Economics
Nigeria's Dangote refinery supplies petroleum products to local market
Nigeria's Dangote oil refinery started supplying petroleum products to the local market, a company executive and fuel marketing associations said, a major step in the country's quest for energy independence.
Petroperu announces stoppage at unit at Talara refinery
Peru's state oil firm Petroperu announced the stoppage of a key unit at its recently modernized Talara refinery through the end of June, due to power supply failures and operational problems which had been ongoing since early February.
U.S. petroleum product exports set another record high in 2023
Petroleum product exports from the U.S. averaged a record 6.1 MM bpdy in 2023, an 2.5% increase from 2022, according to EIA's Petroleum Supply Monthly.
Borouge commits to net-zero in its operations by 2045
Borouge, a leading petrochemicals company that provides innovative and differentiated polyolefins solutions, has committed to achieving net-zero across its scope 1 and 2 carbon emissions by 2045.
Evonik advances sustainable production with green electricity for specialty acrylates
Evonik’s Coating & Adhesive Resins Business Line has achieved a significant reduction in carbon emissions by powering the production of DEGACRYL specialty acrylates in Darmstadt with electricity from renewable sources.
The Neste refinery in Porvoo, Finland is gearing up for a significant turnaround in 2024
Neste maintains safe and uninterrupted refinery operations through regularly scheduled maintenance shutdowns, with preparations for the major turnaround at its Porvoo, Finland refinery, which commenced on April 1st, including shutdowns of process units occurring from April to June.
Solvay joins the Cyber Security Coalition to strengthen digital defenses
Solvay has become a member of the Cyber Security Coalition, a key step to strengthen its cyber defense capabilities and build a solid and secure digital ecosystem.
RINA grants Kindon New Energy Technology Approval in Principle for DAC green methanol offshore platform
The inspection, certification, ship classification and engineering consultancy multinational, RINA, has awarded Kindon New Energy Technology the Approval in Principle for its innovative green methanol offshore production platform solution.
Southwest Airlines acquires SAFFiRE Renewables and strengthens focus on sustainability
Southwest Airlines Co. announced the acquisition of SAFFiRE Renewables, LLC as part of the investment portfolio of its wholly owned subsidiary Southwest Airlines Renewable Ventures, LLC which is dedicated to creating more opportunities for Southwest to obtain scalable SAF.
Greece arrests member of gang that raked in $21 B from fuel-product smuggling
Greek authorities have arrested a senior member of an international gang that smuggled Latin American fuel products for illegal sale around the world, raking in an estimated profit of more than $21 B.
- Holland America starts pilot tests using renewable fuels on cruise liner 5/3
- U.S. admin sets path for ethanol aviation fuel subsidies 5/3
- Ryazan refinery (Russia) hit by drone strike 5/3
- Haldia Petrochemicals awards ethylene plant digitalization contract to Lummus 5/2
- INEOS completes purchase of LyondellBasell's EO&D facility in Bayport, Texas (U.S.) 5/2
- HPLNG delays commissioning of Chhara LNG import terminal in India 5/2