Refining
US refiner margins to stabilize next year as plant closures cut supply
U.S. refiner margins for gasoline and diesel will be relatively unchanged next year, the U.S. Energy Information Administration said, signaling relief for fuel producers who saw profits slump sharply since 2022 on slowing demand growth.
Germany blocks oil firms from using past emissions credits to support biofuel industry
The German cabinet approved reforms to restrict oil companies from carrying excess emissions reductions credits forward, in a step aimed at boosting the biofuel industry that was hit by a quick drop in carbon prices in recent years.
Japan refiners maintain profitability in H1, outperform Asian rivals
Net income at Japanese oil refiners fell in the first half of their fiscal year, but they maintained profitability and outperformed their South Korean rivals as strong domestic margins shielded them from a weak overseas market.
Topsoe to provide technology for one of Brazil’s first commercial-scale SAF plants
Topsoe will provide its HydroFlex and H2bridge technologies to Refinaria de Petróleo Riograndense's 16,000-bpd renewable diesel and sustainable aviation fuel plant in Brazil.
Glencore-Chandra Singapore refinery to earmark 20% of output for Shell
Glencore and Chandra Asri, gearing up to complete their takeover of Shell's landmark Singapore refinery, have set up a new operating company and will earmark roughly 20% of output for the plant's outgoing owner.
Fire at Indian Oil Corp's Mathura refinery injures eight
At least eight people were injured in a fire at the Indian Oil Corp's 8-metric MMtpy refinery in Mathura, Uttar Pradesh, late Tuesday.
Dangote Oil Refinery can now process winter diesel, executive says
The Dangote Oil Refinery has the capacity to produce winter diesel for the European market, a further indication of its potential to disrupt the global refining market.
DG Fuels to build $5-B, 193-MMgpy SAF facility in Minnesota (U.S.)
DG Fuels announced the selection of a site for a roughly $5-B manufacturing facility in Moorhead, Minnesota, that will produce 193 MMgpy of low-carbon aviation fuel (SAF) using agricultural and wood waste as feedstock.
BASF to build additional production capacity for X3D® catalyst shaping technology in Ludwigshafen
BASF announced that it will invest in additional production capacity for its X3D® technology, a new additive manufacturing technology for catalysts based on 3D printing. The plant will produce catalysts on an industrial scale and is expected to be operational in 2026.
Neste, Air Canada sign agreement for the supply of 60,000 tons of Neste MY Sustainable Aviation Fuel
Neste and Air Canada have agreed on the supply of 60,000 tons of unblended, neat Neste MY Sustainable Aviation Fuel for use on flights from Vancouver International Airport.
- 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
- Addis Energy secures $8.3 MM to scale its transformative approach to low-cost ammonia production 12/5
- World Fuel Services supplies cruise line with waste-based biofuels 12/5
- Chevron announced $18 B-$19-B CAPEX budget for 2026 12/5
- Russia and India sign deal to build urea plant in Russia 12/5
