Economics
Neste MY Renewable Diesel introduced to the Italian market in collaboration with fuel distributor Firmin
Neste is partnering with the Italian fuel distributor Firmin to make Neste MY Renewable Diesel available for the first time in Italy to contribute to the reduction of greenhouse gas emission in the transport sector.
U.S. DOE and EPA announce $6 MM to support development of advanced biofuels
The U.S. Department of Energy Bioenergy Technologies Office and the U.S. Environmental Protection Agency announced $6 MM in funding for three projects that will advance biofuel development and support U.S. leadership in energy and emissions innovation.
U.S. oil imports from Canada hit record ahead of tariff threat
U.S. crude oil imports from Canada rose last week to the highest on record, ahead of incoming U.S. president Donald Trump's plans to levy a 25% tariff on Canadian imports.
Mitsubishi Chemical abandons 350,000-tpy MMA plant in Louisiana (U.S.)
Mitsubishi Chemical announced that it will not pursue a 350,000-tpy MMA Plant in Geismar, Louisiana" dated December 9, 2020, the Group had been considering the construction of a new Methyl methacrylate monomer plant in Geismar, Louisiana (U.S.), citing a failure to obtain long-term offtake contracts.
Asia's crude oil imports drop in 2024 as weak China weighs
Asia's crude oil imports dropped in 2024, the first annual decline in three years, led by weak demand from heavyweight China and other major buyers, with only India managing sparse growth.
U.S. biofuel producers ramped up in Oct. as profitability improved
U.S. renewable diesel and biodiesel producers ramped up operations in October to multi-month highs, helped by stronger margins for the biofuels, according to data compiled by advisory group AEGIS Hedging.
U.S. plans more sanctions on tankers carrying Russian oil
The Biden administration plans to impose more sanctions on Russia over its war on Ukraine, taking aim at its oil revenues with action against tankers carrying Russian crude.
Brunei to Tokyo with hydrogen: A demonstration success story
The authors’ company has developed a novel technologya for the transport of large volumes of H2. This technology is based on the use of a liquid organic H2 carrier (LOHC) and utilizes both an “off-the-shelf” hydrogenation catalyst as well as a proprietary and now-proven dehydrogenation catalyst.
Brazil's Petrobras raises jet fuel prices by around 7% in key markets
Brazilian state-run oil firm Petrobras hiked jet fuel prices for distributors starting on Jan. 1 by around 7% in some key marketing areas, such as Betim, Guarulhos and Duque de Caxias.
Venezuela's 2024 oil exports climb 10.5% amid political turmoil, refinery outages
Venezuela's oil exports rose 10.5% last year despite political instability and changes to the U.S. sanctions regime on the country, as partners of state oil company PDVSA took more cargoes under licenses granted by Washington.
- BASF, Forestal collaborate on advanced e-methanol production using OASE® technology 3/26
- Glencore's South African refinery invests in cleaner fuels 3/26
- U.S. crude stocks, gasoline and distillate inventories fall 3/26
- Wärtsilä to test ethanol-fueled engine for large-scale electricity generation 3/26
- Farnborough Airport, Hydrogen Refinery sign landmark SAF deal to help kick-start UK domestic refining sector 3/26
- Brazil's diesel imports rise with Petrobras above parity 3/26
