energy

Dow Canada seeks partners, subsidies in second half 2023 as it readies $10-billion expansion FID

Aug 7, 2023

Dow, the biggest U.S.-based petrochemical company, plans to clinch enough accords and incentives for its Canadian operations during the second half of 2023 to help support a decision on whether to start in 2024 a six-year construction of an expanded ethylene-...

ExxonMobil´s $5-billion Denbury purchase to speed up carbon capture and build ammonia business; company explores leveraging its upstream knowledge to enter lithium business

Aug 6, 2023

ExxonMobil will complete the Baytown chemical plant expansion, announced four years ago at a $2-billion projected cost, before the end of 2023 while the $5-billion purchase announced on July 13 of carbon capture and storage provider Denbury, that includes the...

Brazil state oil Petrobras says petrochemicals “strategic” in 2024-2028 plan as Braskem on sale

Jun 20, 2023

Petrobras said it may invest in chemicals in an announcement that coincided with reports on the coming sale of what is not just Brazil and Latin America´s biggest petrochemical company but also North America´s biggest polypropylene producer, Braskem, where...

2023 LNG market disappoints bullish expectations, big supply increase anticipated by 2027

Jun 19, 2023

LNG prices that peaked in 2022 with the monthly average for the Asian marker at over $54 per MM Btu in August, and had then declined to $30.72 per MM Btu in December 2022, have now dropped to under $10 per MM Btu on average in May 2023 in a plunge that defied...

U.S. refiners fear a California planned ban on gasoline, diesel vehicles to start in 2035 may spread to 20 states

Jun 6, 2023

The association of American Fuel & Petrochemical Manufacturers (AFPM) issued on May 24 a statement to show concern that as many as 20 states within the United States may follow California and enact their own bans on gasoline and diesel vehicles starting...

Bolivia’s auto producer Quantum to open in 2023 Mexican plant and aims to offer Mexican-made EVs for about $7,500

Feb 21, 2023

A company named Quantum that has already made and shipped electric vehicles including tricycles, motorcyles and automobiles within Latin America from its home base in Cochabamba, Bolivia, plans to open a plant in Mexico before the end of 2023, the company’s...

Environmental groups to sue Shell; Peru LPG Society consultant, Talara refinery manager take top energy roles in new Peru government; Orbia gets lithium technology; Texas plant certified to process pyrolysis oil

Feb 8, 2023

News Briefs

Global LNG supply seen rising under 4% in 2023 with buyers taking any available cargo

Dec 19, 2022

If there aren´t any unplanned outages during 2023, global LNG supply may increase under 4% next year compared with this year´s estimated levels, said Clark Williams-Derry, analyst at the Institute for Energy Economics and Financial Analysis

International chemical guild seeks binding accord on recycling; Lummus-owned, crude-to-chemicals technology to see first commercial use; Methane market seen doubling to $1.6 trillion within a decade

Dec 19, 2022

News Briefs

Guyana makes clarification in tender for construction of 30,000-bpd refinery; Monterrey-based Alpek confirms resumption of construction of PTA-PET site in Texas; Mexico City-based Orbia, Solvay to invest $850 million in U.S. to supply PVDF to EV producers

Nov 9, 2022

News Briefs

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