Economics
LanzaJet celebrates grand opening of Freedom Pines Fuels Plant, the world’s first ethanol to SAF production facility
LanzaJet, a leading sustainable fuels technology company and sustainable fuels producer, joined government officials, industry leaders, partners, and supporters to open LanzaJet Freedom Pines Fuels, the world’s first ethanol to SAF production facility.
Shell to shut down German oil refinery
Shell will shut down its oil refinery in Wesseling, Germany by 2025 and convert the site to produce lubricant feedstock as part of its drive to reduce its carbon emissions.
Russia may cut naphtha exports by third after fires
Russia will likely cut exports of naphtha by some 127,500 - 136,000 bpd, or around a third of its total exports, after fires disrupted operations at refineries on the Baltic and Black Seas.
Guinea plans to replace blast-hit oil terminal in 2024
Guinea is studying proposals to build a new oil terminal in the capital Conakry within the next six to 12 months following an explosion in December that severely damaged its main storage facility.
Brazil domestic ethanol sales soar amid high inventories
Sales of ethanol in the Brazilian market increased sharply in January according to industry data released with mills very active in the selling side as they are apparently running out of storage space due to a bumper crop.
New IMI electrolyzer boosts University of Sheffield’s development of SAF
The University of Sheffield has successfully bolstered its efforts to decarbonize the aviation industry by increasing its green hydrogen production capacity, following the successful commissioning of a new polymer electrolyte membrane electrolyzer.
Mabanaft and TUI Cruises sign MoU for the supply of methanol
Hamburg-based energy company Mabanaft has signed a Memorandum of Understanding with TUI Cruises, one of the leading cruise operators, to supply green methanol in the future.
Singapore fuel oil inventories slip on lower imports, higher bunker demand
Singapore onshore inventories of residual fuel oil slipped for a second straight week on lower imports, while more demand for marine bunkers also led to a drawdown.
Russian Black Sea oil refinery fire extinguished
A fire at a Rosneft-owned export-oriented oil refinery in the southern Russian town of Tuapse overnight has been extinguished.
India expects fuel demand to grow 2.7% in the next fiscal year
India's fuel consumption is expected to rise 2.7% in the next fiscal year beginning on April 1, initial government estimates showed.
- YPF, Eni and XRG sign joint development agreement advancing 12-MMtpy Argentina LNG project 2/12
- Maire launches new technology to produce PTMEG, the key polymer composing the spandex fiber. 2/12
- Verde Clean Fuels announces suspension of development of Permian Basin gas-to-gasoline project 2/12
- Nigeria's Dangote refinery says crude unit and petrol block running at capacity in tests 2/12
- Russia to send crude oil and fuel to Cuba soon, Izvestia reports 2/12
- Vietnam's largest refinery to operate at 120%–125% of designed capacity in Q1 2/12
