Economics
U.S. petroleum product exports set another record high in 2023
Petroleum product exports from the U.S. averaged a record 6.1 MM bpdy in 2023, an 2.5% increase from 2022, according to EIA's Petroleum Supply Monthly.
Borouge commits to net-zero in its operations by 2045
Borouge, a leading petrochemicals company that provides innovative and differentiated polyolefins solutions, has committed to achieving net-zero across its scope 1 and 2 carbon emissions by 2045.
Evonik advances sustainable production with green electricity for specialty acrylates
Evonik’s Coating & Adhesive Resins Business Line has achieved a significant reduction in carbon emissions by powering the production of DEGACRYL specialty acrylates in Darmstadt with electricity from renewable sources.
The Neste refinery in Porvoo, Finland is gearing up for a significant turnaround in 2024
Neste maintains safe and uninterrupted refinery operations through regularly scheduled maintenance shutdowns, with preparations for the major turnaround at its Porvoo, Finland refinery, which commenced on April 1st, including shutdowns of process units occurring from April to June.
Solvay joins the Cyber Security Coalition to strengthen digital defenses
Solvay has become a member of the Cyber Security Coalition, a key step to strengthen its cyber defense capabilities and build a solid and secure digital ecosystem.
RINA grants Kindon New Energy Technology Approval in Principle for DAC green methanol offshore platform
The inspection, certification, ship classification and engineering consultancy multinational, RINA, has awarded Kindon New Energy Technology the Approval in Principle for its innovative green methanol offshore production platform solution.
Southwest Airlines acquires SAFFiRE Renewables and strengthens focus on sustainability
Southwest Airlines Co. announced the acquisition of SAFFiRE Renewables, LLC as part of the investment portfolio of its wholly owned subsidiary Southwest Airlines Renewable Ventures, LLC which is dedicated to creating more opportunities for Southwest to obtain scalable SAF.
Greece arrests member of gang that raked in $21 B from fuel-product smuggling
Greek authorities have arrested a senior member of an international gang that smuggled Latin American fuel products for illegal sale around the world, raking in an estimated profit of more than $21 B.
ADNOC cuts Upper Zakum oil exports sharply after diverting supply to refinery
Exports of Upper Zakum crude from the United Arab Emirates fell sharply in March after ADNOC diverted more supply to its own refinery and boosted shipments of its lighter Murban oil.
Japan's JERA starts ammonia co-firing trial at coal power station
JERA said it has begun a demonstration of co-firing 20% of ammonia with coal at its Hekinan thermal power station in central Japan, in what it said is the world's first trial using a large amount of the gas at a major commercial plant.
- Equinor selects Aker for Mongstad refinery upgrade project 5/1
- Australian researchers testing SAF production from landfill gases 5/1
- ACC responds to U.S. EPA's final risk management rule for methylene chloride 5/1
- Topsoe awarded contract to support FEED study for new low-carbon ammonia plant in Louisiana (U.S.) 5/1
- ClearSign Technologies receives burner contract for California (U.S.) refinery 5/1
- Traders scramble for U.S. storage as distillates demand disappoints 5/1
