- Key Market Prices
- Key Market Prices
- Public Policy
- U.S. Senate Climate Bill on Hold for Now
- Margins & Economics
- LyondellBasell Emerges from Bankruptcy
- CME Introduces 8 New Petroleum Swap Futures Contracts
- Crude Futures Lose Ground as Week Begins
- Fuels & Processing
- CDTech Wins Gasoline Desulfurization Deal at Russian Refinery
- Neste Retailing 100% Renewable Diesel in Finland
- Seventh Fire Victim at Tesoro Anacortes Refinery Dies
- Transportation & Logistics
- Chery Inks Switchable Battery Deal for Electric Cars
- Report: Growing Global Market for Natural Gas Vehicles
- GE, Nissan Ink Electric Car Recharge MOU
- Switchable Battery Electric Taxi Project Starts in Tokyo
- VW Expands China Market Investments; Sales up 60% This Year
- 100 Electric Car Types Shown at Beijing Auto Show
- Nissan Debuts Leaf Electric Car at Beijing Auto Show
Fuels & Processing
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CDTech Wins Gasoline Desulfurization Deal at Russian Refinery
Texas-based CDTech officials announced April 26 that they’ve won a contract from TAIF-NK OAO for the license and basic engineering of a fluid catalytic cracking gasoline desulfurization unit as part of an upgrade at the Nizhnekamsk in the Russian Federation.
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Neste Retailing 100% Renewable Diesel in Finland
Neste officials announced April26 that they’ve launched trial marketing of 100% renewable diesel (Neste Green 100) at retail stations in Finland, alongside 10% renewable diesel blends (Neste Green diesel).
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Seventh Fire Victim at Tesoro Anacortes Refinery Dies
The seventh victim of a fire at Tesoro’s Anacortes, Wa., refinery died last weekend, according to the company.
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Wärtsilä, ABB Turbo Team-up on Lower-Emissions Big Diesel Engines
Wärtsilä and ABB Turbo Systems officials announced April 20 that they’re now co-operating in a joint development program for a new application of two-stage turbocharging on large diesel engines, cutting both emissions and net customer cost.
Key Market Prices
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Key Market Prices
Transportation & Logistics
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Chery Inks Switchable Battery Deal for Electric Cars
China-based Chery Automobile officials last week signed a memo of understanding with California-based electric car battery maker Better Place for a switchable battery scheme for the China market.
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Report: Growing Global Market for Natural Gas Vehicles
According to a recent report from Pike Research, acceptance of natural gas vehicles (NGVs) is quite strong in certain parts of the world. The market intelligence firm expects that, out of 11.3 million NGVs estimated to be on the road by the end of 2010, three-quarters of those vehicles will be in Latin America, the Middle East and Africa.
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GE, Nissan Ink Electric Car Recharge MOU
GE and Nissan officials announced April 26 they’ve signed a memo of understanding “to explore new technologies that are needed to build a reliable, dynamic smart-charging infrastructure” for electric cars.
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Switchable Battery Electric Taxi Project Starts in Tokyo
California-based Better Place officials announced April 26 that they’ve launched a commercial trial of a battery-switch scheme for electric taxis in Tokyo.
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VW Expands China Market Investments; Sales up 60% This Year
Volkswagen officials announced April 26 at the Beijing auto show that they’ll add another €1.6 billion (US$2.1 billion) to investment plans for China because of skyrocketing demand growth there.
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100 Electric Car Types Shown at Beijing Auto Show
Concurrent with China’s skyrocketing rise to become the world’s biggest automotive market, now the annual Beijing Auto Show has eclipsed the Detroit Auto Show with a startling array of future-car unveilings.
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Nissan Debuts Leaf Electric Car at Beijing Auto Show
Nissan officials showed-off the company’s Leaf electric car at the 2010 Beijing International Automobile Exhibition last week.
Margins & Economics
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LyondellBasell Emerges from Bankruptcy
The United States Bankruptcy Court for the Southern District of New York confirmed LyondellBasell’s Plan of Reorganization on April 23, which received broad-based support from virtually all creditor classes entitled to vote, company officials said. LyondellBasell affiliates currently in voluntary reorganization are projected to emerge from Chapter 11 protection April 30.
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CME Introduces 8 New Petroleum Swap Futures Contracts
CME began the trading and clearing services for eight new petroleum swap futures contracts April 26. Available on the New York trading floor and CME ClearPort are a set of flexible clearing services open to over-the-counter market participants.
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Crude Futures Lose Ground as Week Begins
Crude oil futures fell April 26 as the price of West Texas Intermediate (WTI) crude for June delivery lost 92¢ to close at $84.20 per barrel (/bbl), while Brent crude for June delivery fell 42¢, to close at $86.83/bbl.
Public Policy
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U.S. Senate Climate Bill on Hold for Now
The unveiling of the draft tripartisan U.S. Senate climate bill in Washington, D.C. was slated for April 26, but has now been indefinitely delayed.
