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Petrochemicals

bp targets farms and feedstock as biofuel race gathers pace

bp is considering buying stakes in biofuel feedstock producers and investing directly in farming ventures to secure supplies as the global race for the low-carbon fuel gathers pace.

EU countries set to finalize first green aviation fuel goals

European Union countries are set to finalize targets for airlines to increase their use of sustainable fuels as an initial step towards curbing CO2 emissions from aviation, a final version of the law showed.

Summit Next Gen to use Honeywell Ethanol-to-Jet Fuel technology for production of SAF

Honeywell today announced that Summit Next Gen will create a sustainable aviation fuel production platform using Honeywell Ethanol-to-Jet Fuel processing technology.

Venezuela's PDVSA to ramp up refining by 20% in 2023

Venezuelan state energy company PDVSA's new management expects to boost the country's oil production to 1.17 million bpd by year end while increasing refining and exploration activities, an internal planning document showed.

Technip Energies awarded a major LNG contract for the North Field South Project by QatarEnergy

Technip Energies is pleased to announce that a joint venture, led by Technip Energies in partnership with Consolidated Contractors Company, has won a major Engineering, Procurement, Construction and Commissioning contract by QatarEnergy for the onshore facilities of the North Field South Project.

Samsung Engineering and OMV sign MoU to jointly develop sustainable projects based on modularization

Samsung Engineering and OMV announced the signing of an MoU to cooperate on projects from the early development stage.

Stamicarbon awarded a 450-tpd green ammonia plant in the U.S.

Stamicarbon has signed a license agreement with its customer in the USA to develop a basic engineering design package for a 450-tpd green ammonia plant.

NextChem Holding's subsidiary Stamicarbon awarded new contracts for a green ammonia plant in the U.S.

MAIRE S.p.A. announces that its subsidiary NextChem Holding, through Stamicarbon, part of the Sustainable Technology Solutions business unit, has been awarded licensing and basic engineering design contracts for a 450 metric tons per day green ammonia plant by a prominent North American fertilizer producer.

Emirates airline creates $200-MM aviation sustainability fund

Emirates airline said it had committed $200 MM to a research fund focusing on reducing the impact of fossil fuels in commercial aviation, because hitting net zero emissions targets would not be possible with currently available options.

China cuts second batch of 2023 fuel export quotas

China has decreased its second batch of export quota volumes for refined oil products, consultancies and trader sources said, focusing on local demand during the refinery overhaul season and boosting domestic sales amid poor export margins.