Biofuels
Vertex Energy pauses renewable diesel output to switch back to fossil fuels, citing macroeconomic woes
U.S. refiner Vertex Energy will pause renewable diesel production at its refinery in Mobile, Alabama, and convert it to produce fossil fuels instead, citing macroeconomic woes which might persist through next year.
SAFFiRE Renewables biofuel pilot plant to be developed in Kansas
On its path to opening a facility designed to turn agriculture residue into a scalable biofuel business, SAFFiRE Renewables, LLC plans to break ground on its pilot plant near Liberal, Kansas, in late 2024.
EBRD backs Ukraine's green biofuels project with €60-MM loan
The European Bank for Reconstruction and Development (EBRD) has agreed to provide a €60-MM loan to Lan-Oil LLC, a company established by fuel retailer OKKO Group in Ukraine, for the construction of a greenfield biofuels project.
Shipping major and GCMD to pilot FAME-VLSFO marine biofuel bunker fuel in Singapore
a Japanese shipping major and the Singapore-based Global Centre for Maritime Decarbonization will launch a six-month project for trialing marine biofuel for bunkering, consisting of 24% fatty acid methyl esters (FAME) and very-low-sulfur fuel oil (VLSFO) onboard a short-sea vehicle carrier that will call at multiple ports.
Diesel profit margins decline amid lower demand, more capacity
Profit margins for diesel are slumping as new refineries boost supplies and as mild weather in the northern hemisphere and slow economic activity eat into demand, putting oil prices under further downward pressure.
World Energy and Boston Consulting Group sign agreement on SAF certificates
Boston Consulting Group today announced it has signed an agreement for the purchase of sustainable aviation fuel certificates with World Energy, the sustainable aviation fuel (SAF) producer and low-carbon solutions provider.
bp’s Cherry Point refinery turns feedstock into renewable diesel fuel. Here’s how.
bp is boosting biofuels production to 50,000 bpd globally by 2025. Here, bp provides insight into the company's Cherry Point refinery, in Washington state (U.S.), and the facility's co-processing techniques.
UAE's Mubadala Capital plans $13.5-B biofuels investment in Brazil
Mubadala Capital, a subsidiary of Abu Dhabi's Mubadala Investment Company, is planning a $13.5-B investment in Brazil's biofuels sector over the next decade.
Liquid Wind's second eFuel facility granted environmental permit
FlagshipTWO, Sweden's second large-scale production facility of green electrofuel (eMethanol), has received the environmental permit for its planned operations in Sundsvall, Sweden.
Singapore Airlines Group orders sustainable aviation fuel from Neste
Neste and the Singapore Airlines Group have signed an agreement for the purchase of 1,000 tons of Neste MY Sustainable Aviation Fuel.
- Vertex Energy pauses renewable diesel output to switch back to fossil fuels, citing macroeconomic woes 5/10
- Citgo Petroleum reports Q1 profit of $410 MM 5/10
- Golden Pass LNG in discussions with contractor, may delay startup 5/10
- SAFFiRE Renewables biofuel pilot plant to be developed in Kansas 5/10
- EBRD backs Ukraine's green biofuels project with €60-MM loan 5/10
- Russia's refined oil product exports to Singapore to hit highest this year in May 5/10
