Carbon Management
Bureau Veritas, Samsung Heavy Industries partner to develop CCS solutions
Bureau Veritas Marine & Offshore (BV), a world leader in testing, inspection, and certification, is partnering with Samsung Heavy Industries Co. Ltd. (SHI), a leading global shipbuilding and offshore engineering company, to develop floating carbon dioxide (CO2) storage units (FCSUs) and carbon capture and storage (CCS) projects in the Republic of Korea, with the aim to significantly reduce greenhouse gas (GHG) emissions.
Deep Sky secures $40-MM grant from Breakthrough Energy Catalyst to scale direct air capture
Deep Sky, the Quebec, Canada-based carbon removal project developer, has secured a $40-MM grant commitment from Breakthrough Energy Catalyst (Catalyst). The funds, subject to the satisfaction of funding conditions, will be allocated to the construction of Deep Sky Alpha (formerly Deep Sky Labs) and its associated research and testing of direct air capture (DAC) technologies.
Neste introduces co-processed renewable Neste RE feedstock for the polymers and chemicals industry
By co-processing renewable raw materials such as used cooking oil together with fossil crude oil in its conventional oil refinery in Porvoo, Finland, Neste is able to produce a complementary type of Neste RE, a drop-in feedstock for the production of plastics and chemicals.
Baker Hughes, UC Berkeley (U.S.) establish global decarbonization research institute
Baker Hughes, an energy technology company, and the University of California, Berkeley (U.S.) have announced a new long-term research partnership to establish the Baker Hughes Institute for Decarbonization Materials at UC Berkeley’s College of Chemistry.
Phillips 66 outlines nearly $3-B capital program for 2025
Phillips 66 announced a 2025 capital budget of $2.1 billion, including $998 million for sustaining capital and $1.1 billion for growth capital.
Mabanaft reaches agreement with Hapag-Lloyd to supply B30 bunker fuel in Hamburg
Mabanaft has reached an agreement with the shipping company Hapag-Lloyd for the supply of B30 biofuel. A first test delivery of 1,000 t of B30 VLSFO arrived on the container ship Delaware Express and reached Mabanaft's Waltershof tank terminal in the Port of Hamburg on December 12.
Gevo and LG Chem extend agreement for bio-propylene to accelerate commercialization using Gevo ethanol-to-olefins technology
Gevo, Inc. and LG Chem, Ltd. are extending their joint development agreement to assess existing assets for deploying Gevo’s ethanol-to-olefins (ETOs) technology while accelerating commercialization activities, considering project scale and end-product markets.
Samsung E&A awarded $955-MM contract for 650,000-tpy biofuels plant in Malaysia
SAMSUNG E&A announced that it secured the EPCC contract for a 650,000-tpy biorefinery that will have the capability to produce sustainable aviation fuel and other biofuels such as renewable diesel/hydrogenated vegetable oil. This biorefinery will be located within PETRONAS’ Pengerang Integrated Complex, Johor, Malaysia.
Wood Mackenzie: Defining the energy transition
As the energy landscape rapidly transforms due to decarbonization, electrification and geopolitical shifts, Wood Mackenzie has released five compelling charts that highlight key trends shaping the sector in the latest Horizons report.
BASF and INOCAS sign agreement to develop sustainable Macaúba oil supply in Brazil to produce bio-naphtha
BASF and INOCAS sign offtake agreement for Macaúba kernel oil and Macaúba pulp oil to further expand BASF’s renewable-based portfolio.
- Portugal's Galp plans to start producing biofuels in 2026 12/20
- Prax and Shell call off deal on stake in PCK Schwedt oil refinery 12/20
- Nigeria's Dangote Refinery hits 85% refining capacity 12/20
- India's BPCL buys first Argentinian crude oil cargo for Feb. delivery 12/20
- Sinopec's Zhenhai oil refinery expands capacity to 40 MMtpy 12/20
- Oil via Russia's Druzhba pipeline halted by technical problems 12/20
