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Economics

Ryanair to take additional 500 tons SAF from OMV in 2024

Following Ryanair’s purchase of 500 tons of SAF from OMV in October last, the airline has announced that it will take an additional 500 tons of SAF from OMV in 2024.

Oil prices nearly flat as market weighs Chinese demand, North America supply increase

Oil prices were little changed as markets weighed new economic data from China against increasing supply from the Western Hemisphere.

India's Hydrogen Ambitions: Powering the Future with Green Fuel

India has launched the ambitious National Green Hydrogen Mission in January 2023, aiming to become a global leader in the production, utilization, and export of this clean fuel.

Tecnimont awarded new petrochemical contract by Sonatrach in Algeria worth $1.1 B

Maire announced that its subsidiary Tecnimont has been awarded by Sonatrach through a tendering process an EPCC contract for a new linear alkyl benzene plant in the industrial zone of Skikda, located 350 km east of Algeria.

At least two injured in Iran's Aftab refinery incident, no deaths, state media says

At least two people were injured in an incident during a maintenance operation at the Aftab oil refinery in Iran's Bandar Abbas, Iranian state media outlets reported, citing the operating company

Ethanol's dwindling discount to gasoline could slow U.S. biofuel demand

Ethanol's smallest discount to gasoline in seven months could reduce demand for U.S. biofuels and make higher ethanol blends such as E85 less profitable.

Malaysia to monitor changes in EU curbs on palm biofuel after WTO ruling

Malaysia said it will closely monitor how the EU responds to a WTO ruling that supported the bloc's stance that biofuels causing deforestation cannot be regarded as renewables, but sought changes in how it implemented that decision.

Saudi Aramco, UAE's ADNOC in talks to invest in U.S. LNG projects

Gulf oil giants Saudi Aramco and Abu Dhabi National Oil Company are in talks to invest in U.S. LNG projects, as they step up competition with oil majors and regional rival Qatar in the booming super-chilled gas market.

BASF Monomers achieves a key sustainability milestone: certified sustainable products now globally accessible

With its MDI production site in Geismar, Louisiana, (U.S.) joining the ranks of ISCC PLUS and REDcert2-certified locations, BASF can now offer its customers regionally produced ISCC PLUS and/or REDcert2 certified isocyanates and polyamides all over the world.

Linde Engineering to supply ASU and nitrogen wash unit to Australia’s largest urea plant

Linde Engineering has signed a contract for the engineering and procurement of an air separation unit and a nitrogen wash unit for a urea plant in Karratha, Western Australia.