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Climate change
Climate targets group under fire over Bezos-backed carbon offsets decision
...Banks, oil and gas majors and chemicals companies will all soon be able to submit their long-term net zero emissions targets for approval by the SBTi, under guidance the group plans to release in coming...
April 11, 2024
News in-depthChinese trade
Brazil launches China anti-dumping probes after imports soar
...To stimulate its economy, China is investing in advanced manufacturing, especially in solar energy, electric vehicles and batteries....
March 17, 2024
FT Live
Accelerating the Energy Transition in Asia
Industrial strategies and policy drivers for sustainability
Tuesday, 30 JulyMandala Club, 31 Bukit Pasoh Rd, Singapore 089845
BASF SE
BASF extends cost cuts by €1bn as demand for chemicals falls
...The group reported a 21 per cent drop in sales to €68.9bn and a 29 per cent fall in earnings before taxes, interest, depreciation and amortisation and special items, to €7.7bn....
February 23, 2024
BASF SE
BASF earnings fall on higher costs and slowing demand
...It comes after the group has suffered falling prices for its chemicals amid lower demand....
January 19, 2024
Oil & Gas industry
Ithaca Energy agrees £750mn deal for most of Eni’s UK oil and gasfields
...The sale to Ithaca — which is majority owned by Israel’s Delek Group — includes British assets that Eni took on with Neptune....
April 23, 2024
Abu Dhabi National Oil Co
Adnoc’s $30bn chemicals deal with Austria’s OMV stalls
...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...
February 23, 2024
FT Live
Energy Transition Summit
Delivering a stable and efficient clean energy system
Tuesday, 22 OctoberLondon, UK & Online
Climate change
Exxon leads industry fight against UN plans to limit plastic
...and other business groups....
April 22, 2024
Electric vehicles
IEA bullish on electric vehicle sales in 2024
...This shift will have major ramifications for both the auto industry and the energy sector.”...
April 23, 2024
Moral Money
Tesla share price surge highlights electric vehicle investors’ jitters Premium content
...Our energy team colleagues explain what’s behind the hold-up....
April 26, 2024
Food & Beverage
The water of taps in the age of chemical appetite deduction
...However, both groups indicated similar decreases in their preferences towards ready to drink coffee and energy drinks....
February 1, 2024
Abu Dhabi National Oil Co
UAE energy group Adnoc to lift spending on decarbonisation projects
...also held discussions with Austrian energy group OMV over a deal that could combine their chemical divisions....
January 22, 2024
Lex PopuliInvestments
If you like a company, should you buy its shares?
...As Lynch noted, you know more about things you use: an improved website or new gadget is more likely to be on your radar than, say, changing processes at a chemical plant....
April 19, 2024
Ithaca Energy Inc
Ithaca Energy in exclusive talks for Eni’s UK upstream assets
...Its former chief executive, Alan Bruce, left the group early this year....
March 27, 2024
News updates from March 12: US inflation rises to 3.2%; White House warns Israel against ‘smashing into Rafah’
Risers and fallers in Europe
...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....
March 12, 2024
BASF SE
BASF names China head Markus Kamieth as chief executive
...BASF has appointed Markus Kamieth to take over as CEO, an executive closely associated with the world’s largest chemical group’s expansion plans in China....
December 20, 2023
FT Live
Energy Transition Summit India
Delivering clean energy to capitalise on green opportunities
Tuesday, 8 OctoberNew Delhi, Delhi, India
John Gapper
Diamonds won’t be forever unless miners make them sparkle
...Since they have, as the US Federal Trade Commission puts it, “essentially the same optical, physical, and chemical properties as mined diamonds”, this figures....
April 26, 2024
Energy sector
Anything can be a PFASt-growing industry
...- SJW Group (SJW) has estimated that PFAS compliance will cost $170-190M over the next three to five years....
January 24, 2024
LexThyssenkrupp Nucera
Hydrogen is starting to navigate the hype cycle Premium content
...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....
February 14, 2024
EU energy
Europe’s refineries in demand as Ukraine war boosts oil margins
...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...
March 14, 2024
Climate change
Europe needs €800bn to meet 2030 climate targets, says industry
...pushed energy prices up to record highs, said Marco Mensink, director-general of the European chemical industry body Cefic....
April 9, 2024
Oil & Gas industry
Biden hits US oil drillers with first royalty increase in a century
...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....
April 12, 2024
Environment
Petrochemical glut makes new plastic cheaper than recycled
...In 2022 Europe manufactured 14 per cent of global plastics, falling from a 20 per cent share in 2012, according to trade group Plastics Europe....
January 15, 2024
Apple Inc
Apple accused by Congo over conflict minerals in iPhones
...This mineral-rich region is currently beset by fierce fighting between government forces and the M23 rebel group....
April 25, 2024
News updates from February 23: Nvidia market value briefly tops $2tn, Navalny’s mother refuses Russian ultimatum
BASF to cut costs by an extra €1bn on low demand
...The German group’s adjusted earnings before interest and tax nearly halved last year to €3.8bn, as demand slowed also in China — the world’s biggest market for chemicals....
February 23, 2024
Energy Source
Oil and gas executives expect slower transition to net zero Premium content
...The revision comes after the company pledged to devote a higher proportion of spending to oil and gas last year, and other oil groups such as BP have slowed their retreat from oil....
March 14, 2024

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