Downstream news

With the approval of funding from the German Federal Ministry for Economic Affairs and Climate Action and the State of Rhineland-Palatinate, BASF has taken a major step in its project aimed at decarbonising the chemical industry.

Quadrise has announced that the industrial demonstration test of MSAR® and bioMSAR™ fuels at a client's site in Morocco has been successfully completed.

BASF has signed a syndicated bank term loan facility with a maturity of 15 years for its new Verbund site in Zhanjiang, China.

Producers must choose between contributing to a deepening climate crisis, or becoming part of the solution by embracing the shift to clean energy, an IEA special report says.

The EIA reports that on 20 November 2023, the regular gasoline retail price averaged US$3.29/gal across the US, 10% less than the same time in 2022.

Emirates has become the first airline to operate an Airbus A380 demonstration flight with one of the aircraft’s four engines powered with Neste’s sustainable aviation fuel (SAF).

Analysis from McKinsey & Company’s 2023 Global Energy Perspective shows that tackling energy transition technology bottlenecks with substitute materials, innovation, infrastructure build out and regulation will be crucial to achieving net zero targets.

Shell and Rotterdam The Hague Airport (RTHA) have signed a long-term agreement to blend sustainable aviation fuel (SAF) on all aircraft fuelled at the airport, starting in 2024.

Pratt & Whitney Canada and Gulfstream Aerospace Corp. have announced the successful completion of the first transatlantic flight using sustainable aviation fuel (SAF).

According to new analysis by the Boston Consulting Group (BCG), closing the US$18 trillion gap to fund the green energy transition through 2030 is being slowed by negative investment conditions.