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Economics

U.S. EPA to announce temporary expanded sales of higher-ethanol gasoline blend

The U.S. Environmental Protection Agency announced plans to temporarily expand sales of higher-ethanol blends of gasoline this summer, a win for the corn ethanol industry that will likely see demand increase.

Elliott weighs Citgo bid as creditor group eyes Conoco for own offer

Hedge fund Elliott Investment Management is weighing a bid for shares in the parent of oil refiner Citgo Petroleum under a U.S. court-ordered auction, while a group of creditors represented by Centerview Partners aims to lure ConocoPhillips to join another offer.

Lower oil refinery output hits value of Russia's Q1 exports

Lower production at Russian oil refineries was partly to blame for the continued decline in the country's exports in the first quarter of this year.

China's March jet fuel exports jump 77.4% from a year earlier

China's jet fuel exports in March surged to 1.98 MMt, up 77.4% from the previous year, as international flight volumes ramped up.

Nigeria strikes deal with Shell to supply $3.8-B methanol project

Nigeria has struck a deal for Shell to supply gas to its proposed $3.8-B Brass methanol facility, resolving a major hurdle to a final investment decision on the project.

Singapore fuel oil stockpiles rebound to 8-week high on higher imports

Singapore's onshore fuel oil stockpiles rebounded to an eight-week high amid an increase in imports.

Clariant launches new CATOFIN 312 propane dehydrogenation catalyst

Clariant announced the launch of CATOFIN 312, its latest propane dehydrogenation catalyst.

Solvay inaugurates new blowing agent production unit in Rosignano, Italy

Solvay announced the opening of its groundbreaking Alve-One production unit in Rosignano, Italy.

Meridian Energy Group’s Davis Refinery Project in North Dakota (U.S.) will be the world’s first net-zero carbon refinery

The Davis Refinery is a fully-permitted 49,500-bpd, innovative, greenfield refinery being built in Belfield, North Dakota (U.S.) will utilize state-of-the-art environmental technology and controls to produce ultra clean transportation fuels for local and regional sales.

Lummus expands R&D capabilities to enhance innovation and water and wastewater technologies

Lummus Technology announced the opening of its cutting-edge research and development facility dedicated to advancing its Zimpro suite of water and wastewater treatment technologies.