Refining
Shell beats forecasts with $6.3 B second quarter profit
Shell reported second-quarter profit of $6.3 B, a drop of 19% from the previous three months as refining margins and oil and gas trading weakened, though still beating analysts' forecasts.
Ampol, Graincorp collaborate for potential renewable fuels plant in Australia
The companies inked a memorandum of understanding (MoU), under which Graincorp will supply feedstock to produce sustainable aviation fuel and renewable diesel at the Lytton refinery.
Brazil's JBS supplies animal waste for production of sustainable aviation fuel
Brazilian meatpacker is supplying animal waste from its operations abroad for the production of renewable aviation fuels and is studying a similar initiative in Brazil through the Friboi brand.
United is first airline to purchase SAF for O'Hare Int'l airport (Chicago, U.S.)
United Airlines will purchase 1 MMgal of sustainable aviation fuel from Neste for use at Chicago's O'Hare International Airport.
Egypt aims to keep diesel prices subsidized
Egypt will aim to keep the price of diesel - one of the country's most commonly used fuels - subsidized by raising other petrol prices, Prime Minister Mostafa Madbouly said.
illimity, Trafigura lend money to Italian refinery for energy transition
illimity and commodity trader Trafigura have teamed up to lend more than €400 MM ($434 MM) to Italian refinery ISAB, which will invest €1.4 B in the next decade to strengthen its business and make it greener.
EIA: U.S. refining capacity increased in 2023 with expansions and existing facilities
U.S. refining capacity increased in 2023 for the second time since the COVID-19 pandemic, according to the U.S. EIA’s annual Refinery Capacity Report. U.S. operable atmospheric crude oil distillation capacity totaled 18.4 MMbpd at the start of 2024, a 2% increase compared with the start of 2023.
Neste, HELLENiQ ENERGY collaborate to boost the availability of blended SAF in Greece
Neste and HELLENiQ ENERGY have collaborated to deliver blended Neste MY Sustainable Aviation Fuel to HELLENiQ ENERGY’s facilities in Thessaloniki, Greece.
SUEZ and hte collaborate for the catalytic valorization of biomass
This collaboration focused on the screening of various catalytic materials to convert biomass-derived feedstocks into sustainable gases.
Angola's new 30,000-bpd Cabinda refinery to start up later this year
Angola’s new Cabinda crude oil refinery is on track to start up later this year before ramping up to full first phase production of 30,000 bpd by July next year.
- 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
