Biofuels
Refiner Neste warns of weaker biofuel outlook, shares drop
Finnish refiner Neste on Wednesday cut the margin outlook for its biofuel business for the third time this year due to falling prices and also lowered its expected sales volumes, sending the company's share price down 10%.
AIDA Cruises tests further biofuels
In the port of Rotterdam yesterday, AIDA Cruises, one of Carnival Corp.'s world-class cruise lines, refueled its AIDAprima cruise ship for the first time using 100% renewable bio-marine fuel as part of a pilot project to evaluate the fuel performance in regular ship operations for potential for future use.
Gunvor growing Asia operations, expanding into LPG, naphtha, gasoline, aromatics, power
Global energy trader Gunvor Group is growing its Asia operations to expand in existing markets such as liquefied petroleum gas (LPG), naphtha, gasoline and aromatics as well as into new areas including power.
DNV awards Wallenius Wilhelmsen first B100 verification for biofuel insetting
DNV has awarded shipping and logistics company Wallenius Wilhelmsen its first biofuel insetting verification statement, recognizing the company’s use of B100 in a recent voyage.
Malaysia launches aviation decarbonization drive targeting net-zero emissions by 2050
Malaysia is targeting net-zero emissions in its aviation sector by 2050 through the launch of a decarbonization plan.
Oxylus Energy raises $4.5 MM seed round for clean fuel technology
Oxylus' solution is the first low-temperature and low-pressure conversion of carbon dioxide to green methanol. The methanol can be used as a drop-in fuel replacement or upgraded to jet fuel and other green petrochemicals.
South Korea plans mix of sustainable aviation fuel for international flights from 2027
South Korea aims to ensure all departing international flights use a mix of about 1% of sustainable aviation fuel (SAF) from 2027. The step aims to prepare for a carbon offset and reduction scheme that becomes mandatory for members of the International Civil Aviation Organization (ICAO) starting from that year.
U.S. imports of Chinese used cooking oil set for new record, future uncertain
U.S. imports of used cooking oil (UCO) from China are set to hit a record in the months ahead, even as regulatory uncertainty casts doubts over longer-term prospects of a trade that boomed last year.
Utilize a hydrogen reactions lab to optimize renewable fuels processing
Leading technology developers in the refining space are utilizing various catalysts to enhance the adjusted reaction chemistry, but this does not directly address how to optimize hydrogen utilization for the hydrodeoxygenation and isomerization/cracking processing steps. To ensure the right equipment outlay and calibration for these hydrogenation applications, replicating the process in a lab setting can help identify efficiencies and yield improvements for a fraction of the cost that a refiner would incur attempting to achieve that optimization through modifications at commercial scale.
Update: Indonesia to implement B40 palm oil biodiesel on Jan. 1, 2025
Indonesia plans to implement biodiesel with a mandatory 40% blend of palm oil-based fuel from Jan. 1 next year, lifting prices of the vegetable oil to a more than two-week high.
- 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
- hte conducts research for JGC to advance decarbonization by identifying suitable catalysts for ammonia cracking 6/26
- TES and CPC Finland to develop 500-MW e-NG project in Finland 6/26
