U.S.
Citgo Petroleum reports Q1 profit of $410 MM
Oil refiner Citgo Petroleum reported its first quarter net fell 56% to $410 MM, from $937 MM in the same period a year ago.
SAFFiRE Renewables biofuel pilot plant to be developed in Kansas
On its path to opening a facility designed to turn agriculture residue into a scalable biofuel business, SAFFiRE Renewables, LLC plans to break ground on its pilot plant near Liberal, Kansas, in late 2024.
Diesel profit margins decline amid lower demand, more capacity
Profit margins for diesel are slumping as new refineries boost supplies and as mild weather in the northern hemisphere and slow economic activity eat into demand, putting oil prices under further downward pressure.
Seasonal U.S. fuel demand hits pandemic lows, weighs on refining margins
U.S. gasoline and diesel demand are at their weakest seasonal level since the 2020 coronavirus pandemic, data from the Energy Information Administration (EIA) showed on Wednesday, pushing refiners' margins to multi-month lows.
bp’s Cherry Point refinery turns feedstock into renewable diesel fuel. Here’s how.
bp is boosting biofuels production to 50,000 bpd globally by 2025. Here, bp provides insight into the company's Cherry Point refinery, in Washington state (U.S.), and the facility's co-processing techniques.
Heavy oil shortages are driving up refiners' cost
Mexican export cuts and a rerouting of Canadian output are shrinking already limited supplies of heavy crude in the Atlantic basin, driving up refiners' costs with a likely knock-on effect to industries ranging from shipping and construction to Middle Eastern power plants.
Brightmark plans $1-B investment in Georgia to convert plastic waste into the materials to make new plastic
California-based Brightmark has announced plans to invest nearly $1 B in Middle Georgia to build a factory that will take used plastic and turn it into the building blocks to make new plastics, while diverting hundreds of thousands of tons of waste each year from landfills.
Clariant introduces new solutions to reduce the environmental impact of plastics
Clariant is launching AddWorks PPA, a perfluoralkyl substances-free polymer processing aid product line, and AddWorks PKG 158, a highly efficient antioxidant solution with outstanding color protection, especially designed for polyolefins containing recycled material
Bia Energy Operating Co. announces significant developments for low-carbon methanol project at the Port of Caddo-Bossier in Northwest Louisiana
Bia Energy Operating Co. has announced significant project updates for its low-carbon methanol production facility at the 4,000-acre Port of Caddo-Bossier industrial multimodal facility in northwest Louisiana.
U.S. admin sets path for ethanol aviation fuel subsidies
The Biden administration (U.S.) has unveiled guidance for its sustainable aviation fuel (SAF) subsidy program, allowing corn-based ethanol to qualify if sourced from farms using climate-friendly techniques.
- E.ON selects Capsol for carbon capture feasibility study in Norrköping 6/15
- Kent awarded construction management services contract in Angola 6/15
- China sets sights on heavy truck electrification in blow to diesel demand 6/15
- Fragile Iran deal offers oil relief, but Hormuz risks remain 6/15
- U.S. refiners can still absorb more Venezuelan oil, Energy Secretary Wright says 6/15
- Britain says full import ban on Russian diesel, jet fuel will happen by 2027 6/15
