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Latest oil products news
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US energy advocates ready last push on E15 deal
US energy advocates ready last push on E15 deal
New York, 21 January (Argus) — US energy groups are readying a last-minute push for Congress to authorize year-round sales of a higher-ethanol gasoline blend, including a meeting at the White House today. The American Petroleum Institute (API) and ethanol groups agreed on the framework for a sweeping biofuel policy bill earlier this month and have lobbied lawmakers to include the deal in larger legislation to fund the government after 30 January, multiple people familiar with the deal told Argus . But oil refiners that would lose the ability to bid for exemptions from annual biofuel blend quotas have pushed back aggressively. Supporters of the deal will head to the White House today for a meeting today to lobby for President Donald's Trump support, according to three people familiar with the matter. API will attend the meeting along with farm and ethanol advocates. The White House did not immediately respond to a request for comment. US representative Zach Nunn (R-Iowa) proposed an amendment to the spending package this week to include the deal hashed out by the oil group and farm interests. The deal would immediately authorize year-round sales of 15pc ethanol gasoline (E15) and would, starting in 2028, prevent larger companies from seeking exemptions from annual biofuel blend mandates while offering some small refiners that remain eligible annual 75pc exemptions. The US House Rules Committee is holding a meeting on Wednesday to decide whether to allow a vote on the Nunn amendment during eventual floor debate on the spending package. Any deal would have to be added to the House legislation and then confirmed by the Senate too before heading to Trump's desk. Unlocking permanent access to E15 would be a major victory for ethanol producers, who have long claimed wider access to the typically-cheaper blend would benefit farmers and drivers alike. Oil majors have grown more comfortable with E15 too unlike some of their smaller refining rivals, preferring consistent nationwide rules to costly workarounds like a looming shift in the midcontinent to a boutique fuel blend that would allow more ethanol. By Cole Martin Send comments and request more information at feedback@argusmedia.com Copyright © 2026. Argus Media group . All rights reserved.
Bitumen Danmark's new terminal set for 2027 completion
Bitumen Danmark's new terminal set for 2027 completion
London, 21 January (Argus) — Danish firm Bitumen Danmark's new bitumen terminal will go ahead in Nyborg and is expected to be completed around the middle of 2027. Once completed, the storage facility, including three tanks of 5,000m³ each and extra space for blending, will focus initially on the domestic Danish market, but could also feed neighbouring countries. The planned location changed late last year from Kalundborg to Nyborg . Bitumen Danmark said Nyborg would be an effective location for providing good value and for ease of distribution. A spokesman for the Port of Kalundborg stressed that no agreement was ever reached with Bitumen Danmark, barring an initial conversation about the potential project, adding that there is no ongoing project for a bitumen terminal there. The Nyborg terminal could be expanded at a later date and could accept bitumen vessels of up to 30,000dwt. Bitumen Danmark is in talks to enter into partnerships with international bitumen suppliers and traders and domestic distributors. Start up of the terminal could come by the second quarter of 2027. Denmark's bitumen imports totalled 191,000t in 2025, rising from 184,000t in 2024, with most vessels discharging in Nyborg. Demand is expected to firm this year against last year in Denmark and some surrounding markets, with participants expecting increased funding for roadworks. In Sweden, demand is set to be firm as the government has committed to expansive infrastructure and roadwork projects. The new terminal at Nyborg could also feed north Germany and southern Sweden. Funding is now in place for the terminal and the environmental permit has been sought. Bitumen Danmark is owned by German BVH Group, a key bitumen buyer and supplier in Germany and parts of central Europe. By Navneet Vyasan and Jonathan Weston Send comments and request more information at feedback@argusmedia.com Copyright © 2026. Argus Media group . All rights reserved.
Bad weather disrupts Mediterranean bunkering
Bad weather disrupts Mediterranean bunkering
Sao Paulo, 20 January (Argus) — Strong winds and heavy rainfall are disrupting bunkering operations at central and western Mediterranean ports, market participants said. The port of Malta has suspended inbound vessel traffic since 17 January because of strong winds and heavy rain, resulting in tight supply schedules and longer lead times, traders said. The weather in Malta is forecasted to remain challenging until the weekend. Sea conditions are very rough today, with waves of up to 11 metres and gale force nine wind, according to information site Maltaweather.com. Operational disruptions in Gibraltar and the Canary Islands are expected because of the same weather pattern, market participants said. Gibraltar's port authority expects unsettled conditions with gusts of 30 to 35 knots on Wednesday. By Natália Coelho Send comments and request more information at feedback@argusmedia.com Copyright © 2026. Argus Media group . All rights reserved.
Vioneo to shift planned MTP plant to China
Vioneo to shift planned MTP plant to China
London, 19 January (Argus) — Chemical start-up Vioneo has decided to build its planned 300,000 t/yr methanol-to-polymers (MTP) plant in China instead of Europe, saying a location close to green methanol supply will "enable pricing that works … and a faster route to market". The China site will use the same technology partners, product specifications and sustainability commitments as the proposed European project. Production is likely in 2029-30, with capacity unchanged at 200,000 t/yr of polypropylene and 100,000 t/yr of polyethylene, the company said. A spokesperson said Vioneo — a subsidiary of Denmark's Moller Holding — is "pulling out" of Europe for now but may return to build polymer capacity on the continent in future. The firm's priority is to bring "fossil-free plastics to market as quickly as possible", the spokesperson said, adding that moving to China will allow the company to be more competitive on pricing. Vioneo has already signed preliminary supply deals with buyers and said it can serve these global customers from Asia rather than Europe. Vioneo had previously planned to build its first commercial-scale unit in Antwerp, Belgium. Last month it said this plant would start up in 2029, using green methanol sourced from agricultural and forestry residues that do not compete with food production. But it also noted at the time that Europe lacked sufficient feedstock and that supply might need to come from Asia. The China plant will also use agricultural and forestry residues as feedstock, the spokesperson said. The company last month welcomed the European Bioeconomy Strategy, which aims to support the use of bio-based plastics and novel materials by 2027 alongside recycling. Vioneo said the strategy would "create real advantages" for its customer base. By George Barsted Send comments and request more information at feedback@argusmedia.com Copyright © 2026. Argus Media group . All rights reserved.
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