Europe
Global refinery margins lose steam as Russian oil finds new outlets
Global diesel margins have slumped by about half since February, dragging on refiners' profits, as Russian exports continue despite sanctions, helping output from China and India reach all-time highs in March.
Neste and Viva Aerobus sign purchase agreement for 1 MMl of sustainable aviation fuel
Neste and Viva Aerobus have signed a new purchase agreement for 1 MMl of Neste MY Sustainable Aviation Fuel.
Countdown to 26th World Energy Congress begins with release of Global Energy Leaders Survey
The countdown to the 26th World Energy Congress, to be held in Rotterdam from 22-25 April 2024, has begun as the World Energy Council launches event registration and simultaneously releases the results of its latest Pulse Survey.
Turkey top destination for Russian diesel after EU embargo
Turkey remains the top destination for Russian diesel exports after an embargo on shipments to Europe forced traders to divert supplies to Asia, Africa, the Middle East and ship-to-ship loadings.
China's big refineries crowd out teapots for discounted Russian oil
Chinese state oil giants and major private refiners are sweeping up more Russian crude, supporting prices and forcing smaller independents to seek out cheap alternatives such as Iranian oil.
LEGO, Novo Nordisk agree to buy green methanol for plastic production
Toymaker LEGO said it had agreed to buy e-methanol, a lower-carbon alternative to conventional plastic ingredients, for use in its colorful plastic bricks when the world's first large-scale plant starts operations next year.
Stellantis tests e-fuels on existing engines to decarbonize fleet
Carmaker Stellantis is testing 28 types of engine to try to optimize their performance using synthetic e-fuels, which are made with renewable energy, a step it said could decarbonize its existing European models.
France's Avril turns biodiesel focus to trucks from cars
French oilseed group Avril plans to double output of its 100% biodiesel fuel aimed at fleet trucks in 2023, at the expense of standard biodiesel mixed in car fuel, after the business helped the group post record results last year.
Maire Tecnimont Group awarded new technology and high-value engineering contracts for approximately $90 MM
Maire Tecnimont S.p.A. announces that some of its Sustainable Technology Solutions subsidiaries have been awarded several new contracts for technology licensing and engineering services for an overall value of approximately $90 MM.
Stamicarbon signed to license its largest Ultra-Low Energy urea plant
Stamicarbon has signed a contract covering PDP, licensing and equipment supply for an Ultra-Low Energy grassroots urea plant in Jiangxi province, China.
- ITT to acquire SPX Flow for > $4.77 B, expanding leadership in highly engineered components and adjacent flow technologies 12/5
- MOL Group introduces eco-friendly Bag-in-Box packaging for lubricants 12/5
- Addis Energy secures $8.3 MM to scale its transformative approach to low-cost ammonia production 12/5
- World Fuel Services supplies cruise line with waste-based biofuels 12/5
- Chevron announced $18 B-$19-B CAPEX budget for 2026 12/5
- Russia and India sign deal to build urea plant in Russia 12/5
