Europe
Vopak Energy Park Antwerp starts market consultation for ammonia storage
Vopak is launching a market consultation for the storage of ammonia at its Vopak Energy Park Antwerp site in Belgium. The market consultation aims to gauge market interest and to gather detailed insight into customer demand. Vopak Energy Park Antwerp intends to finish the currently ongoing pre-FEED study by the end of 2024. Subject to market interest and a positive FID the start of operations is currently foreseen in 2029.
Neste to re-evaluate its renewable H2 plan and withdraw from investing into a 120-MW electrolyzer at the Porvoo refinery
Neste has decided to withdraw from investing into a 120-MW electrolyzer project to produce renewable hydrogen (H2) at its Porvoo refinery in Finland.
KKR to take 25% stake in Eni biofuel unit, valuing it at $13 B
U.S. fund KKR is buying a 25% stake in Italian energy group Eni's biofuel business Enilive, in a deal that values the unit at €11.75 B ($12.7 B) including debt.
Axens, IFPEN and JEPLAN launch commercial licensing of the Rewind® PET process
The project partners launched the commercialization (licensing) of the Rewind® PET process, enabling the further acceleration of the energy transition and the circular economy of plastics. Axens teams will now be able to market a complete Rewind® PET license package to their customers all over the world.
ProSep to deliver its Multiphase Adjustable Xtreme test units to Polish refiner
For the contract, ProSep will deliver one of its Multiphase Adjustable Xtreme (MAX+) Mixer's test units to a refinery in central Poland.
BGEN signs five-year contract with INEOS O&P UK
BGEN has announced that it has signed a five-year contract with the petrochemical manufacturer INEOS O&P UK. BGEN will provide a range of services to help INEOS optimize plant efficiency at its site in Grangemouth, Stirlingshire.
Wizz Air and Airbus to launch SAF trial ahead of EU mandates
Wizz Air will trial operations using sustainable aviation fuel (SAF) in collaboration with Airbus.
LYB completes acquisition of solvent-based recycling company APK
LyondellBasell (LYB) has become the full owner of APK AG in Merseburg, Germany.
Analysts expect EU carbon prices to soar by 2027
Analysts expect EU carbon permit prices will soar by 2027 as policy measures shrink supply, while their forecasts for 2025 and 2026 were little changed.
Fertiglobe becomes ADNOC’s platform for low-carbon ammonia growth globally
ADNOC announced the completion of its acquisition of OCI Global’s 50% + 1 shareholding in Fertiglobe, increasing its share in the Company to 86.2%, with 13.8% remaining in free float on the Abu Dhabi Securities Exchange (ADX).
- India not to raise petrol, diesel retail prices despite tax hike 4/7
- China teapot oil refiners improve run rates but demand woes, sanctions weigh 4/7
- U.S. refiners' shares hit near 2-yr lows as Trump tariffs spur fuel demand fears 4/7
- Update: India's fuel demand hits 10-month high in March 4/7
- Oil and gas investor Afreximbank earmarks $3 B to support locally-refined products 4/7
- China's Wanhua Chemical starts operation at new east China cracker 4/4
