- Global Energy Infrastructure
ORLEN and Yokogawa Europe announce they have joined forces to initiate industrial-scale production of carbon neutral SAF.
Oil prices rose as renewed global supply concerns from Russia's fuel export ban counteracted fears that slowing economies and high interest rates could crimp demand.
The European Union is set to demand that cars running on e-fuels must be 100% carbon neutral if they are to be sold beyond 2035, a draft document showed, after Germany demanded e-fuel cars be exempted from the phase-out of new polluting vehicles.
Russia cut its seaborne diesel and gasoil exports by nearly 30% to about 1.7 million metric tons in the first 20 days of September from the same time in August, as local refineries went into seasonal maintenance and the domestic market faces a fuel shortage and rising prices.
Russia has introduced temporary restrictions on exports of gasoline and diesel in order to stabilize the domestic market.
Shell is tentatively expected to restart a hydrocracking unit at Europe's biggest oil refinery in the Netherlands by Sept. 25 after a leak forced its shutdown on Tuesday, traders said, citing a report from industry monitor IIR.
European oil refinery output in August rose by 1% from the previous month to 9.73 million bpd.
Industrial companies in the Netherlands get $42-49 B in tax breaks and subsidies annually for using fossil fuels, the Dutch government said in a report aimed at spurring international debate on such subsidies.
Britain will push back a ban on new petrol and diesel cars and vans to 2035 from 2030, Prime Minister Rishi Sunak said, adding that the cars would still be available to buy on the secondhand market thereafter
Russian oil producers supplied their first cargoes of CPC Blend crude to the UAE in August and September opening up a new export route as Moscow looks to find new customers and skirt Western sanctions.
Current Digital Edition
Sign up to Receive Our Newsletter
- ORLEN partners with Yokogawa to develop cutting-edge technology for SAF production 9/22
- Oil prices rise as Russia fuel export ban stokes supply concerns 9/22
- Port Arthur LNG Phase 2 Project receives Federal Energy Regulatory Commission authorization 9/22
- EU set to demand e-fuel cars have no climate impact 9/22
- Ethanol groups slam U.S. EPA advisors for report on fuel's 'minimal' climate benefit 9/22
- China climate envoy says phasing out fossil fuels 'unrealistic' 9/22
Construction Boxscore: Project Spotlight
Long Son Petrochemicals Complex
Long Son, Vietnam
Siam Cement Group