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Chemicals & Energy: Page 63

2023: The Year to Overhaul Electricity Grids for a Better Future

Major grid upgrades are expensive, and utilities are under pressure to get the best “bang for the buck” for their investors and customers — scenarios that are not, normally, considered to be mutually compatible.

Photo: iStock.com/Audy_indy

Insurers End War-Risk Cover for Shipping Across Russia, Ukraine and Belarus

At least 12 of the 13 Protection and Indemnity (P&I) clubs — which cover 90% of the world’s ocean-going ships, including those from the U.K. and the U.S. — said they would no longer be able to provide coverage.

Photo: iStock.com/berean

Exxon Is Avoiding Tankers That Previously Transported Russian Oil

Moves by big firms such as Exxon and Shell are increasing the pressure on owners to choose between serving Russian and non-Russian interests.

Photo: Bloomberg

EU Energy Ministers Reach Agreement on Gas Price Cap

The compromise persuaded Germany, the EU’s biggest gas consumer but a sceptic over price caps, to back the plans.

Photo: iStock.com/Leestat

Germany Eyes Arrival of First LNG Vessel to Ease Gas Crunch

The ship’s arrival during northwest Europe’s first major cold snap this winter highlights the need for new gas supplies after Russia slashed deliveries in retaliation for the continent’s support for Ukraine.

The Hoegh Esperanza FSRU approaches Wilhelmshaven, Germany, on December 15. Photo: Bloomberg

Russian Ship Insurer Says It Won't Fill Void Caused by Sanctions

The comments leave unanswered questions about how tankers moving Russia’s oil will get insurance if international firms don’t do so.

Photo: Bloomberg

Watch: Another Crisis for the Food Supply Chain: Not Enough CO2

John Bell, head of the Department of Supply Chain Management at the University of Tennessee, explains why food processors and other industries are facing a critical shortage of carbon dioxide.

Another Crisis For The Food Supply Chain Not Enough Co2

Oil Tankers Queue up off Turkey as Price Cap on Russian Crude Begins

The tanker buildup is the first sign of the impact of the cap on the international oil market, which has been upended by the war in Ukraine.

An oil tanker in the Bosphorus. Photo: iStock.com/yunlutas

EU Agrees to Set $60 Price Cap Level for Russian Oil Exports

Diplomats have been under pressure to nail down the cap plan before EU sanctions on seaborne Russian oil kick in December 5.

Russia Oil Derricks Bloomberg

Ships Linked to Russia’s Biggest Grain Exporter Moved Stolen Ukrainian Cargo

The smuggling process builds on operations in Russian-occupied Ukraine, where trucks have moved stolen grain through a clandestine system to Crimea.

Sevastopol. Photo: iStock.com/Vladimir Zapletin

Biden Proposes Overhaul of U.S. Biofuel Law to Boost EV Makers Like Tesla

An Environmental Protection Agency proposal released December 1 invites public feedback on an array of changes to the Renewable Fuel Standard.

Photo: Bloomberg

Chevron to Send First Venezuelan Crude Shipment to U.S. by Late December

Under the agreements, Chevron will take over operations at an oil upgrading facility where it will process about 1 million barrels of crude to be shipped to U.S. refiners.

Photo: iStock.com/Wirestock

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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

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

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