Europe
EU wants fossil fuel sector to help pay to combat climate change
The European Union is set to call for the fossil fuel industry to help pay for fighting climate change in poorer countries under a United Nations target, a draft document shows, as nations prepare for talks this year on a global finance goal.
IAG reaches one-third of 2030 SAF target with major e-SAF deal with Twelve
International Airlines Group announced its largest SAF purchase agreement to date, with e-SAF producer Twelve, which will supply advanced e-SAF made from made from CO2, water and renewable energy.
Azerbaijan's Aliyev says Baku supports green energy, but world needs fossil fuels for now
Azerbaijani President Ilham Aliyev, whose country is due to host the COP29 summit on climate change in October, said that his country is committed to the green energy transition, but that the world cannot abandon fossil fuels in the near future.
Linde Engineering to deliver world-scale coastal CO2 Liquefaction Plant to Yara
Linde Engineering has signed a contract with global fertilizer manufacturer Yara to build a world-scale CO2 liquefaction plant in Sluiskil, the Netherlands.
ADNOC closes acquisition of 24.9% stake in OMV
ADNOC announced that it has formally closed the acquisition of a 24.9% shareholding in OMV AG, a global energy and chemicals group, headquartered and listed in Vienna, Austria, from Mubadala Investment Company.
European airlines secure supplies of low-carbon jet fuel
European airlines are signing SAF deals needed to meet carbon-reduction targets set by the European Union.
Russia bans gasoline exports for 6 months from March 1
Russia ordered a six-month ban on gasoline exports from March 1 to keep prices stable amid rising demand from consumers and farmers and to allow for maintenance of refineries in the world's second largest oil exporter.
hte provides first high throughput unit to Shanghai Institute of Cleantech Innovation
hte was awarded a tender by Shanghai Institute of Cleantech Innovation to supply a 16-fold high throughput test system for Fischer-Tropsch catalyst evaluation.
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.
NextChem secures contract for new urea plant in Egypt
MAIRE announces that NextChem, through its nitrogen technology licensor Stamicarbon, has been awarded a licensing and equipment supply contract for a state-of-the-art urea melt and granulation plant in Egypt for El-Nasr Company for Intermediate Chemicals.
- Iran's Revolutionary Guards say they targeted petrochemical facilities in the Gulf 4/6
- Damietta Green Ammonia completes pre-FEED for $873-MM, 150,000-tpy green ammonia facility 4/6
- EIB and Eni sign €500-MM in financing for new biorefinery in Sannazzaro de’ Burgondi 4/6
- India's Reliance buys Venezuelan oil directly from PDVSA 4/6
- Japan to boost intermediate chemical imports amid tighter naphtha supply 4/6
- Five EU countries call for windfall tax on energy companies 4/6
