Economics
Uganda to announce oil refinery bid winner next month
Uganda expects to announce the winning bidder among four groups competing for a new 60,000 bpd oil refinery next month.
Arcadia eFuels taps plug power for 280 MW electrolyzer system for SAF production
Arcadia eFuels has selected Plug Power Inc., a comprehensive provider of turnkey hydrogen solutions for the global green hydrogen economy, to provide a 280 MW proton exchange membrane electrolyzer system to Arcadia’s Vordingborg plant for the production of SAF.
SAF reduces carbon footprint for MRI scanner delivery
In mid-July, the department received a Siemens MAGNETOM Sola 1.5T MRI system, delivered from Germany to our China Basin Landing site in San Francisco using a combination of SAF and short road transportation for an optimal mix of speed and sustainability.
Diesel is subsidizing other fuels in Asia, but beware China
The profit for turning a barrel of crude oil into refined fuels in Asia has slipped to the lowest in three months, even though the margin on diesel remains elevated.
Raizen, Wartsila to research use of ethanol in maritime transportation
Raizen, the world's largest producer of sugarcane ethanol, and Wartsila, a leader in maritime transportation propulsion, will cooperate in a research program to test ethanol as a fuel option for vessels.
Saudi Aramco CEO: COP28 should focus on cutting fossil fuel emissions, not output
The chief executive of oil giant Saudi Aramco, said on Tuesday this year's COP28 U.N. climate conference should focus on cutting emissions from hydrocarbons, rather than reducing their production.
China's Sinopec signs equity agreement for Kazakh polyethylene project
China's Sinopec has signed an equity agreement with Kazakh state-owned oil and gas firm KazMunayGas JSC for a 30% stake in a planned polyethylene project in Kazakhstan.
Russian seaborne diesel exports fell by 20% in early October
Russia's seaborne diesel and gasoil exports fell by 20% to about 1.1 million metric tons in the first 15 days of October from the same period in September due to ongoing seasonal maintenance of refineries and a fuel export ban.
Automakers blast U.S. plan to hike fuel efficiency rules
A group representing General Motors, Toyota Motor, Volkswagen and nearly all other major automakers sharply criticized the Biden administration proposal to drastically hike fuel efficiency requirements.
Pemex shuts large CDU at Deer Park, Texas (U.S.) refinery
Pemex shut down the 270,000 barrel-per-day crude distillation unit at its Deer Park, Texas, refinery on Monday because a process line ruptured.
- INEOS to invest €250 MM in Lavera cracker modernization project in France 11/19
- BASF adds ISCC EU certification to certified biomass-balanced methanol portfolio 11/19
- Siam Cement to invest an additional $500 MM in Long Son chemical complex 11/19
- LanzaJet produces first jet fuel from ethanol at a commercial scale 11/19
- Ducor Petrochemicals, Blue Circle Olefins partner to create a fully circular supply chain for polypropylene 11/18
- World's first: Air Liquide’s innovative technology converts ammonia into hydrogen at industrial scale 11/18
