Europe
Diesel East-West price spread nears 1.5-yr high amid supply concerns West, stable East
The front-month diesel East-West price spread hit its widest in 1.5 yr of slightly more than $73 per tonne (t) at Asia market close, LSEG data showed on Monday, underscoring supply concerns in the West and steady Asian fundamentals.
EcoCeres secures SAF contract with British Airways to help reduce carbon emissions
This strategic partnership is expected to help the UK’s flagship carrier reduce lifecycle carbon emissions of approximately 400,000 metric tons, compared with use of the same volume of conventional jet fuel.
Valmet to deliver Valmet DNA DCS to a bio-based process plant in Portugal
Valmet will deliver a Valmet DNA distributed control system to a bio-based process plant in Portugal. The order was placed by Valmet’s new Value Added Reseller (VAR) partner Tecnilab AV Portugal S.A.
Northeast Asia sends the most jet fuel to Europe in nearly a year in June
Traders shipped the most jet fuel from Northeast Asia to Europe in almost a year in June as lower freight rates and ample Asian supplies spurred exports, amid fears of a Middle East supply disruption.
Russian seaborne diesel exports fall in June due to maintenance
Russia's seaborne diesel and gasoil exports fell in June by 6% on a monthly basis to about 3.35 MMt as production volumes fell due to refinery maintenance.
BASF closes purchase of DOMO Chemicals’ shares in Alsachimie JV
BASF has finalized the purchase of DOMO Chemicals’ 49% share in the Alsachimie JV, making the company the sole owner of the production entity for essential polyamide 6.6 precursors in Chalampé, France.
deugro completes another equipment shipment for INEOS' Project One project in Belgium
As part of its ongoing deliveries for INEOS Project One—one of the most energy-efficient and raw-material-efficient olefin complexes in Europe— deugro successfully completed yet another shipment from the UAE and Oman to the Port of Antwerp, Belgium.
Partnership for sustainability: Pekutherm and POLYVANTIS launch circular economy initiative
Pekutherm and POLYVANTIS have launched a joint take-back and recycling program for PLEXIGLAS® production waste, aiming to systematically return acrylic to the materials cycle.
UK's Lindsey oil refinery insolvent, 420 jobs at risk
Britain's Lindsey oil refinery has begun insolvency proceedings, putting hundreds of jobs at risk and potentially increasing the country's reliance on fuel imports just weeks after its Grangemouth refinery stopped processing oil.
Turkey to set SAF mandates for airlines, suppliers
Turkey will set mandates for airlines and jet fuel suppliers to boost uptake of sustainable aviation fuel (SAF) with a goal of reducing aviation emissions by 5% by 2030.
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