Don't miss out on the latest business and technology news for chemical engineers, featuring select items in relation to Fuels and Petrochemicals!
Major US refiners bet big on renewable diesel
As gasoline demand continues to be weak, America's four largest refiners -- Valero Energy, Marathon Petroleum, HollyFrontier and Phillips 66 -- are doubling down on renewable diesel, an animal fat-based fuel with a lighter carbon footprint compared with petroleum-based diesel. Valero, the No. 2 producer of renewable diesel, has so far invested $1 billion in the production of the fuel, with the potential to generate as much as $1.4 billion in earnings by 2024 from this business.
ExxonMobil's Fuller: US Gulf Coast attractive for chemical investments
ExxonMobil is preparing to lay the foundation for a $500 million polypropylene expansion in Louisiana that's already generated more than $1 million in tax benefits and funneled $130 million to local contractors. The US Gulf Coast remains an attractive place for investments, despite tariff concerns, and ExxonMobil plans to export most of the capacity created by the 450,000-ton expansion, says executive Travis Fuller.
LanzaTech provides update on its jet fuel platform
LanzaTech, a carbon recycling firm, provided an update on its work involving the conversion of ethanol to sustainable aviation fuel to expand its alcohol to jet platform. LanzaTech's process, which continues to develop in partnership with the Department of Energy's Pacific Northwest National Laboratory, generates jet fuel from any sustainable ethanol source, including recycled steel mill emissions.