Petroleum products

Global $125+ Billion Eco-Friendly Bitumen Markets, 2021-2025: Increasing Demand for Sustainable Roads & Rising Inclination toward Alternative Binders in Road Pavements

Retrieved on: 
Monday, April 26, 2021
Pavements, Physical sciences, Amorphous solids, Building materials, Petroleum products, Chemistry, Natural sciences, Asphalt, Recycling, Road surface

Eco-friendly bitumen is available in multiple forms in market such as bio-based bitumen, recycled bitumen, and natural bitumen.

Key Points: 
  • Eco-friendly bitumen is available in multiple forms in market such as bio-based bitumen, recycled bitumen, and natural bitumen.
  • Recycled bitumen registered the highest demand in global eco-friendly bitumen market owing to increasing awareness regarding road pavements recycling and environmental benefits associate with the same.\nMajor growth driver for global eco-friendly bitumen market is escalating highways and roadways construction activities across the world.
  • several economies have witnessed high growth in transportation infrastructure due to increasing vehicle sales, population, and urbanization.
  • The global eco-friendly bitumen market has witnessed partnerships, collaboration, joint ventures, new product launches, and some business expansion strategies by various industry players.

Aviation Lubricants Market to Reach $2.84 Bn, Globally, by 2027 at 6.2% CAGR: Allied Market Research

Retrieved on: 
Monday, April 26, 2021
Petroleum products, Tribology, Lubricant, Motor oils, Chemical substances, Physical sciences, Chemistry

Accordingto the report, the global aviation lubricants industry generated $2.24 billion in 2019, and is expected to reach $2.84 billion by 2027, witnessing a CAGR of 6.2% from 2020 to 2027.\nIncrease in number of airline passengers, rise in consumption of synthetic lubricants, and surge in number of airports drive the growth of the global aviation lubricants market.

Key Points: 
  • Accordingto the report, the global aviation lubricants industry generated $2.24 billion in 2019, and is expected to reach $2.84 billion by 2027, witnessing a CAGR of 6.2% from 2020 to 2027.\nIncrease in number of airline passengers, rise in consumption of synthetic lubricants, and surge in number of airports drive the growth of the global aviation lubricants market.
  • However, contamination in lubricants hinders the growth of the market.
  • On the other hand, demand for low-density lubricants and development of safe and eco-friendly lubricants create new growth opportunities.\nThe demand for aviation lubricants reduced significantly as the aerospace industry became one of the worst-hit industries due to the Covid-19 pandemic.
  • This is attributed to high tolerance to extreme temperatures and aging along with development of cost-effective synthetic lubricants.

Aviation Lubricants Market to Reach $2.84 Bn, Globally, by 2027 at 6.2% CAGR: Allied Market Research

Retrieved on: 
Monday, April 26, 2021
Petroleum products, Tribology, Lubricant, Motor oils, Chemical substances, Physical sciences, Chemistry

Accordingto the report, the global aviation lubricants industry generated $2.24 billion in 2019, and is expected to reach $2.84 billion by 2027, witnessing a CAGR of 6.2% from 2020 to 2027.\nIncrease in number of airline passengers, rise in consumption of synthetic lubricants, and surge in number of airports drive the growth of the global aviation lubricants market.

Key Points: 
  • Accordingto the report, the global aviation lubricants industry generated $2.24 billion in 2019, and is expected to reach $2.84 billion by 2027, witnessing a CAGR of 6.2% from 2020 to 2027.\nIncrease in number of airline passengers, rise in consumption of synthetic lubricants, and surge in number of airports drive the growth of the global aviation lubricants market.
  • However, contamination in lubricants hinders the growth of the market.
  • On the other hand, demand for low-density lubricants and development of safe and eco-friendly lubricants create new growth opportunities.\nThe demand for aviation lubricants reduced significantly as the aerospace industry became one of the worst-hit industries due to the Covid-19 pandemic.
  • This is attributed to high tolerance to extreme temperatures and aging along with development of cost-effective synthetic lubricants.

Global Ethyl Alcohol and Other Basic Organic Chemical Market Report 2021: COVID-19 Impact and Recovery to 2030 Featuring ADM Company; DowDuPont Inc; Celanese and Raizen - ResearchAndMarkets.com

Retrieved on: 
Monday, April 26, 2021
Chemicals, Plastics, Manufacturing, Chemical substances, Sedatives, Chemistry, Commodity chemicals, Alcohols, Disinfectants, Household chemicals, Petroleum products, Ethyl, Ethanol, Ester, Gasoline

The market is expected to reach $1096.2 billion in 2025 at a CAGR of 4%.\nAsia Pacific was the largest region in the global ethyl alcohol and other basic organic chemical market, accounting for 57% of the market in 2020.

Key Points: 
  • The market is expected to reach $1096.2 billion in 2025 at a CAGR of 4%.\nAsia Pacific was the largest region in the global ethyl alcohol and other basic organic chemical market, accounting for 57% of the market in 2020.
  • Western Europe was the second largest region accounting for 16% of the global ethyl alcohol and other basic organic chemical market.
  • Africa was the smallest region in the global ethyl alcohol and other basic organic chemical market.\nChemical companies are increasingly using automation and instrumentation solutions to control the production process more effectively.
  • Ethyl alcohol used for fuel is being blended into gasoline at concentrations of 5% to 10%.

Accelerating Turnover to New Technology Diesel Engines, Increased use of Biobased Diesel Fuels Ensures Steady Progress on Carbon Reduction, Clean Air Gains

Retrieved on: 
Wednesday, April 21, 2021
Fuels, Liquid fuels, Energy, Renewable fuels, Sustainable technologies, Biofuels, Petroleum products, Biodiesel, Vegetable oil refining, Diesel fuel, Ethanol fuel

\xc2\xa0Coupled with growing success using biobased diesel fuels , diesel engines are contributing substantially already to low-carbon goods movement in America.\n\xe2\x80\x9cIn California, the results of using low-carbon biobased diesel fuels in efficient diesel engines is clear: In 2019, California\xe2\x80\x99s use of biodiesel and renewable diesel fuels eliminated 6.6 million tons of CO2.

Key Points: 
  • \xc2\xa0Coupled with growing success using biobased diesel fuels , diesel engines are contributing substantially already to low-carbon goods movement in America.\n\xe2\x80\x9cIn California, the results of using low-carbon biobased diesel fuels in efficient diesel engines is clear: In 2019, California\xe2\x80\x99s use of biodiesel and renewable diesel fuels eliminated 6.6 million tons of CO2.
  • Meanwhile, use of electric cars and trucks in the state resulted in only 2.7 million tons of CO2 reductions in 2019 \xe2\x80\x93 almost one third of the emissions reductions delivered by diesel engines using biodiesel fuels.
  • Renewable diesel fuel\xe2\x80\x99s contribution even edged out the reductions delivered by ethanol.
  • \xc2\xa0Today, 13 states are home to heavy-duty diesel engine manufacturing, supporting $4 trillion in U.S. economic activity and more than 1.25 million American jobs.

Star Group, L.P. Increases Quarterly Distribution to 14.25 Cents per Unit

Retrieved on: 
Wednesday, April 21, 2021
Petroleum products, Chemical substances, Chemistry, Physical sciences, Propane, Refrigerants, Heating oil, Gasoline, Central heating, Shipley Energy, Draft:Stern

In certain of Star\'s marketing areas, the Company provides plumbing services, primarily to its home heating oil and propane customer base.

Key Points: 
  • In certain of Star\'s marketing areas, the Company provides plumbing services, primarily to its home heating oil and propane customer base.
  • Star also sells diesel, gasoline and home heating oil on a delivery only basis.
  • We believe Star is the nation\'s largest retail distributor of home heating oil based upon sales volume.
  • Including its propane locations, Star serves customers in the more northern and eastern states within the Northeast and Mid-Atlantic U.S. regions.

Business Capital Delivers $12MM for California Asphalt Producer

Retrieved on: 
Tuesday, April 20, 2021
Petroleum products, Chemical substances, Physical sciences, Chemistry, XC2, Asphalt, Gasoline, Naphtha

b'SAN FRANCISCO, April 20, 2021 (GLOBE NEWSWIRE) -- BizCap\xc2\xae ( Business Capital since 2002) structured and delivered a $12MM asset-based line of credit for a producer of asphalt sold primarily to large highway construction companies in the state of California.

Key Points: 
  • b'SAN FRANCISCO, April 20, 2021 (GLOBE NEWSWIRE) -- BizCap\xc2\xae ( Business Capital since 2002) structured and delivered a $12MM asset-based line of credit for a producer of asphalt sold primarily to large highway construction companies in the state of California.
  • The Company also produces distillate and naphtha, sold to local refineries for the production of gasoline.
  • Crude oil is processed into these finished products at its own plant, which has been in operation for over 88 years.
  • BizCap\xc2\xae is a proud supporter of Team IMPACT, a national nonprofit that connects children facing serious and chronic Illnesses with local college athletic teams, forming life-long bonds and life-changing outcomes.\n'

Global Lubricants Market Report 2021: Lubricant Demand by Product Type and Market for Six Regions and 24 Individual Countries - ResearchAndMarkets.com

Retrieved on: 
Friday, April 23, 2021
Energy, Other Manufacturing, Manufacturing, Oil, Gas, Ships, Water, Petroleum products, Ontology, Maritime transport, Yacht, Boating, Lubricant, Submarine, Cargo ship

b'marine (e.g., passenger and cargo ships, yachts and other recreational boating, military ships and submarines)\nother markets (e.g., oil and gas exploration and production, electric power generation)\nDemand is also discussed in terms of lubricant formulation:\n'

Key Points: 

b'marine (e.g., passenger and cargo ships, yachts and other recreational boating, military ships and submarines)\nother markets (e.g., oil and gas exploration and production, electric power generation)\nDemand is also discussed in terms of lubricant formulation:\n'

Phillips 66 and Southwest Airlines collaborate to advance sustainable aviation fuel

Retrieved on: 
Thursday, April 22, 2021
Professional services, Air, Environment, Oil, Gas, Transport, Energy, Finance, Aviation fuels, Petroleum products, Liquid fuels, Fuels, Liquids, Chemical substances, PSX, Jet fuel, Phillips 66, Gasoline, Avgas

b'Phillips 66 (NYSE: PSX) and Southwest Airlines (NYSE: LUV) have signed a memorandum of understanding to advance the commercialization of sustainable aviation fuel, focusing on public awareness and research and development.

Key Points: 
  • b'Phillips 66 (NYSE: PSX) and Southwest Airlines (NYSE: LUV) have signed a memorandum of understanding to advance the commercialization of sustainable aviation fuel, focusing on public awareness and research and development.
  • It is a drop-in fuel, meaning it can be used in existing aircraft engines and airport fuel infrastructure.\n\xe2\x80\x9cPhillips 66 has a long history of driving innovation in the commercial and general aviation industry,\xe2\x80\x9d said Brian Mandell, Executive Vice President of Marketing and Commercial for Phillips 66.
  • \xe2\x80\x9cWe are excited to work with Southwest Airlines to find ways to help achieve its lower-carbon goals and to develop a path forward for sustainable aviation fuel that benefits all segments of the industry.\xe2\x80\x9d\nPhillips 66 is a major U.S. refiner and supplier of jet fuel and aviation gasoline.
  • Phillips 66 disclaims and does not undertake any obligation to update or revise any forward-looking statement, except as required by applicable law.\nView source version on businesswire.com: https://www.businesswire.com/news/home/20210422006004/en/\n'

Global Autonomous Ships Market (2020 to 2030) - by Level of Autonomy, Ship Type, Component and Fuel Type - ResearchAndMarkets.com

Retrieved on: 
Monday, April 19, 2021
Transport, Maritime, Chemistry, Physical sciences, Fuels, Liquid fuels, Petroleum products, Sustainable technologies, Heavy fuel oil, Oils, Fuel oil, Ship, Liquefied natural gas, Carbon-neutral fuel

b'The "Autonomous Ships Market by Level of Autonomy, Ship Type, Component and Fuel Type: Global Opportunity Analysis and Industry Forecast, 2020-2030" report has been added to ResearchAndMarkets.com\'s offering.\nAutonomous ships are the self-driving vessels that operate on the surface of water without any crew present on the ship.

Key Points: 
  • b'The "Autonomous Ships Market by Level of Autonomy, Ship Type, Component and Fuel Type: Global Opportunity Analysis and Industry Forecast, 2020-2030" report has been added to ResearchAndMarkets.com\'s offering.\nAutonomous ships are the self-driving vessels that operate on the surface of water without any crew present on the ship.
  • One of the major factors that drive the autonomous ships market share is increase in seaborne trades across the globe.\nThe autonomous ships market is segmented based on the level of autonomy, component, ship type, fuel type, channel type, and region.
  • Depending on the ship type, the market is categorized into commercial ships, defense ships, and passenger ships.
  • By fuel type, the market is classified into carbon neutral fuels, liquefied natural gas, electric batteries, and heavy fuel oils.