SOCAR to increase STAR Refinery’s production capacity

SOCAR Turkey will increase the crude oil processing capacity of the STAR Refinery in İzmir Aliağa, which is currently 11 million tons, to 13 million tons. Capacity will be increased at the Star Refinery, which is operated by the SOCAR Turkey group, which carries out the Turkey operations of the Azerbaijani oil company SOCAR. After

20 countries at COP26 promise to end financing for international fossil fuel projects

The international climate conference’s “energy day” dawned with fresh efforts to block the flow of money to fossil fuel companies, as activists brushed aside arguments from corporate leaders of coal, oil and gas firms that they need to help meet the energy needs of consumers over the next three decades. The United States and 20

MOL announces delivery of methanol dual-fuelled carrier “Capilano Sun”

Shipping company Mitsui O.S.K. Lines on 5 November announced the delivery of methanol carrier Capilano Sun at Hyundai Mipo Dockyard. The methanol carrier Capilano Sun can run either heavy oil or low-environmental impact methanol fuel. Hisafuku Kisen K.K. and Waterfront Shipping Company Limited will charter the vessel from MOL under a long-term contract. MOL is

Indian Oil introduces cleaner, more efficient diesel

Indian Oil Corporation Limited (IOCL) has rolled out XtraGreen which it calls a cleaner and greener form of diesel, at 126 of its fuel stations across 63 cities in the country. Launched at 126 fuel pumps across 63 cities XtraGreen improves lubricity and reduces engine noise IOCL also launched ‘One4U’ fuel gift card Indian Oil

Biofuel demand in road transport to fall as electrification gathers pace

The decarbonisation of EU road transportation will increasingly impact the demand for fossil and biofuel in the decades to come, according to a new study by Rabobank. The long-term outlook for biofuels, beyond 2045, does not look promising, as the expected decline in demand is likely to encourage biofuel companies to look for alternative uses

WWF warns of likely fuel spills if mine expansion goes ahead

Baffinland Iron Mines Corp.’s proposed expansion of its Mary River iron mine doesn’t necessarily mean there will be an increased likelihood of fuel spills, says the chairperson of a hunters organization. Moses Oyukuluk, chairperson of Arctic Bay’s Ikajutit Hunters and Trappers Organization, spoke during the community roundtable of the Nunavut Impact Review Board’s hearing on

Despite tight supply, US refiners export most gas in three years

While President Biden is fretting about high gasoline prices, even going as far as asking OPEC+ to raise oil output, US refiners are exporting the most gasoline in three years. Shipments of the fuel in the first eight months of the year rose to 802,000 barrels a day, the highest for the period since 2018,

Two New Vessels Illustrate Progress with Methanol-Fuelled Ships

The shipping industry is increasingly looking to methanol-fuelled vessels as the next step in the transition away from traditional heavy fuel oil. While supplies of methanol do not currently support a large-scale conversion, interest grew when shipping major Maersk announced that t was accelerating its efforts to launch methanol-fueled vessels. While Maersk’s vessels remain years

Maersk to go green early as new fuel options speed up transition

A.P. Moller-Maersk A/S, one of the world’s largest oil consumers, will reach its goal of becoming carbon neutral ahead of a 2050 deadline because the green transition in shipping is turning out to be easier than expected, its chief executive said. “It will go a lot faster,” CEO Soren Skou said. The Copenhagen-based company will

Ethanol production in the US reaches near record levels

The US Energy Information Administration says production averaged 1.107 million barrels a day, the second-highest average on record, and an increase of 1,000 barrels on the week and 56,000 on the year. The high of 1.108 million barrels a day was set in early December 2017. Margins have improved recently and plant capacity is reportedly