Terminal News
Chemicals producer, BASF has announced they are ending ammonia and associated fertiliser production in the German city of Ludwigshafen due to high production and energy costs.
BASF seeks to cut costs by €500 million per year from 2024 by moving production to Belgium, the US and Asia. This is estimated to result in 2,600 jobs losses.
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The UK’s second largest port operator, Peel Ports Group, has joined forces with liquid bulk storage operator, Chane, whose main UK terminal is located at the port group’s Port of
Japanese refiner Eneos Holdings has agreed to buy CHevron’s 50% stake in Singapore Refining Company (SRC), among other assets in Southeast Asia and Australia for nearly $2.2 billion (€1.8 billion).
LanzaTech, as part of the FLITE (Fuel via Low carbon Integrated Technology from Ethanol) consortium, has selected North Sea Port, Ghent (Belgium), as the site for Europe’s first commercial-scale alcohol-to-jet
The world has lost around 1 billion barrels of oil over the past two months, and energy markets will take time to stabilise even if flows resume, the CEO of
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