Global Methane Pledge to put more pressure on LNG fuel proponents

Proponents of LNG as shipping’s interim future fuel will face another barrage today with the White House the latest institution to go on the attack. President Joe Biden is to unveil plans today at COP26, the major international climate summit taking place in Glasgow, to limit global methane emissions by 30% from 2020 levels by

Nigerian Refineries will meet local fuel demand

The 650,000bpd Dangote Petroleum Refinery, Nigerian National Petroleum Corporation (NNPC) and other modular refineries are expected to be the major drivers of Nigeria’s demand for petroleum products, which is projected to grow massively in the nearest future. Speaking at the just concluded 15th Oil Trading and Logistics (OTL) Africa Downstream Week in Lagos, the Group

PM Modi Surprises Climate Summit with 2070 Net-Zero Vow for India

Prime Minister Narendra Modi surprised delegates at the COP26 climate summit with a bold pledge: the world’s third-biggest emitter will reach net-zero by 2070. The announcement injected new life into talks that had been set back by a disappointing outcome from the Group of 20 meeting in Rome this weekend. Though India’s goal is two

Europe, Africa Bunker Fuel Availability Outlook

Bunker fuel oils are tight for prompt dates with several suppliers in Rotterdam, while ships face bunkering delays from weather suspensions in Malta and Algoa Bay. Longer lead times should be considered for HSFO380 stems in Rotterdam after supply tightened last week. Prompt product is more difficult to source, especially for larger quantities. Backwardation in

Sugar Prices Soar as Energy Crisis Boosts Ethanol Output

The global energy crunch is putting pressure on the sugar market as the world’s top exporters convert more cane into ethanol. Sugar hit a four-year high in October as energy supply shortages roiled commodity markets from magnesium to tomatoes. Facing rampant fuel inflation, Brazil and India are set to produce more ethanol from sugar cane,

Firm demand, lower output lift VLSFO market higher

Asia’s 0.5% very low-sulphur fuel oil (VLSFO) gained on Monday as firming utilities and bunkering demand for the fuel weighed on already tightening inventories, trade sources said. VLSFO output has declined recently as refiners switched to maximising production of higher value refined fuels amid soaring gasoil and gasoline refining margins. The VLSFO cash premium, front-month

Residue Hydro Desulfurization Catalyst market to Eyewitness Massive Growth by 2026

Residue hydro desulfurization is a procedure to remove sulfur, nitrogen, and other contaminant from natural gas and enhanced petroleum products including energy canvas, diesel energy, and others. As sulfur dioxide (SO2) is responsible for boosting pollution in the context, the process reduce SO2 drains from energies. These energies are majorly used in vehicles, aircraft keels,

Biofuels Would Receive $1 Bn Investment in Latest Biden Administration Proposal

The biofuels industry would receive a chunk of federal dollars as part of the latest draft of the Biden administration’s “Build Back Better Act” working its way through Congress The updated draft of the bill includes $1 billion in funding for the USDA to provide grants during the next 10 years to expand biofuel pump

How the petrochemicals industry can reduce its carbon footprint

The chemical building blocks derived from petrochemicals continue to play a crucial role in society. Syngas production contributes significantly to petrochemical CO2 emissions. The technology exists to significantly reduce syngas CO2 emissions at scale and help the industry on its road to net zero. Petrochemicals have played a crucial role in society for over 50

Coal industry did not show potential of clean tech quickly enough -WCA boss

The coal industry was not quick enough to explain the potential of clean technologies that can give the fossil fuel a place in a sustainable energy matrix, Michelle Manook, chief executive of the World Coal Association (WCA), told Reuters on Wednesday. Coal is considered a heavy polluter and environmentalists warn using it is an obstacle