Diesel is Russia’s biggest oil product export, at about 35 million tonnes last year, of which almost three quarters were shipped via pipelines. Russia also exported 4.8 million tonnes of gasoline in 2022, Reuters reported on Friday. Global oil prices reversed early gains to decline after the news. As of 0730 GMT, Brent futures nudged […]

Appetite for Iranian crude is growing in China, the world’s biggest oil importer, after the extension of supply cuts by Saudi Arabia and Russia boosted global prices, while Tehran is stepping up output and exports despite U.S. sanctions, reported the Reuters. Although China’s “teapots”, or small independent refiners, are stocking up on Iran’s discounted oil […]

AMB Spa, a packaging producer based in Italy, will use PET flakes from Indoraa’s PET tray recycling operations in its food-grade packaging film. The partnership between AMB and Indorama is aimed at diverting 150 million post-consumer trays from landfill or incineration by the end of 2025. Indorama produces flakes from post-consumer PET trays at its facility […]

 Hanover, Germany – Continental has started production of the UltraContact NXT – its “most sustainable series tire to date” – at its manufacturing site in Lousado, Portugal. With up to 65% renewable, recycled and mass balance certified materials, the new summer tire is claimed to combine a “remarkably high share of sustainable materials with maximum […]

SABIC, a producer of diversified chemicals, formally highlighted the use of its materials in applications on the GENBETA car, the new holder of the GUINNESS WORLD RECORDS title for the fastest speed achieved by a vehicle indoors. The GENBETA car was driven by ABB FIA Formula E World championship drivers Jake Hughes (NEOM McLaren Formula E […]

 The Exolon Group is supporting Team Sonnenwagen Aachen, a team of students from RWTH and FH Aachen. As part of construction of the fourth generation of the “Covestro Adelie” solar race car, the Exolon Group has provided 10-millimetre-thick Exolon polycarbonate sheets used in the production of the battery cell holder. To safely accommodate the largest and most powerful battery in the smallest possible space, Team […]