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China Petroleum & Chemical Corp. (Sinopec) and Saudi Arabian Oil Co. (Aramco) are partnering on a project to integrate petrochemical operations into jointly owned Yanbu Aramco Sinopec Refining Co. Ltd.’s (Yasref) 430,000-b/d refinery along the Red Sea in Saudi Arabia’s Yanbu Industrial City. On Apr. 8, the partners signed a venture framework agreement to advance the Yanbu refinery expansion project (Yasref+), which aims to enhance integrated refining and petrochemical synergies at the site to help competitively meet growing global market demand for high-end petrochemical products, Aramco and Sinopec said in separate Apr. 9-10 releases. The proposed Yasref+ project would include…
Fincantieri and Viking announced today the first cruise ship in the world to be powered by hydrogen stored onboard for both propulsion and onboard electricity generation, the “Viking Libra”. The vessel is currently under construction at the Fincantieri Ancona shipyard, with delivery scheduled for late 2026. With a gross tonnage of approximately 54,300 tons and a length of 239 meters, the “Viking Libra”, will accommodate up to 998 guests in 499 staterooms. Designed with sustainability in mind, the ship will be capable of navigating and operating with zero emissions, allowing it to access even the most environmentally sensitive areas. This…
In a stunning pivot, President Trump’s decision to pause reciprocal tariffs on most nations—while slamming China with a 125% levy—appears less a calculated masterstroke and more a frantic response to trembling financial markets.Clay Lowery, a former Treasury heavyweight now at the Institute of International Finance, revealed the move was sparked by a panicked exodus of investors from stocks and Treasuries.The 10-year Treasury yield’s alarming spike, he noted, sent shockwaves through the White House, Treasury, and Commerce Department, signaling a potential financial cliff.“They weren’t aiming for a crisis,” Lowery quipped, “but the writing was on the wall.”Trump himself admitted the jitters…
ADVERTISEMENTA pivot from fossil fuels to clean energy by 2060 would improve energy security and reduce trade risks for most nations, according to a new study.Lithium, nickel, cobalt, copper, and rare earth minerals are among the prized materials for countries and corporations racing to secure supplies for zero-emission energy systems. Unlike fossil fuels, natural reserves of these materials are most concentrated in the Global South. The rush to procure these key resources could mean a shuffling of the geopolitics of energy and global trade, according to the research published in the journal Nature Climate Change.”Most people are focused on the…
Southern Nuclear recently loaded a new higher enriched nuclear fuel into a commercial reactor for irradiation testing. This is the first time fuel enriched above 5 percent will be irradiated in a U.S. commercial reactor. The higher enrichment levels allow the fuel to last longer and operate at increased power levels — potentially leading to additional reliable power production at nuclear power plants across the country. The advanced fuel was developed through the U.S. Department of Energy (DOE) Accident Tolerant Fuel Program to help improve fuel cycle safety and lower operational costs. Preparing for Testing Southern Nuclear recently loaded four lead test assemblies containing Westinghouse…
The U.S. shale industry is being hit by the crash in oil prices, which have slumped since President Donald Trump’s tariff announcement last week.Despite the strong relief rally on Wednesday, following President Trump’s 90-day pause of tariff hikes on most countries except China, the U.S. benchmark oil price is now lower than the breakeven for the shale industry to profitably drill a new well.WTI Crude prices were down nearly 1% at $61.76 per barrel in Asian trading on Thursday. That level is already below the average $65 per barrel price U.S. producers need to profitably drill a new well, as they indicated…
A 25km pipeline connecting a 30MW green hydrogen plant to the TotalEnergies refinery in Leuna, Germany, has been commissioned for hydrogen transport following its conversion from natural gas use. Part of the Bad Lauchstädt Energy Park near Leipzig, the pipeline will deliver up to 2,700 tonnes of green hydrogen per year to the Leuna refinery once the facility comes online at the end of 2025. The hydrogen will be produced using Sunfire alkaline electrolysers, powered by an on-site wind farm. The project – which is being undertaken by Uniper, Terrawatt, Ontras and VNG – reached a €210m final investment decision…
Paccurate News & Resources Page 1 of 2 pages. Kardex and Paccurate partner on intelligent cartonization March 12, 2025 The collaboration brings together Kardex’s expertise in warehouse automation with Paccurate’s advanced packaging optimization technology to reduce shipping costs, minimize material waste, and improve overall fulfillment efficiency. Optimizing Carton Sizes for KAO Brands November 20, 2024 By implementing Paccurate’s cartonization solution, BDC identified significant cost savings for KAO from both a transportation and materials perspective. Download this success story to learn more. Source link
Nearly 60 countries have drastically scaled back their plans for building coal-fired power plants since the Paris Agreement in 2015, according to figures released by Global Energy Monitor (GEM). Among those making cuts of 98% or more to their coal-power pipeline are some of the world’s biggest coal users, including Turkey, Vietnam and Japan. The data also shows that 35 nations eliminated coal from their plans entirely over the past decade, including South Korea and Germany. Global coal-fired electricity generation has increased since 2015 as more power plants have come online. But the data on plants in “pre-construction” phases in…
Global power-sector emissions hit an “all-time high” in 2024, despite solar and wind power continuing to grow at record speed, according to analysis from thinktank Ember. Emissions from the sector increased by 1.6% year-on-year, to reach a record high of 14.6bn tonnes of carbon dioxide (tCO2). This increase was predominantly due to a 4% growth in electricity demand worldwide, leading coal generation to increase by 1.4% and gas by 1.6%. Embers’ analysis finds that the increase in fossil-fuel generation was, in particular, due to hotter temperatures in 2024, which drove up electricity demand in key regions such as India. Clean…