Environment
China sets sights on heavy truck electrification in blow to diesel demand
By 2030, EVs will make up 40% of new heavy truck sales in China and 20% of the total fleet, or 1.6 MM vehicles.
Russia authorizes refineries to lower gasoline environmental requirements to stave off fuel shortages
Ukraine has for months targeted Russian refineries, pipelines and fuel depots in an effort to curb Moscow's ability to finance the war on its neighbor.
IMO definition of Brazil corn ethanol carbon footprint a landmark step
In May, the IMO defined the default value of Brazilian corn ethanol's carbon footprint at 20.8 grams of carbon dioxide-equivalent (CO2e) per megajoule, specifically referring to biofuel produced from the country's intermediate or second-corn crop.
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Construction Boxscore: Project Spotlight
Project:
Long Son Petrochemicals Complex
Location:
Long Son, Vietnam
Operator:
Siam Cement Group
Cost:
$5.4 B
Capacity:
1.65 MMtpy
Completion date:
2023
Status:
Under Construction
