Economics
European diesel tightens, crude weakens as French refinery outages linger
European diesel markets are flashing warnings of tightening supply while crude oil markets are weakening after nearly two weeks of disruptions at French refineries due to strike action
Technip Energies awarded a contract for a low-CO2 mega ethylene plant for Huizhou Phase III Project in China
Technip Energies has been awarded a contract by CNOOC and Shell Petrochemicals Company Ltd. (CSPC) for the Huizhou Phase III project, a mega liquid ethylene cracker located in Huizhou, Guangdong Province, China.
Finnair reduces carbon emissions from flights departing Helsinki Airport with Neste MY Sustainable Aviation Fuel
Finnair has purchased 750 tons of Neste MY Sustainable Aviation Fuel from Neste to reduce the carbon emissions from flights departing from Helsinki Airport in Finland.
McDermott Awarded EPsCm Contract from Slovnaft
McDermott has been awarded an engineering, procurement services and construction management (EPsCm) contract from Slovnaft, a.s., for the steam cracker intensification off-gas processing project at its plant in Bratislava, Slovakia.
CPChem invests in Closed Loop Partners' Circular Plastics Fund
Closed Loop Partners’ Circular Plastics Fund announced Tuesday the addition of two new investors– Chevron Phillips Chemical (CPChem) and Charter Next Generation (CNG)–bringing the fund’s total capital to $45 M in an effort to support the development of plastics recycling and recovery infrastructure in North America.
Mexico's Pemex to lift crude processing to 1.2 M bpd this year
Mexican state-run oil company Petroleos Mexicanos, also known as Pemex, expects to increase its crude processing to 1.2 M bpd this year
Russia's Urals crude supply to EU via southern Druzhba rises
Russia's piped supply of Urals crude to the European Union via the southern spur of the Druzhba pipeline is set to rise 6% on a daily basis in the first quarter from the three months before.
Italy poised to decide whether to block Lukoil refinery sale
Italy's cabinet is expected to decide next week whether to use its anti-takeover powers to block the sale of a Lukoil-owned refinery to Cypriot private equity firm G.O.I. Energy.
Germany to provide 1.9 B euros for development of biofuels and e-fuels
The German Transport Ministry is providing 1.9 billion euros ($2.02 billion) for the further development and production of biofuels and e-fuels.
VPR Energy and XRG Technologies partner to halve refinery NOx emissions through new Xceed system
VPR Energy and XRG Technologies deploy new technology to halve NOx emissions from VPR’s European refinery in a world-first.
- Exploring ethanol: Maersk to test 50/50 ethanol-methanol bunker fuel 12/8
- BASF introduces low-VOC polyurethane catalyst Lupragen® N 208 12/8
- Idemitsu Kosan to be first Japanese refiner to supply biofuels to shipping industry 12/8
- China refiner moves forward with expansion despite sanctions 12/8
- Air Products and Yara to partner on low-emission ammonia projects 12/8
- Opinion: G7’s Russian oil tanker ban shows teeth, but bite is in doubt 12/8
