Environment
Business Trends: A 2024 and beyond outlook for the GCC chemical industry
The global chemical industry faced a challenging year in 2023. Various factors contributed to sluggish demand growth for chemicals globally, including the European recession, U.S. inflation and a lower-than-expected chemical demand rebound in China. These factors resulted in global chemical market growth of < 1% in 2023, with many producers experiencing lower output.
Innovations: Digital Valve Controller Offers Embedded Edge Computing to Streamline Workflows, Optimize Performance
In late 2023, Emerson released its Fisher™ FIELDVUE™ DVC7K Digital Valve Controller, a new design improving upon 30 yr of field-proven innovation.
More than 20% of global oil refining capacity at risk, analysis finds
More than a fifth of global oil refining capacity is at risk of closure, energy consultancy Wood Mackenzie found in analysis published, as gasoline margins weaken and the pressure to reduce carbon emissions mounts.
Emirates adds SAF on flights from Amsterdam Schiphol Airport
Emirates has commenced the activation of its fuel agreement with Neste at Amsterdam Schiphol Airport, with over 2 million gallons of blended SAF to be supplied into the fueling system throughout 2024.
Shipping industry faces fuel dilemma in bid to cut emissions
The shipping industry is increasingly pressured to decarbonize, yet the path to achieving net zero is complicated by unclear regulatory guidelines, particularly concerning the types of cleaner fuels large vessels should use, leaving players reluctant to commit to one less carbon-intensive fuel over another for their fleets, be it hydrogen-carriers methanol, ammonia, biodiesel, or LNG.
Global energy giants commit to accelerated transition to low-carbon future
At CERAWeek by S&P Global in Houston, Texas, executives met to network and discuss strategies for scaling technologies of the future. In a panel moderated by Atul Arya, Senior Vice President and Chief Energy Strategist at S&P Global, the panelists discussed the large-scale deployment of various technologies over the next several decades, including renewables, carbon capture, utilization and storage, hydrogen and much more.
Audubon launches unprecedented vapor recovery & reuse system for EPA compliance
Audubon Engineering Company introduced its patented Vapor Upcycle System as a sustainable-energy solution for capturing and reusing hazardous air pollutants.
ABB and Cap Clean Energy collaborate to help SAF production take off
ABB has signed an agreement with Cap Clean Energy to collaborate on SAF production sites in the Canadian provinces of Manitoba, Saskatchewan and Alberta.
Cathay Pacific elevates decarbonizing aviation with new SAF target
Cathay has further demonstrated its unwavering dedication to decarbonizing the aviation industry, setting a new target to improve its carbon intensity by 12% from the 2019 level by 2030 using SAF.
JERA, ExxonMobil to explore development of hydrogen and ammonia production project in U.S.
JERA, Japan's top power generator, said it has agreed with ExxonMobil to jointly explore the development of a U.S.-based low-carbon hydrogen and ammonia production project.
- 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
- IOCL selects Lummus' cumene technology 4/23
- Hanwha Ocean, Amogy and Hanwha Aerospace forge partnership to decarbonize maritime sector with ammonia as a zero-emission fuel 4/23
- Technip Energies and Anellotech to jointly develop sustainable plastics recycling 4/22
