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May 24, 2022

CHEM

Half of Gazprom’s 54 clients opened Gazprombank accounts, says Russia’s Novak

Reuters
A person is pictured through a window above a Gazprombank branch in Moscow July 17, 2014. REUTERS/Sergei Karpukhin/File Photo Register now for FREE unlimited access to Reuters.com Register May 19 (Reuters) – Half of Russian gas giant Gazprom’s (GAZP.MM) 54 clients have opened accounts at Gazprombank, Deputy Prime Minister Alexander......

Musk says he would reverse Twitter ban on Donald Trump

Reuters
May 10 (Reuters) – Billionaire Elon Musk said Tuesday he would reverse Twitter’s ban on former U.S. President Donald Trump when he buys the social media platform, the clearest signal of Musk’s intention to cut moderation of the site. Musk, the world’s richest person and chief executive of Tesla Inc,......

Indian shares muted as losses in metal stocks offset auto gains

Reuters
A broker reacts while trading at his computer terminal at a stock brokerage firm in Mumbai, India, February 26, 2016. REUTERS/Shailesh Andrade Register now for FREE unlimited access to Reuters.com Register BENGALURU, May 10 (Reuters) – Indian shares were subdued on Tuesday, with losses in metal and energy stocks countering......

Belgium’s Solvay hikes 2022 profit forecast after 1st quarter beat

Reuters
The logo of Belgian chemical group Solvay is seen at its headquarters in Brussels, Belgium, July 29, 2015. REUTERS/Francois Lenoir Register now for FREE unlimited access to Reuters.com Register May 4 (Reuters) – Solvay SA (SOLB.BR) on Wednesday raised its full-year core profit forecast after the Belgian chemicals group reported......

Lyondell CEO says Houston refinery needs ‘significant’ capital investment after 2023

Reuters
A general view of the Lyondell-Basell refinery in Houston, Texas February 1, 2015. REUTERS/Richard Carson/File Photo Register now for FREE unlimited access to Reuters.com Register HOUSTON, April 29 (Reuters) – Lyondell Basell Industries (LYB.N) interim Chief Executive Kenneth Lane said on Friday that operating the chemical producer’s 263,776 barrel-per-day (bpd)......

BASF sticks with earnings forecast despite risks from Russia, China

Reuters
A logo is seen on the facade of the BASF plant and former Ciba production site in Schweizerhalle near Basel July 7, 2009. REUTERS/Christian Hartmann Register now for FREE unlimited access to Reuters.com Register Sees exceptionally high level of uncertainty Cites Russia sanctions, China pandemic response as risks Operating profit......

Mexico’s Alfa Q1 net profit jumps, hikes EBITDA guidance

Reuters
MEXICO CITY, April 25 (Reuters) – Mexican conglomerate Alfa (ALFAA.MX) on Monday posted a first-quarter net profit of 4.3 billion pesos ($217 million), up 38% compared with the same period a year earlier, lifted by high industry margins at its chemicals subsidiary Alpek. Earnings before interest, tax, depreciation and amortization......

German-funded consortium to develop ‘battery passport’ for Europe

Reuters
BERLIN, April 25 (Reuters) – A German-funded consortium of carmakers and battery producers, including BMW (BMWG.DE), Umicore (UMI.BR) and BASF (BASFn.DE), is to develop a “battery passport” that traces the content and carbon footprint of batteries in Europe, Germany’s economy ministry said on Monday. The consortium of 11 partners has......

Big companies manage to pass on soaring costs to cash-strapped consumers

Reuters
ZURICH, April 21 (Reuters) – Makers of chocolate bars and coffee to lawn mowers and industrial robots succeeded in passing on soaring costs to consumers, first-quarter earnings showed on Thursday, allaying fears higher prices could dent demand for their products. Some of Europe’s biggest companies reported first quarter sales increases,......

Joint West African force says more than 100 insurgents killed in recent weeks

Reuters
FILE PHOTO: Nigerian military ride on their truck as they secure the area where a man was killed by suspected militants during an attack around Polo area of Maiduguri, Nigeria February 16, 2019. REUTERS/Afolabi Sotunde Register now for FREE unlimited access to Reuters.com Register MAIDUGURI, Nigeria, April 17 (Reuters) –......

Brightmark, Georgia county cancel $680 mln plastic-to-fuel project

Reuters
Reusable plastic bags and unrecyclable film packaging from southern California stores and retailers are seen in Laguna Niguel, California, U.S., December 1, 2021. Jan Dell/Handout via REUTERS Register now for FREE unlimited access to Reuters.com Register WASHINGTON, April 11 (Reuters) – Brightmark Energy and a county in the U.S. state......

Dow to take minority stake in German energy hub

Reuters
April 11 (Reuters) – Chemicals maker Dow Inc (DOW.N) will take a minority stake in a consortium constructing a liquefied natural gas (LNG) import terminal in Germany, at a time when Europe looks to reduce its reliance on Russian energy. The investment in Hanseatic Energy Hub GmbH comes after the......

INEOS offers to develop test shale gas site in Britain

Reuters
A logo is pictured in the headquarters of INEOS chemicals company in Rolle, Switzerland, November 13, 2017. REUTERS/Denis Balibouse Register now for FREE unlimited access to Reuters.com Register LONDON, April 10 (Reuters) – Chemicals and energy giant INEOS has offered to develop a shale gas test site in Britain to......

U.S. curbs Russian access to foreign fertilizers and valves

Reuters
A tractor sows sunflower seeds and fertilizes the soil with chemicals at “Leninskoye znamya” (Lenin banner) collective farm, about 40 km (25 miles) southwest of Rostov-on-Don, April 25, 2011. REUTERS/Vladimir Konstantinov/File Photo Register now for FREE unlimited access to Reuters.com Register WASHINGTON, April 8 (Reuters) – The United States on......

U.S. reviews LG Energy Solution batteries to ensure adequate recalls

Reuters
WASHINGTON/SEOUL, April 5 (Reuters) – The U.S. National Highway Traffic Safety Administration (NHTSA) on Tuesday said it is opening a review to ensure all defective batteries produced by LG Energy Solution (373220.KS) have been recalled by automakers. The auto safety agency noted Mercedes-Benz (MBGn.DE), Chrysler-parent Stellantis (STLA.MI), General Motors (GM.N)......

Tesla delivers record vehicles in Q1; output falls as China shutdown weighs

Reuters
A Tesla logo on a Model S is photographed inside of a Tesla dealership in New York, U.S., April 29, 2016. REUTERS/Lucas Jackson/File Photo Register now for FREE unlimited access to Reuters.com Register April 2 (Reuters) – Tesla Inc (TSLA.O) on Saturday reported record electric vehicle deliveries for the first......

EXCLUSIVE China’s Sinopec pauses Russia projects, Beijing wary of sanctions

Reuters
March 25 (Reuters) – China’s state-run Sinopec Group has suspended talks for a major petrochemical investment and a gas marketing venture in Russia, sources told Reuters, heeding a government call for caution as sanctions mount over the invasion of Ukraine. The move by Asia’s biggest oil refiner to hit the......

Occidental plans up to $1 bln for facility to capture carbon from air

Reuters
HOUSTON, March 23 (Reuters) – Occidental Petroleum (OXY.N) on Wednesday outlined plans to advance its clean energy transition business, including spending between $800 million and $1 billion on a facility to remove carbon dioxide (CO2) from the air. The proposed facility, the world’s largest direct air capture (DAC) project, is......

Canada’s CP Rail to resume operations after arbitration agreement

Reuters
March 22 (Reuters) – Canadian Pacific Railway Ltd (CP.TO) will resume operations on Tuesday as it agreed to settle a labor dispute with the union representing its conductors and engineers through arbitration, averting more pain to firms battling supply-chain disruptions. The railroad said the agreement with Teamsters Canada Rail Conference......

EXCLUSIVE World faces food crisis due to Ukraine war, Russian billionaire Melnichenko says

Reuters
Global food crisis is brewing – Russian billionaire War in Ukraine must stop – Melnichenko Many farmers already priced out of fertilisers Russia has halted exports of fertilizers LONDON, March 14 (Reuters) – A global food crisis looms unless the war in Ukraine is stopped because fertiliser prices are soaring......

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