Europe
HyOrc and Start Lda form JV to launch national green methanol platform in Portugal
The project supports Europe’s transition away from fossil fuels and aligns with decarbonization goals in shipping and heavy industry.
Fatal accident at Mongstad refinery
The deceased was employed by Crane Norway, a supplier of crane and lifting services at Mongstad.
Summer diesel margins tighten with European supply shift
This summer, Europe’s increased reliance on imports from the Middle East, coupled with conflict-related disruptions to refineries and escalating geopolitical tensions, contributed to a tightened global diesel market.
INEOS Inovyn to mothball its chloromethane production facility in Tavaux, France
INEOS Inovyn announced that is has mothballed its chloromethane production facility in Tavaux, France. The decision reflects persistently weak market demand, regulatory challenges and increased operational and energy costs.
Update: SOCAR inks deal to buy oil refiner Italiana Petroli
People close to the matter had previously said that Italy's Brachetti Peretti family was seeking an enterprise value of around €2.5 B ($3 B) for the company, which holds some €500 MM in cash.
MOL Petrochemicals conducts first circular feedstock test at its Tiszaújváros site in Hungary
MOL Group has achieved a significant milestone in its SHAPE TOMORROW Strategy by successfully completing its first ISCC PLUS-certified production run using circular feedstock at its MOL Petrochemicals site in Tiszaújváros, Hungary.
Ukraine to curb Indian diesel imports amid Russian oil ties
Ukraine will restrict imports of diesel fuel originating in India, which purchases a significant portion of its crude oil from Russia starting October 1, Ukrainian energy consultancy Enkorr said.
EU brings forward review of 2035 zero-emissions vehicles target
The European Union has set a target of 100% reduction of CO2 emissions for new cars and vans by 2035, which has been taken to mean the end of the internal combustion engine for new vehicles.
EU may list independent Chinese refineries in new Russia sanctions package
The Commission may propose the new package as soon as Friday after an EU delegation returns from sanctions talks in Washington.
- Phillips 66 greenlights new gas plant and fractionator projects, advancing integrated wellhead-to-market strategy 5/18
- OXEA and Air Liquide renew syngas and hydrogen supply agreement for Oberhausen site 5/18
- BASF boosts refinery catalyst innovation with new R&D center in Attapulgus, Georgia (U.S.) 5/18
- Aster and Puraglobe sign MoU to bring world-leading re-refining technology to Asia 5/18
- U.S. oil refiners finally profit from biofuels due to mandates, high fuel prices 5/18
- China's April oil throughput hits lowest since August 2022, inventories rise 5/18
