The US Energy Information Administration reports that global refinery margins, measured by the 3:2:1 crack spread, have been less than their five-year (2019 - 23) averages since the spring and dropped even more in the late summer and early fall.
Honeywell has announced that the St1 refinery has started using Honeywell’s EcofiningTM technology to produce sustainable aviation fuel (SAF).
Baker Hughes and Repsol have announced a new agreement to collaboratively develop and deploy next-generation artificial intelligence (AI) capabilities through the Leucipa™ automated field production solution.