Diesel
Aether Fuels secures $34 MM to scale-up proprietay sustainable fuels technology
Aether Fuels announced that it has secured $34 MM in Series A financing from a syndicate of global investors. With this financing, Aether plans to accelerate the scale-up of Aether Aurora™, the company’s proprietary technology to create sustainable fuels for the aviation and ocean shipping industries.
Neste and OK Slurink provide Neste MY renewable diesel to Scylla’s 40 river cruise ships in the Netherlands
Neste and OK Slurink have joined forces with Scylla, a provider of river cruises, to supply Neste MY Renewable Diesel in the Netherlands for Scylla’s river cruise operations.
U.S. manufacturing output has flat-lined, dampening diesel use
U.S. manufacturing production has barely increased since before the pandemic, which explains why diesel consumption remains anaemic and has not rebounded in line with expectations at the start of the year.
Technip Energies awarded a significant contract for IOCL’s grassroots naphtha cracking unit at Paradip (India)
Technip Energies has been awarded a significant contract by Indian Oil Corporation Limited for the license, basic engineering design package, proprietary equipment and catalyst supply and related services for the 1.5-MMtpy Paradip naphtha cracker unit block of the grassroot petrochemical complex in Paradip, India.
Global Project Data
Spotlight on Asia
bp to acquire full ownership of bp Bunge Bioenergia while refocusing plans for new biofuels projects
bp has agreed to acquire Bunge’s 50% holding interest in its bp Bunge Bioenergia S.A. joint venture, one of Brazil’s leading biofuels-producing companies.
Holborn awards KT - Kinetics Technology EPC contract for HVO project in Germany
KT - Kinetics Technology (Integrated E&C Solutions), also leveraging the technological know-how of NEXTCHEM (Sustainable Technology Solutions), has been awarded by HOLBORN Europa Raffinerie GmbH (HOLBORN) an engineering, procurement and construction (EPC) project to develop an hydrotreated vegetable oil (HVO) complex inside the existing HOLBORN’s refinery in Hamburg, Germany.
U.S. oil refining capacity rises for second year in a row, reaching > 18.3 MMbpd
U.S. crude oil refining capacity rose 1.5% to 18.38 MMbpd this year, a government report showed on Friday as a major new expansion in Texas boosted capacity.
OMV to invest €750 MM at Petrobrazi to produce sustainable fuels
OMV Petrom will invest approximately €750 MM at Petrobrazi to transform the refinery into the first major producer of sustainable fuels in the region.
Malaysia begins diesel subsidy reforms, prices to rise by about 50% on Monday
Diesel fuel prices in much of Malaysia are set to rise by roughly 50% on Monday as the government begins shifting away from costly blanket subsidies to a targeted approach that mainly helps the needy.
- CLG and INA successfully produce SAF from biogenic feedstock 7/29
- HAMR Energy announces plans for Australia’s first major methanol-to-jet fuel facility 7/29
- Johnson Matthey’s tech enables successful start-up of the world’s largest single-train methanol plant 7/29
- Clariant and Shanghai Boiler partner to develop green methanol/ammonia and SAF projects in China 7/29
- China ramps up exports of refined fuels as margins rise 7/29
- Baker Hughes to acquire Chart Industries for $13.6 B 7/29
