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Economics

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.

Brazil's Petrobras cuts jet fuel prices by around 6%

Brazilian state-run oil firm Petrobras lowered the average price of the jet fuel it sells to distributors by around 6%.

thyssenkrupp Uhde won contract for biopolymer plant from Gulf Biopolymers Industries Ltd

thyssenkrupp Uhde has secured a basic engineering package and front-end engineering design package for the establishment of a biopolymer plant on the Arabian Peninsula.

LyondellBasell's polyolefin technology selected for Dongming Shenghai chemical complex in China

LyondellBasell announced that Dongming Shenghai Co., Ltd., will use the LyondellBasell Spheripol, Hostalen Advanced Cascade Process and Lupotech T technologies for its new facility.

Certification of the recyclability of multilayer films containing polyamide expanded

Following the studies already conducted in 2021 on the recyclability of coextruded polyethylene/polyamide multilayer films, the independent institute cyclos-HTP GmbH has completed further extensive investigations into the recyclability of multilayer films containing polyamide 6 and ethyl vinyl alcohol copolymer.

INEOS completes the acquisition of the Eastman Texas City site

INEOS has announced it has completed the acquisition of the Eastman Texas City site, the 600,000-tpy acetic acid plant and all associated third party activities, from Eastman Chemical Company.

Neste and Eppendorf forge strategic partnership to develop new line of renewable lab plastics

Neste has joined forces with Eppendorf, a leading manufacturer and supplier of laboratory equipment, to advance the development of lab products made with renewable raw materials.

Ørsted partners with Breakthrough Energy Catalyst, the European Commission, and the European Investment Bank for FlagshipONE

Ørsted announced that the EU-Catalyst Partnership, which consists of the European Commission, Breakthrough Energy Catalyst, and the European Investment Bank, has vowed to support Ørsted’s FlagshipONE project, highlighting the innovative nature of this project and its potential to contribute to the decarbonization of shipping.

U.S. ethanol industry needs carbon capture to feed aviation fuel market

Carbon capture and storage at ethanol plants in the U.S. Midwest is necessary if the industry and its farmers hope to have a role in the burgeoning sustainable aviation fuel market.