Americas
Oil heads for fourth straight quarterly decline
Oil prices rose above $75 a barrel but were on course for a fourth consecutive quarter of losses amid concerns over sluggish global economic activity and fuel demand.
Fashion industry driving demand for green shipping, Maersk says
Fashion brands are a key driver of demand for green shipping fuels, according to shipping group Maersk, as the sector faces pressure from consumers and regulators to reduce their climate footprint.
Oil steadies after spiking on U.S. inventory fall
Oil prices steadied, a day after rising sharply on a bigger-than-expected fall in U.S. inventories, as attention shifted back to rising interest rates denting global economic growth.
Biden administration to spend $450 MM on higher-blend biofuels
The U.S. Department of Agriculture will spend $450 MM to expand the production and availability of transportation fuels that are blended with higher volumes of biofuels, the agency said.
Mexican airlines look to future SAF use
LATAM Airlines is considering issuing a so-called "green bond" as part of its sustainability strategy leading to SAF use.
Mexico's Pemex motor fuel production dipped last month
Motor fuel production from Mexico's state-owned oil company Pemex dipped last month, company data showed, falling short of ambitious government refining targets meant to wean the country off its long-standing dependence on foreign supplies.
Biden-Harris admin funds homegrown biofuels in California, investing in America agenda
U.S. Department of Agriculture Rural Development California State Director Maria Gallegos Herrera announced that USDA plans to invest up to $500 MM from President Biden’s Inflation Reduction Act to increase the availability of domestic biofuels and give Americans additional cleaner fuel options at the pump.
Axens builds on ExxonMobil MTBE Decomposition Technology for high purity isobutylene production
ExxonMobil Catalysts and Licensing LLC and Axens have signed an exclusive licensing alliance agreement allowing Axens to include ExxonMobil’s MTBE Decomposition Technology for high purity isobutylene in its portfolio.
Kent wins FEED contract for ExxonMobil’s large-scale plastic waste advanced recycling program
Kent has been appointed as the Front-End Engineering Design contractor for potential expansion of ExxonMobil’s advanced recycling facilities.
INEOS Energy charters two LNG carriers to create virtual LNG pipeline from the U.S. to Europe
INEOS Energy Trading has today signed agreements with Mitsui O.S.K. Lines for two new build LNG carriers, to be used for the import of LNG into Germany from the United States.
- BASF starts up the world’s first production plant for 3D-printed catalysts in Ludwigshafen 3/19
- Haffner Energy receives rapid bookings for CORE100 clean-fuel production units 3/19
- ABB launches EmissionVision to automate advanced gas leak detection 3/19
- Ebara Elliott Energy partners with NuScale Power for use of advanced nuclear technology to power petrochemical plants 3/19
- bp agrees to sell 12-MMtpy Gelsenkirchen refinery to Klesch Group 3/19
- Sumitomo Corporation, “K” LINE and NYK Line conclude MoU for new build ammonia bunkering vessel operation in Singapore 3/19
