Economics
X-Press Feeders plans to use green methanol for ships in Europe in Q2 2024
Singapore-based container shipper X-Press Feeders plans to use green methanol bunker to fuel part of its fleet in Europe in the second quarter of 2024.
Solvay and ENOWA plan to build first carbon-neutral soda ash plant in NEOM before 2030
Solvay is partnering with ENOWA, NEOM’s energy and water company, to establish the world’s first carbon-neutral soda ash production facility in NEOM, Saudi Arabia.
Phillips 66 announces 2024 capital program
Phillips 66 announced a 2024 capital budget of $2.2 B, including $923 MM for sustaining capital and $1.3 B for growth capital.
Neste partners with Coleman Oil Company to make renewable diesel more widely available in Washington State (U.S.)
Neste has partnered with Coleman Oil Company to enable cities and businesses to have easier access to Neste MY Renewable Diesel in the state of Washington in the U.S.
OQ signs nine agreements to establish $88-MM industrial projects in the Ladayn Polymer Park in Suhar
OQ Refineries and Petrochemical Industries, a subsidiary of OQ, the global integrated energy group, signed nine investment agreements with a total worth of approximately $88 MM to establish industrial projects in the Ladayn Polymer Park in Suhar Industrial City.
New Renewable Fuel Standard volume targets facilitate renewable natural gas production
The U.S. Environmental Protection Agency announced a final rule that established biofuel volume requirements and standards for cellulosic biofuel for 2023–25 as part of the Renewable Fuel Standard program.
South Africa picks Russia's Gazprombank as PetroSA refinery partner
South African national oil company PetroSA is confident it will not fall foul of Western sanctions after choosing Russia's Gazprombank Africa as preferred investment partner to restart their refinery at Mossel Bay.
China Shipbuilding’s and Lemissoler’s first methanol-fueled Ultramax bulk carrier receives ABS approval
ABS issued an approval in principle to Lemissoler Navigation for its design of a 65K DWT methanol-fueled Ultramax bulk carrier, the first such methanol vessel for China’s shipbuilding industry.
RTX's Pratt & Whitney Canada and Leonardo achieve first 100% SAF flight with AW139 helicopter
Pratt & Whitney Canada and Leonardo today announced the successful completion of the first flight for an AW139 helicopter powered by the PT6C-67C engine using 100% SAF.
Maersk to deploy first large methanol-enabled vessel on Asia - Europe trade lane
Maersk is about to launch the first of its 18 large methanol-enabled vessels currently on order. On 9 February 2024, it will enter service on the AE7 string connecting Asia and Europe, which includes port calls in Shanghai, Tanjung Pelepas, Colombo and Hamburg, with Ningbo, China, being its first destination.
- Sumitomo Chemical achieves scale-up of its process for producing propylene directly from ethanol 8/20
- EcoCortec, Jakob Schober GmbH awarded sustainability award for closed-loop circular films solution 8/20
- Czech refinery outage forces Orlen Unipetrol to seek state help to meet diesel demand 8/20
- China’s Sinopec Shanghai Petrochemical first half profit slides 8/20
- Vioneo awards Lummus polypropylene contract for world's first industrial scale fossil-free plastics from green methanol facility 8/19
- Research: Developing an energy-saving, carbon-capturing method for making ethylene glycol 8/19
