Economics
EU set to demand e-fuel cars have no climate impact
The European Union is set to demand that cars running on e-fuels must be 100% carbon neutral if they are to be sold beyond 2035, a draft document showed, after Germany demanded e-fuel cars be exempted from the phase-out of new polluting vehicles.
Ethanol groups slam U.S. EPA advisors for report on fuel's 'minimal' climate benefit
The ethanol and corn industries slammed an advisory board to the U.S. Environmental Protection Agency for a draft report that found there could be little climate benefit to using corn-starch ethanol as a fuel, compared with gasoline.
China climate envoy says phasing out fossil fuels 'unrealistic'
The complete phasing-out of fossil fuels is not realistic, China's top climate official said, adding that these climate-warming fuels must continue to play a vital role in maintaining global energy security.
Biden's IRA drives surge in U.S. imports of Chinese used cooking oil for biodiesel and SAF
Used cooking oil can be refined into fuels such as biodiesel and SAF, which can be blended with conventional fuels to reduce carbon emissions.
Russia's gasoline prices on exchange down almost 10% after export ban
Russian wholesale gasoline Ai-92 grade prices fell by 9.7% to $582 per metric ton, according to exchange data, following a government ban on fuel exports.
Mexico's Energy Secretary authorizes the construction of country's first catalyzer plant
During the 58th Anniversary celebration of the Mexican Petroleum Institute, Rocío Nahle García, the head of Mexico's Energy Secretary, announced the commencement of construction for the nation's first Catalyzer Plant as a vital component of Mexico's energy policy.
Russia cuts September seaborne diesel exports to meet domestic shortage
Russia cut its seaborne diesel and gasoil exports by nearly 30% to about 1.7 million metric tons in the first 20 days of September from the same time in August, as local refineries went into seasonal maintenance and the domestic market faces a fuel shortage and rising prices.
Singapore's middle distillates stocks stable; gasoil net exports slip for second week
Singapore's middle distillates inventories remained above 9 million barrels, official data showed, as net gasoil exports slipped for the second straight week, and jet fuel/kerosene net exports also fell.
Indian chemicals maker Epigral expects revenue from newer CPVC products to surge this year
Indian chemicals maker Epigral will keep diversifying its business and expects the share of revenue from new products to expand significantly this year.
Russia imposes temporary restrictions on fuel exports
Russia has introduced temporary restrictions on exports of gasoline and diesel in order to stabilize the domestic market.
- 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
