Economics
U.S. lawmaker to re-introduce bipartisan bill to get EV industry into biofuel program
A U.S. Democratic lawmaker plans to reintroduce a bipartisan bill next month that would allow electricity generated from renewable biomass to qualify for credits under the nation's biofuel blending program.
Utilizing various feedstocks to progress SAF production
At Honeywell Users Group 2023, Naved Reza, Director, Business Development Sustainable Technology Solution for Honeywell UOP, delivered a presentation titled "Increasing SAF feedstocks to scale production and decarbonize aviation.”
EU-backed green auditor cracks down on China island biofuel trade
An auditing company empowered by the European Union to verify sustainable fuel has suspended the certification of three Chinese biofuel exporters after an audit found the precise source of their waste products from Malaysia and Indonesia could not be verified.
Nigeria amasses $3-B debt to traders for oil swaps
Nigeria has accumulated up to $3 B in debts to trading houses such as Vitol and oil majors such as bp for fuel supplies and is trailing four to six months behind schedule in repaying them with cargoes of crude.
Oil resumes slide on demand worries after latest rate hikes
Oil dropped over 2% and was heading for a weekly decline, as a UK interest rate hike added to concern over economic growth that outweighed lower U.S. crude stocks and other signs of tighter supplies.
Airbus teams-up with LanzaJet to boost sustainable aviation fuel production
Airbus and LanzaJet today announced they have entered into a memorandum of understanding to address the needs of the aviation sector through the production of sustainable aviation fuel.
U.S. crude inventories post surprise draw, fuel stocks rise
U.S. crude stocks fell while gasoline and distillate inventories rose, the Energy Information Administration said.
China's Penglai crude shipments land in Singapore, Malaysia
Two crude cargoes loaded from China's Penglai oilfields arrived at Singapore and Malaysia in May and June, an unusual export from the world's largest crude importer.
IFPEN, Axens and EDF announce signing of MOU to develop "Take Kair" SAF project
IFPEN, Axens and EDF announce that they have signed Memorandum of Understanding to develop "Take Kair", an innovative industrial e-kerosene pilot in Pays de la Loire, which will meet the needs of the new French e-SAF industry.
Sasol and Topsoe to form a future business to accelerate global SAF production
Sasol and Topsoe have signed a landmark agreement to establish a 50/50 joint venture solidifying their commitment to produce sustainable aviation fuels and contribute to global efforts in combating climate change.
- bp's Whiting refinery union workers reject contract extension 2/2
- China's CNPC set to restart Dalian refinery to process Russian oil 2/2
- Dow announces 2029 startup of Phase 1 of its $7.5-B Path2Zero ethylene project 2/2
- ExxonMobil, Chevron see glimmer of Venezuela's potential, especially in refining its crude 2/2
- 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
