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Economics

Cathay welcomes the launch of the Hong Kong Sustainable Aviation Fuel Coalition as co-initiator

Cathay further demonstrated today its steadfast commitment to contributing towards the decarbonization of the aviation industry and establishing itself as a sustainability leader as it proudly welcomed the successful launch of the Hong Kong Sustainable Aviation Fuel Coalition as its co-initiator.

Tanker with Russian diesel to discharge at the port of Venezuela

Sea Maverick with about 33,000 metric tons of ultra-low sulfur diesel loaded at the end of December 2023 at the Russian Baltic port of Primorsk is discharging at the El Palito port in Venezuela.

POET's U.S. Midwest ethanol plants to join Summit Carbon pipeline project

POET LLC, the world's largest ethanol producer, said it will partner with Summit Carbon Solutions to capture carbon dioxide emissions at 17 of POET's U.S. Midwest ethanol plants as part of Summit's multi-state pipeline project.

Fuel tanker is loaded at Novatek's Ust-Luga terminal

A tanker called Breeze is being loaded with fuel at Novatek's terminal at the Baltic Sea's port of Ust-Luga, where the company's fuel-producing complex was damaged earlier this month.

Russia's Novak says NORSI refinery repairs to take at least a month

Russian Deputy Prime Minister Alexander Novak said that repair work on Lukoil's NORSI oil refinery will take at least a month or a month and a half, in another setback for Russia's oil refining industry.

Baker Hughes achieves new hydrogen milestones to accelerate transition to hydrogen economy

Baker Hughes, an energy technology company, announced several milestones to support the growth of the hydrogen economy, as part of the company’s broader strategy in new energy.

BASF and Envision Energy enter a collaboration to drive sustainable energy solutions

BASF process catalysts announced a new collaboration with Envision Energy, a leading green technology provider of comprehensive net zero solutions.

Borouge 4 construction surpasses 50% completion milestone

Borouge announced that the Borouge 4 project, one of the largest industrial projects underway in the UAE, is over 50% complete.

France drops plan to decrease farmers' diesel discount but protests to continue

The French government dropped plans to gradually reduce state subsidies on agricultural diesel but that seems not enough for angry farmers surrounding Paris and still threatening to converge on the capital in their tractors.

Mexico president admits fuel production still short to reach energy self-sufficiency

Mexico will be short of the fuel it needs to meet President Andres Manuel's Lopez Obrador goal of energy self-sufficiency when his term ends this year, he said during a recent press conference.