Europe

AM Green and Port of Rotterdam Authority to establish green energy supply chain

AM Green and the Port of Rotterdam Authority signed a Memorandum of Understanding to focus on building a green energy supply chain between India and Northwestern Europe via Rotterdam, Europe’s first energy port and a key H2 carriers entry point.

BASF intends to take over shares in Alsachimie JV from DOMO Chemicals

BASF and DOMO Chemicals have signed an agreement giving BASF the right to take over DOMO Chemicals’ 49% share of the Alsachimie joint venture, in which BASF currently holds 51%.

Digital Feature: FuelEU: A growth opportunity for U.S. Midwest ethanol producers

ExxonMobil to sell French subsidiary Esso to Canadian energy group

ExxonMobil France Holding has entered into exclusive negotiations with North Atlantic France SAS for both the proposed sale of its 82.89% majority shareholder interest in Esso Société Anonyme Française SA as well as the proposed sale of ExxonMobil Chemical France SAS. 

UPM cancels second Rotterdam biomass-to-fuels refinery

UPM plans to discontinue the development of its potential second biomass-to-fuels refinery at the Port of Rotterdam. UPM plans to halt all engineering work related to the CAPEX investment and withdraw from all site-related commitments associated with the Rotterdam investment

Slovak refiner will continue supplies to Czech Republic after sanctions waiver ends

Slovak refinery Slovnaft has secured alternative crude supplies to maintain diesel exports to the Czech market after the June 5 expiry of an EU exemption that allowed it to export products derived from Russian oil.

Uniper, thyssenkrupp Uhde partner to build large-scale ammonia cracker in Germany

thyssenkrupp Uhde and Uniper are entering into a strategic partnership to bring a key technology for global hydrogen trading to industrial maturity: the large-scale ammonia cracker. In a first step, a demonstration plant with a capacity of 28 tpd ammonia will be built at Uniper’s Gelsenkirchen-Scholven site in Germany.

Indian refiner Reliance's April Russian oil imports up 55% m/m

India's Reliance Industries, operator of the world's biggest refining complex, shipped in about 826,000 bpd of Russian oil in April, up nearly 55% from the previous month.

Eni in talks with GIP for sale of 49.99% of carbon capture unit

Eni has entered exclusive talks to sell a 49.99% stake in its carbon capture, utilization and storage (CCUS) business to BlackRock's infrastructure fund GIP.

SOCAR, Gunvor, Bin Butti to bid for refiner Italiana Petroli

State Oil Company of Azerbaijan (SOCAR), global commodity trader Gunvor and Abu Dhabi-based Bin Butti Group are expected to submit binding offers for Italian oil refiner Italiana Petroli (IP) next week.