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COP28: Australia to stop funding foreign fossil fuel projects

Australia signed a statement on Tuesday committing to end funding of overseas fossil fuel expansion, joining 39 countries that have …

Venezuelan oil exports remain unchanged despite lifting of sanctions

In November, Venezuela’s oil exports remained roughly the same at 651,000 barrels per day (bpd) despite the easing of US …

Asia to dominate global phenol capacity additions by 2027

Global phenol capacity is poised to see considerable growth over the next five years, potentially increasing from 15.65 million tonnes …

Low-carbon ammonia and methanol plants expected to rise

Low-carbon hydrogen and carbon capture technologies are gaining prominence in the petrochemical sector. Companies such as CF Industries and Yara …

Phasing out fossil fuels among options weighed at COP28 final agreement

Phasing out fossil fuels is among the options participants at the COP28 are considering as part of the final agreement …