The environment

McKinsey & Company’s latest ‘Global Energy Perspective’ projects that oil demand will peak in this decade, perhaps as soon as 2025.

Mitsubishi Heavy Industries Engineering Ltd has agreed to license its carbon capture technology for phase 1 of a CCUS project being developed by Eni S.p.A.

Indorama Ventures, a global sustainable chemical company, has completed the acquisition of Ngoc Nghia, one of Vietnam’s leading PET packaging companies.

Baker Hughes has acquired Mosaic Materials to further develop and scale its capture technology for CO2 reduction from stationary sources and CO2 removal from the atmosphere.

The AFPM has issued a statement regarding revisions made to the National Environmental Policy Act (NEPA) Phase 1 regulations.

Shell has published its Energy Transition Progress Report 2021 detailing the company’s progress over the past year.

Refuel Energy Inc. has announced its plans for the construction of a 3000 bpd renewable fuel plant in Southern Ontario, Canada.

ExxonMobil begins design studies for South East Australia carbon capture hub in the Gippsland Basin.

Technip Energies and Alterra Energy have signed an agreement to jointly develop sustainable plastics projects.

The consortium is leading the way towards sustainable cement production and passenger flying using green hydrogen.

TotalEnergies and ENEOS Corp. will conduct a feasibility study to assess the production of sustainable aviation fuel (SAF) at the ENEOS Negishi Refinery in Japan.

LyondellBasell has announced the publication of its 2021 sustainability report, which details the company's ambitions to help end plastic waste in the environment, and address climate change.

Veolia is set to launch one of the world's largest biorefinery projects in Finland, which will produce CO2-neutral biomethanol from a pulp mill.

Hydrogen, LNG, and ESG could be the defining themes in the oil and gas sector in the coming decade, according to GlobalData.

Cyclyx International, a consortium-based supply chain innovation company with a mission to increase the recycling rate of plastic, has announced that NOVA Chemicals has joined as the newest member.