Core Viewpoint - Equinor and its partners are investing over 4 billion Norwegian Krone to develop the Isfjellet oil and gas discovery in the Barents Sea, with production expected to start in Q4 2028 [1] Group 1: Investment and Development - The Isfjellet project is a subsea development with estimated recoverable oil reserves of 46 million barrels [1] - The project benefits from its proximity to the Johan Castberg oil field, allowing for the reuse of standardized equipment and drilling designs [1] - Equinor has applied to the Norwegian Ministry of Energy for confirmation of environmental impact assessment obligations and is seeking an exemption from submitting a complete development and operation plan [1] Group 2: Production and Potential - The Johan Castberg field currently produces approximately 220,000 barrels per day, with total recoverable reserves estimated between 450 million and 650 million barrels [1] - There is additional potential of 250 million to 550 million barrels through new wells and satellite tie-backs [1]

Core Viewpoint - The European biodiesel market is undergoing significant changes due to the EU's Renewable Energy Directive III, with a shift in focus towards first-generation biodiesel and strong demand for used cooking oil methyl ester (UCOME) as a result of the cancellation of the double counting incentive policy and stricter greenhouse gas reduction targets [1][2][3]. Group 1: Market Changes - The cancellation of the double counting rule is expected to boost the demand for first-generation biodiesel, as it allows for a more straightforward accounting of renewable energy targets [2]. - The German draft legislation has removed the 4.4% cap on crop-based raw materials and the previous plan to reduce it to 3% by 2030, which is likely to enhance the market for crop-based biodiesel [2]. - The approval of soybean oil as a compliant biodiesel raw material will diversify the supply list, potentially putting waste-based raw materials at a competitive disadvantage [2]. Group 2: Demand for UCOME - The high cost of hydrogenated vegetable oil (HVO) is expected to further increase the market demand for UCOME [3]. - The transition from a biofuel quota system to a greenhouse gas reduction accounting system in the Netherlands will set independent reduction targets for various sectors, which is anticipated to create stable demand for UCOME [3]. - The cancellation of the double counting rule is likely to increase the demand for UCOME in the German market as well [3]. Group 3: Raw Material Selection Challenges - The biodiesel industry is actively exploring advanced raw materials, including used cooking oils, to meet increasing greenhouse gas reduction targets [4]. - Companies face the challenge of balancing greenhouse gas reduction effectiveness with economic viability when selecting raw materials [4]. - Advanced raw materials require actual greenhouse gas reduction calculations rather than default standards, making reduction effectiveness a core consideration in raw material selection [4].

Core Viewpoint - Phillips 66 has announced an increase in its 2026 capital budget to $2.4 billion, focusing on both growth and maintenance capital investments [1] Group 1: Capital Budget Allocation - The capital budget includes $1.3 billion for growth capital and $1.1 billion for maintenance capital [1] - The midstream segment is allocated $1.1 billion in maintenance capital, with $700 million designated for growth projects and $400 million to ensure operational support [1] Group 2: Strategic Focus - The company aims to enhance its natural gas liquids (NGL) "wellhead to market" integration strategy by expanding key basin pipelines and fractionation facilities, as well as increasing natural gas processing capacity [1] - Growth capital will primarily be directed towards joint ventures, particularly with Chevron Phillips Chemical and WRB Refining, focusing on world-class petrochemical facilities being constructed along the U.S. Gulf Coast and in Ras Laffan, Qatar, expected to commence production in 2026 [1] Group 3: Leadership Emphasis - CEO Mark Lashier emphasized that the budget will concentrate on the NGL value chain and high-return refining projects while ensuring operational safety and reliability [1]

洛希亚指出，尽管企业已在产能合理化方面采取诸多举措，但仅凭企业之力，不足以化解当前困扰行业 的结构性失衡。洛希亚强调："产能合理化需要政府与企业的协同行动，不能只寄希望于市场定价来修 复行业体系。"他认为，当前市场调节机制已失灵，即便行业利润大幅收缩，新产能仍在持续投放，因 为产能决策的核心驱动因素是主权国家战略，而非市场经济学规律。 洛希亚强调，这些举措的核心目的不仅是保障企业利润，更是为了维护员工的就业岗位。他补充道，随 着企业持续推进内部运营精简与业务版图优化，若能开展有纪律的行业协作，未来十年有望打造出一 个"更强大、更均衡、更具抗风险能力"的石化行业。 中化新网讯 近日，泰国中间体生产商因多拉玛集团首席执行官阿洛克·洛希亚表示，各国政府与私营部 门必须协同推进石化产能合理化，以解决全球供应过剩问题。若任由主权国家战略驱动下的无序扩产持 续，将威胁整个行业的可持续发展。 洛希亚认为，中国、韩国、日本、美国等多国已采取的应对举措是积极信号。中国正推进老旧裂解装置 的产能整合；韩国政府明确表示，若企业年底前未提交自主重组方案，将取消相关扶持；日本也已启动 行业重组进程。与此同时，美国通过进口关税实施贸易保 ...

EPA同时重申了拜登政府2025年1月的结论：在当前使用条件下，甲醛对工人与消费者存在不合理健康 风险。《联邦公报》指出，该风险既包括急性皮肤接触、吸入引发的非致癌效应，也涵盖工人长期吸入 导致的致癌效应。EPA强调，控制急性感官刺激风险，可同时防范包括癌症在内的其他健康危害。值得 注意的是，化学品科学顾问委员会(SACC)对拜登政府时期EPA的评估方式提出批评，认为其过度依赖 《综合风险信息系统(IRIS)甲醛吸入毒理学审查草案》中的致癌与非致癌危害数值。 ACC强调，甲醛在住房、农业、交通、医疗及国家安全领域应用不可或缺。此前甲醛最终风险评估在 科学质量、同行评审及公众与跨部门意见征询方面未达法定要求，过度依赖IRIS项目评估。ACC认为， 将感官刺激列为最敏感指标、认可受控人体暴露研究比流行病学观察更具科学性，有助于推动甲醛风险 评估回归最优科研标准。 美国化学理事会(ACC)甲醛委员会对EPA该决定表示欢迎，并称EPA修订后的评估方法充分吸纳了 SACC、人类研究审查委员会等权威机构的建议，更符合《有毒物质控制法》对"最优可用科学"和"科学 证据权重"的要求。 中化新网讯 近日，美国环境保护署(EPA ...

Core Insights - ExxonMobil aims to achieve an additional profit of over $14 billion by 2030 compared to 2024, exceeding previous forecasts by $5 billion, through the integration of over 40 "additive technologies" and resources across the entire value chain [1] Group 1: Technological Breakthroughs - The "additive technology" concept emphasizes the organic integration of multiple incremental innovations to achieve synergistic effects, with over 40 proprietary technologies currently in development or application [2] - Key innovations include petroleum coke proppant technology, which enhances oil extraction efficiency by increasing single well production by 20% and reducing costs compared to traditional materials [2] - The "cube development" strategy optimizes well spacing through data-driven approaches, significantly improving project net present value while avoiding issues related to well interference and resource wastage [2] Group 2: Value Chain Integration - ExxonMobil's full value chain layout maximizes the value of technological innovations, with the "Permian crude oil project" as the core, supported by the $60 billion acquisition of Pioneer Natural Resources [3] - The "factory execution" model enhances efficiency by drilling multiple wells simultaneously from a single site, reducing surface footprint and lowering costs through shared equipment [3] - The integration from oil extraction to refining creates a closed-loop value system, capturing value at every stage and preventing profit loss in intermediate processes [3] Group 3: Cost Revolution - ExxonMobil has achieved a cumulative structural cost savings of $14 billion since 2019, with a target of $20 billion by 2030, driven by enhanced drilling efficiency [4] - Over 50% of the company's oil and gas production comes from assets with a breakeven point below $40 per barrel, with a goal to reduce this to $30 per barrel by 2030 [4] - The combination of increased production and reduced costs creates a positive feedback loop, with analysts estimating that the Permian Basin's production increase and cost optimization could contribute over 40% to new profits if oil prices remain stable [4] Group 4: Industry Impact - ExxonMobil's strategic transformation offers new insights for the shale oil industry, which has struggled with the "growth without profit" dilemma, by pioneering a path of "quality and efficiency" [5] - The company's cost advantages position it competitively in a low-price environment, reflecting confidence in its cyclical resilience with a $14 billion profit target [6] - The technological breakthroughs may enhance the long-term competitiveness of U.S. shale oil, potentially increasing its influence in the global energy landscape as the company approaches its $30 per barrel breakeven target [6]

纯碱学名碳酸钠，是一种基础化工原料，广泛应用于工业制造、食品加工和日常生活三大领域，是被誉为"化 工之母"三酸两碱中的两碱之一。周光耀从20岁参加工作起，便与纯碱结下了不解之缘。 周光耀1954年在大连碱厂参加工作成为一名技术人员，1965年调入化工部第八设计院成为一名纯碱设计工程 师，后任中国成达工程公司副总工程师、首席技术专家，1995年7月当选中国工程院化工、冶金与材料工程学 部院士，成为化工部所属设计院第一位中国工程院院士。期间，他研发多项高效、低碳绿色技术，成功运用 到纯碱工程项目建设中，有力推动了我国纯碱产业的大型化、绿色化和现代化发展。在周光耀院士90岁之 际，特刊发此文，致敬其为我国纯碱事业发展做出的重要贡献。 矢志求学 走上纯碱报国之路 周光耀1935年12月出生于浙江宁波鄞县的一个小镇。家中有兄弟姐妹8个，他排行老四。父亲在镇上开了一家 小杂货店，勉强维持家中基本生活。 1942年初，周光耀在鄞县姜山小学读书。1949年初，周光耀考入宁波一所著名的私立学校效实中学读初中。 在中学，他对化学很感兴趣，每次做化学实验时，都会被玻璃器皿里奇妙变幻的液体和气体所吸引。 1951年7月，周光耀以年级 ...

Core Viewpoint - The "Three-Year Action Plan" for the Handan China Gas Valley aims to address core bottlenecks in the industrial gas sector through targeted initiatives in electronic gases, energy gases (hydrogen), and industrial/special gases [1][2] Group 1: Electronic Gases - The plan focuses on implementing specialized actions to fill the technological gaps in six key areas required for the production of electronic specialty gases, aiming to support the manufacturing needs of advanced logic and memory chips by 2028 [1] Group 2: Energy Gases (Hydrogen) - The initiative seeks to enhance hydrogen production equipment capabilities, establish leading advantages in key materials preparation, electrolyzer design, and hydrogen system integration [1] - It aims to expand the hydrogen production industry scale, promote key project construction, and innovate domestic advanced hydrogen refueling technologies and equipment [1] Group 3: Industrial and Special Gases - The plan emphasizes breakthroughs in aerospace-grade, chip-grade, and medical-grade technologies for rare gases such as helium, neon, argon, krypton, and xenon [1] - It focuses on high-purity liquid oxygen and liquid nitrogen, leveraging the steel and chemical industries to promote efficient recovery and utilization of by-product industrial gases [1] Group 4: Policy and Innovation - The plan highlights a dual-driven approach of policy and innovation to effectively implement various tax and fee support policies while strengthening the construction of technical foundation platforms [2] Group 5: Projects and Talent Development - It emphasizes the simultaneous advancement of projects and smart technologies, promoting "AI+" and "Internet+" initiatives [2] - The plan also prioritizes talent development alongside an evaluation system to improve the professional competency assessment framework in the gas industry [2]

《建议》提出，聚焦未来材料、未来能源、未来生物、未来健康、未来显示、未来航空等领域，科学布 局金属新材料、固态电池、生物制造等产业新赛道。 中化新网讯 12月15日，《中共江西省委关于制定全省国民经济和社会发展第十五个五年规划的建议》 (下称《建议》)正式发布。其中，化工等传统产业的优化升级成为重要着力点。 在绿色发展方面，《建议》提出推动重点行业节能降碳，发展分布式能源，建设零碳工厂和园区。推动 能源清洁低碳安全高效利用，持续提高新能源供给比重，推进化石能源安全可靠有序替代。 《建议》提出，为优化提升传统产业，江西将重点推动有色金属、石化、建材等产业加快结构调整、提 质升级，通过实施产业基础再造和重大技术装备攻关，强化技术改造与数智化转型，大力发展绿色制造 和智能制造，以增强产业综合竞争力。实施产业基础再造和重大技术装备攻关，推动技术改造升级，加 快数智化转型，大力发展智能制造、绿色制造，促进先进制造业集群发展。 ...

Core Insights - The China Industrial Gases Industry Association held its 35th member conference, showcasing the development achievements of the industrial gas sector and discussing future growth strategies [1] Group 1: Industry Development - By 2025, all segments of the Chinese industrial gas industry are expected to experience growth, with significant advancements in electronic gases, liquid hydrogen, gas analysis, and rare gases [1] - The electronic gas sector is thriving in market size, technological breakthroughs, and domestic substitution [1] - Liquid hydrogen is entering the industrialization phase with diverse application scenarios, while facing challenges in cost and ecological optimization [1] - The gas analysis market is expanding, with accelerated technological upgrades towards high-end intelligence and a reshaping competitive landscape [1] - The rare gases sector is also growing, with helium production increasing and self-sufficiency rates improving [1] Group 2: Regional Development - Handan City is developing the "Handan China Gas Valley," establishing a leading gas industry ecosystem with key enterprises and abundant industrial by-product gas resources [2] - The city hosts leading companies such as China Shipbuilding (Handan) Special Gas Co., Ltd. and Hebei Handan Steel Special Gas Co., Ltd., which contribute to the scale and green development of the gas industry [2] - Suggestions for the development of "Handan China Gas Valley" include focusing on electronic gases, promoting hydrogen energy across the entire supply chain, and accelerating the collaborative innovation of industrial gases [2] Group 3: Future Initiatives - The gas association plans to continue aligning with industry development by introducing group standards and monitoring the progress of safety regulations [2] - Key initiatives include the preparation of the "15th Five-Year Development Guide for the Gas Industry" and the establishment of emergency response bases for the gas sector [2]