Economics
Neste partners with PTL Marine to supply renewable diesel to marine customers across California (U.S.)
Neste is partnering with PTL Marine to provide Neste MY Renewable Diesel to the marine sector across the State of California
Virgin Atlantic wins UK permit for 100% SAF TransAtlantic flight
Virgin Atlantic will fly from London to New York using 100% SAF, after Britain gave it permission, paving the way for a world first as airlines step up efforts to decarbonize travel.
Southwest Airlines signs agreement with USA BioEnergy to purchase up to 680 million gallons of SAF
Southwest Airlines Co. announced an offtake agreement with USA BioEnergy, LLC for up to 680 million gallons of neat SAF.
Wizz Air wins 2nd consecutive CAPA Asia Aviation Summit award for SAF usage
For the second year in a row Wizz Air has been awarded the CAPA Global Environmental Sustainability Airline/Airline Group of the Year.
Nigeria brings major Dangote refinery to life with own oil supply
Nigeria's state oil firm NNPC Ltd will supply the new 650,000-bpd Dangote oil refinery with up to six cargoes of crude oil in December to be used in test runs.
Russia's October seaborne diesel exports fall on ban, maintenance
Seaborne diesel and gasoil exports from Russian ports fell 11% in October from a month earlier to about 2.55 MMt due to major maintenance work at refineries and a fuel export ban.
PetroChina aims to resume Venezuelan oil imports after 4-year pause
China's PetroChina is proposing to buy up to 8 million barrels a month of Venezuelan crude from state-run oil company PDVSA hoping to resume a trade suspended four years ago by U.S. sanctions.
Indonesia's palm oil consumption for biodiesel to exceed food for first time in 2023
Indonesia's domestic palm oil consumption for biodiesel will exceed its consumption for food for the first time in 2023, the Indonesia Palm Oil Association said at an industry conference.
Lummus launches upgraded Helixchanger technology
Lummus Technology announced the launch of its latest heat exchanger technology, the Helixchanger 2.0 system.
U.S. SAF production target faces cost, margin challenges
The United States' goal of rapidly ramping up production of SAF may encounter strong headwinds as producers balk at the low margins for the biofuel and some airlines flag concerns over the costly switch.
- ITT to acquire SPX Flow for > $4.77 B, expanding leadership in highly engineered components and adjacent flow technologies 12/5
- MOL Group introduces eco-friendly Bag-in-Box packaging for lubricants 12/5
- Addis Energy secures $8.3 MM to scale its transformative approach to low-cost ammonia production 12/5
- World Fuel Services supplies cruise line with waste-based biofuels 12/5
- Chevron announced $18 B-$19-B CAPEX budget for 2026 12/5
- Russia and India sign deal to build urea plant in Russia 12/5
