U.S.
Diesel profit margins decline amid lower demand, more capacity
Profit margins for diesel are slumping as new refineries boost supplies and as mild weather in the northern hemisphere and slow economic activity eat into demand, putting oil prices under further downward pressure.
Seasonal U.S. fuel demand hits pandemic lows, weighs on refining margins
U.S. gasoline and diesel demand are at their weakest seasonal level since the 2020 coronavirus pandemic, data from the Energy Information Administration (EIA) showed on Wednesday, pushing refiners' margins to multi-month lows.
bp’s Cherry Point refinery turns feedstock into renewable diesel fuel. Here’s how.
bp is boosting biofuels production to 50,000 bpd globally by 2025. Here, bp provides insight into the company's Cherry Point refinery, in Washington state (U.S.), and the facility's co-processing techniques.
Heavy oil shortages are driving up refiners' cost
Mexican export cuts and a rerouting of Canadian output are shrinking already limited supplies of heavy crude in the Atlantic basin, driving up refiners' costs with a likely knock-on effect to industries ranging from shipping and construction to Middle Eastern power plants.
Brightmark plans $1-B investment in Georgia to convert plastic waste into the materials to make new plastic
California-based Brightmark has announced plans to invest nearly $1 B in Middle Georgia to build a factory that will take used plastic and turn it into the building blocks to make new plastics, while diverting hundreds of thousands of tons of waste each year from landfills.
Clariant introduces new solutions to reduce the environmental impact of plastics
Clariant is launching AddWorks PPA, a perfluoralkyl substances-free polymer processing aid product line, and AddWorks PKG 158, a highly efficient antioxidant solution with outstanding color protection, especially designed for polyolefins containing recycled material
Bia Energy Operating Co. announces significant developments for low-carbon methanol project at the Port of Caddo-Bossier in Northwest Louisiana
Bia Energy Operating Co. has announced significant project updates for its low-carbon methanol production facility at the 4,000-acre Port of Caddo-Bossier industrial multimodal facility in northwest Louisiana.
U.S. admin sets path for ethanol aviation fuel subsidies
The Biden administration (U.S.) has unveiled guidance for its sustainable aviation fuel (SAF) subsidy program, allowing corn-based ethanol to qualify if sourced from farms using climate-friendly techniques.
INEOS completes purchase of LyondellBasell's EO&D facility in Bayport, Texas (U.S.)
INEOS Oxide and LyondellBasell completed the sale of LyondellBasell’s ethylene oxide and derivatives (EO&D) business and associated production facilities located in Bayport, Texas to INEOS.
ACC responds to U.S. EPA's final risk management rule for methylene chloride
The American Chemistry Council (ACC) issued the following statement today in response to the U.S. Environmental Protection Agency’s (EPA) final risk management rule for methylene chloride under the Toxic Substances Control Act (TSCA).
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- Neste MY Renewable Diesel introduced to the Italian market in collaboration with fuel distributor Firmin 1/9
- U.S. DOE and EPA announce $6 MM to support development of advanced biofuels 1/9
- U.S. oil imports from Canada hit record ahead of tariff threat 1/9
- SOCAR's STAR oil refinery to supply jet fuel for Istanbul Airport 1/9
- Idemitsu to begin trial of non-edible oilseed crop for SAF 1/9
