The environment

Atlas Copco Energas GmbH and STRABAG Umwelttechnik GmbH have agreed on an extensive cooperation in the area of industrial and high-performance heat pumps.

Phillips 66 plans to invest US$1.1 billion in refining, including US$389 million for reliability, safety and environmental projects.

Baker Hughes and Woodside have entered into an MoU to explore potential business arrangements and initiatives that may have the potential to support Woodside’s climate strategy.

Pennzoil-Quaker State Co., a subsidiary of Shell, has acquired a 49% interest in Blue Tide Environmental – a company focused on building a global network of lubricant recycling facilities.

Essar Oil UK Ltd has announced its plan to build a £360 million major new carbon capture plant at its Stanlow refinery in line with its ambition to become a leading low carbon refinery by 2030.

A new report from the Energy Efficiency Movement shows that improving industrial energy efficiency is the fastest and most effective way for a business to cut energy costs and greenhouse gas emissions.

ExxonMobil has added Mitsubishi Heavy Industries’ carbon capture technology to its integrated CCS offering.

Technip Energies has been awarded a contract for sustainable aviation fuels production at TotalEnergies’ Grandpuits zero-crude platform in France.

Kent, an engineering company in oil and gas; decarbonisation; CCUS; offshore wind; and hydrogen, has been awarded a major contract win by INEOS Energy for Project Greensand in Denmark.

Honeywell has signed a Memorandum of Understanding (MoU) with Egypt’s Environ Adapt for Recycling Industries with the aim of advancing plastics recycling in the country.

Sichuan Energy Investment (SCEI) and hte have signed an MoU to establish a satellite laboratory in Heidelberg, Germany, to accelerate SCEI’s R&D activities.

NEXT Renewable Fuels and Industrial Tech Acquisitions II, Inc. have signed a business combination agreement expected to result in a newly-combined company known as NXTCLEAN Fuels.

Vopak and Petronas have signed a Memorandum of Understanding (MoU) for the development of the value chain for CCS in the Southeast Asia region.

Neste, Brightlands Venture Partners, 4impact and Asahi Kasei are investing in Circularise, a start-up aimed at accelerating the transformation to more sustainable materials within the polymers and chemicals industry.

Oil and gas companies are carving out their own energy transition paths by investing in technologies, initiatives and partnerships to accelerate the shift towards green and renewable energy.