Crude Processing

Renewable diesel (RD) is a promising alternative to traditional diesel fuel in the US, but its economic viability faces significant challenges.

The Southeast Asian country is charting a course towards leveraging biomass from its palm oil industry to fuel the production of advanced fuels.

The Polish oil refiner Orlen has canceled its contracts for purchasing crude and oil products from Venezuela following the reinstatement of US sanctions, a decision underscored by significant financial losses and logistical challenges.

Nigeria's ambitious Dangote Group refinery, a $20B project, has encountered significant logistical and financial issues that impede its operation.

On the downside, this shift will erode the margins on what once was cheap Canadian crude oil for US refiners.

Hyundai Oilbank has officially commenced commercial operations at its new biodiesel production facility in Daesan, South Korea, as of Apr. 17.

2024-04-21

Chinese independent refineries, concentrated in Shandong province and Tianjin City, are strategically recalibrating their crude oil procurement strategies amid a dynamic market landscape.

March saw a notable decline in Malaysia's palm oil stocks, dropping by 7.3% to 1.78MM mt., despite a significant uptick in production, which rose by 11.9% to 1.41MM mt.

The country is exploring the potential of coconuts as an alternative feedstock for Sustainable Aviation Fuel (SAF) production, highlighting a shift towards more sustainable biofuel options in the aviation industry.