Economics
The sustainable aviation fuel entrepreneurs poised for takeoff
Sustainable aviation fuel had a bumper year in 2022, with production soaring to at least 300 million liters, up 200% on the previous year, according to the International Air Transport Association.
India's May fuel consumption soars on robust manufacturing
India's fuel consumption surged in May with diesel sales scaling a record high, buoyed by strong factory activity in the third-largest oil consumer in the world.
Kent awarded three-year multi-site Master Services Agreement with TotalEnergies
Kent announces that it has been awarded a three-year Master Services Agreement with TotalEnergies for engineering services in the United States.
Axens builds on ExxonMobil MTBE Decomposition Tech for high purity isobutylene production
ExxonMobil Catalysts and Licensing LLC and Axens have signed an exclusive licensing alliance agreement allowing Axens to include ExxonMobil’s MTBE Decomposition Technology for high purity isobutylene in its portfolio.
thyssenkrupp Uhde awarded supply of new uhde ammonia converter cartridge including synthesis catalyst by İGSAŞ
thyssenkrupp Uhde and Johnson Matthey have been commissioned by İGSAŞ - İstanbul Gübre Sanayii A.Ş., Kocaeli to supply a solution to significantly reduce the pressure in the synthesis loop of an ammonia plant while maintaining the nameplate capacity of 1,200 mtpd.
Germany triggers EU investigation into Chinese biofuels
Germany has asked the European Commission to investigate the flow of allegedly fraudulent biofuels into the European Union, a spokesperson for the German Environment Ministry said, stepping up scrutiny on trade in the fuel that has rattled the industry.
Russian oil supplies to EU via southern Druzhba to rise 16% in June
Russia's piped supply of Urals crude to the European Union via the southern Druzhba pipeline in June is set to increase by 16% compared to May as EU refiners seek to secure more oil amid fears of disruptions in transit via Ukraine.
Aramco, ENI, United Airlines invest in UK-based low-carbon fuel venture
The venture units of oil firms Saudi Aramco and Italy's ENI have joined the world's largest passenger carrier United Airlines to invest in British start-up OXCCU's efforts to slash the prohibitively high cost of lower-carbon aviation fuel.
U.S. EPA to remove proposed EV volumes from biofuel blending rule
The Biden administration will abandon a proposal to include the electric vehicle industry in the U.S. biofuel blending program and withdraw potentially billions of dollars worth of tradable credits that had been attributed to the scheme.
BASF increases alkoxylates production capacity in Europe
BASF is gradually bringing additional alkoxylation capacity on stream in Antwerp, Belgium, and Ludwigshafen, Germany, from the second quarter of 2023.
- 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
