Because of these supply issues, Shell had to seek cargoes in a very tight market with fast rising prices for LNG, or methane cryogenically processed to reduce its size about 600 times for easier shipping. Yet Shell traders earned some “upside” even with the 2021 market conditions, she said, according to a transcript of the
Read More...“We are looking to build upon the concept that plastics are an essential part of the economy,” said by email on Oct. 24 Tom Sanzillo, researcher with The Institute for Energy Economics and Financial Analysis and co-author of an Oct.2021 report on plastic pricing published with researcher colleague Suzanne Mattei. “We are thinking, obviously at
Read More...In the UK, the Competition Market Authority has raised concerns about certain commodity assessments and will complete by Nov. 2, 2021 a Phase 1 evaluation of the merger announced in Nov. 2020. S&P Global and IHS Markit have discussed with the UK’s Competition Market Authority “the divestiture of IHS Markit’s base chemicals business (comprising the
Read More...Film and sheet maker Sigma Plastics Group is buying the institutional can liner business of JR Plastics Corp. in Ocala, Fla., a move that JR said will let it focus on its plastic decking business. In an Oct. 13 announcement, Sigma did not disclose terms of the deal but said its IsoFlex Packaging division is
Read More...climate change Kevin MooneyThe Commonwealth Foundation … . [Editor’s Note: Kevin Mooney suggests climate change capitulation seems to be the current policy of oil and gas majors and is completely self-defeating; a dead-end policy that will achieve zilch.] ExxonMobil has not backed away from its commitment to carbon taxes contrary to what media reports built
Read More...Arburg GmbH and Co. KG is introducing a new multi-component injection molding machine series with larger mold dimensions and ejector strokes and greater distances between the tie bars for producing plastic parts made from different materials and colors. The Allrounder More press — named to reflect that it does more — has two injection units
Read More...Lossburg, Germany-based Arburg GmbH & Co. KG is in a growth mode, not only physically with expansions and acquisitions but in terms of sales returning to levels of past years. The company now has more than 3,300 employees worldwide, which is about 200 more than a year ago, and sales are trending upward. “We are
Read More...With three business units represented at Fakuma 2021, the Extrusioneers at Reifenhäuser Group have brought a sizable presence to the show in Friedrichshafen. Chief Sales Officer Ulrich Reifenhäuser of the Reifenhäuser Group was asked about returning to in-person shows after an almost two-year hiatus and talked a little about the effects in general of the
Read More...Thermoforming research at the IKT plastics technology institute at Stuttgart University is putting the emphasis on upcycling of used material. An “UpFilT” project, developed with 3D printing filaments from thermoforming scrap material, could allow processors to use material in higher-value products. Researchers use the UpFilT filaments to 3D print additional features such as reinforcement ribs
Read More...Ascend Performance Materials is looking to meet customer needs while expanding its global footprint. “Every region now has compounding assets to support the business,” Isaac Khalil, nylons vice president, said Oct. 12 at Fakuma 2021. “We have a global footprint but are locally supplied and locally sourced.” Houston-based Ascend — the world’s largest integrated nylon
Read More...As the world moves faster toward renewables, the energy industry faces a great deal of uncertainty in how to finance the transition while still generating revenue. However, the task is not as financially infeasible as many seem to think. In the webinar “Financing the Energy Transition” hosted by DNV, several guest speakers discussed what financial
Read More...Occidental Petroleum Corp. has agreed to sell its interests in two Ghana offshore fields for $750 million to Kosmos Energy and Ghana National Petroleum Corp., the oil and gas producer said on Oct. 13, as it looks to cut the debt it took on with its purchase of Anadarko Petroleum. The deal includes Occidental’s interests in both the
Read More...Chevron, like its oil supermajor rivals, has been under intense scrutiny to show shareholders how it plans to profitably navigate the global shift to cleaner fuels. Derek Brower, Justin Jacobs and Amanda Chu, Financial Times Wed, 10/13/2021 – 03:00 PM This post appeared first on Hart Energy.
Read More...ABB has launched its cloud-based data analytics solution Ability Genix Datalyzer on Oct. 13 for fleet-wide management and optimization of emissions monitoring equipment in highly regulated industries like cement, steel, chemicals and power generation. The new solution pre-empts plant failure and helps achieve emissions compliance, improving plant uptime and process safety. Increased governmental and societal focus on emissions mean that industry is under ever greater pressure to increase
Read More...Houston-based Piñon Midstream LLC has placed into service its Dark Horse sour natural gas treating and carbon capture facility and its associated pipelines, compressor stations and acid gas sequestration infrastructure with the initial capacity fully subscribed. The facility is operating near its initial treating capacity of approximately 85 MMcf/d of sour natural gas, Piñon said Oct. 12. Located
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