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Nextchem (Maire) Awarded A Licensing Contract For Its Proprietary Nx Circular Gasification Technology For Dg Fuels' Sustainable Aviation Fuel (Saf) Plant In The Usa

oil-gas
Jun 24, 2024
Article Source LogoHydro Review
Hydro Review

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---MAIRE SpA Press Release ---

 

MAIRE S.p.A. announces that NEXTCHEM (Sustainable Technology Solutions BU), through its subsidiary MyRechemical, leading the Waste-to-Chemical segment, has signed a licensing contract with DG Fuels Louisiana, LCC in relation to its proprietary NX Circular gasification technology.

The plant, expected to be operational in 2028, will produce 450 million liters per year of SAF derived from residual biomass and a minor part of municipal waste. MyRechemical has been selected as technology licensor for the gasification and gas treatment units able to process 1 million tons per year of bagasse and sugar cane trash and pulp, representing the first step for the SAF production. The licensing contract provides that MyRechemical will also supply the proprietary equipment for the gasification package with an option for applying a modular approach to minimize site contingencies, as well as the associated technical services.

The project meets the requirements set by the U.S. Department of Energy (DOE)’s Clean Fuels & Products Shot initiative, which aims to decarbonize the aviation sector by industrializing SAF production. Additionally, SAF derived from biomass or waste resources is eligible under the Carbon Offsetting and Reduction Scheme for International Aviation (CORSIA) established by the International Civil Aviation Organization (ICAO) to reduce airlines’ carbon offsetting requirements.DG Fuels Louisiana is a subsidiary of DG Fuels, a U.S. company engaged in renewablehydrogen and biogenic based, synthetic low emissions aviation fuel.

Alessandro Bernini, MAIRE CEO, commented: “This landmark award confirms the reliability of our technologies and the role of MAIRE as a key player to enable the industry decarbonization through circular solutions in a strategic market such as the United States, and globally”.

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Saudi Arabia And Uae To Cut Oil Output In Opec’S Latest Plan
Arabian Gulf Business Insight
Saudi Arabia And Uae To Cut Oil Output In Opec’S Latest PlanOpec has received updated plans for seven countries including Saudi Arabia and the UAE to make further oil output cuts to compensate for pumping above agreed quotas, the group said on Wednesday. Opec+, which includes Opec plus Russia and other allies, has implemented a series of output cuts since late 2022. Its compensation plan is designed to ensure that members who do not make the cuts in full implement further reductions. The latest plan requires seven nations to cut output by a further 369,000 barrels per day (bpd) in monthly steps between now and June 2026, compared with an earlier plan running from March until next June, according to Reuters calculations. Under the latest plan, monthly cuts will range from 196,000 bpd to 520,000 bpd from this month until June 2026, up from between 189,000 bpd and 435,000 bpd previously. Should the latest cuts be made in full, the compensation plan would to a large extent offset a planned 411,000 bpd output increase being made by other members of Opec+ in May, providing additional support for the oil market. The seven members making the cuts are Saudi Arabia, Russia, Iraq, the UAE, Kuwait, Kazakhstan and Oman. Algeria has no required cut. Opec+ has repeatedly revised the plan after countries did not make the cuts as pledged. Iraq, the group’s largest overproducer, plans to step up efforts to deliver on its compensation cuts. A source said its crude allocations to customers for May cargoes are much lower. “We need more reduction to meet the compensation plan,” the source said. Iraq needs to compensate for a total of 1.93 million bpd of overproduction by June 2026. Kazakhstan needs to make the second-largest cut of 1.3 million bpd in the same timeframe. AGBI registered members can access even more of our unique analysis and perspective on business and economics in the Middle East. Already registered? Sign in I’ll register later
oil-gas
17 April 2025
Turkey’S Largest Refiner Buys Russian Oil After Price Drop
Arabian Gulf Business Insight
Turkey’S Largest Refiner Buys Russian Oil After Price DropTurkey’s largest oil refiner Tupras has returned to buying Russian Urals crude cargoes, after it stopped doing so earlier this year due to stronger US sanctions on Moscow, according to three trading sources and shipping data. Tupras did not immediately reply to a Reuters request for comment. The three sources said Tupras resumed its purchases after prices for Urals crude fell to its lowest levels since 2023, earlier this month, dropping comfortably below a G7 price cap level of $60 a barrel. The price cap imposed by the Group of Seven countries, the European Union and Australia bans the use of Western maritime services such as insurance, flagging and transportation when tankers carry Russian oil priced at or above $60 a barrel. Since October the US treasury department has imposed sanctions on multiple tankers suspected of breaching the price cap. Tupras became one of the biggest importers of Russian crude after Moscow’s invasion of Ukraine in 2022, with Russian oil representing 65 percent of the country’s total oil imports in January-November 2024, according to data from Turkey’s energy regulator. The company halted purchases of Russian crude in February because of mounting concerns around US sanctions following the extensive package announced on January 10. Tupras will receive at least two cargoes of Urals for April loading, trading sources with knowledge of the matter said. One of the cargoes is already on the water. The Nissos Christiana loaded around 730,000 barrels of Russian Urals crude from the Baltic port of Ust-Luga on April 3, data from Kpler showed. It is due for delivery to Izmit on April 21, where Tupras operates a 225,800-barrel-per-day capacity oil refinery. It was not immediately clear if any other vessel had been fixed for Tupras’s additional cargo purchase. Tupras is the largest refiner in Turkey with two refineries at Izmit and Izmir, which have a combined crude processing capacity of 467,300 bpd, according to LSEG data. When it halted Russian purchases, Tupras turned to alternative crude grades, including making its first purchase of Brazilian oil last month. Other sources of Tupras’s March-April crude imports include Guyana, Nigeria, Libya and Norway, according to Kpler data. AGBI registered members can access even more of our unique analysis and perspective on business and economics in the Middle East. Already registered? Sign in I’ll register later
oil-gas
17 April 2025
Liberty Energy Sees U.S. Oil Activity Holding Firm With Prices Above $60
World Oil
Liberty Energy Sees U.S. Oil Activity Holding Firm With Prices Above $60(Bloomberg) – Liberty Energy Inc., one of the biggest U.S. fracing companies, expects most producers to stick with their production plans as long as crude prices can hang on near current levels.  “If oil stayed in the low $60s, well, that’s not an exciting environment for us by any stretch of the imagination,” Liberty Chief Executive Officer Ron Gusek said during a call with analysts Thursday. “At most we probably feel modest ripples in activity levels.” If US oil futures dip into the $50s, however, companies are apt to start dropping drilling rigs, Gusek said. But it was premature, he said, to forecast how much production would slow.  West Texas Intermediate rose 3% Thursday to $64.54 a barrel.  Liberty, formerly run by U.S. Energy Secretary Chris Wright, is the first large oil-service company to report earnings since crude prices began plunging in the wake of U.S. President Donald Trump’s trade war and OPEC’s decision to raise a planned production increase later this year. The rout has hammered oil companies’ share prices and threatened to undermine drillers’ plans to modestly increase U.S. production this year. Denver-based Liberty has been among the hardest-hit companies, with its shares down about 20% since Trump announced the tariffs earlier this month. The stock surged as much as 13% Thursday after the company reported higher-than-expected first-quarter sales. The company’s crews are currently working to hold production flat, Gusek said. Despite the recent volatility, he doesn’t expect oil and gas companies to make any sudden changes to their drilling plans.  “It’s unlikely that we’re going to have any of our customers remove a pad in the next month or two,” Gusek said. “It’s my expectation that to the extent we do see some changes, that’s going to be back half of the year.”
oil-gas
17 April 2025
Nigeria’S Walcot Group Secures 3 Oil Blocks In Angola
Energy Capital Power
Nigeria’S Walcot Group Secures 3 Oil Blocks In AngolaNigerian conglomerate Walcot Group has signed a production sharing contract with Angola’s national concessionaire the National Agency for Petroleum, Gas and Biofuels (ANPG) for three onshore oil blocks. The agreement was formalized on April 7, granting Walcot full operatorship of Blocks CON 3 and CON 7 in the Lower Congo Basin. The blocks hold a combined prospective resource base of over 2 billion barrels of oil. In addition, the company acquired a 10% stake in Block KON 13, located in the Kwanza Onshore Basin. The Block is operated by Nigerian oil and gas company Oando Energy Resources. In January 2025, Walcot Group submitted nine proposals for five blocks in the Kwanza Onshore Basin, including KON 1, KON 3, KON 7, KON 10 and KON 14. The selection was based on evaluations of financial and technical capacity, as well as suitability.
oil-gas
17 April 2025
Drc Advances Oil Rights For Sonahydroc
Energy Capital Power
Drc Advances Oil Rights For SonahydrocThe Democratic Republic of the Congo’s (DRC) Council of Ministers has approved a draft decree that grants state-owned oil company SONAHYDROC the rights to Blocks 1 and 2 in the Albertine Graben. The decree was introduced on April 11 by Hydrocarbons Minister Aimé Sakombi Molendo during the Council’s 39th meeting. It allows for the direct allocation of the two blocks to SONAHYDROC under a service contract. Located in eastern DRC, the Albertine Graben is seen as a high-potential zone for oil exploration. By awarding these blocks directly to SONAHYDROC, the government aims to fast-track exploration and production while strengthening national participation in the development of strategic resources. The decree sets out the legal and fiscal terms for this allocation, ensuring it adheres to the existing regulatory framework. It also reflects the government’s broader strategy of leveraging state-owned enterprises to drive resource development.
oil-gas
17 April 2025