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Economics

Indonesia must jump ethanol feedstock hurdle to repeat biodiesel success

Indonesia, the world's biggest palm oil biodiesel user, is now working to introduce bioethanol mandates for gasoline to further cut fuel imports and carbon emissions, but it will first have to secure more bio feedstock and solve thorny technical problems.

Singapore imports of Russian naphtha surge as EU ban shifts flows

Singapore's imports of Russian naphtha nearly tripled in the first quarter of 2023, government data showed, after the European Union banned oil products imports from Russia.

Neste, ITOCHU and Fuji Oil supply sustainable aviation fuel to All Nippon Airways and Japan Airlines

Neste, ITOCHU Corporation and Fuji Oil Company collaborated to supply sustainable aviation fuel, which was locally-blended with conventional jet fuel, to the Japanese market.

LPG-fueled LPG carrier "Captain Markos" delivered

Kawasaki Heavy Industries, Ltd. announced it has delivered the 84,000 m3 capacity LPG carrier CAPTAIN MARKOS. This is the 70th LPG carrier built by the company.

Brooge Energy announces completion of technical study for green ammonia plant

Brooge Energy Ltd announced that the technical study of its green hydrogen and green ammonia plant conducted by thyssenkrupp Uhde has been completed and delivered.

Neste to start production at Singapore renewables fuels expansion in 'weeks'

Finnish biofuel producer Neste plans to start commercial production at its renewable fuels expansion project in Singapore in the coming weeks after trial runs.

HIF Global and Idemitsu Kosan announce carbon neutral eFuels strategic cooperation

HIF Global, the world’s leading eFuels company, and energy company Idemitsu Kosan today announced a strategic cooperation agreement to accelerate the production of carbon neutral eFuels.

Borouge enters into agreement to expand footprint in East Africa

Borouge Plc, a leading petrochemical company that provides innovative and differentiated polyolefin solutions, has entered into a Distribution Agreement with one of the biggest polyolefin distributors in East Africa, Somochem.

Canada's Alberta to contribute to CCUS after Ottawa commitments

Canada's province of Alberta is expected to offer more support for carbon capture utilization and storage projects now that the federal government has its incentives in place.

Exxon says its decarbonization business could outgrow oil, in multi-trillion market

Exxon Mobil Corp's Low Carbon business has the potential to generate hundreds of billions of dollars in revenue and outperform the company's traditional oil and gas as soon as a decade from now.