South America
Vitol group submits bid above $10 B for Citgo's parent
A group led by commodities trading house Vitol submitted a bid exceeding $10 B in the final hours of a court-organized auction of shares in the parent of Venezuela-owned refiner Citgo Petroleum.
Update: Brazil raises biofuel levels, sees gasoline self-sufficiency
Brazil's National Energy Policy Council (CNPE) on Wednesday approved increasing the level of biofuels mixed into fossil fuels, a move towards gasoline self-sufficiency that was also celebrated by renewable energy lobbies after the government earlier hinted the blends would not be changed this year.
Update: Venezuela's second largest refinery restarting units after blackout
Venezuela's state-run PDVSA was on Wednesday restarting several operational units at its 310,000-bpd Cardon refinery.
Wood to design upgrades at Ecopetrol refinery for cleaner fuels production
Wood has been awarded a contract by Colombia's majority state-owned oil company, Ecopetrol, to deliver the detailed engineering design for upgrades at its Barrancabermeja refinery in Colombia.
Brazil CNPE energy council to discuss increasing ethanol, biodiesel mandates
Brazil's National Energy Policy Council (CNPE), comprised of government ministers who advise fuel policy decisions, will discuss raising the mandated proportion of ethanol in gasoline to 30% from a current 27% at a meeting on Wednesday.
Peróxidos do Brasil reinforces leadership in South America with new strategic investment in Chile
Peróxidos do Brasil, a joint venture between Solvay and Produtos Químicos Makay (PQM), has announced a new strategic investment in its production unit in Chile, reaffirming its commitment to excellence in supply for customers across various markets in South America.
Venezuela's second-largest refinery halted due to power blackout
Venezuela's second-largest refinery, the 310,000-bpd Cardon plant operated by state company PDVSA, has been halted due to a power blackout.
Petrobras signs $892 MM in contracts to complete RNEST Train 2 refinery expansion
Brazilian state-run oil firm Petrobras announced on Monday it signed contracts worth approximately 4.9 billion reais ($892.3 MM) for the completion of a new refining unit at its RNEST refinery.
GreenSinnergy, Axens sign MoU to advance SAF projects in Argentina and Latin America
GreenSinnergy GmbH, a company specialized in green project developments, and Axens, a global provider of technologies and services for the production of cleaner fuels, have signed a memorandum of understanding (MoU) to explore the development of sustainable aviation fuel (SAF) projects in Argentina and across Latin America.
Syzygy Plasmonics awards FEED for NovaSAF™ 1—the world’s first electrified biogas-to-SAF plant—to Kent
Syzygy Plasmonics, a global leader in electrified biogas-to-SAF technology, has announced the initiation of front-end engineering and design (FEED) with Kent for NovaSAF 1, the world's first electrified biogas-to-SAF facility.
- 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
- Chinese refiners buy oil from storage, raise output with fresh import quota 12/5
- Honeywell to supply integrated automation systems for flagship UK carbon capture projects 12/4
- Aduro Clean Technologies collaborates with ECOCE to advance plastics recycling in Mexico 12/4
- FincoEnergies launches GoodFuels B15: A reliable and compliant drop-in biofuel for inland shipping 12/4
