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Economics

New York lawmakers weigh clean fuel standard as legislative session ends

New York lawmakers are considering legislation that would create the first market for low-carbon fuels on the U.S. East Coast in order to help the state reach its decarbonization goals.

Nigerian regulator links Exxon to illegal lifting of petroleum from terminal

Nigeria's downstream oil regulator has alleged ExxonMobil Corp was involved in the illegal lifting of petroleum products from an offshore terminal, according to a letter of complaint to the petroleum ministry.

EPA's proposed eRIN program raises concerns and sparks legislative action

The Environmental Protection Agency is facing criticism over its proposed eRIN program, which could transform the renewable fuel standard and provide undue subsidies for electric vehicles at the expense of biofuels.

Neste enables Swedish airport and Västflyg airline to become the world's firsts to use SAF on all flights

Trollhättan-Vänersborg Airport in the southwestern part of Sweden, will be the first airport in the world to offer only blended sustainable aviation fuel for all aircraft refueling at the airport, which will significantly reduce greenhouse gas emissions of departing flights.

Valtek Valdisk High Performance Butterfly Valve, completes million-cycle test

Flowserve Corporation announced its Valtek Valdisk high-performance butterfly valve is licensor-approved for use in pressure swing adsorption applications.

The sustainable aviation fuel entrepreneurs poised for takeoff

Sustainable aviation fuel had a bumper year in 2022, with production soaring to at least 300 million liters, up 200% on the previous year, according to the International Air Transport Association.

India's May fuel consumption soars on robust manufacturing

India's fuel consumption surged in May with diesel sales scaling a record high, buoyed by strong factory activity in the third-largest oil consumer in the world.

Kent awarded three-year multi-site Master Services Agreement with TotalEnergies

Kent announces that it has been awarded a three-year Master Services Agreement with TotalEnergies for engineering services in the United States.

Axens builds on ExxonMobil MTBE Decomposition Tech for high purity isobutylene production

ExxonMobil Catalysts and Licensing LLC and Axens have signed an exclusive licensing alliance agreement allowing Axens to include ExxonMobil’s MTBE Decomposition Technology for high purity isobutylene in its portfolio.

thyssenkrupp Uhde awarded supply of new uhde ammonia converter cartridge including synthesis catalyst by İGSAŞ

thyssenkrupp Uhde and Johnson Matthey have been commissioned by İGSAŞ - İstanbul Gübre Sanayii A.Ş., Kocaeli to supply a solution to significantly reduce the pressure in the synthesis loop of an ammonia plant while maintaining the nameplate capacity of 1,200 mtpd.

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