Economics
Baker Hughes announces milestone electric-LNG Award for ADNOC Ruwais LNG Export Terminal
Baker Hughes announced it has received a letter of award by ADNOC Gas, for and on behalf of ADNOC, to provide two electric liquefaction systems (e-LNG) for the Ruwais LNG project in the United Arab Emirates.
Repsol selects Honeywell Ecofining Technology for biofuel production in Spain
Honeywell announced today that Repsol has licensed Honeywell Ecofining technology to produce renewable fuels from feedstocks such as used cooking oil and waste animal fat at Repsol’s facility in Puertollano, Spain.
Carbon Recycling International and Jiangsu Sailboat start up world’s most efficient CO2-to-methanol plant
Carbon Recycling International and Jiangsu Sailboat have successfully started up one of the world's most efficient CO2-to-methanol plants and will recycle carbon dioxide and hydrogen waste streams from the wider petrochemical complex.
ADNOC to be first company in the Middle East to receive ISCC Certification to produce SAF
ADNOC announced its Ruwais Refinery has received International Sustainability Carbon Certification for the production of SAF, making it the first company in the Middle East to earn the distinction.
Malaysia mulls expansion of B10 biodiesel usage to industrial sector
Malaysia is considering expansion of its B10 biodiesel program, which requires the mandatory use of 10% palm oil, to the industrial sector.
Russia declines to say how long fuel export ban will last
Russia is setting no time frame for the fuel export ban it introduced last month, and it will remain in place as long as necessary to stabilize prices and address shortages on the domestic market.
Spain, IEA back Dutch call to phase out fossil fuel subsidies
Spain's energy minister and the head of the International Energy Agency backed the Netherlands' call for an international coalition to phase out fossil subsidies.
India increases windfall tax on petroleum crude, reduces tax on aviation turbine fuel and diesel
The Indian government increased windfall tax on petroleum crude, while reduced it on aviation turbine fuel and diesel, according to a government notification.
Automakers say they face $14 B in fines from Biden's 'unfeasible' fuel rules
The Biden administration proposal to hike fuel economy standards through 2032 is not feasible and could cost automakers a total of more than $14 B in fines.
Cnergyico imports Pakistan's first private-sector Russian crude cargo
Pakistan refiner Cnergyico has imported the country's first private-sector shipment of Russian crude oil as the cash-strapped nation takes advantage of Moscow's discounts on its oil exports.
- 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
