US EPA proposes to end mandatory greenhouse gas reporting
The U.S. Environmental Protection Agency (EPA) proposed a rule on Friday to end the mandatory reporting of greenhouse gas emissions by 8,000 facilities. This program, the EPA said, was burdensome for businesses but left…
Technip Energys purchases Ecovyst’s Advanced Materials & Catalysts for $556 Million
Technip Energies, a French energy infrastructure firm, announced on Thursday that it had reached an agreement to purchase the Advanced Materials & Catalysts division of U.S. chemicals group Ecovyst for $556m. The shares rose over 4% at first trading.
ExxonMobil is considering selling European chemical plants to FT, reports
The Financial Times reported that ExxonMobil was looking to sell its European chemical plants located in the UK, and Belgium, as the industry struggles with the impact of U.S. Tariffs and the competition from China. In recent weeks, the U.S.
VCI: German chemical industry runs at its lowest capacity for more than 30 Years
The German Chemical Industry Association said Wednesday that its capacity utilization in the second quarter was at its lowest level for more than 30 year as sales and prices fell due to uncertainty surrounding U.S. Tariffs.
German chemical lobby VCI reports quarterly sales and production decline amid tariff uncertainty
The German chemical industry association reported on Wednesday that the second-quarter production, sales and prices had declined, citing uncertainty regarding U.S. tariff policies. VCI said that pull-forward effects on…
The major South Korean petrochemical companies and their production
The South Korean government announced on Wednesday a plan for 10 petrochemical firms to restructure operations. This included a large reduction in their naphtha cracking capacity. According to the Korea Chemical Industry Association…
The major South Korean petrochemical companies and their production
Kim Jung-kwan, the Minister of Industry in South Korea, said that a plan will be announced this month for restructuring its ailing petrochemical industry. According to the Korea Chemical Industry Association, South Korea…
Air Products lowers its earnings forecast amid weak helium sales and LNG impact
Air Products reported a lower-than expected fourth-quarter profit and lowered its earnings expectations for the full year on Thursday as weak helium demands, project exits, and the impact from a previous LNG business sale continued weighing on volumes. U.S.
Shell's profits drop by almost a quarter but still easily exceed expectations
Shell's adjusted earnings for the second quarter, which is its definition of net profits, fell by almost a third Thursday. The drop in oil prices was to blame, but analysts still beat their forecasts. The oil giant said…
Eni CEO: Italy's Eni is considering increasing the share buyback.
Claudio Descalzi, the chief executive of Italian energy company Eni, said that if positive trends continue in the first half of this year then it is possible to increase their share buyback program later this year. A…
Repsol exceeds expectations in the second quarter despite a blackout.
Repsol, a Spanish energy company, announced on Thursday that its adjusted second-quarter profit exceeded expectations despite being hit by a massive power outage in April as well as other minor issues with the supply of electricity.
Shell reduces LNG production outlook and flags weaker trade
Shell has lowered its outlook for the second quarter for both its integrated gas division and liquefied gas production. It also guided for weaker results in trading, according to a quarterly report published on Monday before full results.
US lifts restrictions Enterprise Product's ethane exports to China
Enterprise Products Partners said that the U.S. cleared the way for them to resume ethane exports to China. The company also revoked a license restriction put in place only a few weeks ago, when the U.S. - China trade war shifted from tariffs to supply chain issues.
EU relaxes rules on state aid to promote green projects and reduce carbon footprint
The European Commission announced Wednesday that it would make it easier for businesses to receive state aids to support projects to reduce carbon emissions or to switch to "green" projects. Heavy industries will also…
EU relaxes rules on state aid to promote green projects and reduce carbon footprint
The European Commission announced Wednesday that it would make it easier for businesses to receive state aids to support projects to reduce carbon emissions or to switch to "green" projects. Heavy industries will also…
China doubles 2025 naphtha import quotas, sources say
Six trade sources reported that China issued a second set of import quotas for 2025, which nearly doubled the allocations last year, due to a rise in demand caused by disruptions of U.S. propane and ethane supplies, as well as new cracker startup companies.
South Africa's $5.8 billion Project Aims to Produce Low-Cast Green Ammonia
A $5.8 billion project on South Africa's east coast seeks to use the country's infrastructure and cheap renewable power to make some of the world's cheapest green ammonia for clients in Europe and Asia, an executive said.South Africa is vying with other African nations,
South Africa's Hive project, worth $5.8 billion, aims to be the leader in low-cost ammonia production
An executive revealed that a $5.8 billion South African project located on the east coast aims to use cheap renewable energy and the country's infrastructure to produce some of the cheapest green ammonia in the world for clients from Europe and Asia.
Glencore has halted certain cobalt exports due to the Congo export ban
Three sources familiar with the situation said that Glencore declared force majore on certain deliveries of cobalt from the Democratic Republic of Congo, days after the government had suspended exports of battery material.
Glencore has halted certain cobalt exports due to the Congo export ban
Three sources familiar with the situation said that Glencore declared force majore on certain deliveries of cobalt from the Democratic Republic of Congo, days after the government had suspended exports of battery material.