Economics
Shipping industry off track to meet 5% zero-emission fuel target by 2030
The world is not on track for zero-emission fuels to account for 5% of international shipping fuels by 2030, a new analysis has found, jeopardizing the shipping industry's 2050 decarbonization goal.
Johnson Matthey and bp chosen by EDL to support production of SAF at HyKero plant in Germany
Johnson Matthey and bp announced that EDL Anlagenbau Gesellschaft mbH has selected their co-developed, award-winning Fischer Tropsch CANS technology for EDL’s HyKero plant located in Böhlen-Lippendorf, south of Leipzig, Germany.
Uganda to announce oil refinery bid winner next month
Uganda expects to announce the winning bidder among four groups competing for a new 60,000 bpd oil refinery next month.
Arcadia eFuels taps plug power for 280 MW electrolyzer system for SAF production
Arcadia eFuels has selected Plug Power Inc., a comprehensive provider of turnkey hydrogen solutions for the global green hydrogen economy, to provide a 280 MW proton exchange membrane electrolyzer system to Arcadia’s Vordingborg plant for the production of SAF.
SAF reduces carbon footprint for MRI scanner delivery
In mid-July, the department received a Siemens MAGNETOM Sola 1.5T MRI system, delivered from Germany to our China Basin Landing site in San Francisco using a combination of SAF and short road transportation for an optimal mix of speed and sustainability.
Diesel is subsidizing other fuels in Asia, but beware China
The profit for turning a barrel of crude oil into refined fuels in Asia has slipped to the lowest in three months, even though the margin on diesel remains elevated.
Raizen, Wartsila to research use of ethanol in maritime transportation
Raizen, the world's largest producer of sugarcane ethanol, and Wartsila, a leader in maritime transportation propulsion, will cooperate in a research program to test ethanol as a fuel option for vessels.
Saudi Aramco CEO: COP28 should focus on cutting fossil fuel emissions, not output
The chief executive of oil giant Saudi Aramco, said on Tuesday this year's COP28 U.N. climate conference should focus on cutting emissions from hydrocarbons, rather than reducing their production.
China's Sinopec signs equity agreement for Kazakh polyethylene project
China's Sinopec has signed an equity agreement with Kazakh state-owned oil and gas firm KazMunayGas JSC for a 30% stake in a planned polyethylene project in Kazakhstan.
Russian seaborne diesel exports fell by 20% in early October
Russia's seaborne diesel and gasoil exports fell by 20% to about 1.1 million metric tons in the first 15 days of October from the same period in September due to ongoing seasonal maintenance of refineries and a fuel export ban.
- 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
