U.S.

U.S. Gulf Coast fuel oil imports hit 2.5-yr high amid Venezuelan, Russian sanctions

U.S. Gulf Coast refiners are ramping up fuel oil imports to fill a widening gap left by declining heavy crude supplies, particularly from U.S.-sanctioned Venezuela.

Taiwan says it will cooperate with further restrictions on Russian energy imports

While Taiwan joined the United States and major Western allies in putting broad sanctions on Russia after it invaded Ukraine in 2022, it did not explicitly ban imports of energy, a major hard currency earner for Russia.

Phillips 66 provides update on Los Angeles (U.S.) refinery operations

The facility is executing a detailed schedule to safely idle operations. Several process units have been placed in an idle state. The remaining units will be idled in a phased manner through the end of 2025.

BASF Intermediates to produce amines at the Geismar site using 100% renewable electricity

BASF’s Intermediates division has announced that its standard grade amine portfolio will soon be produced by 100% renewable electricity credited to the Geismar, Louisiana Verbund site.

Shell Polymers, ISOFlex collaborate to produce ISCC PLUS certified circular polyethylene packaging

Shell Polymers and ISOFlex, a division of Sigma Plastics Group, have entered a commercial collaboration that enables the use of ISCC PLUS certified circular polyethylene for food-grade flexible packaging.

ReElement Technologies expands Noblesville refinery by 141% to accelerate rare earth and critical mineral production

American Resources Corp., through its holding in ReElement Technologies Corp., a U.S. innovator in rare earth element (REE) and critical mineral refining, announced the 141% expansion of its Noblesville critical mineral refining facility.

U.S. total distillate inventories forecast to end 2025 and 2026 at multiyear lows

MHI Compressor Intl. delivers critical turbomachinery for Woodside Energy’s Beaumont New Ammonia Project

This facility, originally developed by OCI Global as the OCI Clean Ammonia project, now owned by Woodside Energy, will be the first large-scale, lower-carbon greenfield ammonia facility in the world.

Gevo, Biorecro to accelerate multi-year carbon credit offtake and business expansion

Gevo and Biorecro are able to provide immediate, operational solutions for companies with hard-to-abate emissions, solving demand needs today with the supply of high-integrity durable carbon removal credits from Gevo North Dakota, which are certified by Puro.earth.

China's ethylene surge could spell more pain for U.S., European chemical firms

The world's second-largest economy operates more than 54 MMtpy of ethylene capacity and is projected to rise about 9% of global 2024 capacity by 2030.