Europe

Gunvor plans to halt oil terminal activities at Europoort refinery

Global commodities trading house Gunvor intends to mothball the terminal activities at its Europoort oil refinery in Rotterdam, Netherlands

EU to set up Critical Chemical Alliance to secure supply chains

The European Commission will work with EU member states and the chemicals sector to support production of chemicals identified as critical for Europe's industrial supply chains, the EU executive said.

Greenergy proposes to close Immingham biodiesel plant in the UK

bp sells 300 Dutch petrol stations to Catom

bp has agreed to sell its 300 Dutch petrol stations to Dutch fuel distribution and trading company Catom as part of its plan to divest $20 B worth of assets by 2027, bp said on Wednesday, without giving a deal value.

UK's insolvent Lindsey oil refinery secures some crude supply to keep running for now

Britain's insolvent Lindsey oil refinery has secured some crude supplies to stave off immediate closure, the UK energy ministry said, but a source familiar with the situation said the agreement with supplier Glencore was limited.

KHIMOD raises €23 MM to accelerate its growth

KHIMOD, a French climate-tech company that specializes in producing low-carbon synthetic molecules and valorizing carbon dioxide (CO₂), has announced a €23-MM funding round.

Diesel East-West price spread nears 1.5-yr high amid supply concerns West, stable East

The front-month diesel East-West price spread hit its widest in 1.5 yr of slightly more than $73 per tonne (t) at Asia market close, LSEG data showed on Monday, underscoring supply concerns in the West and steady Asian fundamentals.

EcoCeres secures SAF contract with British Airways to help reduce carbon emissions

This strategic partnership is expected to help the UK’s flagship carrier reduce lifecycle carbon emissions of approximately 400,000 metric tons, compared with use of the same volume of conventional jet fuel.

Valmet to deliver Valmet DNA DCS to a bio-based process plant in Portugal

Valmet will deliver a Valmet DNA distributed control system to a bio-based process plant in Portugal. The order was placed by Valmet’s new Value Added Reseller (VAR) partner Tecnilab AV Portugal S.A.

Northeast Asia sends the most jet fuel to Europe in nearly a year in June

Traders shipped the most jet fuel from Northeast Asia to Europe in almost a year in June as lower freight rates and ample Asian supplies spurred exports, amid fears of a Middle East supply disruption.