Europe
Maire subsidiaries awarded various contracts worth approximately $1.1 B
MAIRE announced that its subsidiaries TECNIMONT and KT-Kinetics Technology have been granted new awards for a total amount of approximately $1.1 B for engineering, procurement and construction activities related to gas treatment infrastructures, as well as high-value added engineering services provided by NEXTCHEM's group companies for the development of biofuel facilities.
Versalis starts up new recycled polymer production plant at Porto Marghera
Versalis, Eni’s chemical company, has opened a new plant in Porto Marghera for the production of plastics made wholly or partially from mechanically recycled raw materials. This project marks another key milestone in the company’s commitment to promoting a more circular and environmentally sustainable economy through technological innovation and post-consumer plastics recycling.
ANALYSIS: EU power grid needs trillion-dollar upgrade to avert Spain-style blackouts
Europe's aging power grid and lack of energy storage capacity will require trillions of dollars in investments to cope with rising green energy output, increasing electricity demand and to avoid blackouts.
Repsol and Bunge to boost development of renewable fuels in Europe with intermediate crops
The companies will collaborate to process intermediate crops into low-carbon intensity oils to be used as feedstock for the production of renewable diesel or sustainable aviation fuel (SAF).
Repsol surpasses 1,000 service stations with 100% renewable Nexa Diesel
The multi-energy company's goal is to end the year with 1,500 service stations offering this fuel in the Iberian Peninsula.
Norway's Mongstad oil refinery maintains operation during partial evacuation
Norway's Mongstad oil refinery was partially evacuated on Friday when smoke was detected at an electricity substation on the site, although the plant's production continued during the incident.
OMV unveils Austria’s largest green H2 production plant
OMV has announced the successful startup of its 10-megawatts (MW) green hydrogen (H2) production plant, located at the Schwechat refinery near Vienna, the largest of its kind in Austria.
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.
- Valero Energy Q4 profit beats estimates; shares surge 1/30
- Dow launches "Transform to Outperform" to raise the competitive industry benchmark for productivity and growth to enable improved returns 1/30
- Russian oil refineries' peak maintenance expected in January and September 1/30
- U.S. lifts some Venezuela sanctions to ease oil sales 1/30
- Keppel, Aster plan sustainable aviation fuel project in Singapore 1/30
- Boeing, Israel's Technion to develop sustainable aviation fuel, as sector grapples with 2050 goal 1/30
