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Neste Oil to invest €65M to enhance high-octane gasoline production at Porvoo

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Neste Oil has decided to build an isomerization unit at its Porvoo refinery. When the new isomerization unit is completed in 2015, we will be able to refine higher volumes of premium-quality gasoline that commands a higher price on export markets. —Matti Lehmus, Neste Oil’s Executive Vice President, Oil Products and Renewables.

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CMA CGM partners with Energy Observer on hydrogen-powered shipping

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The CMA CGM partnership deals with the development of cleaner and more sustainable energies to eliminate CO 2 emissions, greenhouse gases and air pollutants. The mobilization of CMA CGM will make possible the industrialization of new concrete energy solutions tested on board this floating smart grid.

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Neste Oil complete first phase of its microbial oil pilot plant; feedstock for NExBTL renewable diesel

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Neste Oil plans to use yeast and fungi to convert waste into oil for NExBTL feedstock. Neste Oil has completed the first phase of its project to build a pilot plant for producing microbial oil for use as a feedstock for NExBTL renewable diesel. Commercial-scale production is expected by 2015 at the earliest.

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Global Carbon Budget 2022: Global fossil CO2 emissions expected to grow 1.0% in 2022

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Growth in oil use, particularly aviation, and coal use are behind most of the increase in 2022. Many countries, cities, companies, and individuals have made pledges to reduce emissions, and it is stark reminder that despite all this rhetoric, global fossil CO 2 emissions are more than 5% higher than in 2015, the year of the Paris Agreement.

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IEA: COVID-19 crisis causing the biggest fall in global energy investment in history

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The World Energy Investment 2020 report’s assessment of trends so far this year is based on the latest available investment data and announcements by governments and companies as of mid-May, tracking of progress on individual projects, interviews with leading industry figures and investors, and the most recent analysis from across the IEA.

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GE, Devon sign new technology collaboration agreement to drive unconventional resources innovations

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GE Oil & Gas and energy exploration and production company Devon Energy signed a new technology collaboration agreement (TCA) to drive innovations that will enhance the performance and economics of unconventional oil and natural gas projects as the demand for energy grows worldwide.

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Air Products heralds successful operation of project to capture CO2 from hydrogen production for use in enhanced oil recovery

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Air Products heralded the successful operation of a US Department of Energy (DOE) demonstration project that will capture approximately one million tons of carbon dioxide (CO 2 ) from hydrogen production for use in an enhanced oil recovery project in which DOE anticipates an additional estimated 1.6-3.1

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