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U.S.

Higher refinery costs could increase summer gasoline prices says US EIA

Average monthly prices for regular-grade retail gasoline in the U.S. could increase by more than $0.10/gal if refinery output is lower than expected, according to an analysis published by the U.S. Energy Information Administration (EIA).

Motion enters into agreement to purchase electrical/automation company Allied Circuits

Motion Industries Inc., a leading distributor of maintenance, repair and operation replacement parts, and a premier provider of industrial technology solutions, signed a definitive purchase agreement to acquire Allied Circuits, an electrical and automation firm.

US appeals court upholds biofuel blending mandates for 2020-2022

A U.S. appeals court upheld a rule from President Joe Biden's administration that set the amount of biofuels that oil refiners were required to blend into the nation's fuel mix from 2020 through 2022, rejecting a challenge by oil refiners to the mandates.

SunGas Renewables, C2X partner to expand green methanol production capacity in North America

SunGas Renewables Inc. and C2X LLC announced a strategic partnership with the aim to develop, own and operate multiple green methanol production facilities in North America to increase the supply of sustainable fuels and advance global decarbonization of hard to abate industries. 

HIF Global secures nearly $165-MM in investments to develop eFuels

HIF Global announced a combined investment from existing shareholders and the Japanese energy company Idemitsu Kosan, securing $164 MM to fund its eFuels projects.

Ethylene downcycle puts nearly 25% of capacity at risk of closure

A series of unprecedented challenges to the global ethylene industry means that as much as 24% of global capacity is now under some threat of permanent closure according to new research by Wood Mackenzie.

KBR awarded digital solutions contract by OCI in Texas

KBR has been awarded a contract by OCI Global (OCI) to design and deploy its proprietary operator training simulator for OCI’s 3,000-metric tpd Texas Blue Clean Ammonia facility.

Signature Aviation to offer only blended Neste MY SAF for business aviation customers at LAX terminal

Enabled by its partnership with Neste, Signature Aviation, which operates the world’s largest network of business aviation terminals, is now providing only blended Neste MY Sustainable Aviation Fuel™ to all aircraft refueling at its terminal at Los Angeles International Airport (LAX).

U.S. renewable diesel glut hits refiners' margins

A rush by U.S. fuel makers to recalibrate their plants to produce renewable diesel has created a supply glut for low-emissions biofuels, hammering profit margins for refiners and threatening to impede a young industry.

NextDecade plans to take FID on LNG train 4 in 2H of this year

In the company's Q1 business update, NextDecade's Chairman and Chief Executive Officer, Matt Schatzman, provided an update on the company's LNG terminal project in south Texas (U.S.).