Europe

Russia's seaborne diesel exports drop 21% in May

Russia's seaborne diesel and gasoil exports were 21% lower in May from a month earlier at about 3.1 million tons as seasonal refinery maintenance cut supply and domestic demand rose.

Germany's conundrum: Energy transition goals increase chemical sector's challenges

Europe's largest economy is also one of the region's most aggressive advocates for shifting energy systems away from fossil fuels, and leads the continent in emissions reduction targets and investments in renewable energy supplies.

Top shipper of Russian oil secures Indian cover as Western certifiers exit

An Indian agency has stepped in to provide safety certification for most of Gatik Ship Management's fleet, a major carrier of Russian oil to India, after Lloyd's Register and the American Bureau of Shipping withdrew classification for many of its vessels, records show.

Biodiesel import flood could drown European market

A flood of potentially "dubious" biodiesel imports into Europe from China needs to be subject to closer EU vetting or it could trigger the collapse of the European Union's biofuels industry, top producer body EWABA said.

Lukoil raises oil output at Iraq's West Qurna 2 to 480,000 bpd

Russia's Lukoil has increased oil production at Iraq's southern West Qurna 2 oilfield by 80,000 barrels per day bpd to a total of 480,000 bpd.

Eni bets on agri-business in Africa to expand biofuel production

Italy's Eni is investing in farming in several African and Asian countries as it aims to produce by itself around one fifth of the agricultural feedstock it will need for its biofuel business by 2025, two top executives at the energy group said.

Indorama Ventures and Carbios reaffirm partnership to build first-of-a-kind PET biorecycling plant in France

Indorama Ventures Public Company Limited and Carbios announce the signing of a non-binding Memorandum of Understanding to form a Joint Venture for the construction of the world’s first PET biorecycling plant in France .

Neste to use lower-emission marine fuel in two vessels transporting renewable diesel to Sweden

Emerson helps optimize innovative recycling process

Global software and technology leader Emerson is helping the Swedish cleantech company HaloSep to optimize their unique process that turns hazardous incinerator flue gas residue from waste-to-energy plants into usable materials.

Turkey's Urals oil purchases hit seven-month high in May

Turkey's purchases of Russian Urals oil hit a seven-month high in May as Turkish refiners took advantage of low prices for the grade.