July 05, 2020
Malaysia’s state-owned oil and gas company PETRONAS, through its corporate venture capital arm, PETRONAS Ventures, recently inked an agreement with SOLS Energy Sdn Bhd to invest in the solar photovoltaic (PV) system start-up that provides sustainable energy for residential and small-to-medium enterprise (SME) sectors in Malaysia. This is PETRONAS’ second venture capital investment initiative which […]
Clariant and Duslo’s research institute VUCHT are transforming plastic waste into high-quality winter diesel that meets Euro 6 fuel emission standards. Using a proprietary technique and Clariant’s HYDEX E next-generation hydro-dewaxing catalyst, VUCHT has successfully converted plastic waste into premium winter fuel distillate. The efficacy of this groundbreaking process has now been proven in a […]
Vietnam National Petroleum Group (Petrolimex) plans to sell 15 million treasury stocks to mobilise capital for investment and to boost liquidity, Petrolimex Chairman Pham Van Thanh announced during the company’s recent annual general meeting of shareholders. The meeting, initially scheduled for April but postponed due to Covid-19, was held virtually via videoconferencing on June 26. […]
“Europe will become climate neutral by 2050.” A bold statement by the European Commission. Most regions contribute far more carbon dioxide into the atmosphere than they can absorb. Yet, while many countries speak of their desire to achieve climate neutrality in the foreseeable future, Europe is already committing it to law. The European Union (EU) […]
By Dr. Raj Shah, Dr. Sal Rand, and Jacky Jiang The International Maritime Organization (IMO) has announced a changing of the tides, steering 2020 in a new direction, by implementing a regulation that limits the sulphur content of marine fuels from 3.5% to 0.5%, starting 1st January 2020. The only exemption from this industry-wide ban […]
The Alon Bakersfield Refinery, which dates back to 1932, has been sold to a subsidiary of Global Clean Energy Holdings, Inc. (OTC: GCEH), based in Torrance, California, U.S.A. The total cash consideration paid to Delek US Holdings, which owns Alon, was USD40 million. GCEH said the Alon Bakersfield Refinery will be repurposed to become a […]
Automotive greases play a critical role in reducing vehicle friction and wear, protecting against corrosion, preventing contamination, water ingress and leakage. As early as 1400 BC, the Hittites, who occupied the ancient region of Anatolia (also known as Asia Minor, modern-day Turkey), used a blend of animal fats and limestone to lubricate axles and minimise […]
By Dr. Mathias Woydt and Dr. Raj Shah The past century has seen countless innovations within the automotive industry making cars and trucks more reliable, powerful, comfortable, and less expensive. Despite all of these improvements to the design and manufacture of automobiles, average fuel economy has seemingly stagnated. Cars like the antiquated Ford Model T […]
