Biofuels
Finland's Neste misses first-quarter earnings estimates, warns of market volatility
Finland's Neste on Friday posted weaker than expected first-quarter operating earnings and said forecasting both biofuels and oil sales margins will continue to be difficult owing to market volatility.
US ethanol industry expands focus to lower-carbon aviation sector
The U.S. ethanol industry is lobbying the Biden administration to ensure lower-carbon aviation fuel made from ethanol will qualify for subsidies under the Inflation Reduction Act, arguing such provisions are crucial to meeting U.S. climate goals.
Japan's Cosmo to keep current refining capacity at least until 2030
Cosmo Energy Holdings Co Ltd plans to keep the current refining capacity at least until 2030 despite an expected fall in gasoline demand in Japan due to aging population and higher sales of electric vehicles.
Jet2 invests in sustainable fuel plant as airlines seek to meet 2030 targets
Britain's Jet2 said it has invested in a sustainable aviation fuel production plant in northern England, as airlines jostle to secure supplies of the green fuel ahead of 2030 targets.
EU agrees binding green fuel targets for aviation
The European Union has agreed a deal to set binding targets for airlines in Europe to increase their use of sustainable aviation fuels, in an attempt to kickstart a market for green fuels and start curbing the aviation sector's carbon footprint.
HIF Global receives environmental permit authorizing, construction and operation at first U.S. eFuels facility
HIF Global announced receipt of the Texas Commission on Environmental Quality Air Quality Permit authorizing the construction and operation of the HIF Matagorda eFuels facility in Matagorda County, Texas.
Raven SR and Cap Clean Energy to collaborate on Canadian SAF and renewable diesel projects
Raven SR Inc. and Cap Clean Energy Corp. announced they have signed a memorandum of understanding to co-develop biofuels facilities in Canada to produce sustainable aviation fuel and renewable diesel for the heavy-duty transport sector.
Neste and Viva Aerobus sign purchase agreement for 1 MMl of sustainable aviation fuel
Neste and Viva Aerobus have signed a new purchase agreement for 1 MMl of Neste MY Sustainable Aviation Fuel.
Delta, Shell Aviation SAF agreement to fuel LAX hub and accelerate aviation decarbonization
Delta will purchase up to 10 MMg of neat SAF from Shell Aviation over a two-year period for use at its hub at Los Angeles International Airport.
Turkey top destination for Russian diesel after EU embargo
Turkey remains the top destination for Russian diesel exports after an embargo on shipments to Europe forced traders to divert supplies to Asia, Africa, the Middle East and ship-to-ship loadings.
- Petrobras delivers LPG sold at steep premiums despite Lula move to annul auction 4/3
- Plug Power to supply 275-MW GenEco electrolyzer system for Hy2gen’s Courant decarbonized ammonium nitrate project 4/3
- Vietnam refinery boosting jet fuel production 4/3
- China plans to upgrade some petrochemical plants, phase out others by 2029 4/3
- Morocco has diesel stocks for 51 days, energy ministry says 4/3
- Nigeria's Seplat Energy hit by strike amid push for higher output 4/3
