Europe
Mabanaft reaches agreement with Hapag-Lloyd to supply B30 bunker fuel in Hamburg
Mabanaft has reached an agreement with the shipping company Hapag-Lloyd for the supply of B30 biofuel. A first test delivery of 1,000 t of B30 VLSFO arrived on the container ship Delaware Express and reached Mabanaft's Waltershof tank terminal in the Port of Hamburg on December 12.
NEXTCHEM (MAIRE) signs toll manufacturing agreement with Röhm for chemical recycling of PMMA
MAIRE has announced that NEXTCHEM (Sustainable Technology Solutions), through its subsidiary MyRemono, has signed a toll manufacturing agreement with Röhm under which Röhm will supply PMMA scrap material feedstock to be processed and chemically transformed by MyRemono into ultra-pure monomers with virgin-like quality.
Gazprom Neft plans to boost refined fuels output in 2025
Gazprom Neft plans to increase investment in major projects in 2025, and expects to increase oil refining and output of light oil products, the company's head, Alexander Dyukov said.
Neste supplies renewable diesel to BMW for initial fueling
Neste and BMW have announced a collaboration for the supply of renewable diesel. BMW will purchase Neste MY Renewable Diesel™ and use the fuel for the initial fill of diesel vehicles leaving their manufacturing plants in Germany.
Neste supplies renewable diesel to BMW for initial fueling of the company’s newly-produced vehicles in Germany
BMW is sourcing Neste MY Renewable Diesel™ for the initial fueling of new passenger cars produced at BMW plants in Germany. BMW also recently expanded its approval of the use of renewable diesel (also known as HVO100) across a large portion of BMW models.
Global diesel prices to rely on refinery closures for support in 2025
The global diesel market will likely find price support in 2025 from the closure of about 1% of refining capacity, traders and analysts said, offsetting current weakness and structural downward pressure as the world shifts to cleaner fuels.
Orlen halts Olefins III project due to ballooning costs
The ORLEN Management Board has decided to halt the Olefins III project after determining that the actual implementation costs would have exceeded the initial estimates by sixfold. The project's cost has ballooned to more than $12 B.
TES accelerates CO2 export terminal at Wilhelmshaven Green Energy Hub
Tree Energy Solutions (TES), a global green energy company leading the way in the production of e-NG [electric natural gas derived from green hydrogen (H2)], is advancing its Green Energy Hub in Wilhelmshaven, Germany with the development of a liquid carbon dioxide (CO2) export terminal.
BASF starts up its expanded ammonium chloride plant in Ludwigshafen
BASF has expanded the production of ammonium chloride at its Ludwigshafen, Germany site, increasing capacity by 50% and improving product quality.
INEOS-led Greensand to become first full-scale CO2 storage facility in EU
INEOS, the day-to-day operator, of ‘Greensand Future’ and its partners, Harbour Energy, and Nordsøfonden have announced the final investment decision (FID) to safely and permanently store carbon dioxide (CO2) from Danish emitters in a depleted oil field in the Danish North Sea.
- 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
