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Economics

Neste and ENOC Group enter into collaboration to drive SAF initiatives in Dubai and the MENA Region

Neste and ENOC Group, a leading integrated global energy player, have agreed to collaborate to explore the possibilities of supplying and purchasing SAF in Dubai and the wider Middle East North Africa region in the coming years.

Dow's board of directors approves final investment decision for Path2Zero Project

Dow announced that its board of directors has declared Final Investment Decision on the Company's Fort Saskatchewan Path2Zero investment to build the world's first net-zero Scope 1 and 2 emissions integrated ethylene cracker and derivatives facility in Alberta, Canada. 

Yokogawa and FPT Software ink global partnership to advance DX solution offerings

Yokogawa Electric Corporation and FPT Software Company Limited announce a global supplier framework agreement for the development and deployment of digital transformation services to strengthen operational technology-information technology convergence in the industrial sector.

Topsoe selected by Santa Maria Renewable Resources to deliver technology for renewable fuels project in Texas (U.S.)

Topsoe has signed licensing and engineering agreements with Santa Maria to develop a project, focusing on the production of renewable fuels from various renewable feedstocks.

Black Sea storm disrupts Russian and Kazakh oil exports

A severe storm in the Black Sea region has disrupted up to 2-MM bpd of oil exports from Kazakhtsan and Russia, according to state's officials and port agent data.

European airlines secure supplies of low-carbon jet fuel

European airlines are ramping up investments and signing agreements to secure supply of SAF needed to meet targets set by the European Union aimed at curbing the aviation sector's carbon footprint.

Neste has been granted energy investment aid for its green hydrogen project at the Porvoo refinery

The Ministry of Economic Affairs and Employment in Finland granted Neste an energy investment aid of EUR 1.96 MM for heat recovery from the green hydrogen production being planned for the Porvoo refinery.

OPEC head accuses IEA of vilifying fossil fuel industry

OPEC Secretary General Haitham Al Ghais accused the International Energy Agency of vilifying the oil and gas industry, in the latest clash between the groups over climate policy.

DORIS, Axens, AWT International, SeaQuester and Surbana Jurong announce the CCS Hub Alliance decarbonization solution for hard-to-abate CO2 emitters

DORIS, Axens, AWT International, Sea-Quester Offshore and Surbana Jurong Infrastructure announce the formation of the CCS Hub Alliance, a partnership dedicated to delivering cost-effective and risk-reduced decarbonization solutions to hard-to-abate CO2 emitters.

ABB upgrades Repsol butane plants without any downtime in operations

Repsol Butano entered into an agreement with ABB to upgrade its Distributed Control Systems at 12 of the energy company’s butane factories across Spain.