Europe
Global diesel prices soften as inventories edge upward
Global distillate fuel oil inventories remain much lower than normal for the time of year but there are signs they are no longer falling which has eased some of the upward pressure on prices.
Borouge signs agreement with NPCC to supply critical materials for key energy projects in UAE
Borouge Plc announced that it has signed a Memorandum of Understanding with National Petroleum Construction Company, a UAE-based Engineering, Procurement and Construction Company.
thyssenkrupp Uhde inks service contract with Hive Energy for Spanish green hydrogen plant
thyssenkrupp Uhde has been engaged by Hive Energy Limited to deliver a pre-FEED to support the development of Hive’s first green hydrogen / ammonia production plant in Spain.
BASF first to commercially produce metal-organic frameworks for carbon capture
BASF is the first company to produce metal-organic frameworks on a production scale of several hundred tons per year.
RefuelEU aviation initiative: Council adopts new law to decarbonize the aviation sector
Following the adoption of a new regulation by the Council on the so-called ‘ReFuelEU aviation’ initiative, more renewable and low-carbon fuels will reduce the carbon footprint of the aviation sector and create a level playing field for a sustainable air transport in the EU.
OMV and Wood collaborate on ReOil Technology licensing
OMV signed today a mutually exclusive collaboration agreement for the worldwide commercial licensing of OMV’s proprietary ReOil technology with Wood.
OMV to supply Air France-KLM with 2,000 mt of SAF this year
OMV the integrated energy, fuels & feedstock and chemicals & materials company headquartered in Vienna announced that it has signed an offtake agreement to supply 2,000 metric tons of SAF to the Air France-KLM Group in 2023.
The Airbus A321XLR test aircraft successfully completed its ‘early passenger flight’ demo powered with 30% SAF
the A321XLR successfully completed its ‘early passenger flight’ demonstration with 167 employees acting as passengers and was powered with 30% SAF, demonstrating action towards achieving the sector’s emissions reduction goals including in Airbus flight test activities.
Russia keeps ban on gasoline exports and cross-border sales of diesel by railway
Russia's ban on gasoline exports and cross-border sales of diesel by railway remains in place.
Russia resumes seaborne diesel exports after partially lifting ban
Russia, the world's top seaborne exporter of diesel just ahead of the United States, resumed exports of the fuel on after it lifted its ban on most fuel exports following a decline in domestic wholesale prices.
- Aramco signs MoU with Microsoft to help advance industrial AI and digital talent transformation 2/23
- Chandra Asri's chlor alkali-ethylene dichloride project reaches 50% completion 2/23
- Indorama Ventures and AMB Spa introduce industrial-scale breakthrough for recyclable multilayer trays 2/23
- deugro delivers critical equipment for Technip Energies project in U.S. 2/23
- HIF Global and German eFuel One GmbH sign HoA for e-methanol offtake 2/20
- Venezuela's refineries boost processing to 35% of capacity 2/20
