Economics
Colombia's Ecopetrol to invest up to $700 MM in SAF production plant
Colombia's state-run energy company Ecopetrol plans to invest up to $700 MM to build a plant at the Barrancabermeja refinery to produce sustainable aviation fuel
Ergon to invest $400 MM to expand gasoline production at Vicksburg refinery (U.S.)
Ergon Refining Inc. has announced plans to invest $400 MM to expand processing capabilities at our Vicksburg, Mississippi, refinery to include gasoline production, which is expected to come online during the first quarter of 2027.
DB Schenker to use Neste's renewable diesel to decarbonize logistics in Asia
Neste and DB Schenker, one of the world’s leading logistics service providers, have collaborated to work towards expanding DB Schenker’s adoption of Neste MY Renewable Diesel in Asia-Pacific. This partnership underscores the shared commitment of both companies to progress towards lower-emission logistics.
U.S. EPA's upcoming proposal on biofuel blending mandates to cover two years
The U.S. Environmental Protection Agency plans to release a proposal on biofuel blending mandates that covers two years worth of mandates, instead of a proposal that covers three years
ExxonMobil to invest more than $100 MM in Baton Rouge upgrade to produce high-purity isopropyl alcohol
ExxonMobil announced its plans to invest more than $100 MM in facility upgrades to produce high-purity isopropyl alcohol, a critical material for semiconductor chip manufacturing in the U.S.
Shell completes Singapore refinery sale to Chandra Asri-Glencore JV
Shell has completed the sale of its Singapore refinery and refining assets to a Chandra Asri-Glencore JV, and trade sources said the new owners had already started purchasing feedstock.
Japan's Maruzen Petrochemical to shut ethylene unit in Chiba
Japan's Maruzen Petrochemical, a unit of Cosmo Energy Holdings, will shut its ethylene unit in Chiba in the 2026/27 financial year and consolidate production at Keiyo Ethylene, its joint venture with Sumitomo Chemical, the companies said.
Varo buys Swedish refiner Preem in bet on biofuels
Varo Energy, backed by private equity giant Carlyle Group and the world's biggest trading house Vitol, said it had agreed to buy Swedish refiner Preem, betting on growing demand for biofuels.
Cenovus refinery in Ohio (U.S.), plans to shut multiple units for 6 weeks for maintenance
Cenovus will begin planned maintenance work on multiple units at its 160,000-bpd refinery in Toledo, Ohio in mid April.
INEOS Enterprises completes the sale of INEOS Composites to KPS Capital Partners for €1.7 B
INEOS Enterprises has completed the sale of its composites business to KPS Capital Partners for approximately €1.7 B. The composites business is a global leader in producing resins and gelcoats that are used to make strong, lightweight composite plastics found in everything from cars and boats to buildings and electronics.
- Brazil's Petrobras approves $1.2 billion investment for renewable fuels plant 6/22
- First batch of equipment arrives in Kazakhstan for $7.7-B Atyrau polyethylene project 6/22
- Explosion at Qatar's Ras Laffan LNG complex kills 13, injures 66 6/22
- Asia has plenty of crude oil, but refined fuels remain tight 6/22
- Fire extinguished at Marathon's Galveston Bay Refinery in Texas (U.S.) 6/22
- El Nino, expanding ethanol use squeeze India sugar supply 6/22
