Environment
U.S. to finalize 2026 biofuel quotas by early March, drop import penalties
If finalized, the plan would mark a partial compromise between rival oil and farm industry groups by preserving increased blending targets sought by biofuel producers while dropping a proposal that U.S. refiners had warned would disrupt fuel markets and raise costs.
Update: Indonesia scraps plan to introduce B50 biodiesel this year, will raise palm oil export levy
Indonesia had planned to launch the B50 grade - a blend of 50% palm oil-based biodiesel and 50% conventional diesel - in the second half of this year.
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Construction Boxscore: Project Spotlight
Project:
Long Son Petrochemicals Complex
Location:
Long Son, Vietnam
Operator:
Siam Cement Group
Cost:
$5.4 B
Capacity:
1.65 MMtpy
Completion date:
2023
Status:
Under Construction
