Americas
Colombia police seize $329 MM in property, bank accounts tied to stolen oil
Colombian police have seized property and bank accounts worth $329 MM, proceeds from the sale and export of stolen crude oil, officials said.
Obscure traders ship half Russia's oil exports to India, China after sanctions
A Liberian-flagged oil tanker set sail in May from Russia's Ust-Luga port carrying crude on behalf of a little-known trading company based in Hong Kong. Before the ship had even reached its destination in India, the cargo changed hands.
Calumet takes top reign as NA's largest SAF producer
Topsoe delivers its HydroFlex technology. Calumet serves markets in Canada and the US West Coast with low emission fuels.
U.S. crude, fuel stockpiles fell last week
Crude inventories fell by 600,000 barrels in the last week to 456.8 million barrels, compared with analysts' expectations for a 2.3 million-barrel drop.
Air bp SAF test complete and flight date set for November 2023
Virgin Atlantic and Rolls-Royce confirmed a successful sustainable aviation fuel blend ground test on the Rolls-Royce Trent 1000 engine, marking a key milestone in the project, with plans for the world's first 100% SAF flight from London Heathrow to New York JFK on a Boeing 787 scheduled for takeoff on 28 November 2023.
Refinery capacity increased slightly for the first time since the COVID-19 pandemic
U.S. refining capacity increased slightly for the first time since the COVID-19 pandemic, as of January 1, 2023, reversing two years of decline, according to our annual Refinery Capacity Report.
Gevo signs master services agreement with Mcdermott for sustainable aviation fuel facilities
Gevo, Inc. announced it entered into a Master Services Agreement with a subsidiary of McDermott International, Ltd to provide front end engineering and early planning services for Gevo’s development of multiple sustainable aviation fuel facilities in North America.
Braskem expands its biopolymer production by 30% following an investment of $87 MM
Braskem concluded a 30% increase in production capacity of its bio-based ethylene plant, located in the Petrochemical Complex of Triunfo, Rio Grande do Sul, Brazil.
U.S. distillate stocks fail to make summer recovery amid refinery outages
U.S. diesel, heating oil and jet fuel stockpiles have failed to recover from the 10-year lows hit last year when high prices caused the Biden administration to consider a ban on fuel exports, leaving the markets vulnerable to supply shocks when demand picks up toward the end of the summer.
Investment will further advance commercialization of renewable hydrogen and SAF from biomass and waste
RockCreek announced the closing of an investment in Raven SR, Inc., a company that produces high-value renewable transportation fuels from a variety of feedstocks, including waste streams, using a proprietary non-combustion process.
- Lloyd’s Register signs strategic collaboration with DAI Infrastruktur for green ammonia Project Ra 6/30
- Alleima expands product portfolio for the urea industry with SAF™ 2906 6/30
- Chiyoda, AVEVA forge strategic partnership to power plantOS with AVEVA CONNECT 6/27
- SABIC announces closure of Olefins 6 facility in Teesside, UK 6/27
- LyondellBasell's polyolefin technologies selected by SHCCIG Yulin for petrochemicals complex in China 6/27
- Damaged unit of Iran's South Pars refinery back operating 6/27
