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ACC comments on 45V clean hydrogen production tax credit proposal

The American Chemistry Council issued the following statement after submitting comments to the Internal Revenue Service in response to the Section 45V Clean Hydrogen Production Tax Credit Notice of Proposed Rulemaking.

Indonesia sees 2024 biodiesel consumption rising to 11 MMt

Indonesia's unblended biodiesel consumption in 2024 is seen rising to 11 - 11.4 MMt from 10.7 MMt last year, leading to a possible fall in palm oil exports.

Yokogawa releases OpreX carbon footprint tracer to support decarbonization in the process manufacturing industries

Yokogawa Electric Corporation announced the development and release of OpreX Carbon Footprint Tracer, a solution in the OpreX Transformation lineup that targets the carbon footprint management needs of companies in the process manufacturing industries.

Biomass-based diesel and ethanol compliance credit prices decline 45% from start of year

The price of compliance credits for biomass-based diesel and ethanol has decreased about 45% since the start of the year, when prices were already the lowest in about three years.

MMA production via ACH Process and acrylonitrile-related production discontinued at Hiroshima, Japan plant, withdrawal from certain businesses to follow

The Mitsubishi Chemical Group hereby announces that it has decided to discontinue MMA monomer production by the ACH process as well as the production of acrylonitrile and acrylonitrile derivatives at the Mitsubishi Chemical Hiroshima Plant.

MAMII expands membership with Chevron, Seapeak, and TotalEnergies joining the initiative

Leading energy companies TotalEnergies and Chevron, and major gas carrier Seapeak, have joined the Methane Abatement in Maritime Innovation Initiative, led by SafetyTech Accelerator.

Vietnam aims to produce 100,000-500,000 tons of hydrogen a year by 2030

Vietnam aims to produce 100,000-500,000 metric tons of hydrogen a year by 2030 as part of its energy transition efforts, according to the country's hydrogen development strategy adopted earlier this month.

Spain's Cepsa, Apical begin work on Southern Europe's biggest biofuels plant

Spain's Cepsa and Apical Group's Bio-Oils unit began building what will be Southern Europe's largest biofuels plant able to produce 500,000 metric tons of renewable diesel and SAF per year, the companies said.

Digital Feature: A novel process to help refinery operations comply with the U.S. Renewable Fuel Standard

This article, exclusive to Hydrocarbon Processing, details a novel refinery processing technology that enables refineries to produce fuels that adhere to the U.S. RFS.

LG Chem and CJ CheilJedang join forces to commercialize bio-nylon

LG Chem and CJ CheilJedang have created a JV plant for bio-nylon production to penetrate the eco-friendly market.