Europe

Moeve and Zaffra sign Memorandum of Understanding to develop eSAF facilities in Spain

Moeve (formerly Cepsa) and Zaffra, a joint venture between Sasol and Topsoe, announce the signing of a Memorandum of Understanding (MoU) that will see the Spanish energy firm and the Amsterdam based electro-sustainable aviation fuel (eSAF) developer take a step forward to advance European aviation fuel decarbonization.

Blue Water significantly reduces CO2 emissions by switching to HVO in port operations

Blue Water is taking a new step in its efforts to reduce the company's CO2 emissions by introducing hydrotreated vegetable oil (HVO) diesel as fuel for port activities in Esbjerg, Aarhus and Lindø, Denmark.

IATA: EU's 'green' fuel mandate costly and not helping environment

The International Air Transport Association (IATA) on Wednesday stepped up criticism of the European Union's sustainable aviation fuel (SAF) mandate as a costly initiative that is not helping the environment as regional supplies there remain low.

Trump's sanctions threat looms over Russian oil exports to China, India and Turkey

U.S. President Donald Trump threatened to hit buyers of Russian exports with sanctions unless Russia agrees to a peace deal over the conflict in Ukraine, potentially complicating Moscow's oil sales to China, India and Turkey.

Russia's June seaborne oil product exports down 3.4% m/m

Russia's seaborne oil product exports in June were down 3.4% from May at 8.98 MM tonnes (t) amid planned domestic refinery maintenance and strong domestic demand.

Russia`s Tatneft launches new hydrocracking unit on TANECO refinery

Russian mid-sized oil producer Tatneft has launched a new hydrocracking unit at its TANECO refinery.

Dow to close three European chemical plants, cut 800 jobs

Dow Chemical will shut down three chemical plants in Europe and cut around 800 jobs in response to structural challenges in the region, the chemicals company said. The company said the shutdowns will remove higher-cost, energy-intensive portions of Dow's portfolio in Europe.

Gunvor plans to halt oil terminal activities at Europoort refinery

Global commodities trading house Gunvor intends to mothball the terminal activities at its Europoort oil refinery in Rotterdam, Netherlands

EU to set up Critical Chemical Alliance to secure supply chains

The European Commission will work with EU member states and the chemicals sector to support production of chemicals identified as critical for Europe's industrial supply chains, the EU executive said.

Greenergy proposes to close Immingham biodiesel plant in the UK