Economics
Neste to supply SAF to Air New Zealand at Los Angeles International Airport
Neste and Air New Zealand have signed an agreement for the supply of nine million liters of neat Neste MY Sustainable Aviation Fuel.
China's Sinopec completes successful trial of crude to olefin technology
China's Sinopec Corp said it completed a successful trial processing crude oil directly into olefin, making the top Asian refiner one of the world's few companies that have applied the technology at an industrial scale.
Prada Group announces first investment in SAF credits in partnership with DHL Global Forwarding
Prada Group announces its first investment in SAF credits, utilizing DHL Global Forwarding’s GoGreen Plus service.
JX to join forces with Sumitomo at large scale SAF project in Louisiana (U.S.)
JX Nippon Oil & Gas Exploration Corporation and Sumitomo Corporation executed consortium agreements to manage investment in the Louisiana Green Fuels BECCS project at Port of Columbia, Caldwell Parish, Louisiana (U.S.).
ClassNK awards approval in principle for methanol fuel supply system developed by Mitsui E&S Shipbuilding
ClassNK reviewed Mitsubishi Shipbuilding's system conceptual design based on part A of its "Guidelines for Ships Using Alternative Fuels," integrating IMO Interim Guidelines, and issued the AiP upon confirming compliance with prescribed requirements.
Astrid Maersk arrives in Shanghai for first green methanol bunkering in China
Maersk achieved a milestone as the large methanol-enabled vessel “Astrid Maersk” berths at Yangshan port in Shanghai, for the first green methanol bunkering with simultaneous cargo and bunkering operations in China.
Maersk names second vessel of its large methanol-enabled fleet “Astrid Maersk” in Japan
In a ceremony held in Yokohama, Japan today, the world's second large methanol-enabled container vessel was named "Astrid Mærsk".
Singapore fuel oil stockpiles extend slide to five-week low
Singapore's onshore fuel oil stockpiles extended declines to a five-week low, although inventory levels continued to average higher compared to last month.
UAE's ADNOC recently eyed bp as takeover target, sources say
The United Arab Emirates' state-owned oil company recently considered buying Britain's bp but the deliberations did not progress beyond preliminary discussions.
Russian oil and products trapped on tankers hit by new Iran-related sanctions
Russian oil and products have become trapped at sea on four tankers after the U.S. hit the vessels with fresh Iran-related sanctions
- Sumitomo Chemical achieves scale-up of its process for producing propylene directly from ethanol 8/20
- EcoCortec, Jakob Schober GmbH awarded sustainability award for closed-loop circular films solution 8/20
- Sanctions-hit Indian refiner Nayara turns to ‘dark fleet’ 8/20
- EIA: Crude and gasoline inventories fall, distillates rise 8/20
- Czech refinery outage forces Orlen Unipetrol to seek state help to meet diesel demand 8/20
- China’s Sinopec Shanghai Petrochemical first half profit slides 8/20
