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Dow adds weight to a low-carbon future
Time of Update: 2021-11-03
These plans and projects include the construction of the world's first "net-zero carbon" emission integrated base for ethylene cracking and derivatives, eight renewable energy procurement agreements in cooperation with customers, and related investments to expand its global recycling plastic production capacity .
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Natural gas shortage pushes up oil demand from power plants
Time of Update: 2021-11-02
Recently, the International Energy Agency (IEA) stated that the soaring prices of natural gas and coal are forcing power generation companies and manufacturers to switch to oil, a move that may increase global oil demand by 500,000 barrels per day .
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IEA raises global oil demand this year and next
Time of Update: 2021-11-02
Recently, the Paris-based International Energy Agency (IEA) released an October oil market report, which raised global oil demand in 2021 and 2022 to an average of 96.
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Germany's energy transition is in pain
Time of Update: 2021-11-02
Under the general expectation that the prices of electricity and natural gas will continue to rise, Germany, as a pioneer in the energy transition, will face new challenges .
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Germany's natural gas imports fell year-on-year
Time of Update: 2021-11-02
Recently, according to the statistics released by the German Pakistan-French Trade Statistics Office, Germany's natural gas imports decreased by 0.
According to monthly data from Pakistan, in the first eight months of this year, Germany's natural gas imports were 3,458,434 terajoules (TJ), equivalent to 98.
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Eni launches sustainable aviation fuel
Time of Update: 2021-11-02
With the commissioning of Eni Biojet at the Gela Biorefinery in 2024, a further 150,000 tons of SAF will be introduced from 100% renewable raw materials, which will be able to meet the potential demand of the Italian market by 2025 .
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Rising costs "heavy" European petrochemical producers
Time of Update: 2021-11-02
Yara International Group, Europe’s largest fertilizer producer, said on September 17 that record-setting European natural gas prices are affecting the profitability of synthetic ammonia production.
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British Renewable Energy plans to build multiple green hydrogen plants
Time of Update: 2021-11-02
Recently, the renewable energy company Octopus Energy and RES announced a cooperation plan to invest 3 billion pounds to build a number of green hydrogen plants in the UK by 2030 .
Octopus Renewable Energy and RES plan to cooperate with large industrial companies with the goal of decarbonization .
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Several chemical companies plan to jointly establish low-carbon technology companies
Time of Update: 2021-11-02
It is reported that enterprises within LCET will jointly participate in the investment of the new company to promote the accelerated development and upgrade of technologies to reduce greenhouse gas emissions (GHG) in the chemical industry .
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Global fertilizer prices hit a 12-year high
Time of Update: 2021-11-02
In addition, due to rising energy costs in Europe and other regions and other factors, fertilizer prices have risen to a historical level that has never been seen in the market since the global financial crisis, setting a 12-year high .
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SIBUR and Kazakh Petroleum jointly promote the PP project
Time of Update: 2021-11-02
Sinochem News recently, Siber announced that it has reached agreement with Kazakhstan's state-owned oil and gas company KazMunay Gas and Kazakhstan's national sovereign wealth fund Samruk Kazyna on the core cooperation terms of the Atyrau petrochemical project in Kazakhstan .
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ETRMA: The third quarter of the European tire market was flat
Time of Update: 2021-11-02
55 million passenger car replacement tires were shipped in the third quarter, slightly higher than last year's 60.
5 million truck replacement tires were shipped, an increase of 2% compared to the 3.
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IEA: Petrochemicals will account for 55% of crude oil demand in 2050
Time of Update: 2021-11-02
Recently, the International Energy Agency (IEA) stated that by 2050, the electrification of transportation, industrial and residential heating will make the petrochemical industry a major consumer of crude oil, accounting for 55% of fossil fuel demand .
Among them, crude oil consumption in the petrochemical industry in the Middle East and India will increase substantially .
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Ceyhan will build a polypropylene plant in Turkey
Time of Update: 2021-11-02
R?nesans said that the planned construction of Turkey's largest private investment project in the history of the 450,000 tons / year polypropylene plant is planned to be put into operation in 2025, and will use Lyondell Basel's Spheripol process .
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Teijin increases production of carbon fiber prepreg
Time of Update: 2021-11-02
It is understood that aircraft manufacturers and aircraft engine suppliers in the United States and Europe use Renegade Materials' heat-resistant thermosetting prepregs, resins and adhesives .
Renegade uses low-toxic materials and heat-resistant prepregs to produce highly heat-resistant Resin Transfer Molding (RTM) resins and adhesives .
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Malaysia intends to increase the price of scrap rubber
Time of Update: 2021-11-02
Sinochem News reported on October 19 that Malaysia’s Minister of Rural Development, Seri Mahdzir Khalid, stated that the country intends to increase the reserve price of waste rubber from the current 2.
Mahdzir said that if no action is taken, small rubber farmers will switch to other crops with higher prices, especially oil palm .
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Lead and zinc oversupply narrowed sharply
Time of Update: 2021-11-02
Recently, the International Lead and Zinc Research Association (ILZSG) report showed that from January to July this year, global zinc supply was 8.
However, the extent of the oversupply of lead is also narrower than the 175,000 tons in the same period last year .
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U.S. lubricant base oil production fell
Time of Update: 2021-11-02
S. lubricant base oil production declined, slightly lower than the output in June, and even lower than before the outbreak of the new crown pneumonia epidemic.
S. lubricant base oil production was 4% and 2% higher than the 5-year average before the outbreak of the new crown pneumonia .
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South Korea’s 2050 carbon neutral roadmap released
Time of Update: 2021-11-02
The Presidential Council of South Korea adopted two final roadmaps for carbon neutrality, both of which call for the cessation of the use of coal for power generation in order to achieve the 2050 net zero emission target .
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Nippon Paint acquires French paint manufacturer Cromology for 1.15 billion euros
Time of Update: 2021-11-02
announced on October 20 that it will acquire French decorative paint manufacturer Cromology through a subsidiary .
Cromology is the fourth largest manufacturer of decorative coatings in Europe, with sales of 628 million euros in 2020 .
15 billion euros (approximately 1.
