October 2024

Catch up with 6 stories BIC subscribers clicked on the most this month!

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ADNOC to buy Covestro for $16B

Abu Dhabi's ADNOC has struck a deal to buy German chemicals maker Covestro for $16.3 billion, including debt, in the energy giant's biggest ever acquisition.

DOE announces $861M loan for construction of two solar farms

The Department of Energy, through its Loan Programs Office, announced a $861.3 million loan guarantee to finance the construction of two solar photovoltaic farms equipped with battery storage and two standalone battery energy storage systems in Puerto Rico.

Phillips 66 provides notice of its plan to cease operations at Los Angeles-area refinery

Phillips 66 announced plans to cease operations at its Los Angeles-area refinery in the fourth quarter of 2025 and will work with the state of California to supply fuel markets and meet ongoing consumer demand.

Gas leak at Pemex oil refinery near Houston far exceeded legal limit

Pemex's Deer Park oil refinery near Houston discharged 43,500 pounds of highly toxic hydrogen sulfide gas over more than seven hours in a deadly incident earlier this week, according to the Mexican state-owned company's disclosure to a Texas regulator.

VIDEO: Innovation, safety & community impact with Chevron Phillips Chemical

Jeremy Osterberger, president of BIC Alliance, joins Carrie Phillips, plant manager at Chevron Phillips Chemical’s Orange Plant for a conversation.

Global refinery margins fall to multiyear seasonal lows in September

Refinery margins for petroleum refiners across the world are shrinking, indicating reduced profitability from refining crude oil and selling petroleum products.

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