Europe
INERATEC secures €70-MM financing commitment for Europe’s largest eFuel production
Sustainable eFuel production pioneer INERATEC has formally agreed to a €40-MM venture debt loan with the European Investment Bank (EIB) and a €30-MM grant with Breakthrough Energy Catalyst. The combined €70 MM backing will finance construction of Europe`s largest sustainable eFuel production plant in Frankfurt and eFuel research and development of future, key steps in decarbonizing aviation.
Russia's seaborne fuel oil exports fall in February
Russia's seaborne fuel oil and vacuum gasoil exports dropped 15% in February from the previous month to around 3.3 MM tonnes (t) due to lower production, stormy weather, delayed loadings and drone attacks.
LNG retrofits surge as maritime industry seeks short-term carbon reduction solutions
A surprising development in 2024 was the resurgence of LNG retrofits as shipowners sought immediate carbon reductions to navigate regulatory requirements. More than 305 LNG-fueled ships were ordered last year, accounting for approximately 14% of newbuilding orders, significantly outpacing methanol and ammonia alternatives.
Blue Water and Arcadia eFuels partner for CO2 transport
Blue Water and Arcadia eFuels have signed a Memorandum of Understanding (MoU) to create a CO2 logistics partnership for the transport of liquid CO2 for Arcadia eFuels’ upcoming production facility in Vordingborg, Denmark.
Fire put out at oil refinery in Baku (Azerbaijan)
A fire at a 130,000-bpd oil refinery in Azerbaijan's capital Baku was extinguished on Wednesday, emergency cervices said.
Solvay to nearly halve CO2 emissions at Torrelavega plant by 2027 with major biomass project
Solvay is taking another decisive step to phase out coal at its soda ash and bicarbonate plants with a new energy transition project in Torrelavega, Spain, aiming to nearly halve carbon dioxide (CO2) emissions by 2027 and ensure the site’s long-term competitiveness.
Shell is considering selling off chemical assets in Europe and the U.S.
Shell is considering a potential sale of its chemicals assets in Europe and the United States, the Wall Street Journal reported, citing sources familiar with the matter. The energy group has hired Morgan Stanley to conduct a strategic review of its chemicals operations, the report said.
MAIRE awarded various EPC contracts, totaling $3.5 B
MAIRE announced that its subsidiaries TECNIMONT, KT-Kinetics Technology and NEXTCHEM and have been granted new awards for a total amount of approximately $3.5 billion for engineering and procurement and construction activities related to petrochemical and hydrotreating projects, as well as high value engineering services for a waste to chemical project.
Huntsman Polyurethanes secures ISCC+ Certification for TPU production sites
Huntsman announced that its Thermoplastic Polyurethane (TPU) manufacturing sites in Jinshan, China, and Osnabrück, Germany, have successfully secured ISCC+ Certification – the globally recognized standard for sustainability and traceability in supply chains.
Orlen and Equinor agree to develop carbon capture projects
Polish refiner Orlen and Norway's Equinor have signed a memorandum of understanding (MoU) on the development of carbon capture and storage (CCS) projects.
- Honeywell collaborates with SAF One and Tata Projects to enable sustainable aviation fuel production 1/29
- Casale and OMNI Sign MoA to jointly advance waste-to-green methanol and hydrogen technologies 1/29
- GIZ and thyssenkrupp nucera partner to advance green hydrogen and power-to-X markets in India 1/29
- IACS issues new Unified Requirement on ammonia release mitigation systems 1/29
- TotalEnergies and Mozambique announce the full restart of the $20-B Mozambique LNG project 1/29
- CF Industries, POET launch low-carbon fertilizer pilot to cut ethanol production carbon intensity 1/29
