Europe
Finland's Neste to slash around 600 jobs as quarterly core profit slumps on excess renewable fuel supply
Finnish oil refiner and biofuel maker Neste will slash around 600 positions as excess supply in the renewable fuel market caused a slump in quarterly core profit.
Magnon project in Huelva to capture biogenic CO2 to produce renewable fuels
Magnon Green Energy, the Ence Group’s energy subsidiary, is promoting a pioneering project for the capture and recovery of biogenic carbon dioxide (CO2) at its biomass-based renewable electricity generation plant in Huelva, Spain.
Liquid Wind announces new eFuel facility project in Örnsköldsvik, Sweden
The new eFuel project will be carried out in close collaboration with Övik Energi as a development partner and supplier of biogenic carbon dioxide (CO2). The new site is planned to be one of Europe's largest facilities for the production of eFuels.
Russia's Volgograd oil refinery partially recovers after drone attack
Russia's Volgograd oil refinery, which had halted operations following a Ukrainian drone attack on February 3, has partially resumed processing.
Accelera to power bp's Lingen green hydrogen project in Germany
Accelera™ by Cummins will supply a 100-megawatt proton exchange membrane electrolyzer system for bp's Lingen green hydrogen project in Germany.
Horisont Energi AS: Commercial progress for the Barents Blue project
Horisont Energi is progressing the commercial work and has now passed a milestone for the Barents Blue project by signing the first term-sheet (non-binding) for gas supply from the Snøhvit LNG facility at Melkøya in Northern Norway.
Russia's Saratov oil refinery suspends operations after drone attacks
Rosneft-owned oil refinery in the southern Russian city of Saratov has suspended fuel production for safety reasons after Ukrainian drone attacks on Tuesday, industry sources said, expecting the plant to resume operations in a day or two.
BASF introduces first superabsorbent polymer with product carbon footprint of zero
BASF now offers HySorb® B 6610 ZeroPCF, the first polyacrylate-based superabsorbent polymer marketed with a product carbon footprint of zero for the hygiene industry. The zero PCF is achieved by utilizing renewable energy in addition to the established biomass balance approach in the production process at the Antwerp Verbund site.
Russia may ban gasoline exports for a month to stabilize prices
Russia's Federal Anti-Monopoly Service may initiate a one-month ban on gasoline exports to stabilize wholesale prices ahead of the crop-sowing campaign
Russia's oil transit via Ukraine down 15% in 2024
Russia's oil transit through Ukraine's pipeline system declined by 15% in 2024 to 11.5 MM tonnes (t) (230,300 bpd).
- 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
- Russia and India sign deal to build urea plant in Russia 12/5
- Chinese refiners buy oil from storage, raise output with fresh import quota 12/5
- U.S. okays transactions with Lukoil gas stations outside Russia through late April 12/5
- Honeywell to supply integrated automation systems for flagship UK carbon capture projects 12/4
