Downstream news
US gasoline prices decline amid lower gasoline demand and falling crude oil prices
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 operates demonstration flight with Neste's 100% SAF
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).
Tackling energy transition bottlenecks by 2030 will be key driver to accelerating journey to net zero
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.
Rotterdam The Hague Airport accelerates sustainable fuel blending
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.
RTX's Pratt & Whitney Canada and Gulfstream complete 100% SAF transatlantic flight
Pratt & Whitney Canada and Gulfstream Aerospace Corp. have announced the successful completion of the first transatlantic flight using sustainable aviation fuel (SAF).
US$18 trillion gap capital gap threatening the energy transition
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.
Neste partners with Hightowers Petroleum
Neste and Hightowers Petroleum, a wholesale fuel supplier serving customers in the Midwest US, have formed a strategic partnership to offer Neste MY Renewable Diesel™.
Clariant’s catalyst chosen for biodegradable plastics project
Clariant has been awarded a major contract by Jiangsu Shenghong Petrochemical Co., Ltd, to use Clariant’s SynDane 3142 LA catalyst for its biodegradable plastics project.
ADNOC and Santos to pursue global CCS platform
ADNOC and Santos have announced the signing of a strategic collaboration agreement to work towards the establishment of a global carbon management platform.
LanzaJet, British Airways and Nova Pangaea Technologies secure funding
Project Speedbird – a partnership between LanzaJet, British Airways, and Nova Pangaea Technologies – has secured a total of £9 million from the UK government's Advanced Fuels Fund (AFF) competition.