The environment

Eni and the Republic of Benin have signed a cooperation agreement to develop joint initiatives on the agro-industrial chain, for biorefining use.

Australia’s oil and gas industry has stated that the proposed Western Australia legislation will increase decarbonisation opportunities within the sector, and across the wider economy.

The European Commission has proposed an outline of a plan to make Europe independent from Russian fossil fuels well before 2030, which includes the increased incorporation of sustainable energy.

Across Indonesia, the companies have agreed to develop the green hydrogen and ammonia value chain, as well as carbon capture utilisation and storage (CCUS) businesses.

Yousef A. Al-Benyan, Vice Chairman and CEO of SABIC, and Chairman of the Gulf Petrochemicals and Chemicals Association, has stated that the GCC chemical industry must refocus on meeting decarbonisation and circularity goals.

The aim of the agreement is to implement carbon capture facilities based on technologies developed and consolidated by Axens.

Plastic Energy and Axens are partnering with Qenos in the planning of a major circular plastics manufacturing capability in Australia.

ExxonMobil is planning a hydrogen production plant and one of the world’s largest CCS projects at its integrated refining and petrochemical site at Baytown, Texas, US.

Phillips 66 intends to reduce the greenhouse gas emissions intensity from its operations by 50%.

The company has made a Final Investment Decision to expand carbon capture and storage at its LaBarge facility in Wyoming, US. The expansion project will capture up to 1.2 million t of CO2.

Wood Mackenzie analyses the risks to commodities and corporate exposure, as well as the wider economic fallout of Russia’s invasion of Ukraine.

ExxonMobil has completed its first commercial sale of certified circular polymers, using its ExxtendTM technology for advanced recycling of plastic waste.

New research from DNV reveals that optimism is surging as the global energy industry fully-focuses on transition.

Bechtel, Enppi, Petrojet, GE, Baker Hughes, HSBC, and the National Bank of Egypt have signed an MoU to provide execution, technology and financing expertise to support the decarbonisation of select downstream facilities in Egypt.

The Circular Plastics Fund will invest in advanced recycling businesses which convert plastic waste back into virgin grade feedstock for the manufacturing of new products.