Economics
Avril expects biofuel-driven profit surge by 2030
French oilseeds group Avril expects its core profit to increase by over half by the end of the decade as its crop-based food, fuel and industrial products meet demand for lower-carbon goods.
Russia's Orsk refinery declares force majeure on fuel supply due to floods
Russia's Orsk oil refinery, which has halted output after widespread floods, declared force majeure on fuel supplies from April 8, according to a document issued by plant owner Forteinvest.
Borealis invests $4.95 MM in Porvoo steam cracker
Borealis announced a $4.95 MM investment in the cracker furnaces of its olefins unit in Porvoo, Finland.
Singapore’s EU ETS liabilities of $363 MM can accelerate green shipping initiatives
Singapore-registered vessels will be required to contribute a significant $363 MM share of Asian shipping’s total emissions liabilities under the EU ETS, underlining the importance of the Lion City as a key maritime hub for both global trade and decarbonization.
Scaling up SAF production with Fischer Tropsch technology
Johnson Matthey announced that DG Fuels has selected its award-winning Fischer Tropsch CANS technology – co-developed with bp – for DG Fuels’ first SAF plant in St. James Parish, Louisiana (U.S.).
Yokogawa upgrades the CENTUM VP integrated production control system
Yokogawa Electric Corporation announced the May 31, 2024 release of CENTUM™ VP R6.11.10, an enhanced version of the CENTUM VP integrated production control system that is a core product in the OpreX™ Control and Safety System family of solutions.
Biden administration's (U.S.) initial SAF subsidy model to raise climate hurdle for ethanol
The Biden administration will release a preliminary climate model for its SAF subsidy program in the coming weeks that is more restrictive than what the corn-based ethanol industry had expected.
The illusion of accuracy in analyzing plant failures
This article highlights the challenges faced by plant engineers in accurately determining damage mechanisms, discussing three common illusions of accuracy including temperature limits, reliance on single references, and confirmation bias during failure investigations.
OCP and Fortescue to partner to develop green energy, hydrogen and ammonia in Morocco
OCP Group and Fortescue Energy announced a landmark JV in Morocco which aims to supply green hydrogen, ammonia, and fertilizers to Morocco, Europe, and international markets.
Bureau Veritas awards Approval In Principle for methanol dual fuel system to Sasaki Shipbuilding
Bureau Veritas has granted an Approval in Principle to Sasaki Shipbuilding Co., Ltd for its methanol dual fuel system applied in a 9,000 DWT General Cargo Ship.
- Equinor selects Aker for Mongstad refinery upgrade project 5/1
- Australian researchers testing SAF production from landfill gases 5/1
- ACC responds to U.S. EPA's final risk management rule for methylene chloride 5/1
- Topsoe awarded contract to support FEED study for new low-carbon ammonia plant in Louisiana (U.S.) 5/1
- ClearSign Technologies receives burner contract for California (U.S.) refinery 5/1
- Traders scramble for U.S. storage as distillates demand disappoints 5/1