Economics
Fluor announces Q3 contracts from Dow for net-zero ethylene cracker and derivatives complex in Canada
Fluor Corporation was awarded two contracts from Dow for the construction of the world’s first net-zero scope 1 and 2 emissions integrated ethylene cracker and derivatives complex in Fort Saskatchewan, Alberta, Canada.
Suez Canal and Scatec sign $1.1-B green methanol MoU
Egypt's Suez Canal economic zone and Scatec ASA have signed a memorandum of understanding worth $1.1 B to supply ships with green fuel.
Kuwait's al-Zour refinery now fully operational
Kuwait Integrated Petroleum Industries Company said in a statement that the third and final units at the al-Zour refinery are now operational.
Petroecuador says crude oil output surpasses 400,000 bpd
Ecuador's state oil company Petroecuador said that crude oil output surpassed 400,000 bpd for the first time since January 2021.
Russia's seaborne diesel exports rose in November with the ban lifted and increased production
Seaborne diesel and gasoil exports from Russian ports rose 8.5% in November from a month earlier to about 2.8 Mmt after an export ban was lifted and production grew.
Vietjet and Novus Aviation Capital sign MoUs for aircraft financing, leasing, and SAF development
Vietjet and Novus Aviation Capital have signed Memorandum of Understandings to explore the establishment of an aircraft financing and leasing vehicle as well as collaborating on the supply of SAF in Vietnam alongside SAF One, Novus’s established and dedicated SAF platform.
Alaska Airlines partners with CHOOOSE to empower guests to reduce emissions and support growth of the SAF market
Alaska Airlines announced it is partnering with climate-tech company CHOOOSE to provide new options for sustainability-minded guests to take action on their travel-related carbon emissions by purchasing SAF credits or support nature-based climate projects.
India resumes imports of Venezuelan oil, Reliance seeks direct deal
Indian refiners have resumed Venezuelan oil purchases through intermediaries, with Reliance set to meet executives from state firm PDVSA next week to discuss direct sales following the easing of U.S. sanctions on the South American country.
Process design considerations for green ammonia manufacturing
To fulfill the climate goals of limiting the rise in global temperatures, green hydrogen has emerged as an alternate unconventional fuel.
How to gain an advantage from the propylene production gap—Part 2
This work will detail the available processing routes capable of maximizing propylene yield in refineries, allowing refiners to gain advantage from the propylene market.
- 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
- Addis Energy secures $8.3 MM to scale its transformative approach to low-cost ammonia production 12/5
- World Fuel Services supplies cruise line with waste-based biofuels 12/5
- Chevron announced $18 B-$19-B CAPEX budget for 2026 12/5
- Russia and India sign deal to build urea plant in Russia 12/5
