Economics
RefuelEU aviation initiative: Council adopts new law to decarbonize the aviation sector
Following the adoption of a new regulation by the Council on the so-called ‘ReFuelEU aviation’ initiative, more renewable and low-carbon fuels will reduce the carbon footprint of the aviation sector and create a level playing field for a sustainable air transport in the EU.
Borealis and TotalEnergies start-up Baystar JV polyethylene unit
Borealis and TotalEnergies celebrate the start-up of their Baystar joint venture’s new 625,000 metric ton-per-year Borstar polyethylene unit, which more than doubles the current production capacity at Baystar’s site in Pasadena, Texas.
OMV and Wood collaborate on ReOil Technology licensing
OMV signed today a mutually exclusive collaboration agreement for the worldwide commercial licensing of OMV’s proprietary ReOil technology with Wood.
OMV to supply Air France-KLM with 2,000 mt of SAF this year
OMV the integrated energy, fuels & feedstock and chemicals & materials company headquartered in Vienna announced that it has signed an offtake agreement to supply 2,000 metric tons of SAF to the Air France-KLM Group in 2023.
The Airbus A321XLR test aircraft successfully completed its ‘early passenger flight’ demo powered with 30% SAF
the A321XLR successfully completed its ‘early passenger flight’ demonstration with 167 employees acting as passengers and was powered with 30% SAF, demonstrating action towards achieving the sector’s emissions reduction goals including in Airbus flight test activities.
Nigeria's NNPC now sole petrol importer
Nigeria's national oil firm NNPC Ltd has again become the sole importer of petrol because licensed local private firms are unable to obtain foreign currency four months after imports were opened up to private players.
India's September fuel demand slips 2% month-on-month
India's fuel consumption dropped 2% month-on-month in September, data from the Petroleum Planning and Analysis Cell of the oil ministry showed.
OPEC leaders make case for fossil fuels at Riyadh climate event
OPEC heavyweights said oil and gas should not be stigmatized in the climate debate and that the industry had a role to play in an orderly energy transition.
CPChem, QatarEnergy finalize financing on Ras Laffan, Qatar, petrochemicals project
Ras Laffan Petrochemicals, a joint venture company owned 30% by Chevron Phillips Chemical and 70% by QatarEnergy, announced that it has secured $4.4 B to finance an integrated polymers facility to be located in Ras Laffan Industrial City, Qatar.
Vietnam's largest refinery Nghi Son restarting after maintenance
Vietnam's largest refinery, Nghi Son, is in the process of a restart after major maintenance that began late August.
- Axens tapped for 3 new Vegan® licenses for SAF and renewable diesel production 1/8
- Neste, KPI OceanConnect and Global Energy collaborate for first delivery of Neste MY Renewable Diesel to Singapore marine sector 1/8
- Neste, Bayer collaborate to develop novel vegetable oils for possible renewable fuels production 1/8
- EIA: U.S. crude stocks fall, fuel inventories rise 1/8
- Sinopec's Zhenhai refinery says fire at crude unit has been put out 1/8
- U.S. Gulf Coast fuel oil imports hit record low as Latin America deliveries slow 1/8
