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Europe

SOCAR ships Azeri BTC oil to Thailand via Cape of Good Hope

Azerbaijan's state oil company SOCAR is shipping Azeri BTC oil to Thailand via Africa's Cape of Good Hope to avoid the Red Sea.

Stamicarbon secures contracts for ultra-low energy urea plant in China

Jiangsu Huachang Chemical Company awards to Stamicarbon, the nitrogen technology licensor of the MAIRE engineering group, licensing and equipment supply contracts for a urea melt plant in China.

Qair and Airbus join forces to advance SAF in Occitanie, France

Qair and Airbus announced the signing of a memorandum of understanding to jointly structure the SAF sector in the French Occitanie region.

NextChem awarded licensing and equipment supply based on its proprietary technology for an ultra-low energy urea melt plant by Jiangsu Huachang Chemical Co.in China

Maire announces that NextChem, through its nitrogen technology licensor Stamicarbon, has been awarded licensing and equipment supply contracts for a urea melt plant in China by Jiangsu Huachang Chemical Co.

Fuel tanker Luggati loads at Novatek's Ust-Luga terminal

The tanker Luggati is being loaded at Novatek's NVTK.MM terminal at the Baltic Sea port of Ust-Luga, where the company's fuel-producing complex was damaged by fire in January.

Maintenance shutdown planned for Czech Litvinov oil refinery in April-May

Czech oil refiner Unipetrol will perform maintenance on its 109,000 bpd Litvinov oil refinery from April 4 to May 15.

Traders divert Russian oil products around Africa to avoid Red Sea

Traders were diverting cargoes with Russian oil products around Africa to avoid the Red Sea due to a heightened risk of attacks by Yemen’s Iran-aligned Houthi group.

Nextchem awarded licensing and engineering design package for Norsk e-fuel’s first industrial scale e-fuel plants located in Norway

NextChem has signed a contract with Paul Wurth S.A. and Norsk e-Fuel AS for a licensing and engineering design package relating to NX CPO to be applied in the first industrial scale plant able to produce SAF from green hydrogen and biogenic CO2 in Mosjøen, Norway.

Sonichem launches project to transform the automotive industry with bio-based plastics

A consortium led by sustainable technology innovator Sonichem has been granted nearly $760,000 in funding from Innovate UK’s 'Resource efficiency for materials and manufacturing'  program.

Red Sea worries cause spike in refined fuel prices, but market will adjust

The main impact from the escalating tensions in the Middle East and the threat to ships transiting the Red Sea isn't on crude oil prices, but rather on the heightened vulnerability of refined fuels.