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Economics

Lhyfe and SAF+ International Group sign a MoU to produce e-SAF

Lhyfe and SAF+ sign a MoU to combine their expertise to develop the production of e-SAF from green and renewable hydrogen, at a production site located in the Le Havre area.

Enerkem to retire its Edmonton Biofuels facility

Enerkem announced that it will be retiring its Enerkem Alberta Biofuels plant in Edmonton.

SOCAR ships Azeri BTC oil to Thailand via Cape of Good Hope

Azerbaijan's state oil company SOCAR is shipping Azeri BTC oil to Thailand via Africa's Cape of Good Hope to avoid the Red Sea.

LyondellBasell beats Q4 profit estimates as lower ethane costs benefit

LyondellBasell LYB.N beat Wall Street estimates for fourth-quarter profit on Friday, on stable demand for its chemicals in the U.S. polyethylene market.

U.S. manufacturers poised for resumed growth, diesel shortage

Consumption of diesel and other distillate fuel oils is closely correlated with the manufacturing and freight cycle so the business upturn is very likely to result in renewed growth in distillate use in 2024.

Evergreen, X-Press Feeders sign green methanol shipping agreement

Taiwanese container shipping major Evergreen Marine has signed an agreement to use Singapore-based X-Press Feeders' new green methanol ships in Europe.

Power loss forces bp to shut biggest U.S. Midwest refinery

bp was purging its 435,000-bpd Whiting, Indiana, hydrocarbon refinery after a transformer failure caused a plant-wide power outage and forced an evacuation of all but the most essential workers.

Stamicarbon secures contracts for ultra-low energy urea plant in China

Jiangsu Huachang Chemical Company awards to Stamicarbon, the nitrogen technology licensor of the MAIRE engineering group, licensing and equipment supply contracts for a urea melt plant in China.

Yokogawa releases Extractive Tunable Diode Laser Spectrometer TDLS8220

Yokogawa Corporation of America announced the release of the Extractive Tunable Diode Laser Spectrometer TDLS8220, a new generation OpreX Analyzer product.

ERIKS North America honors founding legacy with rebrand to LGG Industrial

ERIKS North America, a provider of fluid handling, sealing, and material conveyance solutions, is rebranding to LGG Industrial.