Europe

Biofuel maker Neste expects limited impact from tariffs, but supply glut still weighs

Finnish biofuel maker and oil refiner Neste expects U.S. tariffs will have only a limited direct impact on its business, but warned of continuous oversupply in renewable fuel and market volatility.

Portugal's Galp restarting Sines oil refinery over coming days

Portugal's Galp will be gradually restarting units at its Sines oil refinery over the coming days after the major Iberian power outage on Monday forced it to suspend operations.

INEOS CEO Sir Jim Ratcliffe: Carbon tax and high energy costs are killing off manufacturing in Britain

Grangemouth refinery (Scotland) ceases crude oil processing, transitions into import terminal

Scotland's only oil refinery ceased crude oil processing as of Tuesday, operator Petroineos said in a statement, as the site transitions to an import terminal.

Official approval granted for Hydrogenious LOHC’s ‘Hector’ storage plant

Hydrogenious LOHC has achieved a significant milestone towards designing, building and operating the world's largest hydrogenation plant for the safe and efficient storage of H2 in the LOHC benzyltoluene (LOHC-BT) at Chempark Dormagen in North Rhine-Westphalia, Germany: Project ’Hector’ has now received the official building and operating permit for the storage plant in accordance with §4 of the German Federal Immission Control Act (Bundes-Immissionsschutzgesetz - BImSchG).

Russia's idle oil refining capacity seen rising by 5.7% m/m in May

Russia's offline primary oil refining capacity is seen rising by 5.7% in May from April to 3.18 MM tonnes (t).

LAND enables expansion of advanced steam reformer temperature monitoring Spanish refinery

LAND®, a business of AMETEK Inc., and a global leader in industrial infrared temperature measurements, has facilitated the adoption of the optimal high-resolution thermal imaging solution for a Spanish refinery’s steam methane reformer furnace.

Dow Chemical delays construction on multi-billion-dollar Path2Zero project in Fort Saskatchewan, Alberta, Canada

After a reported Q1 loss, Dow Chemical plans to launch an action plan to further reduce spending and deliver $6 B in cash support. The plan includes delaying construction on the company's multi-billion-dollar Path2Zero project in Alberta, Canada.

Wärtsilä, Höegh Evi and partners complete development of world’s first floating ammonia-to-hydrogen cracker

Wärtsilä Gas Solutions, part of technology group Wärtsilä, and Höegh Evi, a global leader in marine energy infrastructure, have successfully completed the development of the world’s first floating ammonia-to-hydrogen (H2) cracker.

Eckero Line to use Neste renewable diesel for commercial maritime transport

Neste and Finnish company Eckerö Line, which operates ferry services between Helsinki and Tallinn, are continuing their collaboration to reduce maritime emissions. Eckerö Line provides freight and passenger services on the Baltic Sea and is the first company in Finland to adopt Neste MY Renewable Diesel™ for commercial maritime transport.