GlobalData: Asia to lead global ethylene capacity additions by 2027
Asia is expected to lead global ethylene industry capacity additions with a share of 54.8% by 2027, by gaining capacities from new-build and expansion projects between 2023 – 2027.
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Asia is expected to lead global ethylene industry capacity additions with a share of 54.8% by 2027, by gaining capacities from new-build and expansion projects between 2023 – 2027.
World Fuel Services and Neste have announced their recently signed agreement for SAF, further strengthening the relationship between these two global companies.
With record high margins in 2022 pushing toward increasing market tightness, volatility, and potential long-term challenges, players can use this time as an opportunity to become more resilient. Cherry Ding, Tim Fitzgibbon, Hari Govindahari and Brian Roth, McKinsey, discuss.
The UAE's economic growth prospects for 2023 face key obstacles, including a decline in oil output resulting from OPEC-agreed production cuts, a slowdown in the non-oil sector due to higher interest rates, and subdued external demand.
Koch Engineered Solutions and Chart Industries agree to collaborate on carbon capture utilisation and storage (CCUS) projects.
ORLEN Poludnie has recently concluded the first year of operation of its BioPG plant, converting glycerol, a byproduct of biodiesel production, into renewable propylene glycol.
BCCK's patent-pending technology has been designed to optimise propane recoveries.
API has signed two separate MoUs with ASNT and NDTMA to support the industry’s shared goal of promoting quality non-destructive testing and examination, and enhanced safety for the natural gas and oil industry.
Aspen Technology's process simulation software is being integrated with BPCL's real-time crude assaying platform to achieve greater agility and more accurate decision making in feedstock selection.
Graforce and Worley are cooperating to scale methane electrolysis – a technology that converts natural gas, LNG, flare gas and other hydrocarbons into hydrogen – across the APAC region.
Cheniere has entered into a long-term LNG sale and purchase agreement with KOSPO, whereby KOSPO has agreed to purchase approximately 0.4 million tpy of LNG from Cheniere Marketing.
Masdar has signed an agreement with Airbus to support the development and growth of the global SAF market.