Economics
Neste's renewable fuel supports Outokumpu's Kemi mine in carbon neutrality goal
Outokumpu will replace the fossil fuels used by its Kemi mine and Tornio steel mill and the contractors on these sites with Neste MY Renewable Diesel.
Neste, ISCC, and DHL pilot credible sustainability traceability for SAF use
Neste, ISCC and DHL Group joined forces to pioneer and test a system through which airlines, logistics service providers and end customers such as corporates can credibly report the emission reduction achieved by using SAF to reduce their carbon footprint from air travel and transport.
U.S. manufacturing rebound will stretch diesel supplies
U.S. manufacturers reported business activity declined for the 11th month running in September, but the cycle appeared to be close to its trough and poised to return to growth in the next few months.
Russia’s Lukoil lends Socar $1.5 B in deal to supply its Turkish STAR refinery
Private Russian oil producer Lukoil will lend Azeri state oil firm Socar $1.5 B as part of a broader deal that will allow Socar's 200,000-barrel-per-day Turkish STAR refinery to process Russian crude again.
Petronas, Idemitsu in deal to develop sustainable aviation fuel
Malaysian state oil company Petronas and Japan's second-biggest oil refiner Idemitsu Kosan Co signed a preliminary agreement to collaborate on development and distribution of sustainable aviation fuel.
Russia surpasses UAE as India's top naphtha supplier amid discounts
Russia has overtaken the UAE to become India's top naphtha supplier, data shows, as New Delhi takes advantage of discounted Russian oil products and the re-routing of trade flows in the aftermath of Moscow's Ukraine invasion.
Putin orders regulated prices for fuel oil, Russia's export ban stays
Russian President Vladimir Putin has ordered the government to provide state funds to ensure a smooth heating season, including the introduction of regulated prices for fuel oil supplied for household heating in some regions.
Singapore's middle distillates stocks near 2-year high on lower gasoil net exports
Singapore's middle distillates stockpiles hovered around a two-year high, tracking declines in net gasoil exports, though a rise in jet fuel/kerosene net exports slowed down the overall inventory pile up.
Evonik further expands production capacity for gas separation membranes
Evonik will further expand capacity for production of its SEPURAN hollow fiber membranes in Schörfling and Lenzing, Austria.
Technip Energies awarded an advanced biofuels unit and a green hydrogen unit at Galp Sines Refinery
Technip Energies has been awarded Engineering, Procurement Services and Construction Management contracts by Galp for an advanced biofuels unit and a green hydrogen unit for its Sines refinery in Portugal.
- 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
