Economics
Stamicarbon awarded energy efficiency contract for urea plant in China
NEXTCHEM’s subsidiary Stamicarbon will upgrade an existing 3,100-tpd urea plant to reduce energy consumption by up to 20%, thanks to its proprietary Advanced MP Flash Design technology.
EU to set tariffs on Chinese biodiesel in anti-dumping probe
The European Union (EU) is set to impose provisional duties on Chinese biodiesel after finding it is being sold in EU markets at unfairly low prices, in the latest in a string of trade cases against China.
India's Reliance misses profit estimates on weak fuel sales margins
Reliance Industries, India's most valuable company, reported 1Q profit below analysts' estimates on Friday, hurt by lower margins on fuel sales.
Argentine biofuels chamber calls new U.S. biodiesel duties illegal
The U.S. Commerce Department slapped anti-dumping duties of between 60.44% to 276.65% on biodiesel from Argentina and Indonesia, on top of already steep anti-subsidy duties. The Argentine Chamber of Biofuels said that increased U.S. duties on Argentine biodiesel were "arbitrary and illegal" and would shut Argentina out of the market in the U.S.
Sinochem shuts Shandong refineries 'indefinitely' on poor margins
State-run Sinochem Group has shut in two of its three east China oil refineries for an indefinite period of maintenance, as high crude oil costs and weak fuel demand hurt margins.
Japanese refiners urge early orders from airlines amid jet fuel shortage
The head of the Japanese petroleum industry has called for international airlines to provide flight schedules and jet fuel demand forecasts a year in advance as a solution to a jet fuel shortage at Japanese airports.
Trelleborg partners with Airbus on hydrogen-powered air travel
Trelleborg Sealing Solutions has partnered with Airbus for hydrogen sealing applications, supporting the mission to deliver a hydrogen-powered commercial aircraft by 2035.
Mexico–U.S. energy trade value fell in 2023 on lower fuel prices
The value of all energy trade between the U.S. and Mexico decreased almost 15% from $77.8 B in 2022 to $66.5 B in 2023, adjusted for inflation.
TotalEnergies says oil production to hit high end of Q2 guidance
French oil major TotalEnergies said on Tuesday its 2Q hydrocarbon production levels will hit the top end of its guidance range, while pressure on refining margins will be partly alleviated by higher refinery utilization.
Singapore's 1H 2024 bunker sales rise on year but June sees a monthly decline
Sales of marine bunker fuel at Singapore climbed 8.5% in 1H 2024, official data showed on Monday, as shipping disruptions in the Red Sea boosted global bunkering demand, though demand slowed month-on-month in June.
- UTEP researchers boost microalgae biofuel yields with nanotechnology 7/28
- NASA tests new liquid hydrogen fuel tank for crewed Artemis missions 7/28
- Mizzou researchers engineer plants for optimal biofuel production 7/28
- India's top gas importer Petronet seeks loan to expand petchem plant 7/28
- EU Russia sanctions add fuel to red-hot global diesel market 7/28
- Spanish oil company Moeve's profit falls on blackout impact 7/28
