Carbon Management

Dow Chemical delays construction on multi-billion-dollar Path2Zero project in Fort Saskatchewan, Alberta, Canada

After a reported Q1 loss, Dow Chemical plans to launch an action plan to further reduce spending and deliver $6 B in cash support. The plan includes delaying construction on the company's multi-billion-dollar Path2Zero project in Alberta, Canada.

Eckero Line to use Neste renewable diesel for commercial maritime transport

Neste and Finnish company Eckerö Line, which operates ferry services between Helsinki and Tallinn, are continuing their collaboration to reduce maritime emissions. Eckerö Line provides freight and passenger services on the Baltic Sea and is the first company in Finland to adopt Neste MY Renewable Diesel™ for commercial maritime transport.

California (U.S.) governor drives out refiners then pleads for reliable fuel supplies

California (U.S.) Governor Gavin Newsom has directed state officials to step up efforts to guarantee reliable fuel supplies for the nation's biggest auto market, prompting oil companies to blame state policies for difficult business conditions and high pump prices.

UK, Eni agree to go ahead with Liverpool Bay carbon capture project

The British government and Italian energy group Eni ENI.MI have reached an agreement for the launch of the Liverpool Bay carbon capture and storage (CCS) project, opening the way to the construction phase for the initiative.

TotalEnergies to boost SAF and hydrogen production at Antwerp

Mexico exports first ULSD cargo from Olmeca refinery amid infrastructure woes

Mexico exported the first cargo of ultra-low sulfur diesel (ULSD) reprocessed in its new Olmeca refinery in early April, as infrastructure to transport the much-needed motor fuel across the country is not ready.

Fidelis' AtmosClear signs agreement with Microsoft for high-quality carbon removal from project in Louisiana (U.S.)

AtmosClear BR LLC, a portfolio company of Fidelis, has signed a contract with Microsoft for 6.75 MM tonnes (t) of engineered carbon removal over 15 yr from bioenergy carbon capture and storage (BECCS).

OQ, Royal Vopak partner to accelerate development of Duqm as an integrated industrial hub

OQ, spearheading the development of Duqm in Oman as a premier integrated hub for hydrocarbons, chemicals, and low-carbon products, and Royal Vopak entered into an exclusive partnership framework agreement in the Special Economic Zone at Duqm (SEZAD). This is a significant step for a strategic alliance that aims to unlock future growth opportunities in industrial and energy terminal infrastructure and sustainable energy transition facilities in SEZAD. 

UN shipping agency strikes deal on fuel emissions, CO2 fees

Countries at the U.N. shipping agency struck a deal on a global fuel emissions standard for the maritime sector that will impose an emissions fee on ships that breach it and reward vessels burning cleaner fuels.

Fortescue, CMB.TECH sign agreement for ammonia-powered ore carrier

CMB.TECH NV has signed an agreement with Fortescue to charter a new ammonia-powered vessel.  This emphasizes the commitment of both companies to decarbonize the shipping industry.