Environment & Safety
Babcock & Wilcox win contract to support Phillips 66 carbon capture project in U.K.
Babcock & Wilcox announced that its B&W Environmental segment has been awarded a contract by Phillips 66 Limited to design a flue gas pre-treatment technology upstream from a planned CO2 capture system on the Phillips 66 Limited Humber Refinery’s Fluid Catalytic Cracker.
Neste completes acquisition of business from Crimson Renewable Energy in the U.S.
In November 2022, Neste announced that it would acquire the used cooking oil (UCO) collection and aggregation business and related assets on the U.S. West Coast from Crimson Renewable Energy Holdings.
Clean Energy Marine Hubs Initiative gains momentum at Ministerial energy meeting
IRENA will continue to expand its collaboration with ICS and partners in the shipping sector to further strengthen the CEM Hubs initiative and accelerate the use of renewables-based fuels in the shipping and other end-use sectors.
Rio Tinto trials renewable diesel at U.S. operations
Rio Tinto said on Friday it is conducting trials at its Kennecott copper operations in Salt Lake City, Utah, to determine the suitability of renewable diesel for open pit haulage.
Bain Capital buys stake in biofuel firm for $400 MM
Bain Capital Private Equity said this week it has completed a deal to acquire a stake in renewable fuel producer EcoCeres Inc, as the Boston-based investor strives to ramp up its sustainable investment.
KLM Group’s CO2 emission reduction targets for 2030 approved by SBTi
Together with Air France-KLM and Air France, the KLM Group commits to reducing its CO2 emissions by 30% per revenue ton kilometer (RTK) by 2030.
Alberta premier says province open to providing carbon capture tax credits
Canada's main oil-producing province Alberta is open to bolstering tax credits for carbon capture and storage (CCS) technology but also wants the federal government to increase financial support, Premier Danielle Smith said this week.
Nghi Son refinery to shut for 55 days from August 25 for maintenance
Vietnam's largest refinery, Nghi Son, will be shut down for 55 days starting August 25 for major maintenance.
TPG-owned Anew Climate invests up to $640 MM in Terra Global
Anew Climate LLC, a TPG Inc-owned provider of carbon emission reduction products to businesses, has agreed to invest as much as $640 MM in carbon offset developer Terra Global Capital.
Green industries could be worth $10.3 T to economy by 2050
Industries helping the world shift to net-zero emissions could be worth $10.3 T to the global economy by 2050, sustainable development consultancy Arup and economics advisory firm Oxford Economics said in a report on Tuesday.
- LanzaJet expands partnership with Microsoft to strengthen the company’s global growth 6/13
- Phelan Green Group's $2.6-B eMethanol project remains on schedule 6/13
- Algeria launches $7-B investment plan to expand hydrocarbon processing 6/13
- AFPM/API: President Trump officially overturns California (U.S.) gas car ban 6/12
- Decision on oil refiner Italiana Petroli's sale expected around end-June 6/12
- EIA: U.S. crude stocks fall, gasoline and distillate inventories rise as refining activity increases 6/12
