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Economics

Southwest Airlines signs agreement with USA BioEnergy to purchase up to 680 million gallons of SAF

Southwest Airlines Co. announced an offtake agreement with USA BioEnergy, LLC for up to 680 million gallons of neat SAF.

Wizz Air wins 2nd consecutive CAPA Asia Aviation Summit award for SAF usage

For the second year in a row Wizz Air has been awarded the CAPA Global Environmental Sustainability Airline/Airline Group of the Year.

Nigeria brings major Dangote refinery to life with own oil supply

Nigeria's state oil firm NNPC Ltd will supply the new 650,000-bpd Dangote oil refinery with up to six cargoes of crude oil in December to be used in test runs.

Russia's October seaborne diesel exports fall on ban, maintenance

Seaborne diesel and gasoil exports from Russian ports fell 11% in October from a month earlier to about 2.55 MMt due to major maintenance work at refineries and a fuel export ban.

PetroChina aims to resume Venezuelan oil imports after 4-year pause

China's PetroChina is proposing to buy up to 8 million barrels a month of Venezuelan crude from state-run oil company PDVSA hoping to resume a trade suspended four years ago by U.S. sanctions.

Indonesia's palm oil consumption for biodiesel to exceed food for first time in 2023

Indonesia's domestic palm oil consumption for biodiesel will exceed its consumption for food for the first time in 2023, the Indonesia Palm Oil Association said at an industry conference.

Lummus launches upgraded Helixchanger technology

Lummus Technology announced the launch of its latest heat exchanger technology, the Helixchanger 2.0 system.

U.S. SAF production target faces cost, margin challenges

The United States' goal of rapidly ramping up production of SAF may encounter strong headwinds as producers balk at the low margins for the biofuel and some airlines flag concerns over the costly switch.

Belgium drafting new fuel quality law targeting exports to Africa

Belgium is set to shut the door on rising exports of low-quality gasoline and diesel to West Africa as it follows the Netherlands in tightening environmental rules.

API Releases Standard for the Inspection and Assessment of Refractory Linings

The American Petroleum Institute is pleased to announce the publication of Recommended Practice (RP) 982, Inspection and Assessment of Refractory Linings.