Refining
Global oil refiners see short-term boost from higher margins
Refiners across the globe are reaping unexpected profits from producing key fuels in recent weeks, offering an ailing sector respite before an anticipated weakening later this year, as plant closures have tightened fuel supply needed to meet peak summer demand.
OCOchem commissions first pilot plant using multiple industrial-scale cells to directly convert CO₂ and water into organic molecules
In a landmark achievement for carbon utilization and sustainable chemical production, OCOchem has announced the successful startup and commissioning of the world’s first pilot plant to produce hydrogen formate and potassium formate at industrial scale using only carbon dioxide (CO2) and water as feedstocks.
Lummus Technology completes acquisition of NAPCON from Neste, expanding digital and AI capabilities
Lummus Technology announced the successful closing of its acquisition of the NAPCON portfolio, the digital technology business of Neste. Initially announced in April 2025, the transaction includes the transfer of Neste's NAPCON intellectual property, select assets and key personnel.
IATA expects sustainable aviation fuel production to double in 2025
The International Air Transport Association said it expects the amount of sustainable aviation fuel produced to double in 2025 to reach 2 MMt, representing 0.7% of airlines' fuel consumption.
RIC Energy and Siemens to jointly develop renewable H2, green ammonia and eFuels
The collaboration will especially boost the sustainable aviation fuel (eSAF) plant that RIC Energy is promoting in Cubillos del Sil (León), known as the Compostilla Green project, which was recently recognized by IDAE as the top-rated initiative under the H2 valleys program.
Trump administration (U.S.) axes $3.7-B in green energy projects
The U.S. has axed awards to 24 green energy projects issued during U.S. President Joe Biden's administration that totaled more than $3.7 billion, the Energy Department said. These include projects from ExxonMobil, Heidelberg Materials and Eastman Chemical
Nigeria's Dangote oil refinery extends WTI buying spree into July
Nigeria's Dangote oil refinery will import at least 5 MMbbl of U.S. WTI crude oil in July, three trading sources said, extending its buying spree after a potential record tally for June.
Petroecuador declares emergency at Ecuador's biggest refinery after fire damages
Ecuador's state oil producer Petroecuador declared a 60-day emergency at the South American nation's largest oil refinery, its second emergency in one month, after a fire this week caused damage to some fuel tanks.
U.S. administration considers plan to clear record backlog of small refinery biofuel waivers
The White House (U.S.) is weighing a plan to clear a record backlog of requests from small refineries for exemptions from U.S. biofuel laws, which could include approving many current applications and requesting industry input to deal with older ones.
Lotte Chemical Titan signs contract to buy naphtha from Aramco Trading Singapore
Malaysia's Lotte Chemical Titan has signed a three-year contract to buy naphtha from Aramco Trading Singapore starting in July 2025 and running to June 2028, the company said.
- Carbon capture tops agenda at GPAE Conference 2025 6/17
- INEOS to cease phenol production at German site, cites high European energy costs and CO2 tax policy 6/17
- Petrobras signs $892 MM in contracts to complete RNEST Train 2 refinery expansion 6/17
- China's May refinery throughput at 9-month low on plant overhauls (1) 6/17
- bp completes turnaround work at 250,000-bpd refinery in Washington (U.S.) 6/17
- Japan's Eneos restarts 77,000-bpd Kawasaki CDU after unplanned shutdown 6/17
