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Europe

Launch of industry-first methanol powered sustainable shipping fund

ProMarine AG announces the launch of an industry-first sustainable shipping fund with an initial portfolio of four methanol-fuelled MR tankers led by Proman and Stena Bulk AB.

SICK and Endress+Hauser want to join forces in process automation

German sensor company SICK and Swiss tech specialist Endress+Hauser are pursuing a strategic partnership in SICK's process automation sector to enhance customer support in key areas like energy efficiency, resource conservation, and environmental protection and have signed a MoU to bolster their collaboration.

Yara and Navigator invest in Azane to build ammonia bunkering network

Yara Growth Ventures AS, the venture investment arm of Yara International ASA, and Navigator Holdings Ltd. today announced that they have each successfully acquired a 14.5% interest in the Norwegian startup Azane Fuel Solutions AS.

Clariant and Technical University of Munich celebrate renewal of sustainability and catalysis alliance “MuniCat”

Clariant and Technical University of Munich have renewed their long-term strategic alliance in the field of research and application of new catalyst systems.

thyssenkrupp Uhde awarded contract by ENOWA to supply a green methanol and methanol-to-gasoline plant

thyssenkrupp Uhde has been awarded a contract by ENOWA, NEOM’s energy and water company, for engineering services and the supply, design and procurement of equipment for a new CO2-to-methanol and methanol-to-gasoline demonstration plant at ENOWA’s Hydrogen Innovation and Development Center in Saudi Arabia.

Neste sees Singapore green jet fuel sales picking up from Q2 2024

Finland's Neste beat third-quarter core earnings forecasts and said SAF sales from its new Singapore facility would pick up from the second quarter of next year.

Axens, IFPEN, and JEPLAN commence operations at the Rewind PET facility in Japan for PET chemical recycling

Axens, IFPEN and JEPLAN entered into a partnership in 2020 to develop and license an innovative recycling process, called Rewind PET, that can be used to recycle all types of waste Polyethylene Terephthalate, especially those difficult to recycle mechanically.

Ireland could start producing sustainable jet fuel from 2030

Ireland's offshore wind power plans could see it produce SAF from around 2030 but "significant progress" is needed to develop SAF at scale.

Russian wholesale gasoline prices decline, diesel stable

Russian wholesale gasoline prices declined, while diesel was stable, with both remaining far below the levels seen on Sept. 21 when Russia introduced a ban on fuel exports to tackle high prices and shortages.

Saudi minister says oil firm acquisitions show that hydrocarbons 'here to stay'

Saudi Energy Minister Prince Abdulaziz bin Salman said that acquisitions by major oil firms such as Chevron's $53 B all-stock deal to buy Hess showed that hydrocarbons were here to stay.