Economics
New report identifies overwhelming enthusiasm for green utility provision in petrochemicals sector
A new report and survey into utility provision in the petrochemical industry has identified overwhelming enthusiasm for sustainable practices, with almost all process engineers surveyed stating they would pay substantially more for greener equipment.
Wärtsilä and EBDG collaborate on green methanol-powered barge
Technology group Wärtsilä has entered into a collaboration agreement with Seattle, (U.S). based naval architecture and marine engineering firm, Elliott Bay Design Group, to further develop EBDG’s Clean Harbor Alternative Mobile Power Barge design featuring Wärtsilä’s methanol engine technology.
Jet Zero Australia and Apeiron Bioenergy secure Go-Green Grant funding for SAF partnership in Australia and Singapore
Apeiron AgroCommodities Pte Ltd, one of the largest used cooking oil collectors in Asia, and Jet Zero Australia Pty Ltd, an Australian bioenergy company backed by Airbus and Qantas, have partnered on a SAF project under a proposed 50:50 joint venture.
N2O removal system for ammonia-fueled ships selected to receive developmental support from Japan’s Green Innovation Fund
Hitachi Zosen Corporation and Nippon Yusen Kabushiki Kaisha announced that their jointly proposed "Development of N2O Reactor for an Ammonia-Fueled Ship" has been selected by the Japan’s New Energy and Industrial Technology Development Organization as a “Next-Generation Ship Development”.
Nigeria announces reforms to lure oil and gas investment
Nigeria will offer tax credits and streamline contracting processes for new oil and gas projects, the Information Minister said, in a move by Africa's top energy producer to attract much-needed investment.
Ryanair to take additional 500 tons SAF from OMV in 2024
Following Ryanair’s purchase of 500 tons of SAF from OMV in October last, the airline has announced that it will take an additional 500 tons of SAF from OMV in 2024.
Oil prices nearly flat as market weighs Chinese demand, North America supply increase
Oil prices were little changed as markets weighed new economic data from China against increasing supply from the Western Hemisphere.
India's Hydrogen Ambitions: Powering the Future with Green Fuel
India has launched the ambitious National Green Hydrogen Mission in January 2023, aiming to become a global leader in the production, utilization, and export of this clean fuel.
Tecnimont awarded new petrochemical contract by Sonatrach in Algeria worth $1.1 B
Maire announced that its subsidiary Tecnimont has been awarded by Sonatrach through a tendering process an EPCC contract for a new linear alkyl benzene plant in the industrial zone of Skikda, located 350 km east of Algeria.
At least two injured in Iran's Aftab refinery incident, no deaths, state media says
At least two people were injured in an incident during a maintenance operation at the Aftab oil refinery in Iran's Bandar Abbas, Iranian state media outlets reported, citing the operating company
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- Technip Energies selected by Viridor to perform FEED on the Runcorn energy-from-waste carbon capture project in the UK 4/23
- SINOPEC completes its involvement in Kazakhstan's polyethylene project 4/23
- Neste premieres at Chinaplas: showcasing possibilities of bio-based and recycled materials for plastics 4/23
- Russia's oil refining near 11-month low 4/23
- Haiti fuel terminal operations halted as gangs seize trucks 4/23