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Economics

thyssenkrupp nucera to supply electrolyzers for ABEL Energy’s Bell green methanol project

ABEL Energy announced thyssenkrupp nucera as the preferred supplier of the 260MW of electrolyzers required for their flagship green methanol project in Bell Bay, Tasmania, Australia.

INEOS O&P UK announced a proposal to cease production of ethanol from its Grangemouth site

INEOS O&P UK announced a proposal to close the Ethanol Plant at Grangemouth in Q1 2025 and will start consultations in Grangemouth with its employees and the Trade Union about this proposal.

SAF costs must be lower, ExxonMobil VP says

Costs are the main obstacle to increasing the use of SAF said ExxonMobil Senior Vice President Jack Williams.

U.S. eases tailpipe rules, slows EV transition through 2030

The Biden administration slashed its target for U.S. electric vehicle adoption from 67% by 2032 to as little as 35% after industry and autoworker backlash in the political battleground state of Michigan.

PetroChina's Jieyang refinery to receive first Venezuelan oil cargo

PetroChina's Jieyang refinery will receive its first direct crude oil cargo from Venezuela, according to trade sources and ship tracking data on Kpler, after Washington temporarily lifted sanctions on the OPEC producer.

Brazil's Raizen scouting locations for SAF plant

Brazil's largest sugar-cane ethanol producer, Raizen, has explored locations in Brazil for an ethanol-based SAF plant, aiming to build the world's second ethanol-to-jet fuel plant.

Air New Zealand seeks innovators in global search for SAF

Air New Zealand has launched a global open invitation to innovators and start-ups in the SAF sector to become a supply partner to the airline. 

Infinium’s Project Pathfinder is world’s first fully operational eFuels facility

Electrofuels leader Infinium is now successfully operating the world’s first commercial scale facility making drop-in ready eFuels in Corpus Christi, Texas (U.S).

Yokogawa launches OpreX Robot Management Core

Yokogawa Electric Corporation announced the development and release of OpreX Robot Management Core, a software application in the OpreX Asset Management and Integrity family and will go on sale on March 22, 2024.

ITT invests $11 MM to enhance pump testing in Germany, India, and Saudi Arabia, aiding growth and large project ventures

ITT Inc. announced an approximately $11-MM investment to expand testing capabilities at three of its industrial process sites to enhance capacity for large project awards in its flow business, reinforcing the company’s commitment to an exceptional customer experience.