Fuels
News Plastech

MOL Group 2021 results: record high EBITDA

MOL Group 2021 results: record high EBITDA

In a very volatile external environment, MOL Group generated USD 947mn Clean CCS EBITDA in Q4, bringing full-year Clean CCS EBITDA to an all-time high USD 3.531bn, above the updated guidance.

SABIC becomes world’s first chemical company to commission LNG-run gas carriers

SABIC becomes world’s first chemical company to commission LNG-run gas carriers

Saudi Basic Industries Corporation (SABIC) has commissioned the construction of two sea going gas tankers powered by liquefied natural gas (LNG) to transport its olefins products, in anticipation of a European Union directive to drastically reduce sulphur emissions from vessels operating in the North Sea by 2015. Switching to alternative fuels for ships, such as LNG, which is far more environment-friendly than traditional fuel oils is one of the solutions identified to meet the European Union directive.

Reportages