Carbon Management
Boeing and Alder Fuels partner to scale SAF globally
Boeing and Alder Fuels announced a new partnership to expand production of sustainable aviation fuel (SAF) around the world. Using Boeing airplanes, the companies will test and qualify Alder-derived SAF, advance policies to expedite the transition to renewable energy in aviation.
Technip Energies and National Petroleum Construction Company create joint venture to accelerate energy transition
The new joint venture NT ENERGIES LLC aims to support energy transition in the UAE, the broader Middle East region and North Africa by providing added value services in blue and green hydrogen and related decarbonization projects
The downstream rundown: In case you missed it 7/15
In case you missed any downstream news, here are the top stories from last week.
BP aims to start producing SAF in Australia by 2025
BP is aiming to start producing sustainable aviation fuel (SAF) in Australia by 2025 after converting its oil refinery near Perth to produce renewable fuels.
Shell wants to share more of its blockbuster profits, CEO says
Shell is considering boosting shareholder returns on the back of bumper profits from soaring energy prices, while the extra cash will also help it shift more swiftly towards renewables and low-carbon energy.
Neste to receive funding from the EU Innovation Fund for chemical recycling project in Porvoo
Neste has received a positive grant decision for up to EUR 135 MM from the EU Innovation Fund for the company’s project to build chemical recycling capacities at its Porvoo refinery in Finland.
bp and thyssenkrupp Steel work together to advance the decarbonization of steel production
bp and thyssenkrupp Steel announced they have signed an MoU focused on the development of long-term supply of low carbon hydrogen and renewable power in steel production.
Neste delivers first ever CORSIA certified SAF to American Airlines
For the first time in aviation history a CORSIA certified batch of sustainable aviation fuel (SAF) was delivered to a commercial airline.
MHIENG wins contract for a FEED study relating to CO2 capture
The objective of this FEED study is to implement the CO2 capture plant at the repowered Genesee Generating Station Units 1 & 2, owned by Capital Power in Alberta.
World Fuel Services is now an authorized branded distributor of Neste MY Sustainable Aviation Fuel with the first supply location in France
Paris-Le Bourget Airport is the first location in France where World Fuel delivered Neste’s sustainable aviation fuel (SAF) as the authorized branded distributor.
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- LyondellBasell misses quarterly profit estimates on falling refining margins 11/1
- ExxonMobil sells French Fos-sur-Mer refinery to Trafigura consortium 11/1
- Drone crashes on oil depot in Russia's Stavropol region 11/1
- Lummus and Advanced Ionics establish partnership for green hydrogen 11/1
- Consortium to launch world's first commercialized PET bottle using bio-paraxylene 10/31
