Economics
Glander International Bunkering completes first biofuel supply for Asphalt tanker
Glander International Bunkering successfully supplied 347MT of B24 FAME / FO blend to MT BITU ATLANTIC, a 50805DWT asphalt tanker for Rubis Group.
Yokogawa joins Avelia’s blockchain-powered SAF purchasing program
Yokogawa Electric Corporation announces it has become the first industrial automation customer headquartered in Asia to join Avelia, a blockchain book-and-claim platform for SAF.
China's Hengli Petrochemical wins license to supply bunker in Zhoushan
A subsidiary of Hengli Petrochemical, China's privately controlled refiner and petrochemical producer, has won a license to supply bonded marine fuel in Zhoushan, the country's bunker hub.
Sinopec NZRCC selects Lummus' polypropylene technology for large-scale plant in China
Lummus Technology announced a contract from Sinopec Ningbo Zhenhai Refining & Chemical Co. Ltd. to license Lummus' Novolen technology for a new 500 ktpa polypropylene plant in Ningbo, China.
Global diesel prices soften as inventories edge upward
Global distillate fuel oil inventories remain much lower than normal for the time of year but there are signs they are no longer falling which has eased some of the upward pressure on prices.
India wants Saudi Aramco to develop strategic petroleum reserve as ties strengthen
India wants Saudi Arabia's Aramco to participate in its planned 6.5 Mmt strategic petroleum reserve program as the South Asian nation wants to strengthen ties with its key oil supplier.
Mexico's Pemex expects to boost refining to 1.16 M bpd this year
Mexican state-owned oil company Pemex expects to process 1.16 million barrels of crude oil per day by the end of 2023, a goal which would represent significant growth from current refining levels.
Borouge signs agreement with NPCC to supply critical materials for key energy projects in UAE
Borouge Plc announced that it has signed a Memorandum of Understanding with National Petroleum Construction Company, a UAE-based Engineering, Procurement and Construction Company.
thyssenkrupp Uhde inks service contract with Hive Energy for Spanish green hydrogen plant
thyssenkrupp Uhde has been engaged by Hive Energy Limited to deliver a pre-FEED to support the development of Hive’s first green hydrogen / ammonia production plant in Spain.
BASF first to commercially produce metal-organic frameworks for carbon capture
BASF is the first company to produce metal-organic frameworks on a production scale of several hundred tons per year.
- 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
