Europe
Germany to increase Kazakh crude oil imports, won't circumvent Russia sanctions
Germany will sign two contracts to increase oil imports from Kazakhstan for Berlin's main Schwedt oil refinery.
Russia's idle oil refining capacity in September seen up 34% vs August
Russia's offline primary oil refining capacity in September is set to jump 34% from August due to technical outages, Ukrainian drone attacks and seasonal maintenance. Offline capacity is seen at 3.87 MMt this month, or 14.5% of Russia's total oil refining capabilities. That is up from 2.95 MMt in August.
BASF inaugurates new plant for alkyl ethanolamines at its Antwerp Verbund site
BASF has inaugurated a new world-scale production plant for alkyl ethanolamines at its Verbund site in Antwerp, Belgium. This new investment will increase the company’s global annual production capacity for alkyl ethanolamines, including dimethyl ethanolamine (DMEOA) and methyl diethanolamine (MDEOA), by nearly 30% to over 140,000 tpy.
Ineos to cease refinery operations at Grangemouth
Petroineos has announced its intention to cease refinery operations at Grangemouth and transition to a finished fuels import terminal and distribution hub during Q2 2025.
NewEnergyBlue acquires Inbicon biomass conversion technology and international patent portfolio
NewEnergyBlue, the clean-technology designer of biomass refineries that turn agricultural waste into highly decarbonized biofuels and biochemicals, has finalized its purchase of Inbicon biomass-conversion technology from Ørsted, a renewable energy company based in Denmark.
Leading olive oil producer Spain turns to olive stones for fuel
The use of pits to fuel boilers in homes and small enterprises, mills and even flights in Spain's olive-growing heartland shows the role the industry and the country's vast agricultural sector can play in helping decarbonise hard-to-electrify sectors, like aviation.
bp, Iberdrola take FID on Spain's largest green hydrogen plant
bp and Iberdrola have given the green light for construction of a 25-MW green H2 project at bp's Castellón refinery, which is expected to be operational in 2H 2026.
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%.
Hungary's MOL reaches deals for oil transport via Druzhba pipeline
Hungary's MOL said it has reached deals with suppliers and pipeline operators for the continuous transportation of crude oil through Belarus and Ukraine via the Druzhba pipeline.
EU gives South Africa $35 MM in grants for green hydrogen plans
The European Union has pledged to give South Africa two grants worth ~$35 MM to accelerate its green hydrogen (H2) plans.
- LyondellBasell to sell select European petrochemical assets to AEQUITA 6/9
- Shell reports June 4 fire at ethylene cracker plant in Pennsylvania (U.S.) 6/9
- Plug Power, Allied Green Ammonia partner for $5.5-B, 2-GW electrolyzer project to produce SAF, green urea and green diesel 6/9
- Carbon Clean, MODEC to accelerate the scale-up of CycloneCC for offshore carbon capture 6/9
- Ebara Elliott Energy signs high-speed balancing bunker agreement to expand Middle East footprint 6/9
- Rotork joins Rockwell Automation’s Technology Partner Program 6/9
