Economics
Kent plays integral role In ExxonMobil's investment In Fawley UK petrochemical complex
Kent, a leading global engineering and project management company, announced its significant involvement in ExxonMobil's $1.04-B investment in its Fawley petrochemical complex.
Nuberg EPC spearheads India’s largest chlor-alkali project for Adani Group
Nuberg EPC, a preeminent Indian Global EPC and turnkey project management company, announced its latest undertaking: India’s largest Chlor-Alkali project, commissioned by Mundra Petrochemical Ltd., a subsidiary of the esteemed Adani Enterprises.
Lukoil expects damaged NORSI refinery units back up in Q2
Russian oil producer Lukoil expects its damaged CDU-6 primary unit and catalytic cracker at the NORSI oil refinery to return to operations in the second quarter following seasonal maintenance.
Avril expects biofuel-driven profit surge by 2030
French oilseeds group Avril expects its core profit to increase by over half by the end of the decade as its crop-based food, fuel and industrial products meet demand for lower-carbon goods.
Russia's Orsk refinery declares force majeure on fuel supply due to floods
Russia's Orsk oil refinery, which has halted output after widespread floods, declared force majeure on fuel supplies from April 8, according to a document issued by plant owner Forteinvest.
Borealis invests $4.95 MM in Porvoo steam cracker
Borealis announced a $4.95 MM investment in the cracker furnaces of its olefins unit in Porvoo, Finland.
Singapore’s EU ETS liabilities of $363 MM can accelerate green shipping initiatives
Singapore-registered vessels will be required to contribute a significant $363 MM share of Asian shipping’s total emissions liabilities under the EU ETS, underlining the importance of the Lion City as a key maritime hub for both global trade and decarbonization.
Scaling up SAF production with Fischer Tropsch technology
Johnson Matthey announced that DG Fuels has selected its award-winning Fischer Tropsch CANS technology – co-developed with bp – for DG Fuels’ first SAF plant in St. James Parish, Louisiana (U.S.).
Yokogawa upgrades the CENTUM VP integrated production control system
Yokogawa Electric Corporation announced the May 31, 2024 release of CENTUM™ VP R6.11.10, an enhanced version of the CENTUM VP integrated production control system that is a core product in the OpreX™ Control and Safety System family of solutions.
Biden administration's (U.S.) initial SAF subsidy model to raise climate hurdle for ethanol
The Biden administration will release a preliminary climate model for its SAF subsidy program in the coming weeks that is more restrictive than what the corn-based ethanol industry had expected.
- India receives fuel oil cargo in Russian SCF tanker after brief halt 4/26
- Biden administration (U.S.) to release SAF tax credit model 4/26
- Boeing, Wagner advance Australia’s SAF Industry 4/26
- S-Oil expects Q2 refining margins to remain steady then trend upward 4/26
- Vitol to charter supertankers from U.S. to Nigeria's Dangote refinery 4/26
- Refiner Valero beats profit estimates on resilient demand, tight supplies 4/26