Refining
Neste has been granted energy investment aid for its green hydrogen project at the Porvoo refinery
The Ministry of Economic Affairs and Employment in Finland granted Neste an energy investment aid of EUR 1.96 MM for heat recovery from the green hydrogen production being planned for the Porvoo refinery.
Sri Lanka to ok Sinopec's $4.5-B refinery proposal
Sri Lanka will likely approve on Monday a proposal from Chinese state refiner Sinopec to build a $4.5-B refinery, the South Asian Island nation's energy minister said on Saturday.
BASF shares rise on report ADNOC exploring Wintershall Dea deal
Shares in chemicals giant BASF rose after a report that ADNOC is exploring an acquisition of the German group's energy business Wintershall Dea.
UN-led talks weigh goal to reduce aviation emissions
A UN-led conference in Dubai is weighing goals to reduce carbon emissions from international aviation through less polluting fuel, as a rebound in traffic thrusts airlines back into the conversation over carbon emissions.
Neste to introduce solar power to its Porvoo refinery
Neste has signed a purchase agreement for solar power supply to its Porvoo refinery in Finland with the renewable energy company CPC Finland Oy.
China oil demand growth poised to slow to around 4% in H1 2024
China's oil demand growth likely to ease in H1 2024 to around 4% with resurgent consumption from the aviation and petrochemical sectors offset by weaker diesel usage.
Scotland's Grangemouth refinery faces closure
PetroIneos is preparing to shut down its Grangemouth oil refinery in Scotland to convert it into a fuels import terminal as it faces growing international competition.
US court rejects EPA's decision to withhold small refinery biofuel waivers
A U.S. appeals court on Wednesday struck down the Biden administration's decision to deny small refiners "hardship waivers" that exempt them from nation's biofuel mandates, in a win for the refining industry.
U.S. gasoline prices decline amid lower gasoline demand and falling crude oil prices
The retail price of regular gasoline averaged $3.29/gal across the U.S., 10% less than the same time last year.
Neste to distribute renewable diesel in France
Neste is partnering with two new distributors in France to make Neste MY Renewable Diesel™ available for the first time in the market, starting in January 2024.
- India receives fuel oil cargo in Russian SCF tanker after brief halt 4/26
- Biden administration (U.S.) to release SAF tax credit model 4/26
- Boeing, Wagner advance Australia’s SAF Industry 4/26
- S-Oil expects Q2 refining margins to remain steady then trend upward 4/26
- Vitol to charter supertankers from U.S. to Nigeria's Dangote refinery 4/26
- Refiner Valero beats profit estimates on resilient demand, tight supplies 4/26
