Economics
Business Trends: Converting refineries to renewable fuels is no simple switch
Petroleum refineries around the globe are under pressure.
EU's candidate climate chief takes aim at fossil fuel subsidies
Former Dutch foreign minister Wopke Hoekstra, who is nominated to be the EU's new head of climate change policy, plans to act to phase out fossil fuel subsidies if he takes up the role.
LanzaTech announces collaboration with Dow to introduce bio-degradable cleaning solution
LanzaTech Global, Inc. has collaborated with Dow to introduce a new biodegradable surfactant to the home care market.
Nuberg EPC wins IOCL’s Propylene Purification Package with Skid Mounted Technology Deployment
Nuberg EPC, the global engineering, procurement and construction company, has been awarded the PPP contract by Indian Oil Corporation Ltd. for the design, engineering, manufacturing, supply and commissioning of a Propylene Purification Package at IOCL Panipat Refinery, Haryana, India.
Cuba warns of worsening blackouts as fuel crisis bites
Power blackouts in Cuba are expected to increase significantly due to a lack of fuel, officials warned in a nationwide TV broadcast, worsening the country's plight as it deals with food and medicine shortages.
Russia considers fuel export quotas to tackle high prices
Russia may introduce quotas on overseas fuel exports if a complete export ban imposed last week does not succeed in bringing down persistently high gasoline and diesel prices.
Ultra low-sulfur diesel loadings from Russia's Primorsk to fall in October
Ultra low-sulfur diesel loadings from the Russian Baltic Sea port of Primorsk are set to fall in October by 80% month on month on a daily basis to 210,000 metric tons from 1.08 Mmt scheduled for September.
INEOS announces the acquisition of the Eastman Texas City (U.S.) site for $500 MM
INEOS has announced it has reached an agreement with Eastman Chemical Company to purchase the Eastman Texas City site, including the 600kt Acetic Acid plant and all associated third party activities on the site, for circa $500 MM.
Mexico's Pemex struggles to boost oil refining in Aug as fuel imports rise
Crude oil processing at Mexico's six local refineries rose slightly in August, data from state-owned oil company Pemex showed, but the facilities are operating at barely half their capacity, forcing the country to import large volumes of fuel.
EU court imposes €32 MM euro fine on Britain for pleasure boat fuel
The European Union's Court of Justice imposed on Thursday a $33.6 MM fine on Britain, arguing the UK had failed to prohibit using marked fuel in private pleasure boats within a time limit set by the European Commission.
- thyssenkrupp Uhde completes pre-FEED for HAMR Energy’s renewable fuels project in Australia 8/21
- Europe distillates-diesel profit margins firm 8/21
- U.S.: Indiana's bp refinery restarts after severe flooding 8/21
- Berlin weighs trusteeship extension for Rosneft's German assets 8/21
- Trump administration to rule on biofuel exemption requests, delay reallocation decision 8/21
- TotalEnergies' Donges refinery fire extinguished 8/21
