Economics
Nutrien to pause potash ramp up, ammonia project on falling prices
Nutrien decided to indefinitely pause its ramp-up plans for potash production and halt work on its clean ammonia project at Geismar, Louisiana, as the world's biggest fertilizer producer grapples with falling prices.
Phillips 66 plans to run refineries at mid-90% of combined capacity in Q3
Independent U.S. refiner Phillips 66 plans to run its refineries in the mid-90% range of their combined crude oil throughput capacity of 1.9 million bpd in the third quarter of 2023, Chief Financial Officer Kevin Mitchell said.
thyssenkrupp Uhde announces collaboration with SwitcH2 B.V. and BW Offsite for floating green ammonia plant
The consortium is developing an industrial scale floating green hydrogen and ammonia project, based on the proven concept of a floating production and offloading vessel.
INEOS and SINOPEC complete major petrochemicals deal in China
INEOS has completed the formation of a 50/50 joint venture with SINOPEC for the Tianjin Nangang Ethylene Project, announced in December 2022, which is currently under construction by SINOPEC and expected to be on-stream by April 2024.
Axens will provide Vegan Technology to Haike Chemicals for its SAF project in China
Shandong Haike Chemical Co. Ltd, a Chinese refining and petrochemical company, has selected Axens’ Vegan technology to produce low carbon, cost competitive sustainable aviation fuel by retrofitting its existing assets.
Biden administration split over ethanol's role in aviation fuel subsidy program
The Biden administration is divided over whether to grant a request from the U.S. biofuel industry that would make it easier for sustainable aviation fuel made from corn-based ethanol to qualify for subsidies under the White House's signature climate law.
Flag carrier Garuda Indonesia tests palm oil-blended jet fuel
Flag carrier Garuda Indonesia said it is testing jet fuel mixed with palm oil in the engines of one of its Boeing aircraft, amid efforts to cut emissions in the aviation sector.
Russia's seaborne diesel exports rise in July
Russia's seaborne diesel and gasoil exports in July rose by 5% from a month earlier to about 3.8 million metric tons as seasonal refineries maintenance slowed down.
Re-refining Plant by Sequoia operational in Galicia Spain
Intacta, PMA and Sequoia are pleased to announce successful startup of a vacuum distillation plant in Galicia, Spain. The plant is capable of processing fifty metric tons per day of waste lubricating oil and waste fuels.
BASF increases production capacity for medium-molecular weight polyisobutenes in Ludwigshafen, Germany
BASF will increase the production capacity for its medium-molecular weight polyisobutenes, marketed under the tradename OPPANOL B, at its site in Ludwigshafen, Germany, by 25%.
- SkyNRG starts construction on its first SAF plant in Delfzijl, the Netherlands 2/13
- India's Reliance wins U.S. license for Venezuelan oil 2/13
- Singapore light distillates stocks hit over 3-yr high on robust imports 2/13
- Three contractors injured at ExxonMobil facility in Beaumont, Texas (U.S.) 2/13
- China's epic renewables boom lifts it into rare clean capacity club 2/13
- TotalEnergies booked loss in France due to refining activities, CEO says 2/13
