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U.S. crude oil inventories rose as utilization drops

U.S. crude oil inventories rose for the ninth week in a row, surging to their most since May 2021, as refiners ran less oil during a strong maintenance season.

Kuwait to ramp up refined products exports from the 615,000-bpd Al Zour refinery

Kuwait is set to ramp up refined oil product exports from its new Al Zour refinery in the second half of 2023 to plug Russian shortfalls in Europe and meet growing demand in Asia and Africa.

ExxonMobil is planning to startup new CDU at its Beaumont refinery

ExxonMobil is planning to start the new crude distillation unit (CDU) at its 369,024-bpd Beaumont, Texas (U.S.), refinery this weekend.

Topsoe's ammonia technology selected for CIP's U.S. blue ammonia project

Topsoe’s ammonia technology has been selected for use at Copenhagen Infrastructure Partners' blue ammonia project along the U.S. Gulf Coast.

Axens launches Jetanol brand for its alcohol-to-jet fuel technology

Axens announced the launch of the Jetanol™ brand for its Alcohol-to-Jet technology.

Copenhagen Infrastructure Partners acquires Envo Biogas project in Tønder, Denmark

Copenhagen Infrastructure Partners has acquired the biogas project Envo Biogas in Tønder, Denmark from Anaergia. The project will produce green gas/fuels from organic waste.

Sinopec completes trial runs on 1-MMtpy Hainan province ethylene plant

China's Sinopec Corp. announced that it has completed trial runs at a 1-MMtpy ethylene plant in the southern Chinese province of Hainan.

United Airlines launches $100-MM SAF investment fund

United Airlines launched a more than $100 MM investment fund to support start-ups focused on the research and production of sustainable aviation fuel (SAF).

HPCL to begin ops on Barmer integrated complex in January 2024

India's Hindustan Petroleum Corp (HPCL) plans to start its 9-MMtpy Barmer refinery and petrochemical project in Rajasthan state by January 2024.

Bangladesh needs $1 B to import fuel oil and avert an energy crises

Bangladesh's private power producers will need $1 B in foreign currency to import fuel oil and avert an energy crisis this summer.