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Economics

Indonesia's Pertamina aims to finish revamping TPPI petrochemical plant in Q4

Indonesia's Kilang Pertamina Internasional, the refinery unit of state energy firm Pertamina, aims to finish revamping its petrochemical plant Trans-Pacific Petrochemical Indotama in the fourth quarter of this year.

DHL and Sasol join hydrogen firm HH2E on sustainable jet fuel project

German logistics giant DHL is teaming up with energy firm HH2E and South African petrochemicals firm Sasol on the expansion of SAF production in Germany.

Indorama Ventures achieves 100 billion PET bottles recycling milestone

Indorama Ventures Public Company Limited announces that it has recycled 100 billion post-consumer PET bottles since February 2011.

Worley awarded FEED for QatarEnergy LNG’s largest CO2 sequestration project

Worley has been selected to develop the Front-End Engineering Design for QatarEnergy LNG’s CO2 sequestration project in Ras Laffan, Qatar.

Renault to maintain mixed ethanol combustion engines in Brazil

Renault will maintain production of ethanol-fueled combustion vehicles in Brazil, where nine in 10 cars are equipped to run on a mixture of gasoline and the biofuel as fully EV need more government support.

South Korea's SK Energy offers more October gasoil

South Korea's SK Energy, owned by SK Innovation, is offering more October-loading 10 ppm sulfur gasoil for sale, after selling around nine cargoes in the past few weeks.

Portugal's Galp to invest $426 MM in biofuels with Japan's Mitsui

Portuguese oil company Galp said it had teamed up with Japan's Mitsui to invest $426 MM in an industrial-scale plant to produce biodiesel and biojet fuel from waste at its Sines refinery.

Oil prices steady as Russia eases fuel export ban

Oil prices held steady after Russia relaxed its fuel ban, taking the edge off earlier gains on a tighter supply outlook and wariness over interest rates that could curb demand.

Germany's Scholz aims high on green jet fuel output

Chancellor Olaf Scholz set out Germany's ambitions to become a strategic production center for sustainable jet fuel and to lure investment to build on its importance as one of aerospace group Airbus' manufacturing centers.

ORLEN partners with Yokogawa to develop cutting-edge technology for SAF production

ORLEN and Yokogawa Europe announce they have joined forces to initiate industrial-scale production of carbon neutral SAF.