Economics
Clariant catalysts reduce customers’ footprints by 40 million tons of CO2e in 2023
Clariant, a sustainability-focused specialty chemical company, announced impressive numbers that highlight how the use of its catalyst products enabled the avoidance of greenhouse gas emissions in 2023.
Singapore fuel oil stockpiles hit 20-week lows
Singapore's onshore fuel oil stockpiles slipped to 20-week lows after net imports declined, data showed.
BASF with solid start to the year: EBITDA before special items in first quarter of 2024 slightly above analysts’ consensus
In 2024, BASF commenced the year strongly, unveiling first-quarter figures coinciding with the Annual Shareholders’ Meeting at the Congress Center Rosengarten in Mannheim, Germany, anticipating a comparable turnout to the previous year of around 5,000 attendees.
Brazil's Timbro to export 40% more sugar, enter ethanol market in 2024
Brazilian international trade platform Timbro expects to increase its sugar exports by more than 40% in 2024 to 2 MMt, while also expanding operations to enter the ethanol market.
LG Chem denies report it will merge naphtha cracker business with Lotte Chemical
South Korean petrochemical company LG Chem denied a media report saying it is considering merging its naphtha cracker business with rival Lotte Chemical.
Crude and gasoline stocks fell, distillate stocks rose last week, EIA says
Crude inventories fell by 6.4-MM barrels to 453.6 MM barrels in the week ended April 19, the EIA said, compared with analysts' expectations in a poll for a 825,000-barrel rise.
INERATEC secures state-of-the-art catalysts from Sasol for the production of sustainable e-fuels
INERATEC and Sasol have signed a five-year contract for the supply of Fischer-Tropsch catalysts. INERATEC will use Sasol's state-of-the-art catalysts for the production of sustainable e-fuels, e.g. for aviation.
JX to join forces with Sumitomo at large scale SAF/BECCS project in Louisiana (U.S.)
JX Nippon Oil & Gas Exploration Corporation and Sumitomo Corporation executed consortium agreements to manage investment in the Louisiana Green Fuels BECCS project at Port of Columbia, Caldwell Parish, Louisiana (U.S.).
WestJet buys first Canadian-supplied SAF by Shell Aviation
The airline said the purchase marks a milestone in its mission to achieve net zero emissions by 2050, and is a step forward in making Canada’s aviation industry more sustainable.
Technip Energies selected by Viridor to perform FEED on the Runcorn energy-from-waste carbon capture project in the UK
Technip Energies has been awarded a FEED contract by Viridor for the CCS project at one of the United Kingdom’s largest Energy-from-Waste facilities in Runcorn, United Kingdom and plans to capture around 900,000 tons of CO2 each year, half of which will be from biogenic sources, effectively removing 450,000 tons of CO2 annually from the atmosphere.
- Topsoe secures first SAF project in China 4/30
- Borouge increases Q1 net profit nearly 40% to $273 MM 4/30
- NEXTCHEM finalizes acquisitions of HyDEP and Dragoni to boost green H2 production tech 4/30
- Sponsored Digital Feature: Cut the carbon and boost sustainability 4/30
- DOMO Chemicals responds to surging demand in China with its new TECHNYL polyamide production plant 4/29
- Ineos shuts down Canadian unit for maintenance after chemical leak 4/29
