Environment
AFPM statement on path ahead for global plastic waste agreement
American Fuel & Petrochemical Manufacturers (AFPM) Vice President of Petrochemicals and Midstream Rob Benedict issued the following statement at the conclusion of the United Nations’ Intergovernmental Negotiating Committee (INC- 5.2).
Britain will not bail out bioethanol industry hit by Trump trade deal
The failure of the industry, which supports thousands of jobs, could prove to be an embarrassment for Prime Minister Keir Starmer, who hailed May's trade deal as a boost to businesses that would protect employment and attract investment.
The API challenges Trump plan to cut biofuel import credits
The mounting criticism puts the White House in the position of having to side with either farmers looking to prioritize domestic supply, or refiners seeking cheaper feedstock.
IAG selects record 29 startups for accelerator program
International Airlines Group (IAG) has selected a record 29 startups to join the 2025 IAGi Accelerator, marking the largest cohort in the program’s 9-yr history.
KWE and Shell Aviation sign new agreement on the use of SAF
Under this agreement, KWE will adopt Shell Aviation's digital platform "Avelia" to swiftly address shippers' low-carbon transportation needs.
South Korea to announce plan to restructure petrochemical sector facing 'grave' situation
South Korea's government will announce a plan this month to restructure the country's petrochemical sector, which is in a "grave" situation, Industry Minister Kim Jung-kwan said.
Thyssenkrupp Nucera abandons U.S. green hydrogen projects no longer deemed feasible
Thyssenkrupp Nucera is in intensive discussions with stakeholders in its U.S. projects and is abandoning those no longer deemed feasible due to tax and spending changes initiated by the U.S.
Phillips 66's Bayway refinery's gasoline unit at reduced rates after fire
Phillips 66 has reduced gasoline output at its 258,000-bpd Bayway refinery in Linden, New Jersey after a fire near the plant's gasoline producing unit
Japan's Eneos shuts 77,000-bpd Kawasaki No.3 CDU for maintenance
Japan's biggest refiner, Eneos Corp, has shut the 77,000 barrel-per-day No. 3 crude distillation unit at its Kawasaki refinery, near Tokyo, on August 9 for scheduled maintenance
- ITT to acquire SPX Flow for > $4.77 B, expanding leadership in highly engineered components and adjacent flow technologies 12/5
- MOL Group introduces eco-friendly Bag-in-Box packaging for lubricants 12/5
- Russia and India sign deal to build urea plant in Russia 12/5
- U.S. liquid fuels groups announce progress on E15, small refinery exemption reform 12/5
- Million Air and Avfuel bring SAF to Austin, Texas (U.S.) 12/5
- Chinese refiners buy oil from storage, raise output with fresh import quota 12/5
