North America downstream news
EIA expects low natural gas prices to continue in 2024
The US Energy Information Administration (EIA) expects the benchmark Henry Hub spot price to average about US$2.25 per million Btu in 2024, a 10% decrease from 2023 and a 65% decrease from 2022.
Air Products awards a module fabrication agreement to Worley
Air Products Canada Ltd. has awarded Worley an agreement to provide procurement, fabrication and modularisation services for its Net-Zero Hydrogen Energy Complex in Canada.
AFPM launches second round of ads spotlighting gas car ban policies across battleground states
The American Fuel & Petrochemical Manufacturers (AFPM) is launching a second round of issue ads to inform consumers about the Biden administration’s policy agenda rushing to ban sales of new gas vehicles.
EIA: reduced refinery activity puts upward pressure on gasoline and diesel prices
The EIA reports that since early January 2024, US refinery utilisation has decreased 11%.
Southwest Airlines launches Renewable Ventures subsidary
Southwest Airlines Co. has launched Southwest Airlines Renewable Ventures (SARV), dedicated to creating more opportunities for scalable sustainable aviation fuel (SAF).
API warns Hydrogen 45V regulations fail to recognise blue hydrogen as climate solution
The American Petroleum Institute (API) has urged the Biden Administration to prioritise production of hydrogen of all types and feedstocks – including blue hydrogen produced from natural gas – to drive a lower carbon future.
AFPM responds to EPA’s final rule to eliminate RVP waiver for summertime gasoline
Senior Director of Fuels & Vehicle Policy at the AFPM, Patrick Kelly, has issued a statement in response to the Environmental Protection Agency’s decision to grant RVP petitions and expand E15 sales in select Midwest states beginning in 2025.
Vitol and EOG Resources enter into long-term gas supply agreement indexed to Brent pricing
Vitol Inc. has announced the execution of a natural gas sale and purchase agreement (SPA) with EOG Resources, Inc.
LyondellBasell acquires mechanical recycling assets and plans operations in California
LyondellBasell has acquired mechanical recycling assets containing rigid plastics recycling processing lines from PreZero.
Verde Clean Fuels, Inc. and Cottonmouth Ventures LLC announce joint development agreement
Verde Clean Fuels, Inc. and Cottonmouth Ventures LLC have announced a joint development agreement for a proposed natural gas-to-gasoline facility in the Permian Basin.