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05 十二月 2023

Cop: Global hydrogen trade initiatives launched

A host of hydrogen initiatives were launched today at the UN Cop 28 climate summit, indicating progress in increasing interoperability and reducing fragmentation in the sector. Heads of state and governments, as well as Hydrogen Council executives representing global industrial firms involved in th

05 十二月 2023

Cop: Fossil fuel phase-out in global stocktake draft

A new working document for the first global stocktake — a measurement of progress towards Paris Agreement goals — released today has language on phasing out fossil fuels. But the three options currently on the table show that parties remain critically divided on the issue. The text, still described

05 十二月 2023

Cop: Israel eager to tap Paris carbon market

Israel is aiming to take advantage of its "unique" solutions in a global carbon market developing under the Paris Agreement. The country has many companies that are developing technologies to store carbon or avoid emissions in various ways, from turning garbage into plastic to forms of direct air c

05 十二月 2023

Slow Asian demand offsets tight Group I base oil supply

A seasonal end of year slowdown in base oil demand is offering some respite to persistently tight Asian Group I base oil spot supplies. Asian Group I supplies have been structurally short since the closure of multiple Group I plants in recent years, while new or expansion projects in Asia are mostl

05 十二月 2023

Indian industry body seeks third round of EV subsidies

Major industry body the Federation of Indian Chambers of Commerce and Industry (FICCI) has submitted a proposal to the government, seeking an extension of subsidies on electric vehicles (EVs). FICCI has proposed to India's ministry of heavy industries that the existing Faster Adoption and Manufactu

05 十二月 2023

New Zealand's Genesis taps gas for renewables future

New Zealand's state-controlled upstream firm and utility Genesis Energy will pump profits from the Kupe gas field to support a NZ$1.1bn ($680mn) programme for renewables power generation and grid-scale battery storage. The solar, grid battery storage and wind power Gen35 programme will grow Genesis

04 十二月 2023

Cop: Brazil eyes methane reduction regulation by 2025

Brazil has committed to launch regulations aimed at reducing methane emissions from the oil and gas sector by the end of 2025. The announcement was made today at the UN Cop 28 climate summit's Global Methane Pledge Ministerial, where Brazilian energy and mines minister, Alexandre Silveira, said the

04 十二月 2023

ANP libera importação de biodiesel em jan

A Agência Nacional do Petróleo, Gás Natural e Biocombustíveis (ANP) autorizou a importação de biodiesel a partir de 2 de janeiro, conforme despacho publicado no Diário Oficial da União (DOU). Os produtores poderão recorrer da decisão. O volume de biodiesel importado pelos participantes de mercado é

04 十二月 2023

Cop: Brasil quer expansão global do etanol

A União da Indústria de Cana-de-Açúcar e Bioenergia (Unica) e a Agência Brasileira de Promoção de Exportações e Investimentos (ApexBrasil) planejam investir R$19,5 milhões para posicionar o etanol como uma das principais soluções para descarbonizar os transportes globalmente e auxiliar países a zer

04 十二月 2023

Cop: Brazil to join Opec+ as green gadfly

Brazil will join the Opec+ alliance to urge other oil-producing nations to move away from fossil fuels to more sustainable alternatives, President Luiz Inacio Lula da Silva said. Brazil's mines and energy minister Alexandre Silveira said last week that Latin America's largest economy and oil produc

04 十二月 2023

California R99 hop buoyed by canal issues, poor margins

The California renewable diesel head of pipeline (hop) market gained strength for most of November, buoyed by a drought that has restricted Panama Canal transits and lower renewable diesel (RD) margins that have raised costs for US Gulf coast producers. While the canal issues stifled market activit

04 十二月 2023

Phosgene leak occurs at Altivia plant in La Porte

Altivia's petrochemical plant in La Porte, Texas, had a leak of hazardous phosgene gas today, prompting an alert for area residents to shelter in place. Altivia reported an upset at the plant around 11:40am ET on 4 December that caused the release of phosgene gas. Emergency responders were dispatch

04 十二月 2023

Cop: Brazil pursues global ethanol expansion

Brazilian sugarcane industry association Unica and foreign trade agency ApexBrasil plan to invest R19.5mn ($3.9mn) to position ethanol as a key solution to decarbonize transportation globally and help countries reach net-zero emissions by 2050. Ethanol can provide the most feasible route to the goa

04 十二月 2023

Cop: Net zero targets misaligned with science: Report

Net zero targets are "misaligned" with science as only a small proportion include a commitment to phase out exploration, production and consumption of coal, oil or gas, a report from the Net Zero Tracker consortium found today. National net zero targets cover 88pc of global greenhouse gas (GHG) emi

04 十二月 2023

Cop: First UN carbon project registrations 'in 2H 2024'

The first offsetting projects under the new UN carbon market mechanism could be registered in the second half of next year, a member of its regulator said at the UN Cop 28 climate conference in Dubai. If countries approve the supervisory body's recommendations on requirements for admissible methodo

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