Economics
Repsol to invest more than $130 MM to retrofit plant to produce biofuels
Spanish oil company Repsol will invest more than $132.95 MM to retrofit a decades-old diesel plant to produce second-generation biofuels.
Calumet takes top reign as NA's largest SAF producer
Topsoe delivers its HydroFlex technology. Calumet serves markets in Canada and the US West Coast with low emission fuels.
ENGIE teams up with CMA CGM and Air France-KLM for an industrial-scale renewable fuel platform in Le Havre
As part of the "Grand Canal du Havre" call for projects, through the conclusion of state titles, HAROPA PORT has awarded ENGIE 24 ha of land for the development of a benchmark platform for alternative new industrial fuels embodied by the Salamandre and France KerEAUzen projects.
U.S. crude, fuel stockpiles fell last week
Crude inventories fell by 600,000 barrels in the last week to 456.8 million barrels, compared with analysts' expectations for a 2.3 million-barrel drop.
China hugely boosts crude stockpiling on cheap Russian oil
China boosted its stockpiling of crude oil to the highest level in three years in June, taking advantage of cheap Russian crude to bolster inventories and add flexibility to future import requirements.
Russia reports fuel spill in Northern Dvina river
An oil products spill in the Northern Dvina river in Russia's Arkhangelsk region has resulted in a large oil slick on the water surface, the head of environment watchdog Rosprirodnadzor said.
Neste welcomes a new distributor to sell Neste MY Renewable Diesel in the Danish market
Neste is partnering with Biofuel Express to sell Neste MY Renewable Diesel in Denmark. Biofuel Express will distribute and sell Neste MY Renewable Diesel, while Neste will ensure sufficient volumes of the fuel.
Air bp SAF test complete and flight date set for November 2023
Virgin Atlantic and Rolls-Royce confirmed a successful sustainable aviation fuel blend ground test on the Rolls-Royce Trent 1000 engine, marking a key milestone in the project, with plans for the world's first 100% SAF flight from London Heathrow to New York JFK on a Boeing 787 scheduled for takeoff on 28 November 2023.
Dioxycle raises $17 MM to help develop green ethylene
French-U.S. climate tech start-up Dioxycle said it has raised $17 MM in funding to help develop sustainable ethylene from recycled carbon emissions.
Refinery capacity increased slightly for the first time since the COVID-19 pandemic
U.S. refining capacity increased slightly for the first time since the COVID-19 pandemic, as of January 1, 2023, reversing two years of decline, according to our annual Refinery Capacity Report.
- 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
