Energy

Ineos and Covestro Announce Landmark LNG Deal

Ineos and Covestro announced a significant long-term agreement for the natural gas supply for up to eight years, starting in 2027.

Ineos Energy Acquires Oil & Gas Assets from CNOOC

The completion of the deal marks the third major investment by Ineos Energy in the USA in the past three years. It increases Ineos' capital spending on energy assets in the USA to above $3 billion.

Venture Global “on Track” to Be Germany’s Top LNG Supplier

Venture Global, a US-based exporter of LNG, which has just agreed two major supply deals with German customers, says it is on track to solidify its position as the country’s largest supplier of liquefied natural gas.

Air Liquide Builds Pilot Ammonia Cracking Plant

Air Liquide plans to build an ammonia cracking pilot plant in the Port of Antwerp, Belgium. The plant will be based on a novel process using Air Liquide’s proprietary technologies and is scheduled to start operating in 2024.

Aramco and DHL Plan Saudi Logistics Hub

Saudi Aramco and DHL Supply Chain have signed an agreement to set up a new procurement and logistics hub in Saudi Arabia. The facility would be the first in the region to cater to customers in the industrial, energy, chemical and petrochemical sectors.

German Chemical Industry Mood Brightens

The mood of the German chemical industry brightened at the beginning of 2023 on the back of a sharp downslide in the last quarter of 2022, when production slumped by 14%, producers operated plants at around three-quarters of capacity, demand sank and sales declined both in domestic and foreign markets.

OQ Chemicals Expanding Capacity for Carboxylic Acids

As part of a capacity increase for carboxylic acids, Oberhausen, Germany-based OQ Chemicals, part of Oman’s state-owned energy company OQ, is investing an undisclosed sum in an optimization and debottlenecking project for precursors at its German plants.

BP Studies Hydrogen Hub in Egypt

BP has signed a Memorandum of Understanding (MoU) with the Egyptian Government under which the multinational energy giant will explore the potential for establishing a green hydrogen production plant in the country.

Covestro Puts MDI Expansion on Hold Again

Covestro is again putting on hold its previously announced plans to build a new 500,000 t/y plant for polyurethane precursor MDI.

Vopak Singapore Mulls Ammonia Storage Expansion

Vopak Singapore is considering expanding its ammonia infrastructure in response to growing demand for sustainable energy. The expansion at its Banyan terminal would include full import and export capabilities for low-carbon power generation and bunker fuels.

Solvay Opens Microbiology Lab for Energy in UK

Solvay has opened a new advanced microlab for the energy sector at Oldbury in the UK.

Eurotecnica Wins More Melamine Contracts

Eurotecnica, the technology arm of energy firm and major methanol producer Proman, has announced the award of two large contracts for implementing high-pressure melamine plants.

Petrobras Closes Deten Sale to CEPSA

Brazilian oil group Petrobras has finalized the sale of its entire 27.88% stake in linear alkyl benzene (LAB) producer Deten Quimica to Spanish energy and petrochemicals group CEPSA Quimica for 514 million Brazilian reais.

US Gas out of Favor With Germans

Tighter US Sanctions on Russia Could Hurt Europe

Repsol and Gazprom Agree Russian JV

Ecology Wins, Energy Loses in Stop-gap US Budget

BP/DuPont JV Buys Nesika Energy

Air Liquide Launches Remote Plant Management

Hydrogen Council Launched at World Economic Forum

Saudi Aramco and Pertamina Progress Indonesian JV

Trump Seen as Bowing to Fossil Fuels Industry

Total Plans $2 Billion Investment in Iran

ChemChina Signs Saudi Collaboration

Iran and South Africa Agree GTL Knowhow Transfer

CEFIC Launches Energy Efficiency Project

Energy Management and Efficiency for the Process Industries

Energy in 2014: A Year of Change

Air Liquide and Exxxon Mobil in Licensing Pact

New Challenges Demand New Processes

Reinventing Sustainable Value Creation

ExxonMobil President Says Bureaucracy Strangling LNG Exports

CCS to be Commercialized at Grangemouth

Low Oil Prices Pose Challenges for European Chemical Industry

Momentive Expands Two Plants in Thailand