.March 26, 2024

EIA increases oil price forecast following OPEC+ production cut extension

The EIA now forecasts significantly less global oil production than world oil consumption through the first half of 2024, requiring draws on world petroleum stocks. Stock draws tend to increase oil prices. Read More

Uncovering hidden causes of poor plant railroad conditions

Railroads inside and outside of industrial facilities require regular maintenance to keep operations running efficiently. The critical item most don’t think about is the importance of proper drainage to divert water away from the subgrade. Read More

U.S. must speed permits to spur renewable energy growth, execs say

The call for faster permitting comes as renewable deployment is forecast to grow by as much as 17% to 42 gigawatts this year, representing about a quarter of electricity generation, consultancy Deloitte said in a report, citing U.S. government figures. Read More

DOE selects Technip Energies and LanzaTech to receive $200 million investment

If awarded, up to $200 million is expected to fund the design, engineering, construction, and equipment for a commercial-scale integrated technology unit in the U.S. leveraging Technip Energies’ substantial industry expertise, this integrated solution has significant replication potential for ethylene crackers worldwide. Read More

Dow launches bio-circular and circular propylene glycol solutions in North America

Suitable for a broad range of applications, customers can now offer their high-performance products with externally verified sustainability benefits thanks to a mass balance approach. The mass balance approach traces the flow of bio-circular and circular materials used to manufacture PG through complex value chains and attributes it based on verifiable bookkeeping; an approach that recently received ISCC PLUS certification in Freeport, Texas.

ExxonMobil and JERA to develop low carbon hydrogen and ammonia production project

ExxonMobil is currently developing what is expected to be the world’s largest low-carbon hydrogen production plant at its Baytown Complex east of Houston. Read More

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