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...It said it planned to buy a 10 per cent stake in the $15bn refiner Hengli Petrochemical, one of China’s leading producer of chemicals for plastics....
...To stimulate its economy, China is investing in advanced manufacturing, especially in solar energy, electric vehicles and batteries....
...The $10bn Jeff Bezos backed fund is also a major sponsor of a carbon credit scheme unveiled by then US climate envoy John Kerry at the UN climate summit COP27, known as the Energy Transition Accelerator....
...BASF has announced an additional €1bn of cost-cutting at its home site in Ludwigshafen, intensifying a planned downsizing in Germany amid sinking demand and higher energy prices....
...At one point in mid-December, Adnoc and OMV, an energy and chemicals group, had been less than 24 hours away from announcing a deal, even having practice runs of analyst presentations to unveil the agreement...
...Onvector, a water treatment company, uses plasma technology where high-energy electrons obliterate the chemicals. Researchers have also joined the cause....
...Exxon produced 11.2mn metric tonnes of polyethylene last year and operates a chemical recycling plant for plastic in Baytown, Texas....
...BASF has reported a bigger than expected slump in sales and profits after the world’s biggest chemical maker struggled with high energy prices and a slowdown in global demand last year....
...Germany’s Faustian pact over cheap Russian energy has collapsed. Costs initially soared across the country’s industrial sector last year....
...However, both groups indicated similar decreases in their preferences towards ready to drink coffee and energy drinks....
...Claims that researchers at Google Deep Mind and elsewhere had created new chemical compounds using artificial intelligence appear to be overblown, writes Anjana Ahuja....
...On top of that, bricks and rocks are cheap — costing perhaps 15-20€/MWh compared with electro-chemical batteries at €150/MWh — and lose very little energy in the process....
...Take the spread of per-and polyfluoroalkyl substances, better known as PFAS or forever chemicals....
...on gas, which it uses both as an energy source and a raw material for its products....
...The capital expenditure also includes investment in sectors such as chemicals and clean energy, as it seeks to diversify its business as the world moves away from fossil fuels....
...Big share price moves in Europe today include UK vet chain CVS, Swiss energy group BKW, UK housebuilder Persimmon and German speciality chemical manufacturer Wacker Chemie....
...pushed energy prices up to record highs, said Marco Mensink, director-general of the European chemical industry body Cefic....
...While its alkaline electrolyser technology is new, it is rooted in the older, chlor-alkali chemical process, which still makes up almost 40 per cent of revenues....
...New processes package several chips together in a densely interconnected three-dimensional format, enabling faster and more energy-efficient semiconductors....
...This week, the Environmental Protection Agency issued rules setting a limit on toxic pollution from chemical plants and stripping cancer-causing chemicals from tap water....
...BASF has announced an additional €1bn of cost cutting at its home site in Ludwigshafen, intensifying a planned downsizing in Germany due to low demand and “structurally” higher energy prices....
...Mackenzie had previously predicted that European refineries would need to rationalise in 2024-25 but the consultancy has been “forced to change that view”, said Alan Gelder, vice-president for refining, chemicals...
...Refining helps produce industrial chemicals as well....
...Swedish steelmaker SSAB is among the European winners of a series of US government investments in an $6bn effort to decarbonise manufacturing, across high polluting sectors such as steel, cement, chemicals...
...UK energy prices: The electricity and gas regulator Ofgem will update its household energy price cap on Friday....
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