Economics
OMV and Wood collaborate on ReOil Technology licensing
OMV signed today a mutually exclusive collaboration agreement for the worldwide commercial licensing of OMV’s proprietary ReOil technology with Wood.
OMV to supply Air France-KLM with 2,000 mt of SAF this year
OMV the integrated energy, fuels & feedstock and chemicals & materials company headquartered in Vienna announced that it has signed an offtake agreement to supply 2,000 metric tons of SAF to the Air France-KLM Group in 2023.
The Airbus A321XLR test aircraft successfully completed its ‘early passenger flight’ demo powered with 30% SAF
the A321XLR successfully completed its ‘early passenger flight’ demonstration with 167 employees acting as passengers and was powered with 30% SAF, demonstrating action towards achieving the sector’s emissions reduction goals including in Airbus flight test activities.
Nigeria's NNPC now sole petrol importer
Nigeria's national oil firm NNPC Ltd has again become the sole importer of petrol because licensed local private firms are unable to obtain foreign currency four months after imports were opened up to private players.
India's September fuel demand slips 2% month-on-month
India's fuel consumption dropped 2% month-on-month in September, data from the Petroleum Planning and Analysis Cell of the oil ministry showed.
OPEC leaders make case for fossil fuels at Riyadh climate event
OPEC heavyweights said oil and gas should not be stigmatized in the climate debate and that the industry had a role to play in an orderly energy transition.
CPChem, QatarEnergy finalize financing on Ras Laffan, Qatar, petrochemicals project
Ras Laffan Petrochemicals, a joint venture company owned 30% by Chevron Phillips Chemical and 70% by QatarEnergy, announced that it has secured $4.4 B to finance an integrated polymers facility to be located in Ras Laffan Industrial City, Qatar.
Vietnam's largest refinery Nghi Son restarting after maintenance
Vietnam's largest refinery, Nghi Son, is in the process of a restart after major maintenance that began late August.
Indonesia's Jan-Sept biodiesel consumption at about 2 T gallons
Indonesia's consumption of palm oil-based biodiesel for the first nine months of this year was about 2 trillion gallons.
Russia keeps ban on gasoline exports and cross-border sales of diesel by railway
Russia's ban on gasoline exports and cross-border sales of diesel by railway remains in place.
- ABB enhances AI capabilities of flagship industrial device digital solutions 4/17
- XCF, DevvStream, Southern Energy Renewables partner to bring transferable 45Z clean fuel credits to market 4/17
- HyOrc completes independent process and technology verification for waste-to-methanol platform 4/17
- Bottled lightning makes a cleaner fuel: Research shows how bursts of plasma convert methane into methanol without high heat and pressures 4/17
- Evonik launches high performance isodewaxing catalysts for fuels and lubricants production 4/16
- BASF to increase its price for neopentylglycol in the U.S. and Canada 4/16
