Economics
OMV to supply Air France-KLM with 2,000 mt of SAF this year
OMV the integrated energy, fuels & feedstock and chemicals & materials company headquartered in Vienna announced that it has signed an offtake agreement to supply 2,000 metric tons of SAF to the Air France-KLM Group in 2023.
The Airbus A321XLR test aircraft successfully completed its ‘early passenger flight’ demo powered with 30% SAF
the A321XLR successfully completed its ‘early passenger flight’ demonstration with 167 employees acting as passengers and was powered with 30% SAF, demonstrating action towards achieving the sector’s emissions reduction goals including in Airbus flight test activities.
Nigeria's NNPC now sole petrol importer
Nigeria's national oil firm NNPC Ltd has again become the sole importer of petrol because licensed local private firms are unable to obtain foreign currency four months after imports were opened up to private players.
India's September fuel demand slips 2% month-on-month
India's fuel consumption dropped 2% month-on-month in September, data from the Petroleum Planning and Analysis Cell of the oil ministry showed.
OPEC leaders make case for fossil fuels at Riyadh climate event
OPEC heavyweights said oil and gas should not be stigmatized in the climate debate and that the industry had a role to play in an orderly energy transition.
CPChem, QatarEnergy finalize financing on Ras Laffan, Qatar, petrochemicals project
Ras Laffan Petrochemicals, a joint venture company owned 30% by Chevron Phillips Chemical and 70% by QatarEnergy, announced that it has secured $4.4 B to finance an integrated polymers facility to be located in Ras Laffan Industrial City, Qatar.
Vietnam's largest refinery Nghi Son restarting after maintenance
Vietnam's largest refinery, Nghi Son, is in the process of a restart after major maintenance that began late August.
Indonesia's Jan-Sept biodiesel consumption at about 2 T gallons
Indonesia's consumption of palm oil-based biodiesel for the first nine months of this year was about 2 trillion gallons.
Russia keeps ban on gasoline exports and cross-border sales of diesel by railway
Russia's ban on gasoline exports and cross-border sales of diesel by railway remains in place.
Russia resumes seaborne diesel exports after partially lifting ban
Russia, the world's top seaborne exporter of diesel just ahead of the United States, resumed exports of the fuel on after it lifted its ban on most fuel exports following a decline in domestic wholesale prices.
- 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
