Economics
Tecnimont awarded a FEED contract for an integrated green hydrogen and ammonia plant in Portugal
Tecnimont has been awarded a FEED contract by MadoquaPower2X to develop an integrated green hydrogen and green ammonia plant located in the industrial zone of Sines, Portugal.
U.S. Energy Department selects Delek's refinery for pilot carbon capture project
Delek US Holdings said the U.S. Department of Energy has selected its Big Spring refinery for a pilot carbon capture project and would provide up to $95 MM of federal funding to support its development.
Sugar Valley Energy bio-refinery to address SAF market
Valley Energy, a new 160-acre bioenergy campus planned in California’s Imperial Valley, intends to produce SAF for the airline industry.
Lhyfe and SAF+ International Group sign a MoU to produce e-SAF
Lhyfe and SAF+ sign a MoU to combine their expertise to develop the production of e-SAF from green and renewable hydrogen, at a production site located in the Le Havre area.
Enerkem to retire its Edmonton Biofuels facility
Enerkem announced that it will be retiring its Enerkem Alberta Biofuels plant in Edmonton.
SOCAR ships Azeri BTC oil to Thailand via Cape of Good Hope
Azerbaijan's state oil company SOCAR is shipping Azeri BTC oil to Thailand via Africa's Cape of Good Hope to avoid the Red Sea.
LyondellBasell beats Q4 profit estimates as lower ethane costs benefit
LyondellBasell LYB.N beat Wall Street estimates for fourth-quarter profit on Friday, on stable demand for its chemicals in the U.S. polyethylene market.
U.S. manufacturers poised for resumed growth, diesel shortage
Consumption of diesel and other distillate fuel oils is closely correlated with the manufacturing and freight cycle so the business upturn is very likely to result in renewed growth in distillate use in 2024.
Evergreen, X-Press Feeders sign green methanol shipping agreement
Taiwanese container shipping major Evergreen Marine has signed an agreement to use Singapore-based X-Press Feeders' new green methanol ships in Europe.
Power loss forces bp to shut biggest U.S. Midwest refinery
bp was purging its 435,000-bpd Whiting, Indiana, hydrocarbon refinery after a transformer failure caused a plant-wide power outage and forced an evacuation of all but the most essential workers.
- Valero Energy Q4 profit beats estimates; shares surge 1/30
- Dow launches "Transform to Outperform" to raise the competitive industry benchmark for productivity and growth to enable improved returns 1/30
- Russian oil refineries' peak maintenance expected in January and September 1/30
- U.S. lifts some Venezuela sanctions to ease oil sales 1/30
- Keppel, Aster plan sustainable aviation fuel project in Singapore 1/30
- Boeing, Israel's Technion to develop sustainable aviation fuel, as sector grapples with 2050 goal 1/30
