More News and Commentary

Sinopec plans $4.6 billion in hydrogen spending by 2025

Reuters: China’s Sinopec Corp plans to spend 30 billion yuan ($4.6 billion) on hydrogen energy by 2025 as the state oil and gas major pivots to producing natural gas and hydrogen as part of becoming a carbon-neutral energy provider by 2050. Asia’s biggest oil refiner said on Monday it plans to become China’s largest company […]

August 30, 2021 Read More →

PTTGC Ohio complex remains on indefinite hold, awaiting new partner

S&P Global Platts ($): PTTGC America’s final investment decision on a new petrochemical complex in southeast Ohio remains on indefinite hold until the company secures a new partner in the project, the company said in an email Aug. 25. “PTTGCA is currently focused on securing a partner for the project,” the email said. “Once there […]

August 26, 2021 Read More →
IEEFA U.S.:  Army Corps of Engineers requires full environmental review for Formosa petrochemical project in Louisiana

IEEFA U.S.: Army Corps of Engineers requires full environmental review for Formosa petrochemical project in Louisiana

Decision made as heavily polluted Louisiana community continues to battle Formosa

A massive petrochemical complex proposed for an already heavily polluted community in Louisiana must undergo a thorough and public environmental analysis.  The Army Corps of Engineers has reversed its earlier position and issued an Aug. 18 memorandum directing officials to prepare a full environmental impact statement (EIS) to assess the potential environmental impacts of the […]

August 18, 2021 Read More →

Kenya launches nationwide crackdown on single-use plastic bags

Nation: The National Environment Management Authority (Nema) will next week start a major crackdown on single-use plastic bags across the country. This comes after the authority expressed concern that some traders are still sneaking the commodity into the country despite its ban in 2017. Nema Director-General Mamo Boru said the war on the single-use plastic […]

August 2, 2021 Read More →

Scientists: Binding global treaty needed to ban virgin plastic by 2040

The Guardian: A binding global treaty is needed to phase out the production of “virgin” or new plastic by 2040, scientists have said. The solution to the blight of plastic pollution in the oceans and on land would be a worldwide agreement on limits and controls, they say in a special report in the journal […]

July 6, 2021 Read More →

Sinopec launches construction of largest carbon capture plant in China

Reuters: China Petrochemical Corp, or Sinopec, said on Monday it started building a carbon capture, utilisation and storage (CCUS) project in east China, the largest of its kind in the country, as part of the refiner’s goal to be carbon-neutral by 2050. The Asian company has been planning to cap its carbon emissions at peak […]

July 6, 2021 Read More →

India’s Reliance lays out plans to invest $10B in clean energy

Reuters: Reliance Industries (RELI.NS), operator of the world’s biggest refining complex at Jamnagar in western India, will invest $10.1 billion in clean energy over three years in a pursuit to become a net carbon zero company by 2035. Reliance’s plan mirrors strategies of global oil majors such as Royal Dutch Shell Plc (RDSa.L) and BP […]

June 24, 2021 Read More →

Carmichael plans India plastics plant supplied by Australian coal

The Guardian: The owners of the controversial Carmichael mine in Queensland want to build a US$4bn plant in India that would use Australian coal to make plastic. Adani Enterprises, which owns the Carmichael coalmine, said in submissions to Indian authorities the plant will use 3.1m tonnes of coal a year at the plant to make […]

June 17, 2021 Read More →

Black day for Big Oil as courts, investors hand losses to Exxon and Shell

Wall Street Journal ($): Exxon Mobil Corp. and Royal Dutch Shell suffered significant defeats Wednesday as environmental groups and activist investors step up pressure on the oil industry to address concerns about climate change. In a first-of-its-kind ruling, a Dutch court found that Shell is partially responsible for climate change, and ordered the company to […]

May 27, 2021 Read More →

Activist investors hand historic defeat to ExxonMobil in proxy battle

Wall Street Journal ($): An activist investor won at least two seats on the board of Exxon Mobil Corp. XOM +0.65% , a historic defeat for the oil giant that will likely force it to alter its fossil-fuel focused strategy and more directly confront growing shareholder concerns about climate change. Exxon said Wednesday a preliminary […]

May 27, 2021 Read More →