Environment
Biomass-based diesel and ethanol compliance credit prices decline 45% from start of year
The price of compliance credits for biomass-based diesel and ethanol has decreased about 45% since the start of the year, when prices were already the lowest in about three years.
MMA production via ACH Process and acrylonitrile-related production discontinued at Hiroshima, Japan plant, withdrawal from certain businesses to follow
The Mitsubishi Chemical Group hereby announces that it has decided to discontinue MMA monomer production by the ACH process as well as the production of acrylonitrile and acrylonitrile derivatives at the Mitsubishi Chemical Hiroshima Plant.
MAMII expands membership with Chevron, Seapeak, and TotalEnergies joining the initiative
Leading energy companies TotalEnergies and Chevron, and major gas carrier Seapeak, have joined the Methane Abatement in Maritime Innovation Initiative, led by SafetyTech Accelerator.
Vietnam aims to produce 100,000-500,000 tons of hydrogen a year by 2030
Vietnam aims to produce 100,000-500,000 metric tons of hydrogen a year by 2030 as part of its energy transition efforts, according to the country's hydrogen development strategy adopted earlier this month.
Spain's Cepsa, Apical begin work on Southern Europe's biggest biofuels plant
Spain's Cepsa and Apical Group's Bio-Oils unit began building what will be Southern Europe's largest biofuels plant able to produce 500,000 metric tons of renewable diesel and SAF per year, the companies said.
Digital Feature: A novel process to help refinery operations comply with the U.S. Renewable Fuel Standard
This article, exclusive to Hydrocarbon Processing, details a novel refinery processing technology that enables refineries to produce fuels that adhere to the U.S. RFS.
LG Chem and CJ CheilJedang join forces to commercialize bio-nylon
LG Chem and CJ CheilJedang have created a JV plant for bio-nylon production to penetrate the eco-friendly market.
BASF launches ChemCycling in the U.S.
BASF is offering customers ISSC+ certified advanced recycled building blocks from the BASF TotalEnergies Petrochemicals facility in Port Arthur, Texas. ChemCycling utilizes recycled feedstock that is derived from plastic waste in the conventional production process, thereby partially replacing fossil resources.
Technip Energies invests in the United Airlines Ventures Sustainable Flight Fund
This innovative fund is strategically designed to leverage cross-industry support, providing start-ups working on SAF research, production and technology, with both financial and strategic capital.
Asia's SAF projects and agreements
SAF, or alternative fuel made from renewable sources that are used to power aircraft, is crucial for the aviation sector to reach its goal of net zero carbon emissions by 2050, but its adoption remains in a nascent phase. Following is a look at other SAF projects and agreements in the Asia-Pacific region.
- Shell flags chemicals and products unit loss, raising doubts over $3.5 B buyback 1/8
- Saudi's SABIC sells assets in Europe, Americas worth $950 MM 1/8
- Outokumpu to collaborate with Norsk e-Fuel to convert carbon side streams into eSAF 1/8
- Haffner Energy and IGNIS P2X launch bio/eSAF project AeroVerde in Spain 1/8
- Faerch advances circular packaging leadership with growing rPET volumes from Cirrec 1/8
- Aether Fuels receives millions of additional funding to accelerate SAF production in Singapore 1/8
