Economics
New investment strengthens Johnson Matthey’s position in the fluid catalytic cracking additives market
Johnson Matthey announced a multi-million-dollar investment in the fluid catalytic cracking additives space to enhance its innovation capabilities and strengthen its position in this market.
Russian domestic fuel supply up in March
The Russian energy ministry said that domestic gasoline and diesel daily supplies have increased by 13,000 metric tons and 15,500 tons respectively in March so far from February.
PetroChina's 2023 net income up 8.3% on strong fuel, gas sales
PetroChina's net profit rose 8.3% last year off record levels in 2022, as strong growth in natural gas sales and its marketing segment offset lower realized oil prices.
Safety study demonstrates the need for new safety rules for methanol-fueled vessels
A new fire safety study by global Survival Technology solutions provider Survitec has revealed that existing firefighting methods used to extinguish machinery space spray and pool fires on conventionally fueled vessels are inadequate when dealing with methanol-based fires.
thyssenkrupp nucera to supply electrolyzers for ABEL Energy’s Bell green methanol project
ABEL Energy announced thyssenkrupp nucera as the preferred supplier of the 260MW of electrolyzers required for their flagship green methanol project in Bell Bay, Tasmania, Australia.
INEOS O&P UK announced a proposal to cease production of ethanol from its Grangemouth site
INEOS O&P UK announced a proposal to close the Ethanol Plant at Grangemouth in Q1 2025 and will start consultations in Grangemouth with its employees and the Trade Union about this proposal.
SAF costs must be lower, ExxonMobil VP says
Costs are the main obstacle to increasing the use of SAF said ExxonMobil Senior Vice President Jack Williams.
U.S. eases tailpipe rules, slows EV transition through 2030
The Biden administration slashed its target for U.S. electric vehicle adoption from 67% by 2032 to as little as 35% after industry and autoworker backlash in the political battleground state of Michigan.
PetroChina's Jieyang refinery to receive first Venezuelan oil cargo
PetroChina's Jieyang refinery will receive its first direct crude oil cargo from Venezuela, according to trade sources and ship tracking data on Kpler, after Washington temporarily lifted sanctions on the OPEC producer.
Brazil's Raizen scouting locations for SAF plant
Brazil's largest sugar-cane ethanol producer, Raizen, has explored locations in Brazil for an ethanol-based SAF plant, aiming to build the world's second ethanol-to-jet fuel plant.
- Meridian Energy Group’s Davis Refinery Project in North Dakota (U.S.) will be the world’s first net-zero carbon refinery 4/17
- Lummus expands R&D capabilities to enhance innovation and water and wastewater technologies 4/17
- Niger plans to build diesel refinery and increase supplies to Mali 4/17
- BASF, SABIC, and Linde celebrate the start-up of the world's first large-scale electrically heated steam cracking furnace 4/17
- U.S. crude stocks rise, gasoline, distillate inventories fall 4/17
- Russia's offline primary oil refining capacity revised up for April 4/17
