Environment
Bureau Veritas, Samsung Heavy Industries partner to develop CCS solutions
Bureau Veritas Marine & Offshore (BV), a world leader in testing, inspection, and certification, is partnering with Samsung Heavy Industries Co. Ltd. (SHI), a leading global shipbuilding and offshore engineering company, to develop floating carbon dioxide (CO2) storage units (FCSUs) and carbon capture and storage (CCS) projects in the Republic of Korea, with the aim to significantly reduce greenhouse gas (GHG) emissions.
Indonesia's higher biodiesel mandate rollout may be gradual, industry watchers say
Indonesia's plan to expand its biodiesel mandate from Jan. 1, which has fueled concerns it could curb global palm oil supplies, looks increasingly likely to be implemented gradually, analysts said, as industry participants seek a phase-in period.
Deep Sky secures $40-MM grant from Breakthrough Energy Catalyst to scale direct air capture
Deep Sky, the Quebec, Canada-based carbon removal project developer, has secured a $40-MM grant commitment from Breakthrough Energy Catalyst (Catalyst). The funds, subject to the satisfaction of funding conditions, will be allocated to the construction of Deep Sky Alpha (formerly Deep Sky Labs) and its associated research and testing of direct air capture (DAC) technologies.
Neste introduces co-processed renewable Neste RE feedstock for the polymers and chemicals industry
By co-processing renewable raw materials such as used cooking oil together with fossil crude oil in its conventional oil refinery in Porvoo, Finland, Neste is able to produce a complementary type of Neste RE, a drop-in feedstock for the production of plastics and chemicals.
Baker Hughes, UC Berkeley (U.S.) establish global decarbonization research institute
Baker Hughes, an energy technology company, and the University of California, Berkeley (U.S.) have announced a new long-term research partnership to establish the Baker Hughes Institute for Decarbonization Materials at UC Berkeley’s College of Chemistry.
Mabanaft reaches agreement with Hapag-Lloyd to supply B30 bunker fuel in Hamburg
Mabanaft has reached an agreement with the shipping company Hapag-Lloyd for the supply of B30 biofuel. A first test delivery of 1,000 t of B30 VLSFO arrived on the container ship Delaware Express and reached Mabanaft's Waltershof tank terminal in the Port of Hamburg on December 12.
Singapore's ChemOne delays Pengerang complex's start to 2028
Singapore's ChemOne Group has delayed the start of its Pengerang Energy Complex to the fourth quarter of 2028, with construction set to begin by mid-2025, after securing more financing for the project. When completed, the site is expected to house a petrochemical facility that can produce up to 2.6 MMtpy of products such as paraxylene, a feedstock for synthetic fibers and plastic bottles, and 3 MMtpy of fuel products including jet fuel.
Technical teams inspecting Libya's Zawiya refinery after fire
Technical teams at Libya's Zawiya refinery were carrying out inspections on Monday after a fire broke out in several reservoirs the previous day. Libya's National Oil Corporation declared force majeure on Sunday after reservoirs at the Zawiya refinery were severely damaged due to ongoing clashes between armed groups in its vicinity.
Gevo and LG Chem extend agreement for bio-propylene to accelerate commercialization using Gevo ethanol-to-olefins technology
Gevo, Inc. and LG Chem, Ltd. are extending their joint development agreement to assess existing assets for deploying Gevo’s ethanol-to-olefins (ETOs) technology while accelerating commercialization activities, considering project scale and end-product markets.
Indonesia's renewable energy plans may put forests at risk
Environmentalists are warning that Indonesia's ambitious plans to achieve net-zero emissions by 2060 rely too heavily on biofuels and risk a new wave of deforestation in the world's third-largest rainforest.
- Indian state refiners pause Russian oil purchases 7/31
- PBF Energy partially restarts Martinez (U.S.) refinery, posts smaller-than-expected quarterly loss 7/31
- Key Asian fuel exporters boost jet fuel sales to Europe in July 7/31
- Vopak to expand biofuels storage capacity in Malaysia terminal JV 7/31
- China's Shandong Yulong Petrochemicals to invest > $16 B to incorporate petrochemicals production at Yantai refinery 7/30
- Supertanker delivers oil to sanctioned Nayara Energy's Vadinar refinery 7/30
