Europe
Ørsted selected by U.S. Department of Energy to receive funding for Star e-Methanol facility
Ørsted announced it has been selected by the Department of Energy Office of Clean Energy Demonstrations to begin award negotiations for up to $100 MM in federal funding to construct a groundbreaking Power-to-X facility, called Star e-Methanol, along the Texas Gulf Coast.
Russia's Novak says there's no need for diesel export ban
There is no need for Russia to ban exports of diesel to tackle rising prices and possible shortages of the fuel after drone attacks reduced refining capacity.
NextChem Tech selected as engineering and technology partner for Aliplast’s upcycling plant project in Italy
NextChem Tech has been selected as engineering and technology partner for a new plastic upcycling project to be implemented in Modena by Aliplast, a company part of Hera Group and responsible for the recycling and conversion of plastic waste.
Russia's Ryazan oil refinery restores crude processing to 60% of pre-attack level
Russia's Ryazan oil plant resumed operations at primary oil refining unit CDU-4 this week, increasing its total crude intake to 60% of normal capacity or 169,000 bpd.
Global refinery capacity totaling 3.6 MM bpd at high-risk of closure
As much as 3.6 MM bpd of global refinery capacity has been assessed as being under high-risk of closure, according to Wood Mackenzie’s latest refinery closure threat analysis.
More than 20% of global oil refining capacity at risk, analysis finds
More than a fifth of global oil refining capacity is at risk of closure, energy consultancy Wood Mackenzie found in analysis published, as gasoline margins weaken and the pressure to reduce carbon emissions mounts.
Emirates adds SAF on flights from Amsterdam Schiphol Airport
Emirates has commenced the activation of its fuel agreement with Neste at Amsterdam Schiphol Airport, with over 2 million gallons of blended SAF to be supplied into the fueling system throughout 2024.
Nigeria's Dangote oil refinery could accelerate European sector's decline
Nigeria's giant Dangote oil refinery could bring to an end a decades-long gasoline trade from Europe to Africa worth $17 B a year, heaping pressure on European refineries already at risk of closure from heightened competition.
Russian oil refining capacity idled by drones reaches 14% of total
Russia's oil refining capacity that was shut down by drone attacks has reached 14% of total.
Russian domestic fuel supply up in March
The Russian energy ministry said that domestic gasoline and diesel daily supplies have increased by 13,000 metric tons and 15,500 tons respectively in March so far from February.
- Azerbaijan's State Oil Company redirects supplies of jet fuel from STAR refinery to Turkish domestic market 5/8
- Hungry to sell, UAE slips hidden oil tankers through Strait of Hormuz 5/8
- Seven markets to track if peace breaks out in the Middle East 5/8
- Asia exports of refined fuels plunge amid Hormuz closure 5/8
- Libya's Zawiya oil refinery shut due to nearby clashes 5/8
- Meghna PVC partners with Jotun to manage corrosion maintenance 5/7
