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Nearly half of Brazil's LNG regasification capacity will be idle in the second half
Time of Update: 2021-08-28
This move will increase the regasification capacity by up to 7 million cubic meters per day, and may result in 750 megawatts of power generation from two power plants in the region without natural gas supply .
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LG Chem's net profit increased 3 times
Time of Update: 2021-08-28
LG Chem’s net profit in the second quarter increased from 419 billion won in the same period last year to 1.
The operating profit of LG Chem’s petrochemical business unit tripled in the second quarter from 431 billion won in the same period last year to 1.
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Oil giant hydrogen energy replacement struggling
Time of Update: 2021-08-27
. Consultants and oil company executives said that the current global transition to large-scale green hydrogen production is to collect and store the carbon produced by natural gas hydrogen production to reduce emissions, that is, to produce so-called blue hydrogen .
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DSM releases new emission reduction targets
Time of Update: 2021-08-27
Sinochem News recently, the Royal Dutch DSM Group announced that the company plans to reduce greenhouse gas emissions from operations to 50% of 2016 emissions by the end of 2030, further accelerating the realization on the basis of the original target of 30% Carbon reduction .
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Global low-carbon hydrogen production capacity will reach 14 million tons/year in 2030
Time of Update: 2021-08-27
According to World Energy News on August 10th, GlobalData, the world's leading data analysis company, said that the global carbon capture hydrogen production capacity of renewable energy or natural gas will increase by more than 20 times, reaching 14 million tons/year .
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Mori Kylin establishes a Spanish subsidiary
Time of Update: 2021-08-27
issued an announcement that in order to further promote the internationalization strategy, the company intends to use its own funds to establish overseas investment in Spain by its wholly-owned subsidiary Senkirin (Hong Kong) Trading Co.
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BASF increases electronic grade sulfuric acid production capacity in China
Time of Update: 2021-08-27
(Jiafu) to sign a further expansion of electronic grade sulfuric acid production capacity in Jiaxing, Zhejiang.
Electronic grade sulfuric acid is one of BASF's key technologies in serving the semiconductor industry .
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Ten Construction Company Undertook the Construction of Thai Petroleum Clean Oil Project-"Transplanting" Superior Technologies
Time of Update: 2021-08-27
In order to establish a reputation in the Thai market and gain a firm foothold, the Shijian project team brought the advantages of automated welding to Thailand and achieved mutual benefit and win-win results with local subcontractors.
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Iceland Power Company and H2V collaborate on green hydrogen and methanol projects
Time of Update: 2021-08-27
Sinochem News, according to World Natural Gas News on August 9, the Icelandic power company HS Orka and the UK-based joint venture Hydrogen Ventures Limited (H2V) revealed plans to develop a green methanol production plant that uses green hydrogen for the ocean The department provides impetus .
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Japan's demand for lubricants increased sharply in the first half of the year
Time of Update: 2021-08-27
Recently, the Ministry of Economy, Trade and Industry of Japan released data showing that in June this year, domestic lubricant consumption in Japan increased by 22% year-on-year to 141,900 kiloliters, compared with 116,200 kiloliters in the same period last year, which is much higher than that of June 2019.
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ADNOC sells the first batch of blue ammonia products
Time of Update: 2021-08-27
Recently, the UAE energy company-Abu Dhabi National Oil Company (ADNOC) sold the first batch of blue ammonia products to Japan's Itochu Corporation (Itochu), which will be used in fertilizer production .
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ADNOC will release new opportunities for blue ammonia in the refining and petrochemical fields
Time of Update: 2021-08-27
Sinochem News reported on August 10 that the Abu Dhabi National Oil Company (ADNOC) has cooperated with Fertiglobe to sell blue ammonia to Idemitsu Japan for use in its refining and petrochemical business .
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Cabot Jiangxi has been safe and accident-free for 14 years
Time of Update: 2021-08-27
The full support and hard work of the management and all employees for the safety cause has enabled Cabot Jiangxi Plant to maintain a safe and unrecordable accident for 14 years .
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Egypt and Israel discuss natural gas cooperation
Time of Update: 2021-08-27
” The statement quoted the Israeli Minister of Energy as saying: “ Egypt is an important partner of Israel in all fields.
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Styrene trade flow may change in the second half of the year
Time of Update: 2021-08-27
Recently, market participants said that due to the completion and commissioning of some new plants in China, and the production of devices that were interrupted earlier this year will also resume production, the supply of styrene in the Asian market may increase in the second half of the year .
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Large oil companies sold 198 billion U.S. dollars in assets in 5 years
Time of Update: 2021-08-27
According to a report by Bloomberg New Energy Finance (BNEF) on August 11, the world’s largest international oil company (IOC) sold more than US$198 billion in assets between 2015 and 2020, which is the fourth largest investment in clean energy technology.
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Abu Dhabi Petronas will store oil in Japan
Time of Update: 2021-08-27
Recently, Abu Dhabi National Petroleum Corporation and Japan signed a crude oil storage agreement .
Recently, Japan National Petroleum, Natural Gas and Metals Corporation and Saudi Aramco renewed the crude oil storage tank lease agreement .
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Henan gas butanediol exports to Spain
Time of Update: 2021-08-27
It is understood that in July last year, Henan Gas Group took "opening the international window" as a matter of supervision, and actively organized all members of the supply and marketing system to learn national policies, strengthen foreign trade skills, and strive for multi-party cooperation .
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Innovative carbon reduction technology is imminent
Time of Update: 2021-08-27
As the current development of carbon reduction technologies in the petrochemical industry can no longer keep up with actual needs, in the future, carbon reduction investment in the petrochemical industry must go a step further, even regardless of cost, in order to achieve the whole society’s efforts to control climate change within the framework of the petrochemical industry.
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Vietnam's petrochemical market is severely affected by the epidemic
Time of Update: 2021-08-27
In the PE pipe-level market, downstream PE pipe processors stated that they are faced with manpower constraints in operating factories, and blockade restrictions have also affected the progress of downstream pipeline projects .
