The environment

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.

Shell announced that it has become the first supplier of sustainable aviation fuel (SAF) to customers in Singapore.

TotalEnergies and Honeywell have announced a strategic agreement to promote the development of advanced plastic recycling.

The companies have formed a strategic partnership in order to research and develop lower carbon fuel facilities to help address plastic pollution and the global energy transition.

Baker Hughes recently signed a Memorandum of Understanding with the Egyptian General Petroleum Corp. that aims to establish a flare recovery initiative to support emissions recovery and reduction across Egypt’s upstream and downstream oil and gas operations.

Elliott Group has developed a new, configurable compressor arrangement designed to enhance operational flexibility in hydrogen applications.

Interest in low carbon hydrogen as a way to accelerate the energy transition is growing rapidly according to GlobalData.

The companies have executed an agreement for the evaluation and potential development of a permanent CO2 sequestration site located on Alabama’s Gulf Coast in the US.

Lummus Technology’s Green Circle business, along with Synthos S.A., has reached a milestone in the development of bio-butadiene technology for the production of sustainable rubber.