Refining
Climate Investment leads $27-MM Series B investment in Membrane Technology and Research (MTR) to scale its use in industrial applications
This funding will enable MTR to continue its leadership in membrane research and development, expand manufacturing capacity, and accelerate the deployment of its fully commercialized membrane technologies that provide economical solutions for hydrocarbon recovery, hydrogen separation, natural gas sweetening, and fuel gas conditioning.
Trump's shipping waiver does not boost oil flows within U.S.; fuel exports soar
Last month, Trump waived Jones Act limitations for 60 days starting March 17, hoping the move would help tame the surge in fuel prices caused by the Iran war by increasing shipments from the U.S. Gulf Coast to other coastal markets in the country.
India's Reliance buys Venezuelan oil directly from PDVSA
Since Caracas signed a flagship oil supply deal with Washington after the U.S. capture of President Nicolas Maduro in January, only a small group of companies have been able to buy cargoes directly from PDVSA.
Japan to boost intermediate chemical imports amid tighter naphtha supply
About 40% of domestic naphtha consumption is met by domestic production, with another 40% sourced from the Middle East and 20% from other regions, but the war in the Middle East has made imports from that region difficult.
Five EU countries call for windfall tax on energy companies
Such a measure could help fund relief for consumers in the face of high energy prices and be a signal that "we stand united and are able to take action", they said.
Nigeria's Dangote refinery boosts exports to ease Africa's supply crunch
Fuel prices in oil-producing Nigeria have reached record-high levels, industry figures show, as maximum output from Dangote refinery has not offset the impact of high crude prices.
- From corn fields to cargo ships, ethanol gains early traction as marine fuel 6/12
- Indonesia raises price of widely used fuel by 32%, adds to cost-of-living concerns 6/12
- Technip Energies, Safran, Airbus, Tereos to form green jet fuel venture in France 6/12
- Saipem awarded €900-MM gas compression plant project in Saudi Arabia 6/12
- Trans Mountain pipeline in Canada hits full capacity two years after upgrade 6/12
- MB Energy and Zaffra sign MoU to advance commercialization of eSAF in Europe 6/12
