Economics
Exxon Mobil to construct a green petchem refinery in Indonesia with $15 B budget
Exxon Mobil is set to make a significant investment of up to $15 B in Indonesia for a green petrochemical refinery and carbon capture storage facility.
NPC to invest $4.2 B for new petchem projects to enhance self-sufficiency
Iran's National Petrochemical Company to invest $4.2 billion for self-sufficiency, focusing on propylene, methanol, ethylene, aromatics, and butylene production, targeting a capacity increase to 200 MMt in the next decade.
Tankers newly sanctioned by U.S. supplied Russian oil to India
Three oil tankers, newly sanctioned by Washington, regularly shipped Sokol crude from Russia's Far East to Indian Oil Corp, the country's top refiner, in recent months, according to shiptracking data from LSEG, Kpler and trade sources.
Cummins Inc. selected by the UK Department of Transport for its high-horsepower methanol vessel retrofit project
Cummins Inc. announced the selection of its proposal to jointly develop a Methanol Kit for its QSK60 engine as part of the Zero Emission Vessels and Infrastructure competition, funded by the UK Government and delivered in partnership with Innovate UK.
Macquarie invests $190 MM in green aviation fuel supplier SkyNRG
Australia's Macquarie Group Ltd said its asset management arm will make an initial investment of about $190 MM in Netherlands-based SAF supplier SkyNRG.
Kuwait's KIPIC has sufficient stocks despite al-Zour shutdown
Kuwait Integrated Petroleum Industries Company has sufficient stocks of diesel, naphtha, kerosene and fuel oil to meet obligations to local and foreign customers despite an almost complete shutdown of the al-Zour refinery.
DG Fuels selects Emerson to support sustainable biofuels production
Emerson, a leader in industrial software and technology, has been chosen by DG Fuels to provide comprehensive automation and project engineering to help transportation sector decarbonization efforts through production of advanced biofuels.
Boeing and Zero Petroleum to work together to advance SAF
Boeing and Zero Petroleum announced a collaboration for testing and analyzing the next generation of technologies to accelerate the supply of SAF.
Exxon moves Beaumont, Texas, (U.S.) CDU overhaul to June from August
Exxon Mobil moved up the start date for a CDU overhaul at its 619,024-bpd Beaumont, Texas, refinery from August 2024 to June 2024, said people familiar with the company’s plans.
TotalEnergies Lubrifiants integrates recycled plastics into its lubricant bottles via TotalEnergies Polymers
The premium product range of TotalEnergies Lubrifiants in Europe is now packaged in platinum-colored bottles containing 50% post-consumer recycled polyethylene.
- 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
