Middle East & Africa

LONDON (ICIS)–Oman energy major OQ has set up a joint venture for the construction of a 25GW green fuels project that will also produce green ammonia, it said on Tuesday. Using solar and wind…   Source: https://www.icis.com/rss/publicrss/?free=true&region=middle%20east

BARCELONA and LONDON (ICIS)–Rising chemical prices around the world may be helping to stoke inflation in downstream industrial production and consumer goods. Since the pandemic hit in early 2020, a…   Source: https://www.icis.com/rss/publicrss/?free=true&region=middle%20east

LONDON (ICIS)–The International Energy Agency (IEA) on Wednesday cut its global crude oil demand growth expectations for 2021 because of the coronavirus crisis in India, while refinery output is…   Source: https://www.icis.com/rss/publicrss/?free=true&region=middle%20east

LONDON (ICIS)–The ICIS Petrochemical Index (IPEX) extended gains slightly in April, rising 1.8% for the month, tracking price increases seen across most of the major petrochemical and plastics…   Source: https://www.icis.com/rss/publicrss/?free=true&region=middle%20east

LONDON (ICIS)–Renewables are expected to account for 90% of total global capacity increases in both 2021 and 2022, according the International Energy Agency (IEA)’s report published on Tuesday. An…   Source: https://www.icis.com/rss/publicrss/?free=true&region=middle%20east

BARCELONA (ICIS)–While chemical distributors have been able to thrive, despite chaotic supply/demand conditions, they must now plan for long-term trends such as digitalisation and sustainability….   Source: https://www.icis.com/rss/publicrss/?free=true&region=middle%20east

SINGAPORE (ICIS)–Asia is a key player in the global butadiene (BD) market, accounting for more than 62% of global consumption. It is also the world’s largest BD producer, churning out nearly 59%…   Source: https://www.icis.com/rss/publicrss/?free=true&region=middle%20east

LONDON and NEW YORK (ICIS)–ICIS Chemical Business magazine is pleased to announce the 12th annual ICIS Top 100 Chemical Distributors listing. Topping the global charts is Germany-based Brenntag with…   Source: https://www.icis.com/rss/publicrss/?free=true&region=middle%20east

BARCELONA (ICIS)–As supply improves in Asia and the US and panic buying eases in some European markets, new ideas are needed to ensure supply chains will be more robust in the future. Change of…   Source: https://www.icis.com/rss/publicrss/?free=true&region=middle%20east

SINGAPORE (ICIS)–Energy giant Saudi Aramco on Tuesday said that its net profit rose by 30% year on year to riyal (SR) 81.4bn in the first quarter, primarily driven by a stronger oil market. Saudi…   Source: https://www.icis.com/rss/publicrss/?free=true&region=middle%20east