Petrochemicals
Energy commodity prices in 2022 showed effects of Russia’s full-scale invasion of Ukraine
After increasing 68% from January through June, the energy component of the S&P Goldman Sachs Commodity Index (GSCI) ended the year 10% higher than the first trading day of 2022.
Decarbonization is at the forefront of environmental innovation
Earth’s carbon dioxide levels have increased appreciably within the last several decades, which directly correlates to rising environmental concerns of GHG emissions, pollution and disruptions of marine and terrestrial environments, among others.
Innovations
Total organic carbon is an important quality parameter in the various manufacturing and process environments that depend on ultrapure water.
New state-of-the-art in sulfur recovery?—Part 2: Environmental benefits
It is widely accepted that state-of-the-art sulfur recovery technologies utilize the modified Claus process as well as some extension technology on the tail gas.
Maire Tecnimont wins $1.3 B EPC petrochemical contract
Maire Tecnimont announced that its subsidiary Tecnimont S.p.A. has been awarded an EPC (Engineering, Procurement e Construction) Lump Sum contract relating to the implementation of a petrochemical project.
Oman's OQ, Kuwait Petroleum International and SABIC plan petrochemicals complex
Oman's state energy company OQ has signed an agreement to develop a petrochemicals complex in the Duqm economic zone with Kuwait Petroleum International and Saudi Basic Industries Corp.
Tanker rates for refined petroleum products reach multiyear highs during 2022 (1)
Rates for petroleum product tankers that carry low-sulfur petroleum products, including refined petroleum products such as motor gasoline, diesel fuel, jet fuel, and naphtha, reached multiyear highs this summer.
Asia jet fuel set for bumpy ride in 2023 despite some China recovery
A full recovery in jet fuel consumption will boost Asian refiners' margins and crude demand further, lifting global prices.
Lummus to provide digitalization services to Zhangzhou CHIMEI Chemical Company
Lummus Technology announced it has been awarded a contract by Zhangzhou CHIMEI Chemical Co. Ltd. for digitalization services at their petrochemical facility in Gulei, Fujian Province, China.
Aramco and TotalEnergies to build $11-B Saudi petrochemicals plant
Saudi Arabian Oil Company (Aramco) and TotalEnergies will join forces to build a new petrochemicals complex in Saudi Arabia, the French energy group said on Thursday.
- 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
