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LNG
China's Guangdong Starts Building $1 bln Huizhou Gas Terminal
ExxonMobil entered in September 2018 a preliminary deal with Guangdong province to invest billions of dollars worth of projects in the manufacturing hub, includ…
Electric Vehicle Battery
BASF, Porsche Partner on Battery Development
German chemicals producer BASF and Cellforce Group, a joint venture between Porsche and Custom Cells, have agreed to develop high-performance battery cells for …
Oil Refinery
Iraq Signs Al Faw Refinery Deal with China's CNCEC
Iraq has decided to award a long-awaited contract to build a new 300,000 b/d integrated refining and petrochemicals complex on the southern Al Faw peninsula to …
Hydrogen Fuel Stations
Lotte Chemical to Invest ₩4.4 trillion in Hydrogen by 2030; Releases New Hydrogen Roadmap
South Korean-based Lotte Chemical has unveiled its 2030 hydrogen growth roadmap which outlines the company’s intentions in accelerating hydrogen adoption and a…
CCS
Sinopec Launches China's First Megaton CCUS Project
China Petroleum & Chemical Corporation announced on July 5 that it will start the construction of China's first megaton carbon capture, utilization and storage …
Crude Oil
PetroVietnam & Kuwait Petroleum International Sign Agreement
Kuwait Petroleum International and PetroVietnam signed a cooperation agreement that aims at re-focusing their refining and petrochemicals strategies.
Nuclear Power Plant
Polish Industrial Firms Team up for Small Reactor Deployment
Polish chemicals group Synthos and petrochemical firm PKN Orlen have agreed to cooperate on micro modular reactors and small modular reactors.
Crude Oil
Libya’s May Oil Revenues up to Record Levels Due to Increased Demand and Prices
The NOC announced yesterday that its net revenues during May 2021 from the sales of crude oil, gas, condensates, oil products and petrochemicals amounted to rec…
Hydrogen Project
Hyosung Group and Linde Korea Start to Build Liquefied Hydrogen Plant in Ulsan
Hyosung Heavy Industries and Linde Korea held a groundbreaking ceremony for a liquefied hydrogen plant at Hyosung Chemical’s Yongyeon Plant in Ulsan on June 21…
Nuclear Reactor
Rosatom Starts Construction of Unique Power Unit with BREST-OD-300 fast Neutron Reactor
The construction of a 300 MW nuclear power unit enabled with the innovative BREST-OD-300 lead-cooled fast reactor has begun at the site of the Siberian Chemical…
Nuclear Fuel
Rosatom has Launched Facility for REMIX-Fuel Fabrication
The Siberian Chemical Combine (an enterprise of TVEL Fuel Company of Rosatom in Seversk, Tomsk Region) has launched an experimental shop-floor for fabrication o…
Oil Price
New Iran Nuclear Deal May Completely Derail Oil Price Rally
The U.S. has agreed to a tentative removal of key sanctions in the oil, gas, petrochemicals and automotive sectors, plus some of those on Iran’s banking sector…
Energy Storage Battery
Hybrid Redox-Flow Battery with a Long Cycle Life
Redox‑flow batteries store electrical energy in chemical compounds that are dissolved in an electrolyte.
Oil Refinery
Oil Refiners to Begin Olefin Business in 2nd Half of 2021
GS Caltex and Hyundai Oilbank will start operating their olefin facilities in the second half of 2021, signaling a big change in the petrochemical industry.
Energy Storage System
Ukraine’s First Grid-Scale Battery Energy Storage System Comes Online
The first pilot deployment of a large-scale electrochemical energy storage system has been completed in the Ukraine, less than a year after system supply contra…
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