Environment
Refiner Neste warns of weaker biofuel outlook, shares drop
Finnish refiner Neste on Wednesday cut the margin outlook for its biofuel business for the third time this year due to falling prices and also lowered its expected sales volumes, sending the company's share price down 10%.
Emissions-free truck prices need to drop by 50% to compete with diesel, study says
Prices of emissions-free trucks need to fall by as much as half to make them an affordable alternative to diesel models, a study by consultancy firm McKinsey published on Wednesday said, a necessary step to help achieve European Union climate targets.
Marathon's Detroit refinery gets new air permit to boost crude throughput
Michigan's environmental agency on Tuesday issued a new air permit to Marathon Petroleum covering emissions from its Detroit refinery, which will allow the refiner to boost crude throughput at the plant.
AIDA Cruises tests further biofuels
In the port of Rotterdam yesterday, AIDA Cruises, one of Carnival Corp.'s world-class cruise lines, refueled its AIDAprima cruise ship for the first time using 100% renewable bio-marine fuel as part of a pilot project to evaluate the fuel performance in regular ship operations for potential for future use.
Brookfield to invest up to $1.1 B in Infinium to scale ultra-low carbon eFuels
Infinium, one of the world’s first producers of commercially available ultra-low carbon eFuels, and Brookfield Asset Management have announced a strategic funding partnership to accelerate the growth of Infinium’s eFuels platform.
Schneider Electric and GR3N to tackle plastic recycling challenges and drive circularity in chemical sector
Schneider Electric, one of the world's most sustainable companies and a leader in the digital transformation of energy management and automation, has partnered with GR3N, the Polyethylene Terephthalate (PET) chemical recycler, to create the first open automation system for the advanced plastic recycling industry.
Transition to cleaner fuels seen dragging on China's oil demand growth
China's shift towards lower-carbon fuels and a sluggish economy are dampening oil demand growth in the world's largest crude importer.
Italy calls for early review of EU combustion engine ban
The European Union should decide already next year whether to rethink a regulation that effectively bans the sale of new petrol and diesel cars in the 27-nation bloc from 2035.
DNV awards Wallenius Wilhelmsen first B100 verification for biofuel insetting
DNV has awarded shipping and logistics company Wallenius Wilhelmsen its first biofuel insetting verification statement, recognizing the company’s use of B100 in a recent voyage.
Malaysia launches aviation decarbonization drive targeting net-zero emissions by 2050
Malaysia is targeting net-zero emissions in its aviation sector by 2050 through the launch of a decarbonization plan.
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