Europe
Business Trends: In uncertain times, how can industry balance energy security, sustainability and affordability?
What happened in 2022 has challenged assumptions about the energy transition.
Oil group MOL disputes hikes to pipeline fees through Ukraine, Croatia
Hungarian oil group MOL expects to be able to choose between Russian or non-Russian crude for its refineries by 2026 by implementing substantial investments.
Finland's Neste misses first-quarter earnings estimates, warns of market volatility
Finland's Neste on Friday posted weaker than expected first-quarter operating earnings and said forecasting both biofuels and oil sales margins will continue to be difficult owing to market volatility.
Jet2 invests in sustainable fuel plant as airlines seek to meet 2030 targets
Britain's Jet2 said it has invested in a sustainable aviation fuel production plant in northern England, as airlines jostle to secure supplies of the green fuel ahead of 2030 targets.
W.R. Grace announces PP plant startups and license awards in China
W.R. Grace & Co announced the start-up of a 500,000-tpy PP reactor line by PetroChina GuangDong PetroChemical Company, the world’s second-largest petroleum company.
Maire’s Nextchem acquires control of Catc, an innovative plastic chemical recycling technology
Maire Tecnimont S.p.A. announces that its subsidiary NextChem, within the Sustainable Technology Solutions business unit, has acquired a 51% stake in MyRemono S.r.l.
Asahi Kasei and Microwave Chemical demonstrates project for chemical recycling of polyamide 66 using microwave-based tech
Asahi Kasei and Microwave Chemical launched a joint demonstration project in April 2023 with the objective of commercializing a chemical recycling process for polyamide 66 using microwave technology.
EU agrees binding green fuel targets for aviation
The European Union has agreed a deal to set binding targets for airlines in Europe to increase their use of sustainable aviation fuels, in an attempt to kickstart a market for green fuels and start curbing the aviation sector's carbon footprint.
Innovations in industrial zeolite mesoporization deliver robust catalytic benefits in hydrocracking
Zeopore offers post-synthetic mesoporization technologies which remove these hurdles, offering a superior yield of middle distillates and increased activity as compared to both conventional and state-of-the-art mesoporous zeolites.
BioBTX and Agilyx announce collaboration for the production of circular aromatic chemicals
BioBTX B.V. and Agilyx ASA have entered into a strategic collaboration to explore the scale-up of BioBTX technology at a commercial demonstration plant for the production of renewable aromatic chemicals.
- 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
