The environment

According to Bloomberg Intelligence’s ‘2024 Global Energy Predictions’ report, US oil refining margins are set to contract sharply and OPEC+ production cuts should extend and deepen.

LG Chem and Enilive have moved a step closer to final investment decision (FID) on a new biorefinery project in South Korea by signing a joint venture agreement.

INEOS produced bio-based high-density polyethylene (HDPE) has been used to create the world’s first fully sustainable gas pipeline.

Repsol will exceed 600 service stations supplying 100% renewable fuel by the end of 2024.

Rice University and Woodside Energy has announced a ground-breaking five-year technology collaboration aimed at reducing greenhouse gas emissions and providing lower carbon solutions.

TDK Corp. has announced that its subsidiary, TDK Ventures Inc., has participated in INERATEC's Series B funding round.

Neste has been included in the Corporate Knights 2024 Global 100 Index of the most sustainable companies.

BP has agreed to acquire GETEC ENERGIE GmbH, an independent supplier of energy to commercial and industrial (C&I) customers in Germany.

Last year proved the power of global markets. Alan Gelder, Wood Mackenzie, UK, presents the company’s refining, petrochemicals and oil market outlook for the new year ahead.

A.P. Moller – Maersk, one of the founding members of the Green Fuels Alliance India, will take a seat on the steering committee as one of the representatives of the maritime industry for the conversations around green fuels.

NextChem’s subsidiary dedicated to plastic depolymerisation has been pre-selected for the grant agreement preparation related to the 'Innovation Fund 3rd call for Small Scale projects'.

Encountercare Solutions, through its wholly owned subsidiary, CyberFuels, Inc., has closed on the purchase of over 71 acres of land and waterways for its new green energy campus.

Barclays is establishing a new energy transition group within its corporate and investment bank to support clients on the path to net zero.

The API has called on policymakers to focus on a long-term energy plan that strengthens energy independence and accelerates energy innovation.

Infinium and Mo Industrial Park have signed a Memorandum of Understanding (MoU) to develop Norway’s first advanced eFuels production facility.