Americas
Shell pivots back to oil to win over investors
Shell will keep oil output steady or slightly higher into 2030 as part of CEO Wael Sawan's efforts to regain investor confidence as the energy giant wrestles with poor returns from renewables while oil and gas profits are booming, company sources said.
New York lawmakers weigh clean fuel standard as legislative session ends
New York lawmakers are considering legislation that would create the first market for low-carbon fuels on the U.S. East Coast in order to help the state reach its decarbonization goals.
EPA's proposed eRIN program raises concerns and sparks legislative action
The Environmental Protection Agency is facing criticism over its proposed eRIN program, which could transform the renewable fuel standard and provide undue subsidies for electric vehicles at the expense of biofuels.
Valtek Valdisk High Performance Butterfly Valve, completes million-cycle test
Flowserve Corporation announced its Valtek Valdisk high-performance butterfly valve is licensor-approved for use in pressure swing adsorption applications.
The sustainable aviation fuel entrepreneurs poised for takeoff
Sustainable aviation fuel had a bumper year in 2022, with production soaring to at least 300 million liters, up 200% on the previous year, according to the International Air Transport Association.
Kent awarded three-year multi-site Master Services Agreement with TotalEnergies
Kent announces that it has been awarded a three-year Master Services Agreement with TotalEnergies for engineering services in the United States.
Axens builds on ExxonMobil MTBE Decomposition Tech for high purity isobutylene production
ExxonMobil Catalysts and Licensing LLC and Axens have signed an exclusive licensing alliance agreement allowing Axens to include ExxonMobil’s MTBE Decomposition Technology for high purity isobutylene in its portfolio.
U.S. EPA to remove proposed EV volumes from biofuel blending rule
The Biden administration will abandon a proposal to include the electric vehicle industry in the U.S. biofuel blending program and withdraw potentially billions of dollars worth of tradable credits that had been attributed to the scheme.
Airlines urge co-operation to help curb emissions
Airlines called for co-operation on a broad front to reach "very tough" emission targets and pledged at the end of a three-day summit to release interim climate targets next year.
U.S. diesel demand is falling despite economic growth
U.S. diesel demand will drop through 2024 despite growing economic activity, extending a recent break from tradition where demand for the freight fuel grows with GDP, the Energy Information Administration forecast.
- INEOS to cease phenol production at German site, cites high European energy costs and CO2 tax policy 6/17
- Petrobras signs $892 MM in contracts to complete RNEST Train 2 refinery expansion 6/17
- China's May refinery throughput at 9-month low on plant overhauls (1) 6/17
- bp completes turnaround work at 250,000-bpd refinery in Washington (U.S.) 6/17
- Japan's Eneos restarts 77,000-bpd Kawasaki CDU after unplanned shutdown 6/17
- UPM Biochemicals receives triple sustainability certification for the Leuna biorefinery 6/17
