Diesel
U.S. manufacturing output has flat-lined, dampening diesel use
U.S. manufacturing production has barely increased since before the pandemic, which explains why diesel consumption remains anaemic and has not rebounded in line with expectations at the start of the year.
Technip Energies awarded a significant contract for IOCL’s grassroots naphtha cracking unit at Paradip (India)
Technip Energies has been awarded a significant contract by Indian Oil Corporation Limited for the license, basic engineering design package, proprietary equipment and catalyst supply and related services for the 1.5-MMtpy Paradip naphtha cracker unit block of the grassroot petrochemical complex in Paradip, India.
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Spotlight on Asia
bp to acquire full ownership of bp Bunge Bioenergia while refocusing plans for new biofuels projects
bp has agreed to acquire Bunge’s 50% holding interest in its bp Bunge Bioenergia S.A. joint venture, one of Brazil’s leading biofuels-producing companies.
Holborn awards KT - Kinetics Technology EPC contract for HVO project in Germany
KT - Kinetics Technology (Integrated E&C Solutions), also leveraging the technological know-how of NEXTCHEM (Sustainable Technology Solutions), has been awarded by HOLBORN Europa Raffinerie GmbH (HOLBORN) an engineering, procurement and construction (EPC) project to develop an hydrotreated vegetable oil (HVO) complex inside the existing HOLBORN’s refinery in Hamburg, Germany.
U.S. oil refining capacity rises for second year in a row, reaching > 18.3 MMbpd
U.S. crude oil refining capacity rose 1.5% to 18.38 MMbpd this year, a government report showed on Friday as a major new expansion in Texas boosted capacity.
OMV to invest €750 MM at Petrobrazi to produce sustainable fuels
OMV Petrom will invest approximately €750 MM at Petrobrazi to transform the refinery into the first major producer of sustainable fuels in the region.
Malaysia begins diesel subsidy reforms, prices to rise by about 50% on Monday
Diesel fuel prices in much of Malaysia are set to rise by roughly 50% on Monday as the government begins shifting away from costly blanket subsidies to a targeted approach that mainly helps the needy.
Cerilon GTL advances engineering work, with FID scheduled for mid-2026
Cerilon announced today that it has successfully completed front-end-loading (FEL 2) for its gas-to-liquids (GTL) facility in North Dakota and is moving into front-end engineering design (FEED), the last stage before the company makes a final investment decision (FID) for its foundational GTL project.
India's May fuel use inches up on month on strong industrial activity
India's fuel consumption edged higher in May from the previous month, as strong industrial activity and general elections boosted fuel demand in Asia's third-largest economy.
- Neste, Braskem partner on supply of renewable and recycled feedstocks for polymers and chemicals production 10/23
- India's diesel consumption to rise 3%–4% in current fiscal year 10/23
- U.S. crude, gasoline inventories rise, distillates draw down 10/23
- Russia's Surgutneftegaz awards annual tender for diesel, fuel oil exports 10/23
- California expects the EPA to approve 2035 zero-emissions vehicle plan 10/23
- Russia ships rare naphtha and fuel oil cargoes to Indonesia 10/23