Environment & Safety
NEXT Renewable Fuels to go public in $666 MM SPAC deal
NEXT Renewable Fuels Inc said on Monday it would go public in a blank-check deal that values the combined company at $666 MM, amid soaring demand for renewable diesel and sustainable aviation fuel.
Vopak and PETRONAS sign MoU to explore opportunities in CCS
Vopak and Petroliam Nasional Berhad (PETRONAS) signed an MoU for the development of the value chain for CCS in the Southeast Asia region.
Neste to acquire used cooking oil collection and aggregation business from Crimson Renewable Energy
The transaction includes shares in SeQuential Environmental Services, LLC, and Pure, LLC, as well as a UCO processing plant in Salem, Oregon.
U.S. aims for zero-emissions heavy-duty vehicles by 2040
The United States aims to only sell and produce zero-emissions medium- and heavy-duty vehicles like school buses and tractor trailers by 2040, the U.S. energy secretary agreed at the COP27 climate summit in Egypt.
St. Croix refinery cannot restart without new permit, air pollution tech
The refinery was sold for $62 MM in December 2021 to West Indies Petroleum and Port Hamilton Refining and Transportation, following the bankruptcy of its former private equity owners.
John Crane joins the Aiming for Zero methane emissions initiative
Incubated by the OGCI and its member companies, the Aiming for Zero Methane Emissions Initiative was launched in early 2022 to rethink how the oil and gas industry approaches methane emissions and its harmful effects on the environment.
Neste, Brightlands Venture Partners, 4 Impact VC and Asahi Kasei invests EUR 11 MM into startup Circularise
Neste, Brightlands Venture Partners, 4 Impact VC and Asahi Kasei announce a combined EUR 11 MM investment into Netherlands-based startup Circularise.
U.S., Japan and partners mobilize $20 B to move Indonesia away from coal
A coalition of countries will mobilize $20 B of public and private finance to help Indonesia shut coal power plants and bring forward the sector's peak emissions date by seven years to 2030.
Freeport LNG provides summary of root cause failure analysis report on June 8 incident
Freeport LNG is today providing the results of an independent, third-party root cause failure analysis (RCFA) report on the June 8, 2022 incident that occurred at its liquefaction facility.
COP27: India lays out plan for long-term decarbonization
India will prioritize a phased transition to cleaner fuels and slashing household consumption to achieve net zero emissions by 2070, according to a national report released Monday at the United Nations COP27 climate summit in Egypt.
- Borouge, Borealis, CFF and PMS join forces to study polyolefin recycling ecosystem in Indonesia 2/10
- bp's Gelsenkirchen refinery attracts buyer's interest from Klesch 2/10
- Fire at Baiji refinery contained, Iraq's Somo says 2/10
- Hengli Petrochemical sets up Dubai trading subsidiary in expansion 2/10
- Canadian airlines suspend Cuba flights as island set to run out of jet fuel 2/10
- Idemitsu Kosan plans maintenance at Keihin refinery in April 2/10
