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Iraq in talks with ExxonMobil on Asian refining capacities
Iraq's state oil company SOMO is in advanced talks with ExxonMobil over a possible agreement to secure storage capacity in Singapore using tanks owned by the U.S. oil major, as well as refinery capacity deals.
Chevron seeks diversified approach to refinery investments
"There'll be places like Korea where we go investment heavy in petrochemicals and in heavy oil upgrading."
China oil demand to peak in 2027, up 100,000 bpd this year
China's total oil demand including all products is set to peak in 2027, with a rise of about 100,000 bpd this year driven by increased volumes from the petrochemicals sector, a state oil researcher said.
BAPCO expects to commission 400,000-bpd Sitra refinery in Q4
Bahrain's state oil firm Bapco Energies expects to commission its Sitra refinery expansion in the fourth quarter of this year, and will be looking to buy heavier crudes than it now runs and more LNG
Borealis invests over €100 MM in Austria to expand polymer compounding capabilities
Borealis is strengthening its position as a reliable partner for sustainable, high-performance materials with a major investment at its production location in Schwechat, Austria. The new PP compounding line is expected to begin operations in the second half of 2026.
Digital Exclusive: Improving rotor performance with the high-speed balancing bunker
This technical article demonstrates how a novel high-speed balancing bunker serves as a critical resource for maintaining the performance and reliability of high-speed rotors in turbomachinery.
U.S. biodiesel and renewable diesel imports fall sharply in 2025 after tax credit change
U.S. imports of biodiesel and renewable diesel significantly decreased in the first half of 2025 compared with the same period in previous years. This decline is primarily due to the loss of tax credits for imported biofuels and generally lower domestic consumption of these fuels.
Axens kicks-off first worldwide full-SAF unit in Asia
Axens has successfully started up 100% sustainable aviation fuel (SAF) unit at site in Asia. The facility has the capacity to entirely convert 300,000 tpy of renewable feedstock into high-value SAF.
Shell officially scraps plans for 820,000-tpy biofuels facility in Rotterdam
Shell will not resume construction of a biofuels facility at its Shell Energy and Chemicals Park in Rotterdam after an in-depth evaluation found it would not be competitive, the company said.
ECI Group's technology selected for world's first commercial-scale, fossil-free LDPE facility
Vioneo has awarded a major contract to ECI Group. The project will deliver the world’s first low-density polyethylene (LDPE) plant to operate using an entirely fossil-free feedstock.
- 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
