Biofuels
U.S. Treasury Department issues new guidance for SAF tax incentives, boosting high-emitting crop-based biofuels
U.S. Treasury Department issues new guidance for SAF tax incentives, boosting high-emitting crop-based biofuels
Business Trends: Global chemicals industry outlook for 2024
After a challenging end to 2022, many in the chemical industry anticipated a modest rebound in production in 2023. However, by mid-2023, several chemical companies significantly lowered their expectations.
Global Project Data
Gulf Energy Information’s Global Energy Infrastructure (GEI) database is tracking more than 1,200 active projects in the hydrocarbon processing industry.
Low U.S. distillate consumption reflects slow economic activity and biofuel substitution
U.S. distillate consumption so far this year is lower than usual because of warm winter weather, reduced manufacturing activity, and continued substitution of biofuels in place of petroleum distillate on the U.S. West Coast.
Brazil's Timbro to export 40% more sugar, enter ethanol market in 2024
Brazilian international trade platform Timbro expects to increase its sugar exports by more than 40% in 2024 to 2 MMt, while also expanding operations to enter the ethanol market.
BHP says it aims to receive first ammonia-fueled bulk carrier in 2026
Australia's BHP Group is planning to receive its first ammonia-fueled bulk carrier in 2026 as part of the company's plans to cut shipping emissions.
Biofuels refiner Ecoceres expects Malaysia unit to start up in second half 2025
Biofuels refiner Ecoceres is aiming to start up its Malaysia-based biofuels production unit in the second half of 2025.
Eni to sell stakes in biofuel, bioplastic units by end of 2024
Italian energy group Eni aims to sell by year-end minority stakes in its biofuel and bio-plastic units that could fetch around $1.47 B in total to speed up its energy transition.
Avril expects biofuel-driven profit surge by 2030
French oilseeds group Avril expects its core profit to increase by over half by the end of the decade as its crop-based food, fuel and industrial products meet demand for lower-carbon goods.
Ryanair purchases 1,000 tons of SAF from Shell
Ryanair announced that it has purchased 1,000 tons of SAF from global energy group, Shell, and will be supplied to the airline at its Stansted Airport base.
- ExxonMobil plans 1 Blbs/yr of advanced recycling by 2027 11/22
- Gauging the likely Trump effect on U.S. energy and power sectors 11/22
- Russia's Lukoil restoring cracker at NORSI refinery, gasoline output rising 11/22
- Nigeria's local currency crude sales fall short of target, Dangote refinery says 11/22
- U.S. October gasoline imports hit post-pandemic low on slump in European shipments 11/22
- Clean Hydrogen Works awards McDermott FEED contract for Ascension Clean Energy (ACE) project 11/21
