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NextChem has completed construction of a demonstration plant in Italy for the chemical recycling of PET and polyester from textiles, as part of the EU's DEMETO project.
Around 110 000 tpy of fossil-based ingredients will be substituted with renewable carbon sources using BASF’s certified biomass balance approach. The measure will ramp up quickly and avoid around 200 000 t of CO2 emissions in total.
The EU Fund announced a grant decision of €88 million to Neste’s clean hydrogen project in Porvoo, Finland.
The agreement, which was signed in October 2021, has now been approved by regulatory authorities.
Neste is conducting a feasibility study to examine investing in capacity for processing liquefied waste plastic at its refinery in Porvoo, Finland, where the company are working on commercialising the chemical recycling of waste plastic.
The three companies have signed an MoU for the exploration of potential petrochemical growth or expansion projects in Central and Eastern Europe.
Maire Tecnimont’s subsidiary, Tecnimont S.p.A. has been awarded the contract by Covestro.
The company has taken on the BOG management services at an LNG storage facility located in Ravenna, Italy.
European gas storage has been struggling to fill this summer, with Wood Mackenzie predicting storage at the beginning of November to be about 75% full, at 83 billion m³, 14 billion m³ below the five-year average.
Maire Tecnimont S.p.A. has signed an agreement of intent with Rosneft for the implementation of a project related to the construction of the VGO Hydrocracking Complex at at Ryazan Refining Co.’s (RORC) production site.
Petrofac has been awarded an engineering, procurement and construction contract valued at approximately €550 million from PC ORLEN Lietuva at its Mažeikiai Refinery in North-West Lithuania.
Eni has launched the production of alternative sustainable aviation fuel (SAF) that aims to significantly contribute to the decarbonisation of aviation in the short to medium term.