U.S.
HIF Global secures nearly $165-MM in investments to develop eFuels
HIF Global announced a combined investment from existing shareholders and the Japanese energy company Idemitsu Kosan, securing $164 MM to fund its eFuels projects.
Ethylene downcycle puts nearly 25% of capacity at risk of closure
A series of unprecedented challenges to the global ethylene industry means that as much as 24% of global capacity is now under some threat of permanent closure according to new research by Wood Mackenzie.
KBR awarded digital solutions contract by OCI in Texas
KBR has been awarded a contract by OCI Global (OCI) to design and deploy its proprietary operator training simulator for OCI’s 3,000-metric tpd Texas Blue Clean Ammonia facility.
Signature Aviation to offer only blended Neste MY SAF for business aviation customers at LAX terminal
Enabled by its partnership with Neste, Signature Aviation, which operates the world’s largest network of business aviation terminals, is now providing only blended Neste MY Sustainable Aviation Fuel™ to all aircraft refueling at its terminal at Los Angeles International Airport (LAX).
U.S. renewable diesel glut hits refiners' margins
A rush by U.S. fuel makers to recalibrate their plants to produce renewable diesel has created a supply glut for low-emissions biofuels, hammering profit margins for refiners and threatening to impede a young industry.
NextDecade plans to take FID on LNG train 4 in 2H of this year
In the company's Q1 business update, NextDecade's Chairman and Chief Executive Officer, Matt Schatzman, provided an update on the company's LNG terminal project in south Texas (U.S.).
Worley selected to support the Bayou Bend CCS project
Worley, a global professional services company of energy, chemicals and resources experts, has been selected to design and evaluate carbon dioxide (CO2) gathering, handling and sequestration facilities for the Bayou Bend CCS LLC (Bayou Bend) joint venture located along the Gulf Coast in Southeast Texas.
Citgo Petroleum reports Q1 profit of $410 MM
Oil refiner Citgo Petroleum reported its first quarter net fell 56% to $410 MM, from $937 MM in the same period a year ago.
SAFFiRE Renewables biofuel pilot plant to be developed in Kansas
On its path to opening a facility designed to turn agriculture residue into a scalable biofuel business, SAFFiRE Renewables, LLC plans to break ground on its pilot plant near Liberal, Kansas, in late 2024.
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.
- Colombia's Ecopetrol to invest up to $700 MM in SAF production plant 4/2
- Ergon to invest $400 MM to expand gasoline production at Vicksburg refinery (U.S.) 4/2
- DB Schenker to use Neste's renewable diesel to decarbonize logistics in Asia 4/2
- U.S. EPA's upcoming proposal on biofuel blending mandates to cover two years 4/2
- ExxonMobil to invest more than $100 MM in Baton Rouge upgrade to produce high-purity isopropyl alcohol 4/2
- Stockholm Exergi to begin building one of the world's largest carbon capture projects using CATACARB Enhanced HPC 4/2
