Economics
Red Sea worries cause spike in refined fuel prices, but market will adjust
The main impact from the escalating tensions in the Middle East and the threat to ships transiting the Red Sea isn't on crude oil prices, but rather on the heightened vulnerability of refined fuels.
Linde starts up supply of captured CO2 to Celanese for methanol production
Linde announced that it has started supplying clean hydrogen and captured CO2 to Celanese for its production of methanol.
Cathay welcomes the launch of the Hong Kong Sustainable Aviation Fuel Coalition as co-initiator
Cathay further demonstrated today its steadfast commitment to contributing towards the decarbonization of the aviation industry and establishing itself as a sustainability leader as it proudly welcomed the successful launch of the Hong Kong Sustainable Aviation Fuel Coalition as its co-initiator.
Tanker with Russian diesel to discharge at the port of Venezuela
Sea Maverick with about 33,000 metric tons of ultra-low sulfur diesel loaded at the end of December 2023 at the Russian Baltic port of Primorsk is discharging at the El Palito port in Venezuela.
POET's U.S. Midwest ethanol plants to join Summit Carbon pipeline project
POET LLC, the world's largest ethanol producer, said it will partner with Summit Carbon Solutions to capture carbon dioxide emissions at 17 of POET's U.S. Midwest ethanol plants as part of Summit's multi-state pipeline project.
Fuel tanker is loaded at Novatek's Ust-Luga terminal
A tanker called Breeze is being loaded with fuel at Novatek's terminal at the Baltic Sea's port of Ust-Luga, where the company's fuel-producing complex was damaged earlier this month.
Russia's Novak says NORSI refinery repairs to take at least a month
Russian Deputy Prime Minister Alexander Novak said that repair work on Lukoil's NORSI oil refinery will take at least a month or a month and a half, in another setback for Russia's oil refining industry.
Baker Hughes achieves new hydrogen milestones to accelerate transition to hydrogen economy
Baker Hughes, an energy technology company, announced several milestones to support the growth of the hydrogen economy, as part of the company’s broader strategy in new energy.
BASF and Envision Energy enter a collaboration to drive sustainable energy solutions
BASF process catalysts announced a new collaboration with Envision Energy, a leading green technology provider of comprehensive net zero solutions.
Borouge 4 construction surpasses 50% completion milestone
Borouge announced that the Borouge 4 project, one of the largest industrial projects underway in the UAE, is over 50% complete.
- 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
