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Refining

U.S. imports of renewable diesel increased in the early months of 2024

In the first five months of 2024, U.S. imports of renewable diesel averaged 30,000 bpd, approaching the monthly record set in May 2023.

Marathon Petroleum's profit beats as volume boost offsets weak refining margins

Marathon Petroleum beat second-quarter profit estimates, as higher volume of crude processing and a strong midstream segment helped offset low refining margins, sending the shares of the top U.S. refiner up 4.9% before the bell on Tuesday.

Saudi's small crude price hike for Asia shows bigger concerns

Asia's beleaguered oil refiners have received welcome relief on two fronts as crude prices slide and top supplier Saudi Arabia offered some relief.

Mexico's new oil refinery to cover 20% of fuel needs in weeks, president says

Production at a new refinery owned and operated by Mexico's state-run oil company Pemex will meet a fifth of the country's motor fuel needs within two weeks, President Andres Manuel Lopez Obrador said on Monday.

NextChem to conduct a feasibility study for a 60,000-tpy SAF plant in Indonesia

NextChem (Sustainable Technology Solutions) has been awarded a feasibility study, along with PT Tripatra Engineers and Constructors, for a 60,000-tpy sustainable aviation fuel project located in Sei Mangkei, Indonesia.

Flint Hills Resources to build solar farm to help power Corpus Christi refinery operations

Flint Hills Resources has announced it will be building its second company-owned solar installation to help power its U.S. refinery operations.

Japan's gasoline imports seen rising through August as refinery outages cut output

Japan's gasoline imports are expected to stay elevated through August after rising 20% in June as outages at its refineries are reducing output during peak summer demand season.

Head of Hungary's MOL sees no reason to wean off Russian oil

The head of Hungarian oil and gas giant MOL has said he sees no advantage in Hungary weaning itself off Russian oil supplies, and dismissed warnings of fuel shortages in the country as “politics.”

Verbio launches ethanol production at its biorefinery plant in Iowa (U.S.)

Verbio has commenced the commercial production of corn-based ethanol at its biorefinery facility in Nevada, Iowa.

NextChem to provide NX CPO technology to SAF pilot plant in Italy

NextChem will provide the license and the proprietary equipment related to its NX CPOTM technology to Saras’ SAF pilot facility in Sarroch (Sardinia).