Americas
Biofuels are displacing petroleum-based distillate fuel oil consumption on the West Coast
Last year, U.S. West Coast distillate consumption, as measured by product supplied, was at its lowest since 2002 and is on track to fall further this year.
Fertilizer company OCI bets big on climate-friendly ammonia
Without a single sales contract in hand, Dutch fertilizer company OCI is building a $1-B plant in Texas to produce ammonia with low greenhouse gas emissions, a gamble requiring heavy government subsidies, new markets and a contingency plan.
Oil prices up 2% to 6-week high on supply concerns
Oil prices climbed about 2% to a six-week high as supply concerns outweighed fears that further interest rate hikes could slow economic growth and reduce demand for oil.
U.S. crude, gasoline inventories fall more than expected
U.S. crude stocks drew more than expected on strong refining demand, while gasoline inventories posted a large draw after an increase in driving last week, the Energy Information Administration said.
Venezuela's PDVSA freezes petcoke deliveries to Maroil amid contract dispute
Venezuela's state-run oil company PDVSA has suspended deliveries of petroleum coke to a company owned by a Venezuelan shipping magnate amid a commercial dispute over a sales contract, two sources with knowledge of the decision said.
bp expands investment in bioenergy, collaborating with U.S. biofuels developer WasteFuel
bp expanded its investment in bioenergy today as bp ventures committed $10 MM, leading the Series B investment round, in WasteFuel, a California-based biofuels company that will use proven, scalable technologies to convert bio-based municipal and agricultural waste into lower carbon fuels, such as bio-methanol.
Bunge, Chevron acquire Argentina's Chacraservicios to meet renewable diesel demand
Grains merchant Bunge and oil major Chevron said they have acquired Argentina-based agricultural product company Chacraservicios, as the companies look to expand their renewable energy footprint.
Topsoe technology supports HF Sinclair’s renewable fuels production in the United States
Topsoe was selected by HF Sinclair as a technology provider for their production of renewable fuels at three facilities: Sinclair, Cheyenne and Artesia.
MAN Energy Solutions and Shell join forces to drive decarbonization solutions
MAN Energy Solutions and Shell have agreed a Memorandum of Understanding to explore the potential of combining their individual competencies and technologies to achieve their climate goals and support their customers in their decarbonization efforts.
Editorial Comment: Advancing catalyst technologies and a focus on plant optimization/efficiency
For nearly 100 yr, catalysts have been used within the processing industries.
- OCI Global completes $1.9-B sale of OCI Methanol to Methanex Corporation 6/30
- Partnership for sustainability: Pekutherm and POLYVANTIS launch circular economy initiative 6/30
- 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
- UK's Lindsey oil refinery insolvent, 420 jobs at risk 6/30
- Turkey to set SAF mandates for airlines, suppliers 6/30
