Economics
Sasol and Topsoe to form a future business to accelerate global SAF production
Sasol and Topsoe have signed a landmark agreement to establish a 50/50 joint venture solidifying their commitment to produce sustainable aviation fuels and contribute to global efforts in combating climate change.
MAIRE awarded new contract in IE&CS and STS business units
MAIRE S.p.A. announces that its Integrated E&C Solutions and Sustainable Technology Solutions subsidiaries have been awarded new contracts for an overall value of approximately $260 MM by international clients.
Aviation emissions targets in focus at Paris Airshow
Big deals at this week's Paris Airshow have highlighted a sharp recovery in air travel demand. The sector promises to reduce net emissions to zero by 2050. Green groups say more planes in the sky could hamper those efforts.
Palm falls for second day on smaller-than-expected US biofuel mandate
Malaysian palm oil futures fell for a second day following news of a U.S. plan to implement a smaller biofuel mandate than it had initially proposed.
U.S. EPA finalizes biofuels blending mandates
The Biden administration has increased the amount of biofuels that oil refiners must blend into the nation's fuel mix over the next three years, but the plan includes lower mandates for corn-based ethanol than it has initially proposed, the administration announced.
Oil extends declines on China growth woes, firmer dollar
Oil prices weakened, extending falls to a third straight day, as the dollar strengthened on a U.S. housing market recovery while fears persisted that monetary stimulus may not be enough to revive growth in China.
U.S. boosts biofuel mandates over next 3 years, but biofuel groups feel shortchanged
The Biden administration increased the amount of biofuels that oil refiners must blend into the nation's fuel mix over the next three years, but the plan has angered the biofuel industry, which says mandates for corn-based ethanol and biodiesel are not high enough.
China's May fuel oil imports ease after hitting highest in a decade
China's fuel oil imports dipped in May after hitting a decade-high in April, while exports of low-sulfur marine fuels rose, General Administration of Customs data showed.
Oil falls on mixed Chinese demand picture
Oil prices fell in choppy trading as a clouded oil demand outlook outweighed the potential boost from a cut to China's benchmark lending rates.
Canada retools inflation baskets, more focus on food, gas prices
Canada's national statistics agency revealed new weights for the basket of goods and services in its Consumer Price Index, giving more prominence to changes in the prices of food and gasoline.
- CNOOC completes construction on $2.9-B, 1.8-MMtpy integrated complex in east China 8/22
- bp's Whiting refinery (U.S.) continues to flare days after severe thunderstorm 8/22
- Bachmann introduces latest version M-Target for Simulink 8/22
- U.S. to rule on biofuel waivers, but big oil refiners may need to wait 8/22
- Chinese independent refiner Hongrun buys Canadian, Brazilian crude 8/22
- Ukrainian attack suspends Russian oil flows to Hungary, Slovakia 8/22
