Europe
Finland's Neste tops earnings forecast on soaring SAF sales
Finnish biofuel maker and oil refiner Neste reported stronger than expected core earnings for the second quarter driven by soaring sales of sustainable aviation fuel (SAF), sending its shares rising.
Shell restarts hydrodesulphurization unit at Pernis oil refinery after unplanned outage
Shell has restarted a hydrodesulphurization unit at its 400,000 barrel per day Pernis oil refinery in Rotterdam after an unplanned outage on July 19.
Orlen's Unipetrol will start commissioning ethylene unit after power outage experienced earlier in July
The company expects full resumption of operations in the petrochemical part of the complex and simultaneous increase of production in the refinery section to standard levels by the beginning of next week.
Dow forecasts sales below estimates, slashes dividend as downturn takes a toll
Dow halved its dividend and forecast third-quarter revenue below analysts' expectations as the chemicals maker navigates a prolonged downturn in the industry, sending its shares down nearly 10% in premarket trading.
Sasol commits to next-generation catalyst supply for e-SAF pioneer INERATEC
Sasol Chemicals and German startup INERATEC have signed a Letter of Intent, committing to the supply of Sasol’s next generation catalyst as soon as the development cycle is completed in 2026.
Solvay reduces scope 3 emissions in soda ash and bicarbonate production in France
Solvay has taken a new step to reduce scope 3 greenhouse gas emissions by incorporating biogenic CO₂ - provided by Air Products - into its soda ash and bicarbonate production plant in Dombasle, France.
Update: Cancelled and postponed green hydrogen projects
Developers of green hydrogen have scaled back investments and scrapped projects globally as elevated production costs and weak demand for the low-carbon fuel have made many ventures unviable.
Second tanker to skip fuel loading at sanctions-hit Nayara refinery
Nayara Energy, in which Russia's largest oil producer Rosneft has a 49.13% stake, was hit in a fresh package of sanctions imposed on Friday by the European Union over Russia's war on Ukraine that began in February 2022.
Green hydrogen retreat poses threat to emissions targets
Green H2 developers are cancelling projects and trimming investments around the world, raising the prospect of longer than targeted reliance on fossil fuels.
Data and digital: TotalEnergies and Emerson sign a strategic collaboration to boost the value of industrial data
TotalEnergies and Emerson’s Aspen Technology business have announced a strategic collaboration to deploy advanced digital technologies for the continuous, real-time collection of data from TotalEnergies’ industrial sites.
- Chevron Phillips Chemical completes low-viscosity PAO expansion in Belgium 8/12
- AFPM: U.S. RFS proposal misses the mark on affordability, security by an ‘Iowa mile’ 8/12
- Sasol expects profit rebound on higher chemical prices and lower impairments 8/12
- Indonesia's Pertamina delivers first used cooking oil aviation fuel 8/12
- India's HMEL plans to shut refinery for 40-day maintenance, sources say 8/12
- Indian refiners using term deals as hedge against Russian supply risk 8/12
