Fuel oil

Safe Bulkers, Inc. Announces Agreement for the Acquisition of One Newbuild Japanese Kamsarmax Class Dry-bulk Vessel

Retrieved on: 
Freitag, April 26, 2024
Energy efficiency, International Maritime Organization, Methanol, Acquisition, Transport, NOx, GHG, Fuel oil

MONACO, April 26, 2024 (GLOBE NEWSWIRE) -- Safe Bulkers, Inc. (the Company) (NYSE: SB), an international provider of marine drybulk transportation services, announced today that it has entered into an agreement for the acquisition of a Japanese, 82,000 dwt, dry-bulk, Kamsarmax class vessel, with a scheduled delivery date within the fourth quarter of 2026.

Key Points: 
  • MONACO, April 26, 2024 (GLOBE NEWSWIRE) -- Safe Bulkers, Inc. (the Company) (NYSE: SB), an international provider of marine drybulk transportation services, announced today that it has entered into an agreement for the acquisition of a Japanese, 82,000 dwt, dry-bulk, Kamsarmax class vessel, with a scheduled delivery date within the fourth quarter of 2026.
  • This newbuild vessel is a sister vessel to a number of newbuilds in our orderbook with advanced energy efficiency characteristics resulting to lower fuel consumption.
  • The Company has already taken delivery of nine IMO GHG Phase 3 – NOx Tier III vessels.
  • Including this agreement, the Company has an outstanding orderbook of eight newbuild vessels, two of which are methanol dual fuel, with scheduled deliveries one in 2024, two in 2025, four in 2026, and one in 2027.

Valero Energy Reports First Quarter 2024 Results

Retrieved on: 
Donnerstag, April 25, 2024
Chemicals, Plastics, Automotive, Oil, Gas, Manufacturing, Alternative Energy, Energy, Alternative Vehicles, Fuels, Diamond, Table, Valero Energy, DGD, Senior, Note, SAF, VLO, Fuel oil, Ethanol, Holding company

Valero Energy Corporation (NYSE: VLO, “Valero”) today reported net income attributable to Valero stockholders of $1.2 billion, or $3.75 per share, for the first quarter of 2024, compared to $3.1 billion, or $8.29 per share, for the first quarter of 2023.

Key Points: 
  • Valero Energy Corporation (NYSE: VLO, “Valero”) today reported net income attributable to Valero stockholders of $1.2 billion, or $3.75 per share, for the first quarter of 2024, compared to $3.1 billion, or $8.29 per share, for the first quarter of 2023.
  • The Refining segment reported operating income of $1.7 billion for the first quarter of 2024, compared to $4.1 billion for the first quarter of 2023.
  • Operating income in the first quarter of 2024 was lower than the first quarter of 2023 due to lower renewable diesel margin.
  • The Ethanol segment reported $10 million of operating income for the first quarter of 2024, compared to $39 million for the first quarter of 2023.

Ecovyst Announces Winners of its 2023 Sustainability Leadership Awards

Retrieved on: 
Dienstag, April 2, 2024
Ethanol, Health, Climate change, Aviation biofuel, Organization, Education, Regeneration, Chamber of commerce, Economic development, Transport, CAP, Fuel oil, Carbon, Biomass, Commerce, Most, Water, Safety, Process, RD, Catalysis, Site, Sodium hydroxide, SAF, Development, Renewable energy

MALVERN, Pa., April 2, 2024 /PRNewswire/ -- Ecovyst Inc. (NYSE: ECVT) ("Ecovyst" or the "Company"), a leading integrated and innovative global provider of advanced materials, specialty catalysts and services, today announced that it has recognized three outstanding teams with the Company's 2023 Sustainability Leadership Awards.

Key Points: 
  • MALVERN, Pa., April 2, 2024 /PRNewswire/ -- Ecovyst Inc. (NYSE: ECVT) ("Ecovyst" or the "Company"), a leading integrated and innovative global provider of advanced materials, specialty catalysts and services, today announced that it has recognized three outstanding teams with the Company's 2023 Sustainability Leadership Awards.
  • "As part of our sustainability focus, this is the second year that Ecovyst has conducted the Sustainability Leadership Award program to recognize Ecovyst sites, work teams, or individual employees that demonstrate meaningful sustainability improvements in the areas of climate change reduction, product/process innovation, and social engagement."
  • To qualify for the awards, detailed applications were submitted describing particular projects and the resulting sustainability improvements.
  • We congratulate these award recipients for their leadership in supporting our sustainability goals and proudly thank all our applicants and employees who demonstrate their commitment to sustainability on a daily basis.

Vertex Energy Announces Fourth Quarter and Full Year 2023 Financial Results

Retrieved on: 
Donnerstag, Februar 29, 2024
Environment, Utilities, Oil, Gas, Alternative Energy, Green Technology, Energy, Total, Soybean, LCFS, Growth, Gasoline, Vertex, Sale, Adjustment, Carbon, Rapeseed oil, KPI, Fuel oil, Pharmaceutical industry

Vertex Energy, Inc. (NASDAQ: VTNR) (“Vertex” or the “Company”), a leading specialty refiner and marketer of high-quality refined products, today announced its financial results for the fourth quarter ended December 31, 2023.

Key Points: 
  • Vertex Energy, Inc. (NASDAQ: VTNR) (“Vertex” or the “Company”), a leading specialty refiner and marketer of high-quality refined products, today announced its financial results for the fourth quarter ended December 31, 2023.
  • The Company will host a conference call to discuss fourth quarter 2023 results today, at 8:30 A.M. Eastern Time.
  • Vertex reported fourth quarter 2023 net loss attributable to the Company of ($63.9) million, or ($0.84) per fully-diluted share, versus net income attributable to the Company of $44.4 million, or $0.07 per fully-diluted share for the fourth quarter of 2022.
  • As previously communicated, the Company expected that the initial default level LCFS credits would be applied to all volumes of renewable diesel produced during the third and fourth quarter of 2023 and to contribute to financial results in the fourth quarter.

ICE to Align Crude Quality Contract Specifications of ICE Midland WTI (HOU) Futures with Physical Gulf Coast Crude Cargoes

Retrieved on: 
Mittwoch, Februar 28, 2024
Professional Services, Data Analytics, Oil, Gas, Energy, Finance, Banking, Fuel oil, Date, MEH, RVP, Intercontinental Exchange, Gasoline, ICE, Iron, Nickel, ECHO, Vanadium, HOU

Intercontinental Exchange (NYSE: ICE), a leading global provider of technology and data, today announced plans to further align the ICE Midland WTI (ICE:HOU) futures contract with Midland WTI crude oil included in the Dated Brent basket.

Key Points: 
  • Intercontinental Exchange (NYSE: ICE), a leading global provider of technology and data, today announced plans to further align the ICE Midland WTI (ICE:HOU) futures contract with Midland WTI crude oil included in the Dated Brent basket.
  • The contract amendments mean the crude oil quality that is deliverable via ICE’s HOU futures contract will align with globally accepted Midland-WTI quality physical cargoes loading at the U.S. Gulf Coast for export to Europe and their potential inclusion in the Platts Dated Brent basket assessment.
  • “This is an important final step to align ICE’s Midland WTI futures contract with the globally accepted quality standard for the Midland WTI crude grade,” said Jeff Barbuto, Global Head of Oil Markets, ICE.
  • Deliveries of Midland WTI-quality crude oil via the HOU contract were over 4.4 million barrels each month during the second half of 2023.

ClearSign Technologies Corporation Receives First in Series of Four Boiler Burner Purchase Orders

Retrieved on: 
Mittwoch, Februar 21, 2024
CLIR, Safety, Letter, Traction, Fruit, Fuel oil

"This is the first multi-unit engagement for our newly segmented Rogue boiler burner product line," said Jim Deller, Ph.D., Chief Executive Officer of ClearSign.

Key Points: 
  • "This is the first multi-unit engagement for our newly segmented Rogue boiler burner product line," said Jim Deller, Ph.D., Chief Executive Officer of ClearSign.
  • "We are encouraged by this development as we are seeing our technology gain traction in the California market.
  • California Boiler initially received a letter of intent for the purchase of four 475hp boilers, including ClearSign Core (Rogue) burners, followed by the first purchase order in the series of four ordered boilers.
  • The additional burner orders will be issued concurrent with the construction of additional planned fruit processing lines of the customer.

TEN Ltd. Announces the Acquisition of a Fleet of Five Modern Environmentally-Friendly Vessels

Retrieved on: 
Mittwoch, Januar 31, 2024
Suezmax, Ship, Sale, Employment, Nordea, TNP, Acquisition, Fuel oil

ATHENS, Greece, Jan. 31, 2024 (GLOBE NEWSWIRE) -- TEN, Ltd (TEN) (NYSE: TNP) (the “Company”) announces the acquisition of five high-spec environmentally-friendly vessels from Norway’s Viken Crude AS. The fleet is comprised of two 2023-built Dual-Fuel LNG LR2 aframaxes, one 2019-built super-eco suezmax and two 1A ice-class scrubber-fitted aframaxes built in 2018 and 2019 respectively.

Key Points: 
  • ATHENS, Greece, Jan. 31, 2024 (GLOBE NEWSWIRE) -- TEN, Ltd (TEN) (NYSE: TNP) (the “Company”) announces the acquisition of five high-spec environmentally-friendly vessels from Norway’s Viken Crude AS.
  • The fleet is comprised of two 2023-built Dual-Fuel LNG LR2 aframaxes, one 2019-built super-eco suezmax and two 1A ice-class scrubber-fitted aframaxes built in 2018 and 2019 respectively.
  • The vessels have an average employment of two years with fixed and profit-sharing features totaling over $100 million in minimum gross revenues.
  • With this acquisition, TEN’s LNG-powered tankers, after the recent delivery of its four-new vessel program, increases to six, its scrubber-fitted vessels to 12, its vessels with ice-class capabilities to 17 and the pro-forma fleet to 72 diversified ships of all categories.

Valero Energy Reports 2023 Fourth Quarter and Full Year Results

Retrieved on: 
Donnerstag, Januar 25, 2024
Chemicals, Plastics, Automotive, Oil, Gas, Manufacturing, Alternative Energy, Energy, Alternative Vehicles, Fuels, Diamond, Table, Fuel oil, Health, DGD, SAF, Aviation biofuel, VLO, Safety, Valero Energy, Ethanol, Growth, Holding company

Valero Energy Corporation (NYSE: VLO, “Valero”) today reported net income attributable to Valero stockholders of $1.2 billion, or $3.55 per share, for the fourth quarter of 2023, compared to $3.1 billion, or $8.15 per share, for the fourth quarter of 2022.

Key Points: 
  • Valero Energy Corporation (NYSE: VLO, “Valero”) today reported net income attributable to Valero stockholders of $1.2 billion, or $3.55 per share, for the fourth quarter of 2023, compared to $3.1 billion, or $8.15 per share, for the fourth quarter of 2022.
  • The Refining segment reported operating income of $1.6 billion for the fourth quarter of 2023, compared to $4.3 billion for the fourth quarter of 2022.
  • Operating income was lower than the fourth quarter of 2022 due to lower renewable diesel margin in the fourth quarter of 2023.
  • Adjusted operating income was $205 million for the fourth quarter of 2023, compared to $69 million for the fourth quarter of 2022.

Approved Oil Co Delivers Renewable Diesel to NYC Fleets with Exceptional Success in Freezing Temperatures

Retrieved on: 
Mittwoch, Januar 24, 2024
Weather, Face, Fuel oil, Memory, Freezing

NEW YORK, Jan. 24, 2024 /PRNewswire/ -- Approved Oil Company, a leading provider of sustainable energy solutions, is pleased to announce the successful performance of their Renewable Diesel in freezing temperatures.

Key Points: 
  • NEW YORK, Jan. 24, 2024 /PRNewswire/ -- Approved Oil Company, a leading provider of sustainable energy solutions, is pleased to announce the successful performance of their Renewable Diesel in freezing temperatures.
  • Chris Fazio, Executive Vice President of Approved Oil Co, expressed his satisfaction with the overwhelmingly positive feedback and results.
  • As winter temperatures continue to challenge fleet operations, Approved Oil Co. stands ready to support and supply the energy needs of fleets nationwide.
  • For more information about Approved Oil Co and our Renewable Diesel product, please visit www.Approvedoil.com .

Acelen Renewables Selects Honeywell for SAF and Renewable Diesel Fuel Production

Retrieved on: 
Mittwoch, Januar 24, 2024
Diamond, CO2, Fuel oil, TotalEnergies, Air travel, Oil, Carbon dioxide, SAF, Ethanol, European Council, Plant, BP, GHG, Growth, Renewable energy

CHARLOTTE, N.C., Jan. 24, 2024 /PRNewswire/ -- Honeywell (Nasdaq: HON) announced that Acelen Renewables has selected its Ecofining™ technology to help support the efficient production of a targeted 20,000 barrels per day of sustainable aviation fuel (SAF) and renewable diesel. The fuels will be processed at Acelen's facility in Bahia, Brazil, from a blend of inedible seed and waste oils. With this agreement, Acelen Renewables becomes the 50th site to license Honeywell's renewable fuels technology.

Key Points: 
  • CHARLOTTE, N.C., Jan. 24, 2024 /PRNewswire/ -- Honeywell (Nasdaq: HON) announced that Acelen Renewables has selected its Ecofining™ technology to help support the efficient production of a targeted 20,000 barrels per day of sustainable aviation fuel (SAF) and renewable diesel.
  • With this agreement, Acelen Renewables becomes the 50th site to license Honeywell's renewable fuels technology.
  • Honeywell's Ecofining process, which was developed in collaboration with Eni SpA, offers a capital- and cost-effective solution for processing waste fats, oils and greases into renewable diesel and SAF.
  • Acelen Renewables joins a roster of companies around the world currently licensing Honeywell's renewable fuels technology, including BP, CVR Energy, Diamond Green Diesel, Eni, Repsol, Total Energies, and World Energy.