Economics
The Biden administration backs ethanol industry on low-emission aviation fuel tax credits
The Biden administration said it will recognize a methodology favored by the ethanol industry in guidance to companies looking to claim tax credits for SAF, a pivotal win for the politically powerful U.S. corn lobby.
Shell to sell Schwedt refinery stake to UK's Prax Group
Shell said it had agreed to sell its 37.5% stake in the PCK Schwedt oil refinery, which supplies most of Berlin's fuel, to Britain's Prax Group, attempting to draw a line under its co-ownership of an asset majority-owned by Russia's Rosneft.
Saras awards NextChem an engineering design study for the first green synthetic fuels pilot plant in Italy
MAIRE announces that NEXTCHEM, through its subsidiary NextChem Tech, has signed an agreement with Saras S.p.A for an engineering design study to accelerate the path towards decarbonization of Saras’ refinery in Sarroch, Sardinia.
The Biden administration poised to deliver win for ethanol makers on SAF credits
The Biden administration is expected this week to recognize a soon-to-be-updated methodology favored by the ethanol industry in guidance to companies looking to claim tax credits for SAF.
CITGO Corpus Christi Refinery (U.S.) earns third Energy Star certification
For the third time in four years, the CITGO Corpus Christi Refinery has earned the U.S. Environmental Protection Agency's ENERGY STAR certification, distinguishing the plant as a leader in energy and environmental management in the petroleum industry.
Neste enables first Thai Airways flight using SAF in cooperation with PTT and Petco Trading
Thai Airways, the flag carrier airline of Thailand, operated its first flight using Neste MY Sustainable Aviation Fuel in December, 2023.
Woodside, Santos proposed $52-B tie-up unlikely to be sealed until at least Feb
Australia's Woodside Energy and rival Santos are unlikely to announce any agreement on a proposed $52-B tie-up to create a global oil and gas giant until at least February.
India's Nov Russian oil imports up 3% from Oct - trade
India's Russian oil imports in November rose to a 4-month high of 1.6 MM bpd, up 3.1% from October, making up about 36% of the nation's overall imports last month.
Neste plans turnaround at Porvoo refinery in spring 2024
Finland's Neste said it will have a major turnaround at its Porvoo refinery for about nine weeks between April and June next year.
Singapore fuel oil inventories rebound to near three-month highs
Residual fuel oil inventories at key trading hub Singapore rebounded to nearly three-month highs as net imports recovered after a sharp decline last week.
- AVTL to develop ammonia terminal in Pipavav, India 6/20
- Chevron seeks buyers for 50% stake in Singapore refinery 6/20
- Asian refiners seek more Mideast oil after spot premiums jump on Israel-Iran conflict 6/20
- Mexican authorities discover clandestine mini-refinery in crackdown of illegal hydrocarbon trade 6/20
- Italy's Eni eyes new unit to manage oil refineries 6/20
- Inatech's Techoil implemented by Flint Hills Resources for a modern, integrated future 6/20
