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Chemicals & Energy: Page 59

INPEX, Idemitsu Kosan and ANA Sign Jet Fuel Carbon Neutralization Agreement

INPEX and Idemitsu will acquire carbon credits in order to neutralize 100% of the carbon dioxide generated by ANA’s jet fuel supply chain.

A lake in the shape of an airplane can be seen in the middle of an untouched forest. Photo: iStock.com/Petmal

Oil Tanker Seized by Iran Had Indian Crew, Says Operator

U.S. officials believe the seizure was a retaliation against a decision by the Department of Justice to force a tanker headed to China with Iranian oil to redirect to America

Photo: Bloomberg

U.S. Demands Iran Release Oil Tanker Seized in Gulf of Oman

Iran’s state-run IRNA news agency reported that a Marshall Islands-flagged tanker collided with an Iranian vessel in the Persian Gulf, prompting Iran’s navy to seize the vessel in Gulf of Oman.

Photo: Bloomberg

GM, Samsung SDI Outline $3bn Spend on U.S. Battery Plant

Automakers and EV battery makers alike are increasingly rushing to make investments in North America in order to receive tax credits provided by Biden’s landmark climate change bill.

Samsung SDI automotive battery cells. Photographer: SeongJoon Cho/Bloomberg

Nearshoring Not So Easy After All

The approach has brought new costs and logistics hurdles for supply chains that are adding a new twist to globalization.

Photo: iStock / natatravel

Global Oil Benchmark Clears Hurdle as U.S. Ship Transfers Granted

The change will bring much-needed liquidity into the benchmark, which for years has been suffering from shrinking supplies.

Photo: Bloomberg

Biden Administration Investing $82m in the U.S. Solar Manufacturing Sector

The Department of Energy will invest $52 million in 19 select clean energy projects, with an extra $30 million earmarked to fund solar energy technologies.

A close-up of solar panels can be seen in front of a sunset. Photo: iStock.com/JONGHO SHIN

Tanker Company Moving Russian Oil Loses Insurance Over G-7 Cap

The P&I insurance that Gatik lost is important for vessels when they enter ports or sail through key waterways like Turkey’s ardanelles shipping straits.

Photo: Bloomberg

French Strikes Slow the Recovery From Europe’s Energy Crisis

Electricity prices have surged, ships hauling fuel have diverted from the country’s shores, and the nation has burned through natural gas stockpiles.

Photo: Bloomberg

Supply Chain Issues Have Hurt the U.S. Chemical Manufacturing Sector

A staggering 93% of chemical companies claim freight transportation and supply chain disruptions have affected them negatively.

Photo: iStock.com/scanrail

Netherlands Plans to End Russian LNG Imports, Minister Says

The move by the Netherlands would apply to both spot and long-term contracts. The nation is a transit country for gas supplies, meaning that the decision could have a broader European impact.

Photo: Bloomberg

EPA Proposes Stricter Vehicle Pollution Standards

If automakers embrace electric vehicles, they could account for 67% of new light-duty vehicle sales and 46% of new medium-duty vehicle sales in 2032.

Photo: iStock.com/Fahroni

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How a Leading U.S. Floral Distribution Company Reduced Warehouse Labor Costs by 45% with RFID

Recycled Tagging Fasteners: Small Changes Make a Big Impact

Mobile geolocation service for track delivery, cargo shipment and freight transportation. Logistic Import Export business (Elements of this image furnished by NASA)

Enhancing High-Value Electronics Shipment Security with Tive's Real-Time Tracking

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