The Neste Rotterdam refinery was shut down due to a November 8, 2024 fire. The fire has now been extinguished with no injuries. Neste is currently investigating the incident and restoration work will start as soon as possible. Based on our initial assessment, production at the Rotterdam refinery will be reduced for several weeks, affecting […]
On November 8, NATSO and SIGMA, representing nearly 80% of retail fuel locations, urged Congress to capitalize on growing momentum during the lame-duck session to extend several expiring tax credits, including the critical $1-per-gallon biodiesel blender tax credit. This tax incentive has been essential in reducing diesel costs, lowering transportation expenses, and supporting the nation’s […]
Despite the recent resurgence of palm oil prices above RM5,000 per ton, which has inspired some investment banks to turn bullish on the outlook for plantation stocks, some brokers are still cautious on the outlook for palm oil, saying that the price of palm oil is likely to fall significantly by the end of this […]
KazMunayGas and BioOperations have signed a framework agreement on the implementation of a project for the production of sustainable aviation fuel (SAF or Sustainable Aviation Fuel). Ltd. have signed a framework agreement on the implementation of a project for the production of sustainable aviation fuel (SAF or Sustainable Aviation Fuel). It is known that the […]
Hapag-Lloyd’s Colorado Express vessel has been successfully refueled with a B25 marine biofuel blend consisting of ExxonMobil’s premium HDME 50™ fuel, 0.10% Sulfur Emission Control Area (ECA) fuel, and waste biodiesel derived from waste cooking oil. The direct blend meets the requirements of ISO 8217:2017 except for the fatty acid methyl ester (FAME) component. The […]
Indonesia’s Agriculture Ministry has set a goal of making the island nation the world’s largest producer of palm oil by 2025. Indonesia’s Deputy Minister of Agriculture Sudarjono said Indonesia aims to price the commodity on the world market as soon as possible. In order to achieve this goal, he called on farmers and businessmen to […]
Repsol has launched its 100% renewable diesel commercial name – Nexa 100% Renewable Diesel – at its petrol stations.Nexa 100% Renewable Diesel is uniquely formulated to optimise performance and extend the life of diesel vehicle engines. It is made from organic waste and with today’s technology, net CO2 emissions have been reduced by up to […]
Norwegian Cruise Line’s Norwegian Morning received a B30 sustainable biofuel blend from Dutch renewable fuel supplier GoodFuels during a call at the cruise terminal in Ijmuiden, the Netherlands. GoodFuels’ parent company, FincoEnergies, delivered the biofuel blend on 22 July in partnership with KPI OceanConnect. In a statement released yesterday (7 November), GoodFuels stressed that the […]
Malaysia, the world’s second largest exporter of crude palm oil, posted its highest oil price since March 2022 on 5 November. The price soared to $1,146 per metric tonne. This represents an increase of 44 per cent year-to-date and 32 per cent year-on-year.
The Philippine Department of Energy (DOE) on Friday said it will implement tougher monitoring to ensure that all diesel fuel in the country meets the standard of 3 per cent coconut methyl ester (CME) blends. The Office of Survey Management (OSM) will conduct inspections to ensure a seamless transition to higher biodiesel blends. Violators may […]