16 January 2024
16 January 2024
The Red Sea is a significant shipping artery, accommodating approximately 12% of global maritime traffic.
This follows a Federal Court ruling in Australia that dismissed an indigenous person's attempt to halt the project over concerns about underwater cultural heritage.
Following the upgrade work, the refinery will initially process 60,000 barrels per day (bpd) and reach its full capacity of 210,000bpd later in the year.
The consideration for the acquisition includes 24.8 million shares of Talos common stock and approximately $965m in cash.
The nation’s Burgas refinery is finding the replacement expensive.
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Global Polycarbonate capacity is poised to see considerable growth over the next five years, potentially increasing from 7.59 mtpa in 2022 to 9.96 mtpa in 2027, registering a total growth of 31%. Around 13 planned and announced Polycarbonate projects are expected to come online in Asia over the upcoming years. Among countries, China is expected to lead Polycarbonate capacity additions by 2027, followed by India.
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