U.S.
Global refiners face profit slump as new plants come online
Oil refiners in Asia, Europe and the U.S. are facing a drop in profitability to multi-year lows, marking a downturn for an industry that had enjoyed surging returns post-pandemic and underlining the extent of the current slowdown in global demand.
U.S. offers $1.56-B conditional loan for Indiana ammonia facility
The U.S. Department of Energy (DOE) has made a conditional loan guarantee of up to $1.56 B to Wabash Valley Resources to help build a low-emissions ammonia production facility in Indiana.
Rising jet fuel stocks weigh on U.S. West Coast refiner margins
Refiner margins on jet fuel averaged $0.05/gallon (gal) at the Los Angeles trading hub last month, the lowest in at least five years, as low demand and high supplies pushed inventories to a record high.
Canada's Woodland Biofuels to invest $1.35 B at Port of Louisiana (U.S.) for renewable fuels plant
Canadian renewable fuel company Woodland Biofuels has announced an investment of $1.35 B at the Port of South Louisiana to establish a renewable natural gas (RNG) plant and ultra-green hydrogen (H2) facility.
Gevo granted U.S. patent for its novel ethanol-to-olefins process technology
Gevo, Inc. announced the U.S. Patent and Trademark Office has granted to Gevo a patent for its ethanol-to-olefins process, focusing on bio-based renewable fuel and chemical production from alcohols.
Chemicals maker Dow lowers 3Q revenue forecast on partial outage at Texas plant
U.S. chemicals maker Dow has lowered its 3Q revenue forecast due to a partial outage at one of its plants in Texas following Hurricane Beryl this past summer.
Occidental's 1PointFive secures funding of up to $500 MM from U.S. DOE
Occidental Petroleum's carbon capture and sequestration (CCS) unit 1PointFive said on Thursday that the U.S. Department of Energy's Office of Clean Energy Demonstrations (OCED) has committed up to $500 MM to support the development of its South Texas Direct Air Capture (DAC) Hub.
Water & Carbon Group launches first operational fixed-plant system in the U.S. to remove PFAS from raw leachate
In a groundbreaking development for the solid waste industry, The Water & Carbon Group has launched the first operational fixed-plant system in the U.S. for removing per- and poly- fluoroalkyl substances (or PFAS) from raw leachate.
NewEnergyBlue acquires Inbicon biomass conversion technology and international patent portfolio
NewEnergyBlue, the clean-technology designer of biomass refineries that turn agricultural waste into highly decarbonized biofuels and biochemicals, has finalized its purchase of Inbicon biomass-conversion technology from Ørsted, a renewable energy company based in Denmark.
U.S. EIA lifts oil demand forecast, says prices will recover to above $80/bbl
Global oil demand is set to grow to a bigger record this year while output growth will be smaller than prior forecasts.
- 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
