Economics
Asia's lack of biofuels demand hinders investments
A lack of biofuels demand in Asia-Pacific is making it hard for companies to justify pumping billions of dollars into projects in the region despite growing decarbonization efforts worldwide.
Trafigura seeks to charter tanker to export Venezuelan fuel oil
Global commodities trader Trafigura is seeking to charter at least one large tanker to export Venezuelan fuel oil, a move that follows this week's easing of U.S. sanctions on the OPEC country's energy industry.
Navigator CO2 Ventures cancels carbon-capture pipeline project in U.S. Midwest
Navigator CO2 Ventures has canceled its Heartland Greenway pipeline project aimed at capturing 15 Mmt of carbon dioxide annually from Midwest ethanol plants and storing it permanently underground citing "unpredictable" state regulatory processes.
Louis Dreyfus to construct Ohio (U.S.) soy crush plant for food, feed, and biofuel
Global crop merchant Louis Dreyfus Company will build a new soybean processing plant in the U.S. state of Ohio adding to a boom in oilseed crush investments in North America encouraged by biofuel use.
Sonangol partners with Chinese CNCEC to build Lobito refinery
Sonangol and China National Chemical Engineering Company signed, in the city of Lobito, Benguela, a contract for the construction of the Lobito Refinery.
Braskem boosts biopolymer development in Asia, opens Tokyo Representative Office
Braskem announced the opening of its Representative Office in Tokyo, Japan one of the key markets for Braskem's I'm greenT bio-based Polyethylene.
Stockholm to ban gasoline, diesel cars from city center
Stockholm will ban gasoline and diesel-powered cars from key parts of the city center from 2025 as it seeks to improve air quality and reduce traffic noise.
Emirates expands collaboration with Neste for the supply of SAF in 2024 and 2025
Emirates and Neste have expanded their partnership by solidifying their collaboration for the supply of over 3 million gallons of blended Neste MY Sustainable Aviation Fuel in 2024 and 2025.
Ryanair purchases 500 tons of SAF from OMV
Ryanair has purchased 500 tons of SAF from OMV, the international integrated oil, gas and chemicals company.
China's September fuel oil imports slide to year-to-date low
China's fuel oil imports eased for a third consecutive month in September, hitting the lowest in the year so far, data from the General Administration of Customs showed.
- Kumho Mitsui Chemicals to increase capacity of MDI production facilities 12/15
- ABS, Eneos, NYK Line and Seacor Holdings launch joint study to develop a methanol marine fuel supply network in the U.S. 12/15
- ENEOS accelerates AI-driven materials discovery of immersion cooling fluids and novel catalysts Using NVIDIA ALCHEMI 12/15
- SAMSUNG E&A wins FEED contract for nearly $5-B SAF plant in the U.S. 12/15
- KBR wins green ammonia project by IGNIS in Spain 12/15
- Phillips 66 announces $2.4-B capital budget for 2026 12/15
