Economics
Emerging Fuels Technology awarded technology licensing contract for seawater CO2-to-SAF conversion plant
Emerging Fuels Technology's proprietary technology platform will be used on Sea Dragon Energy's demonstration plant that will convert CO2 extracted from seawater into synthetic jet fuel (sustainable aviation fuel).
Fortescue Energy CEO says green H2 cost is key as demand drops
Replacing fossil fuels with green hydrogen (H2) depends on creating demand by making it price competitive, as buyers are unwilling to pay "green premiums," Fortescue Energy CEO Mark Hutchinson said in Davos at the World Economic Forum.
U.S. crude stockpiles hit near 3-yr low despite softer refinery demand
U.S. crude oil inventories slipped to their lowest level since March 2022 last week, even as refining activity fell sharply, cutting demand for crude.
Australia's Ampol expects lower annual earnings on Lytton refinery snags
Australia's Ampol estimated a steep drop in annual earnings on Thursday as production at its Lytton refinery in Queensland was hit by operational constraints and lower refining margins.
European glut weighs on global gasoline margins
Gasoline stocks in Europe have hit a record high as exports dropped due to higher refinery runs in the U.S. and Nigeria, resulting in gasoline profit margins at European and U.S. oil refineries falling to a 15-month low in January.
India's BPCL sees March Russian oil intake down 20% as it awaits offers
India's state-run refiner Bharat Petroleum Corp. sees its Russian oil processing down to 20% in March from 31% this month as it awaits offers from traders.
Digital Exclusive (sponsored): Improve efficiency via centralized data and advanced collaboration
This article will detail how companies can use digital solutions to transform their engineering and data management by seamlessly integrating real-time data across the entire asset lifecycle, enabling faster, more accurate decision-making to improve efficiency, increase safety, minimize downtime and enhance profitability.
Topsoe to provide technology to Chuangui Lingang New Energy's 300,000-tpy SAF/renewable diesel plant in China
Chuangui New Energy company will use Topsoe’s licensing and engineering design services and technologies, including its HydroFlex® technology, proprietary equipment and catalysts enabling production of SAF and renewable diesel starting from used cooking oil.
South Korea's GS Caltex plans Yeosu refinery maintenance in late February
The maintenance at its 330,000-bpd crude distillation unit is expected to last for around 30 days
Decarbonization pathway for net-zero by 2050: Carbon neutrality roadmap strategy for an integrated refinery and petrochemical facility
This article quantifies GHG emissions from various sources, such as fired heaters and boilers, within refinery and petrochemical operations. Based on these quantified emissions, a tailored carbon neutrality roadmap is developed, incorporating carbon reduction, mitigation and offsetting strategies.
- OXEA confirms final investment decision for major capacity expansion at plant 7/10
- TotalEnergies ships to Asia the first cargo produced by the ECA LNG plant 7/10
- ADNOC L&S expands LNG fleet with order for four new carriers 7/10
- India's ONGC plans to build 13-MMbbl national strategic oil reserve 7/10
- Russian refineries, oil terminal, tankers hit, Ukraine says 7/10
- Tajikistan says it has 60 days' fuel in reserve amid Russian supply crunch 7/10
