Refining
Wood Mackenzie: Defining the energy transition
As the energy landscape rapidly transforms due to decarbonization, electrification and geopolitical shifts, Wood Mackenzie has released five compelling charts that highlight key trends shaping the sector in the latest Horizons report.
Global diesel prices to rely on refinery closures for support in 2025
The global diesel market will likely find price support in 2025 from the closure of about 1% of refining capacity, traders and analysts said, offsetting current weakness and structural downward pressure as the world shifts to cleaner fuels.
Chevron upgrades Pasadena refinery to increase capacity, feedstock and product flexibility
Chevron U.S.A. has completed a retrofit of its refinery in Pasadena, Texas (U.S.), which is expected to increase product flexibility and expand the processing capacity of lighter crudes by nearly 15% to 125,000 bpd.
bp extends GFA with ABB as supplier of automation across upstream/downstream assets
ABB has extended its relationship with bp through signing a five-year Global Frame Agreement to supply automation, electrical and telecommunications equipment across bp’s upstream and downstream assets and facilities.
Phillips 66 teams with NextEra Energy Resources to power Rodeo Renewable Energy Complex with solar facility
Phillips 66 is teaming up with a subsidiary of NextEra Energy Resources, LLC to power Phillips 66’s Rodeo Renewable Energy Complex with a 30.2-MW solar facility.
Global airlines could miss sustainable fuel targets, says IATA
The aviation industry is not moving fast enough to reach its targets for producing and using sustainable aviation fuel, the head of airline trade body IATA Willie Walsh said, as it aims for net-zero emissions by 2050.
Air Liquide receives EU grant to develop large-scale H2-from-ammonia ENHANCE project
Air Liquide has been awarded a grant of €110 MM from the European Innovation Fund for its ENHANCE project in the port of Antwerp-Bruges, Belgium, that aims to produce and distribute low-carbon and renewable hydrogen (H2) derived from ammonia.
Two dead, 9 injured, 4 missing in blast at Eni site near Florence
Two people died, nine were injured and four were missing after an explosion on Monday at a fuel storage facility owned by Italian energy group Eni near Florence, local authorities said.
Aramco, TotalEnergies and SIRC assess the development of SAF unit
Aramco, TotalEnergies and Saudi Investment Recycling Company (SIRC), the major player which collects and valorizes organic materials into sustainable products in Saudi Arabia, have signed a joint development and cost sharing agreement (JDCSA) to assess the development of a sustainable aviation fuels (SAF) production unit in the Kingdom of Saudi Arabia.
Hycamite, MOLEA and MOL PLUS sign MoU to promote methane-splitting for power generation and marine vessel propulsion
Hycamite TCD Technologies Ltd., MOLEA Ltd. and MOL PLUS Co. Ltd. have signed a memorandum of understanding (MoU) to cooperate in promoting the application of methane-splitting for power generation and propulsion onboard marine vessels.
- Update: IATA airlines chief warns aviation industry falling behind on net-zero 4/7
- Improved recycling of plastic from packaging waste 4/7
- 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
