http://www.hydrocarbonprocessing.com Hydrocarbon Processing https://hydrocarbonprocessing.com/news/2024/05/vertex-energy-pauses-renewable-diesel-output-to-switch-back-to-fossil-fuels-citing-macroeconomic-woes/ U.S. refiner Vertex Energy will pause renewable diesel production at its refinery in Mobile, Alabama, and convert it to produce fossil fuels instead, citing macroeconomic woes which might persist through next year. https://hydrocarbonprocessing.com/news/2024/05/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. https://hydrocarbonprocessing.com/news/2024/05/russias-refined-oil-product-exports-to-singapore-to-hit-highest-this-year-in-may/ Russia's exports of naphtha to Singapore are on track to rise to their highest level this year in May as Russian refineries recover from drone attacks, with the trend poised to continue as more capacity comes online. https://hydrocarbonprocessing.com/news/2024/05/shipping-major-and-gcmd-to-pilot-fame-vlsfo-marine-biofuel-bunker-fuel-in-singapore/ a Japanese shipping major and the Singapore-based Global Centre for Maritime Decarbonization will launch a six-month project for trialing marine biofuel for bunkering, consisting of 24% fatty acid methyl esters (FAME) and very-low-sulfur fuel oil (VLSFO) onboard a short-sea vehicle carrier that will call at multiple ports. https://hydrocarbonprocessing.com/news/2024/05/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. https://hydrocarbonprocessing.com/news/2024/05/world-energy-and-boston-consulting-group-sign-agreement-on-saf-certificates/ Boston Consulting Group today announced it has signed an agreement for the purchase of sustainable aviation fuel certificates with World Energy, the sustainable aviation fuel (SAF) producer and low-carbon solutions provider. https://hydrocarbonprocessing.com/news/2024/05/analysis-chandra-asri-purchase-of-shell-singapore-refinery-brings-scale-risk/ While Chandra Asra's deal to buy Shell's Singapore refinery will see it join the ranks of Southeast Asia's largest petrochemicals players, it is taking on the risk of running an aging facility in a highly competitive sector. https://hydrocarbonprocessing.com/news/2024/05/analysis-shells-singapore-refinery-sale-and-its-market-significance/ Oil giant Shell has agreed to sell its Bukom refinery in Singapore—one of the world's largest oil refining and trading centers—to a joint venture of Indonesian chemicals firm PT Chandra Asri and global trading house Glencore, culminating a process that began last year. https://hydrocarbonprocessing.com/news/2024/05/bp-profit-slides-by-40-as-refinery-outage-offsets-higher-output/ bp's 1Q earnings plunged by 40% to $2.7 B, missing forecasts after lower energy prices and a U.S. refinery outage offset increased oil and gas production. https://hydrocarbonprocessing.com/news/2024/05/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.