Economics
Refiner Valero beats profit estimates on resilient demand, tight supplies
Refiner Valero Energy beat first-quarter profit estimates, benefiting from sustained demand as supplies remained tight due to disruptions in Russia and maintenance work at U.S. refineries.
Diamond Green Diesel approves a SAF project at Port Arthur, Texas (U.S.)
Valero Energy Corporation and Darling Ingredients Inc. announced that the companies have made the final investment decision on a SAF project at the DGD Port Arthur (U.S.) plant, which is owned and operated by Diamond Green Diesel Holdings LLC, a 50/50 joint venture between Valero and Darling.
Wartsila secures China’s largest-ever methanol newbuild order
Technology group Wärtsilä will supply the methanol-fueled auxiliary engines for five new container vessels for COSCO Shipping Lines Co., Ltd and seven new container vessels for Orient Overseas Container Line.
Aspen Technology introduces new strategic planning for sustainability pathways solution
Aspen Technology, Inc. introduced AspenTech Strategic Planning for Sustainability Pathways – a new and unique integrated modelling and optimization solution that aims to guide companies in carbon capture utilization and storage decision making and sustainability strategy investments.
Imperial Oil gets Q1 boost from higher production; refining throughput weighs
Canada's Imperial Oil saw higher profit in its first quarter on as the integrated oil firm was helped by robust production but saw maintenance activities weighing on its throughput volumes.
KBR's phenol technology selected by SABIC Fujian Petrochemicals
KBR announced it has been awarded a contract by SABIC Fujian Petrochemicals to license KBR's market-leading phenol technology in China.
Honeywell Technology helping to produce SAF with lower cost and waste
Honeywell announced its hydrocracking technology can be used to produce SAF from biomass, helping to make SAF that is 90% less carbon intensive than traditional fossil-based jet fuels.
Nigeria's NNPC partners local firm on new 100,000 bpd refinery
Nigeria's state-owned oil firm NNPC Ltd signed an agreement allowing a local refiner to build and operate a 100,000 bpd refinery within NNPC's Port Harcourt Refinery complex in the south of the country.
Stranded cargo shows credit challenges at Nigeria's Dangote refinery
Chinese state energy major PetroChina has been waiting to unload a cargo of U.S. crude at Nigeria's giant new refinery for nearly a month due to payment issues.
Low U.S. distillate consumption reflects slow economic activity and biofuel substitution
U.S. distillate consumption so far this year is lower than usual because of warm winter weather, reduced manufacturing activity, and continued substitution of biofuels in place of petroleum distillate on the U.S. West Coast.
- DOMO Chemicals responds to surging demand in China with its new TECHNYL polyamide production plant 4/29
- Ineos shuts down Canadian unit for maintenance after chemical leak 4/29
- India's Chennai Petroleum sees two-year delay in building new 180,000-bpd refinery 4/29
- PetroChina profit boosted by stronger gas sales and fuel demand 4/29
- thyssenkrupp Uhde completes EnviNOx project for Dyno Nobel in Australia 4/29
- India receives fuel oil cargo in Russian SCF tanker after brief halt 4/26
