Economics
Saudi Aramco in talks to buy 10% stake in Chinese refiner Yulong Petrochemical
Saudi Aramco is in talks to buy a 10% stake in Shandong Yulong Petrochemical Co in a deal that would further boost the state oil giant's investments in China.
Singapore middle distillates stocks drop after 3 weeks amid strong jet fuel exports
Singapore's middle distillates stocks fell for the first time in three weeks, tracking robust net exports of jet fuel/kerosene though a dip in net exports of gasoil limited overall draws
The SAF Grand Challenge
The SAF Grand Challenge is the result of DOE, DOT, and USDA launching a government-wide Memorandum of Understanding that will attempt to reduce the cost, enhance the sustainability, and expand the production and use of SAF.
Glander International Bunkering completes first biofuel supply for Asphalt tanker
Glander International Bunkering successfully supplied 347MT of B24 FAME / FO blend to MT BITU ATLANTIC, a 50805DWT asphalt tanker for Rubis Group.
Yokogawa joins Avelia’s blockchain-powered SAF purchasing program
Yokogawa Electric Corporation announces it has become the first industrial automation customer headquartered in Asia to join Avelia, a blockchain book-and-claim platform for SAF.
China's Hengli Petrochemical wins license to supply bunker in Zhoushan
A subsidiary of Hengli Petrochemical, China's privately controlled refiner and petrochemical producer, has won a license to supply bonded marine fuel in Zhoushan, the country's bunker hub.
Sinopec NZRCC selects Lummus' polypropylene technology for large-scale plant in China
Lummus Technology announced a contract from Sinopec Ningbo Zhenhai Refining & Chemical Co. Ltd. to license Lummus' Novolen technology for a new 500 ktpa polypropylene plant in Ningbo, China.
Global diesel prices soften as inventories edge upward
Global distillate fuel oil inventories remain much lower than normal for the time of year but there are signs they are no longer falling which has eased some of the upward pressure on prices.
India wants Saudi Aramco to develop strategic petroleum reserve as ties strengthen
India wants Saudi Arabia's Aramco to participate in its planned 6.5 Mmt strategic petroleum reserve program as the South Asian nation wants to strengthen ties with its key oil supplier.
Mexico's Pemex expects to boost refining to 1.16 M bpd this year
Mexican state-owned oil company Pemex expects to process 1.16 million barrels of crude oil per day by the end of 2023, a goal which would represent significant growth from current refining levels.
- Transition Industries signs agreements for the Pacifico Mexinol Project, an ultra-low carbon chemical production facility 7/3
- Bangkok Airways introduces SAF on commercial flights 7/3
- EcoCeres secures SAF contract with British Airways to help reduce carbon emissions 7/3
- Air Liquide to invest up to $200 MM in Louisiana, U.S. to support industrial growth 7/3
- MOL completes the acquisition of LBC Tank Terminals 7/3
- BHP awards charter contracts for two ammonia dual-fueled vessels 7/3
