Economics
Ulstein Verft AS orders methanol-ready MAN 175D engines
Ulstein Verft AS, the Norwegian yard, has ordered 2 × 3 × MAN 12V175D-MEV methanol-ready engines in connection with the building of two Commissioning Service Operation Vessels for Bernhard Schulte Offshore, the offshore unit of international shipping corporation, Schulte Group.
Agreement to develop methanol solution for MAN four-stroke portfolio
MAN Energy Solutions has announced an agreement with Alfa Laval, the Swedish industrial concern, to develop a methanol fuel-supply solution for MAN four-stroke engines and its fuel-injection technology.
LOT Polish Airlines and SkyNRG partner for SAF offtake
LOT Polish Airlines and SkyNRG have joined forces to advance the aviation industry's sustainability efforts.
India will buy Venezuelan oil, says minister
India will buy Venezuelan oil as some refiners in the country have the capability to process heavy crude oil.
Fortescue gets €200 MM for Norway green ammonia plant
Australia's Fortescue said it received €200 MM from the European Union for its Holmaneset Project, a flagship green ammonia plant in Norway.
The Biden administration backs ethanol industry on low-emission aviation fuel tax credits
The Biden administration said it will recognize a methodology favored by the ethanol industry in guidance to companies looking to claim tax credits for SAF, a pivotal win for the politically powerful U.S. corn lobby.
Shell to sell Schwedt refinery stake to UK's Prax Group
Shell said it had agreed to sell its 37.5% stake in the PCK Schwedt oil refinery, which supplies most of Berlin's fuel, to Britain's Prax Group, attempting to draw a line under its co-ownership of an asset majority-owned by Russia's Rosneft.
Saras awards NextChem an engineering design study for the first green synthetic fuels pilot plant in Italy
MAIRE announces that NEXTCHEM, through its subsidiary NextChem Tech, has signed an agreement with Saras S.p.A for an engineering design study to accelerate the path towards decarbonization of Saras’ refinery in Sarroch, Sardinia.
The Biden administration poised to deliver win for ethanol makers on SAF credits
The Biden administration is expected this week to recognize a soon-to-be-updated methodology favored by the ethanol industry in guidance to companies looking to claim tax credits for SAF.
CITGO Corpus Christi Refinery (U.S.) earns third Energy Star certification
For the third time in four years, the CITGO Corpus Christi Refinery has earned the U.S. Environmental Protection Agency's ENERGY STAR certification, distinguishing the plant as a leader in energy and environmental management in the petroleum industry.
- Consortium launches study to create a consolidated hub for recycled plastics 5/22
- Eni strengthens its global LNG strategy with long-term supply agreements in Indonesia 5/22
- Breakthrough shows how electricity could replace heat to turn CO₂ into useful chemicals 5/22
- bp's Whiting Refinery offers revised proposal to union in ongoing talks 5/22
- Plains oil pipeline partly shut down after rupture in East Los Angeles (U.S.), could disrupt supplies to refineries 5/22
- Vitol moves to open Mexico fuel terminal years after bribery scandal 5/22
