Economics
Turkey top destination for Russian diesel after EU embargo
Turkey remains the top destination for Russian diesel exports after an embargo on shipments to Europe forced traders to divert supplies to Asia, Africa, the Middle East and ship-to-ship loadings.
U.S. diesel stocks tighten but fear of shortage eases
U.S. inventories of distillate fuel oils such as diesel and heating oil have been depleting since the start of March, reversing some of the accumulation over the previous five months, mostly because of an acceleration in exports.
China's low-sulfur marine fuel exports up 38% in March; fuel oil imports hit decade-high
China's exports of low-sulfur marine fuels rose 38% in March from the previous year, while monthly fuel oil imports soared to a decade-high.
China's big refineries crowd out teapots for discounted Russian oil
Chinese state oil giants and major private refiners are sweeping up more Russian crude, supporting prices and forcing smaller independents to seek out cheap alternatives such as Iranian oil.
Neste supplies SAF to Air Canada for flights from San Francisco International Airport
Neste and Air Canada are expanding their collaboration with an additional supply of 2.5 million gallons of Neste MY Sustainable Aviation Fuel.
MECS awarded spent acid regeneration plant at Sinopec Zhenhai
Sinopec Zhenhai Refining and Chemical Co., Ltd has contracted with MECS, Inc. and MECS Chemical Plants Equipment Co., LTD. for the license, design, engineering, and equipment for a spent sulfuric acid regeneration plant.
Digital Feature: Reducing the carbon impact of oil and gas projects toward net-zero with operations science
This work provides details on how optimized project management can help companies minimize greenhouse gas emissions in capital projects and their supply networks. As explained, this approach is a significant opportunity that can be capitalized to further reduce not only emissions but also the cost and duration of project delivery.
LEGO, Novo Nordisk agree to buy green methanol for plastic production
Toymaker LEGO said it had agreed to buy e-methanol, a lower-carbon alternative to conventional plastic ingredients, for use in its colorful plastic bricks when the world's first large-scale plant starts operations next year.
St. Charles Clean Fuels proposes $4.6-B reduced-carbon ammonia facility in St. Rose
St. Charles Clean Fuels is exploring the feasibility of building a $4.6-B ammonia production and export facility in St. Charles Parish, Louisiana.
France's Avril turns biodiesel focus to trucks from cars
French oilseed group Avril plans to double output of its 100% biodiesel fuel aimed at fleet trucks in 2023, at the expense of standard biodiesel mixed in car fuel, after the business helped the group post record results last year.
- Borouge reaffirms commitment to local manufacturing with new industry supply agreements 1/10
- Update: Turkey's Izmir refinery now expects to restart crude unit in Feb, IIR says 1/10
- Pertamina unit to produce ISCC-certified SAF in 1Q 1/10
- WTO panel largely backs EU in palm oil case against Indonesia 1/10
- Howard Energy Partners acquires ethylene pipeline from EPIC Midstream Holdings 1/10
- U.S. to impose further sanctions on Russian oil fleet and traders 1/10
