Project Management

Deutsche Bank sets 2030 targets to cut emissions tied to loans

By 2050, the bank said so-called financed emissions tied to the oil and gas sector, including Scope 3 emissions from the use of gasoline and other refined products by end-users, would be reduced by 90%.

Indonesia and Rosneft partner for $24 B Java oil refinery

Rosneft will parnter with Indonesia to contribute $24 B on a greenfield refinery in East Java province, according to Global Construction Review.

Neste's NEXPAO technology to be used at CNOOC and Shell Petrochemical's Huizhou production site in China

Neste's Engineering Solutions and CNOOC and Shell Petrochemicals Company Limited have signed an agreement for CSPC to utilize Neste's proprietary NEXPAO technology at its new synthetic base oil production unit in Daya Bay Economic & Technological Development Zone.

Braskem Idesa works with Emerson to drive operational excellence, achieve sustainability goals

Global software and technology leader Emerson announced a strategic partnership with Braskem Idesa to provide digital automation technologies and engineering services across its operations to meet business performance metrics and achieve its sustainability goals.

bp accelerates and expands in bioenergy, agreeing to buy leading US biogas company Archaea Energy

In a move that will expand and accelerate the growth of its strategic bioenergy business, bp announced that it has agreed to acquire Archaea Energy Inc., a leading producer of renewable natural gas (RNG) in the US.

ABL Group and Mammoet complete Dos Bocas marine transportation project

Energy and marine consultancy ABL Group and its client Mammoet have successfully completed 12 heavy-lift shipments of refinery equipment to the new Dos Bocas project in Mexico.

Shares in Brazil's Braskem jump after report on new Apollo bid, shareholders deny

Shares in Brazilian petrochemical producer Braskem SA jumped more than 20% on Tuesday after local newspaper O Globo reported that U.S.-based asset manager Apollo made a new, higher bid for the company.

2022 HP Awards Finalists

Nichols, Lee, Hydrocarbon Processing Staff

Hydrocarbon Processing, the downstream processing sector’s leading technical publication for 100 yr, has announced the finalists for its sixth annual HP Awards, which celebrate innovative technologies and people that have been instrumental in improving facility operations over the past year.

Carbon recycler LanzaTech strikes financing deal with Brookfield

Carbon recycler LanzaTech NZ Inc has struck a deal with Brookfield Renewable Corp for a $500 MM commitment by the investment firm to finance upcoming projects using LanzaTech's technology.

New awards for an overall value of approximately €200 MM in Maire Tecnimont’s technology-driven business

Maire Tecnimont announced that its main subsidiaries Tecnimont, KT-Kinetics Technology and Stamicarbon have been granted new awards for a total amount of approximately €200 MM for licensing as well as EPC activities.