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22 9月 2023

Carbon pricing needed to reach Al CO2 goals: Rain

Primary aluminium smelters cannot reach their emissions goals without costly technological measures to deal with emissions from carbon anodes, putting the onus on governments to incentivize such investments by putting a price on carbon, petroleum coke calciner Rain Carbon says. Carbon supply chain

22 9月 2023

Produtores de etanol reagem a novas medidas da UE

Participantes do mercado brasileiro de combustíveis demonstraram surpresa com as novas medidas de monitoramento da União Europeia (UE) sobre as importações de etanol no bloco, mas não esperam que a situação evolua para uma barreira comercial. Na semana passada, a Comissão Europeia anunciou a implem

22 9月 2023

US biofuel RINs drop on Russia export ban

The Argus Renewable Volume Obligation (RVO) fell to an 18-month low on Thursday as market participants bearing a RIN obligation reacted bearishly to Russia's ban on gasoline and diesel exports and high levels of RIN generation. The Argus RVO, a published RINs index that measures the cost of complyi

22 9月 2023

NYK bets on ammonia for sustainable bunkering

Japanese shipping firm Nippon Yusen Kaisha (NYK) expects ammonia to account for about 50pc of its marine fuel demand by 2050. The company, which has pledged net zero emissions from marine shipping by 2050, will utilize ammonia, biogas, synthetic methane and biofuels, but ammonia will take center st

22 9月 2023

Braskem to idle Pennsylvania PP unit: Update

Braskem America confirmed today it will be idling one of its polypropylene (PP) production lines at its Marcus Hook, Pennsylvania, plant. "To ensure the long-term resilience of Braskem America amid continuing global economic uncertainty and a trough in the chemical industry business cycle, we have

22 9月 2023

UAW expands strikes against GM, Stellantis

The United Auto Workers (UAW) is expanding its strikes against General Motors (GM) and Stellantis to target the companies' parts distribution centers nationwide. Union president Shawn Fain said a lack of progress on labor contracts with GM and Stellantis led to the expanded strikes — this time hitt

22 9月 2023

Braskem to idle Pennsylvania PP unit

Braskem America confirmed today it will be idling one of its polypropylene (PP) production lines at its Marcus Hook, Pennsylvania, plant. "To ensure the long-term resilience of Braskem America amid continuing global economic uncertainty and a trough in the chemical industry business cycle, we have

22 9月 2023

E-methanol GHG hinges on 'additionality'

E-methanol is touted by the marine fuel industry as a sustainable marine fuel option. But without "additionality", greenhouse gas (GHG) intensity of e-methanol can be higher than that of fossil marine fuels. "Additionality" is the concept that only brand new renewable energy projects can be used to

22 9月 2023

India’s JSW Steel sells US coal mine assets

Indian private-sector producer JSW Steel has entered an agreement to sell its US-based subsidiary Caretta Minerals' coal mines and assets to West Virginia Properties owing to lease termination. Caretta entered into the agreement on 20 September to sell its property, plant, equipment and mineral rig

22 9月 2023

Australia’s Ampol to trial renewable diesel blend

Australian refiner and retailer Ampol said it will trial a renewable diesel blend in the coming weeks after securing an initial customer in domestic building products and construction materials firm Hanson. Ampol said the two-month trial that will begin shortly will enable it to evaluate the feasib

22 9月 2023

Union commits to ending Chevron Australia LNG strikes

The Offshore Alliance (OA) union will cease strikes and accept a deal brokered by Australia's industrial umpire the Fair Work Commission (FWC) to end its dispute with Chevron Australia, after a late-night vote of more than 350 workers. The announcement is likely to end two weeks of industrial actio

21 9月 2023

US to analyze carbon 'cost' of federal programs

President Joe Biden is ordering federal agencies to start folding in estimates of the "social cost of carbon" into their annual budgets, procurement decisions and in environmental reviews. The new directive from the White House would require federal agencies to take a closer look at how their activ

21 9月 2023

Higher US BZ-to-crude ratio undermines SM unit margins

A recent rebound in the benzene (BZ)-to-crude ratio signals that the US Gulf coast BZ market is not only increasing in value but also has begun to squeeze out production of derivative SM. The BZ-to-crude ratio started September at 1.73 when BZ was valued at 360¢/USG and rose to an intramonth high a

21 9月 2023

UAW strike leads to layoffs at Stellantis

Global automaker Stellantis laid off workers at more plants amid an ongoing United Auto Workers (UAW) strike. The strike at Stellantis' Toledo, Ohio, Jeep pickup truck and SUV plant has led the automaker to temporarily lay off 68 workers at the Toledo Machining Plant in Perrysburg, Ohio, blaming st

21 9月 2023

Oneok-Magellan merger wins investor approval: Update

The merger between US midstream companies Magellan Midstream and Oneok will proceed after investors today voted in favor of the $18.8bn deal, creating one of the largest oil and gas pipeline companies in North America. Unitholders for the two Tulsa-based companies voted separately to approve the me

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