Economics
Lake Charles Methanol announces plan for new $3.2-B manufacturing plant in Southwest Louisiana
Lake Charles Methanol II, LLC announced plans to invest $3.24 B to construct a new manufacturing plant that will produce low-carbon intensity methanol and other chemicals at the Port of Lake Charles.
Natixis joins United Airlines as corporate partner with investments in expansion of SAF
Natixis Corporate & Investment Banking announced its investment in the United Airlines Ventures Sustainable Flight Fund - the first of its kind venture fund focused on funding startups dedicated to scaleup of SAF production through advancing technology and sustainable feedstock development
Nigeria's new Dangote refinery to export fuel oil, naphtha cargoes
Nigeria's Dangote oil refinery has issued tenders to sell two fuel cargoes for export, the first from the newly commissioned refinery.
U.S. crude stocks rose while gasoline and distillate inventories fell
U.S. crude stocks rose while gasoline and distillate inventories fell in the week ending February 9, 2024 the Energy Information Administration said.
Russia's seaborne oil product exports fell in January, calculations show
Russia's January seaborne oil product exports fell 8.6% from a year earlier and 2% from the previous month to 10.792 MMt owing to lower processing and unplanned refinery repair work.
Uganda says it is in talks to import all its oil via Tanzania
Uganda is negotiating with Tanzania to import all of its oil products through Dar es Salaam, which would mean an end to imports via Kenya's Mombasa port.
Singapore fuel oil inventories draw for second consecutive week
Singapore's onshore fuel oil inventories fell for a second straight week as an uptick in exports exceeded a climb in imports.
Russia's Novatek resumes processing at damaged Ust-Luga complex
Russian energy company Novatek resumed gas condensate processing at its Ust-Luga complex after the site was damaged last month by a suspected Ukrainian drone attack.
EE North America and Montauk Renewables forge agreement for biogenic CO2 delivery
In a pivotal move towards sustainable energy solutions, EE North America and Montauk Renewables, Inc. have signed a long-term contract for the delivery of 140,000 tpy of biogenic CO2 over a minimum 15-year term.
Mabanaft is granted $13 MM in funding for the construction of a new solar methanol plant in Australia
Together with Australian renewable energy company Vast, Mabanaft is assessing to build a demonstration plant with a capacity of around 7,500 tons of green methanol per year.
- ExxonMobil plans 1 Blbs/yr of advanced recycling by 2027 11/22
- Gauging the likely Trump effect on U.S. energy and power sectors 11/22
- Russia's Lukoil restoring cracker at NORSI refinery, gasoline output rising 11/22
- Nigeria's local currency crude sales fall short of target, Dangote refinery says 11/22
- U.S. October gasoline imports hit post-pandemic low on slump in European shipments 11/22
- Clean Hydrogen Works awards McDermott FEED contract for Ascension Clean Energy (ACE) project 11/21
