Gasoline
Neste to receive funding from the EU Innovation Fund for chemical recycling project in Porvoo
Neste has received a positive grant decision for up to EUR 135 MM from the EU Innovation Fund for the company’s project to build chemical recycling capacities at its Porvoo refinery in Finland.
FPT Industrial powers the first LNG trucks on Indian roads
FPT Industrial and Blue Energy Motors have signed an agreement with the goal of deploying the very first LNG trucks in India, powered by FPT N67 NG BSVI compliant engines, on the country’s roads by the end of the year.
Hungary fuel price cap could lead to shortages
Hungary's cap on fuel prices should be lifted because it will lead to shortages "sooner or later", the CEO of Hungarian oil and gas company MOL said.
The downstream rundown: In case you missed it 7/8
In case you missed any downstream news, here are the top stories from last week.
Exxon profit set to soar again; White House wants more oil
Wall Street analysts sharply increased their ExxonMobil Corp second-quarter profit estimates after the largest U.S. oil producer projected it could almost double its first-quarter earnings.
Oil from U.S. reserves sent overseas as gasoline prices stay high
More than 5 MM barrels of oil that were part of a historic U.S. emergency reserves release to lower domestic fuel prices were exported to Europe and Asia last month.
Technip Energies wins EPC contract by Hafslund Oslo Celsio for a CCS project at waste to energy plant in Norway
Technip Energies has been awarded a large EPC contract by Hafslund Oslo Celsio, the largest supplier of district heating in Norway, for a world-first carbon capture and storage (CCS) project at waste to energy plant located in Oslo, Norway.
India to drop windfall tax if oil prices fall $40 a barrel
India will only withdraw its windfall tax introduced last week for oil producers and refiners if global prices of crude fall as much as $40 a barrel from present levels.
Venezuela's second largest refinery suspends gasoline production
Venezuela's state company PDVSA has suspended gasoline production at the country's second largest refinery due to an outage at its reformer.
Strike underway at Exxon refinery in France
Workers at Exxon's Esso refinery in Fos-sur-Mer in southern France have gone on strike demanding higher wages.
- Borouge to supply advanced polyolefin solutions for next-generation vehicles 11/18
- ASTM International signs MoU with Gulf Cooperation Council Laboratory Company for Technical Services (GCC Lab TSCo.) 11/18
- Reliance buys 1 MMbbl of crude from Kuwait's KPC, trade sources say 11/18
- Vitol, Cnergyico make Pakistan's biggest single delivery of marine fuel 11/18
- Rosneft’s Ryazan refinery suspended crude processing after drone strike 11/18
- bp restores part of Olympic Pipeline after Washington (U.S.) leak 11/18
