U.S.
Alpek will cease operations at its PET facility in North Carolina (U.S.)
Alpek, S.A.B. de C.V. has announced the strategic decision to cease operations at its Cedar Creek facility in Fayetteville, North Carolina (U.S.) by July 31, 2025. The site, acquired by Alpek in 2001, has an installed capacity of 170,000 t of PET resin and approximately 35,000 t of rPET flake production.
U.S. Senate Republicans propose eliminating fuel economy fines for automakers
U.S. Senate Republicans on Thursday proposed eliminating fines for failures to meet Corporate Average Fuel Economy rules as part of a wide-ranging tax bill - the latest move aimed at making it easier for automakers to build gas-powered vehicles.
EIA: U.S. crude stockpiles fall, fuel builds as refiners hike output
U.S. crude oil stockpiles fell last week as oil refiners ramped up production with the start of the summer driving season, while fuel inventories rose amid weaker demand, data from the U.S. Energy Information Administration (EIA) showed on Wednesday.
Global oil refiners see short-term boost from higher margins
Refiners across the globe are reaping unexpected profits from producing key fuels in recent weeks, offering an ailing sector respite before an anticipated weakening later this year, as plant closures have tightened fuel supply needed to meet peak summer demand.
Trump administration (U.S.) axes $3.7-B in green energy projects
The U.S. has axed awards to 24 green energy projects issued during U.S. President Joe Biden's administration that totaled more than $3.7 billion, the Energy Department said. These include projects from ExxonMobil, Heidelberg Materials and Eastman Chemical
U.S. ethanol output eases off record pace as summer travels heat up
Record volumes of U.S. ethanol have been churned out since late last year, largely due to an uptick in exports and steady domestic demand. But output has slipped from those record levels over the last couple of weeks, coinciding with the ramp-up of the summer driving season.
ABS approves first of its kind LCO2 barge for U.S. operation
ABS has awarded approval in principle (AIP) to Overseas Shipholding Group Inc. (OSG), the parent company of Aptamus Carbon Solutions, for its preliminary design of a liquefied carbon dioxide (LCO2) barge.
U.S. administration considers plan to clear record backlog of small refinery biofuel waivers
The White House (U.S.) is weighing a plan to clear a record backlog of requests from small refineries for exemptions from U.S. biofuel laws, which could include approving many current applications and requesting industry input to deal with older ones.
U.S. ethane exports to China hit new roadblock with license requirement
Chinese purchases of U.S. ethane, a key petrochemical feedstock, face fresh uncertainty after the U.S. Commerce Department told exporters to seek licenses to export to China
Asia jet fuel exports to U.S. West Coast to hit 1-year high in May
Asia's jet fuel exports to the U.S. West Coast (USWC) are expected to hit at least a one-year high in May, according to shiptracking data and three trade sources, as refinery outages in California boosted prices and import demand.
- 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
