Americas

Adding EVs to U.S. biofuels law is environmental agency's 2023 task

The Biden administration could change the nation's biofuel blending law next year to offer lucrative credits to electric vehicle manufacturers like Tesla, a major rewrite that the oil industry criticizes as subsidizing the EV industry.

U.S. begins buying back oil for strategic reserve

The U.S. Energy Department said on Friday it will begin buying back oil for the Strategic Petroleum Reserve, or SPR, the first purchase since this year's record 180 MM barrel release from the stockpile.

Mexican airline Volaris exploring sustainable fuel options

Mexican low-cost carrier Volaris is exploring options to obtain sustainable aviation fuel (SAF), including a potential deal in the United States, the airline's top executive said in an interview following the company's investor day.

Chevron unlikely to invest more in Venezuela in short term, says CEO

Chevron Corp is unlikely to add investment in Venezuela in the next six months despite a recent U.S. license to allow it to expand its operations in the South American country, Chief Executive Michael Wirth said.

Flexibility in catalyst technology for improved bottoms upgrading

Bottoms product from fluidized catalytic cracking (FCC) is typically one of the least valuable products from a refinery.

Industry Perspectives: Despite reaching $180 B, new project announcements are down year-over-year

Nichols, Lee, Hydrocarbon Processing Staff

Over the past year, the Global Energy Infrastructure database has tracked more than $180 B in new project announcements.

Solving maldistribution: Catalyst loading and why it matters

Maas, E., Sigaud, J., Shell Catalysts & Technologies; Poussin, G., Caldas, T., CREALYST-Oil

Are your reactor yields lower than forecast? Does your fixed-bed catalytic reactor suffer from hotspots?

United Airlines invests millions into proposed Oregon biofuel refinery

United Airlines will add $37.5 MM into a proposed biofuel refinery in northwest Oregon, per a report by OPB.

Refiner Phillips 66 to boost investor returns by up to $12 B

Refiner Phillips 66 said it plans to return up to $12 B more to shareholders by end-2024 through dividends and stock buybacks, sending its shares up as much as 3%.

Fire breaks out at Chevron's El Segundo, California refinery

Chevron said fire crews responded to an isolated fire inside its 269,000-barrel-per-day El Segundo refinery in California on Tuesday, with no injuries due to the incident.