering agreement with Approtium to deliver its proven ammonia cracking technology, H2RETAKE, converting low-carbon ammonia, also referred to as blue ammonia, back into hydrogen.
UAE's Fujairah January marine bunker sales rise to five-month highs
Marine bunker fuel sales at Fujairah port in the United Arab Emirates recovered to five-month highs in January, latest data showed, in line with stronger refueling demand globally following Red Sea events.
- Evonik launches high performance isodewaxing catalysts for fuels and lubricants production 4/16
- BASF to increase its price for neopentylglycol in the U.S. and Canada 4/16
- AMETEK Process Instruments announces additions to next-gen quartz crystal microbalance moisture analyzer line 4/16
- Brenntag Energy Services announces designated distributorship with BASF for Keropur fuel performance additives in continental Europe 4/16
- Shell restarts crude unit at Pernis oil refinery 4/16
- Nigerian airlines threaten to halt flights over soaring jet fuel prices 4/16
