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Economics

India to allow diversion of up to 1.7 MMt of sugar for ethanol

India has decided to allow sugar mills to divert up to 1.7 MMt of sugar for ethanol production, as New Delhi aims to reduce disruptions in its ambitious biofuel program.

Ulstein Verft AS orders methanol-ready MAN 175D engines

Ulstein Verft AS, the Norwegian yard, has ordered 2 × 3 × MAN 12V175D-MEV methanol-ready engines in connection with the building of two Commissioning Service Operation Vessels for Bernhard Schulte Offshore, the offshore unit of international shipping corporation, Schulte Group.

Agreement to develop methanol solution for MAN four-stroke portfolio

MAN Energy Solutions has announced an agreement with Alfa Laval, the Swedish industrial concern, to develop a methanol fuel-supply solution for MAN four-stroke engines and its fuel-injection technology.

LOT Polish Airlines and SkyNRG partner for SAF offtake

LOT Polish Airlines and SkyNRG have joined forces to advance the aviation industry's sustainability efforts.

India will buy Venezuelan oil, says minister

India will buy Venezuelan oil as some refiners in the country have the capability to process heavy crude oil.

Fortescue gets €200 MM for Norway green ammonia plant

Australia's Fortescue said it received €200 MM from the European Union for its Holmaneset Project, a flagship green ammonia plant in Norway.

The Biden administration backs ethanol industry on low-emission aviation fuel tax credits

The Biden administration said it will recognize a methodology favored by the ethanol industry in guidance to companies looking to claim tax credits for SAF, a pivotal win for the politically powerful U.S. corn lobby.

Shell to sell Schwedt refinery stake to UK's Prax Group

Shell said it had agreed to sell its 37.5% stake in the PCK Schwedt oil refinery, which supplies most of Berlin's fuel, to Britain's Prax Group, attempting to draw a line under its co-ownership of an asset majority-owned by Russia's Rosneft.

Saras awards NextChem an engineering design study for the first green synthetic fuels pilot plant in Italy

MAIRE announces that NEXTCHEM, through its subsidiary NextChem Tech, has signed an agreement with Saras S.p.A for an engineering design study to accelerate the path towards decarbonization of Saras’ refinery in Sarroch, Sardinia.

The Biden administration poised to deliver win for ethanol makers on SAF credits

The Biden administration is expected this week to recognize a soon-to-be-updated methodology favored by the ethanol industry in guidance to companies looking to claim tax credits for SAF.