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Carbon Management

Illimity Bank provides financing for ISAB refinery upgrade in Italy

Illimity Bank said it had structured a financing deal worth more than 400 MM euros for Italian refinery ISAB, which plans to reduce the environmental impact of its activities under a 1.4-B euro investment plan.

Clariant, OMV aim to reduce carbon footprint of ethylene and ethylene oxide derivatives

Clariant and OMV sign a letter of intent to accelerate the transition towards renewable carbon in the European ethylene supply chain.

Brazil's JBS supplies animal waste for production of sustainable aviation fuel

Brazilian meatpacker is supplying animal waste from its operations abroad for the production of renewable aviation fuels and is studying a similar initiative in Brazil through the Friboi brand.

United is first airline to purchase SAF for O'Hare Int'l airport (Chicago, U.S.)

United Airlines will purchase 1 MMgal of sustainable aviation fuel from Neste for use at Chicago's O'Hare International Airport. 

Neste, HELLENiQ ENERGY collaborate to boost the availability of blended SAF in Greece

Neste and HELLENiQ ENERGY have collaborated to deliver blended Neste MY Sustainable Aviation Fuel to HELLENiQ ENERGY’s facilities in Thessaloniki, Greece.

Technip Energies awarded proprietary equipment contract by CP Chem for low-CO2 cracking furnace technology

Technip Energies has been awarded an engineering and procurement contract by Chevron Phillips Chemical for the supply of a proprietary low-emission cracking furnace in an existing olefins unit at its facility in Sweeny, Texas (U.S.).

US court rejects EPA denials of 2022 small refinery biofuel waivers

A federal appeals court rejected the Environmental Protection Agency’s decision in 2022 to deny small oil refineries temporary waivers from the nation’s biofuels blending program, and sent the matter back to the agency for review.

PETRONAS, Eni and Euglena reach FID to construct a biorefinery in Malaysia

Petroliam Nasional Berhad (PETRONAS), Enilive S.p.A (a company directly controlled by Eni S.p.A.) and Euglena Co., Ltd. have reached the final investment decision (FID) to develop a biorefinery which will be located within PETRONAS’ Pengerang Integrated Complex (PIC), Johor, Malaysia.

ExxonMobil signs carbon capture agreement with CF Industries in Mississippi (U.S,)

ExxonMobil has signed its fourth carbon capture and storage agreement with CF Industries. ExxonMobil will transport and permanently store up to 500,000 tpy of captured CO2 from CF Industries’ complex in Yazoo City, Mississippi. 

Italy's Saipem sees business opportunities in green ammonia

Italian energy contractor Saipem, which has traditionally focused on oil and gas contracts, sees business opportunities arising in low-carbon areas including green ammonia.