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Marathon Petroleum, ADM to form soybean oil JV to support renewable diesel production

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MPC) and ADM announced an agreement to form a joint venture for the production of soybean oil to supply rapidly growing demand for renewable diesel fuel. When complete in 2023, the Spiritwood facility will source and process local soybeans and supply the resulting soybean oil exclusively to MPC. Marathon Petroleum Corp.

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EIA expects continued high prices for diesel and home heating oils

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The US Energy Information Administration (EIA) expects that low inventories of distillate fuels, which are primarily consumed as diesel fuel and heating oil, will lead to high prices through early 2023. Inventories are just one part of the supply equation for diesel and other distillates. —EIA Administrator Joe DeCarolis.

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EIA: China processed record amounts of crude oil in 2021 but exported less gasoline and diesel

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China processed record amounts of crude oil in 2021 to meet rising domestic consumption of petroleum products, according to analysis by the US Energy Information Administration (EIA). According to China’s National Bureau of Statistics, China processed a record 14 million barrels per day (b/d) of crude oil in 2021, a 4.6%

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Production of renewable diesel restarted at the expanded part of Neste’s Singapore refinery after operational shutdown

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The production of renewable diesel at Neste’s Singapore refinery expansion has been restarted in early August, according to the company’s plans. The production line at the expanded part of the refinery was shut down in June for unexpected equipment repairs. million tons in early 2024. million tons in early 2024.

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EIA expects increased US crude oil production, with continued high petroleum prices in 2022

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The US Energy Information Administration (EIA) forecasts that US crude oil production will average 11.9 million barrels per day in 2023, which would surpass the record average production of 12.3 US coal production will total 598 million short tons in 2022, which is a 3% increase from 2021.

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T&E study finds EU has replaced Russian oil barrel-for-barrel as continent fails to cut demand

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Since the EU imposed sanctions on Russia in the wake of the invasion of Ukraine, there has been a redrawing of the global oil map, a new study by Transport & Environment (T&E) shows. Instead of cutting demand, Europe has simply replaced imports from Russia with oil from other producing countries. C carbon budget.

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EPA proposing RFS pathways for biofuels made from canola oil via hydrotreating; diesel, jet, naphtha, LPG, heating oil

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The US Environmental Protection Agency (EPA) is proposing to approve Renewable Fuel Standard (RFS) pathways for certain biofuels that are produced from canola/rapeseed oil ( earlier post ) and is providing an opportunity for comment on the Agency’s lifecycle greenhouse gas (GHG) analysis of these pathways. production process.

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