Victor and Neste announce partnership to reduce private jet charter emissions by up to 80%

Victor and Neste announce partnership to reduce private jet charter emissions by up to 80%

MOSCOW (MRC) -- Neste and Fly Victor, the on-demand private jet company, announce a partnership which sets a new sustainability benchmark in business aviation, said Hydrocarbonprocessing.

Starting today, Victor members can purchase Neste MY Sustainable Aviation Fuel (SAF) for every private jet booking globally. This enables private jet charterers to reduce the carbon footprint of their private air travel in a credible and measurable way.

Victor’s private and corporate members can reduce the carbon emissions of their air travel, meet the climate targets they have set, and credibly report on their CO?e emission reductions. Corporates signed up for Science Based Targets initiative (SBTi) who are genuinely committed to reducing their Scope 3 emissions, and specifically emissions from their jet charter flights, can currently do this only by booking private jet charter flights with Victor.

As aviation in Europe sets its sights on increasing the share of SAF to up to 10% of all jet fuel use by 2030, this new partnership model also enables accelerated action towards this target. Given how fragmented the business aviation sector is, this “pay here, use there” solution is the first to offer SAF for every charter flight. This is crucial as it enables SAF demand to increase. Victor’s global base of influential members who have the ability and means to choose SAF and make their private travel with reduced climate impact, are offered a great opportunity to help increase the overall demand so this sustainable solution can develop more rapidly.

“I’m excited that we are in this pioneering partnership together with Victor, a leader in charter aviation. It enables Victor members to purchase Neste’s SAF for any flight booked through Victor globally. It is an industry-leading blueprint that we hope other companies will follow as the aviation sector strives for net-zero carbon emissions by 2050. SAF is essential to reaching this goal, immediately reducing greenhouse gas emissions from flying. Neste is committed to supporting aviation’s emission reduction goals and believes that requires a joint effort where everyone’s choice matters,” said Jonathan Wood, Vice President Europe, Renewable Aviation, at Neste.

As per MRC, Neste and United Airlines announced that they have signed a new purchase agreement that provides United the right to buy up to 160,000 mtons (52.5 MM gallons) of Neste MY SAF over the next three years to fuel United flights at Amsterdam Airport Schiphol, and potentially other airports, as well. With this agreement, United became the first U.S. airline to make an international purchase agreement for SAF.

As MRC reported earlier, Neste has a target to process annually over 1 MM tons of waste plastic from 2030 onwards. The company plans to use liquefied plastic waste as a raw material at its fossil oil refinery to upgrade it into high-quality drop-in feedstock for the production of new plastics.

Azelis acquires majority stake in Ashapura Aromas

Azelis acquires majority stake in Ashapura Aromas

MOSOCW (MRC) -- Azelis, a leading global innovation service provider in the specialty chemicals and food ingredients industry, announces that it has signed an agreement to acquire the specialty lubricant (L&MWF1 ) distribution assets of Ak-tas in Turkey, said the company.

The transaction includes the oil additive business of Ak-tas as well as the base oil distribution business of Whitechem, a subsidiary of Ak-tas. Ak-tas and WhiteChem partner with blue-chip principals and have long-standing relationships with customers in Turkey and the surrounding region.

The acquisition further strengthens Azelis’ lateral value chain (LVC) in the L&MWF market segment, following the acquisition of Umongo in South-Africa earlier this year. It is a further reflection of Azelis’ commitment to sustainability, expanding key relationships with principals with a strong agenda in renewable and sustainable base oils. With an application laboratory dedicated to L&MWF, Azelis’ technical specialists aim to consistently drive innovation and sustainability within the segment, as well as the wider market. The transaction is expected to close in the third quarter of 2022, after fulfilment of customary closing conditions.

As per MRC, Azelis, a leading global innovation service provider in the specialty chemicals and food ingredients industry, announces that it has reached an agreement to acquire a majority stake in Ashapura Aromas Private Limited (“Ashapura”), a leading distributor of ingredients in the flavors & fragrances (“F&F”) market in India.

As per MRC, Azelis announces that it has reached an agreement to acquire Chemo India and Unipharm Laboratories’ distribution assets. Both companies are renowned local distributors of specialty chemicals and ingredients for the CASE (coatings, adhesives, sealants, elastomers), L&MWF (lubricants & metalworking fluids) and pharmaceutical market segments in India.

Oriente crude exports suspended, Napo flowing amid force majeure

Oriente crude exports suspended, Napo flowing amid force majeure

MOSCOW (MRC) -- Exports of Ecuador's flagship Oriente crude remain suspended under a force majeure declaration as the spread of anti-government protests hurts oil output, state-run Petroecuador said, sai Reuters.

At least eight people have died and road blockades have led to food and medicine shortages. The crisis has halved oil output, the country's main source of revenue, to some 234,500 bpd while forcing reductions in fuel prices, though protest leaders have called the price cuts insufficient.

On Wednesday, the government of President Guillermo Lasso imposed a curfew and restricted transit in four provinces to restore public order, control violence, secure basic supplies and protect state property, while marking oilfields and facilities as secured zones. The energy minister said on Sunday that output could be completely halted in a matter of days over acts of vandalism.

Petroecuador has not yet rescheduled the suspended Oriente cargoes, it said in a release. The firm issued a wide force majeure declaration over oil exploration, production, transport and exports on June 18, and enforced the cargo suspension on June 28. "Once the force majeure is overcome, the company will timely notify companies about operations to coordinate the (cargo) rescheduling," it said.

Exports of Napo heavy crude have continued flowing, according to trading and company sources, as the privately held OCP pipeline, which transports that grade from oilfields, is working with "relative normality." But the state-owned SOTE pipeline remains halted since Monday due to low flows.

Customers including BP and Marathon Petroleum , which had resorted to Ecuadorian oil to try and replace cargoes of Russian crude lost due to sanctions, are now in talks with other Latin American and Middle Eastern producers, including Brazil's state-run Petrobras, to buy oil cargoes for refining, the trading sources said. U.S. refiners have increased purchases of Ecuadorian crude since Washington imposed a phased wind-down of Russian oil imports.

Peru's state-run Petroperu also had won a tender to receive Ecuadorian crude in coming weeks for its Talara refinery, which is set to restart this year after an expansion project. But cargoes were ultimately resold to BP, which is waiting for a rescheduling to get the oil delivered. BP, Petrobras and Petroperu did not reply to requests for comment. Marathon declined to comment. Lasso on Tuesday survived an attempt by opposition lawmakers to oust him after he insisted his government would not negotiate further with an indigenous leader to end more than two weeks of paralyzing protests.

As per MRC, BP is beefing up its hydrogen management team as the energy company prepares to accelerate investments in the low-carbon fuel which it believes will play a key role in the world's shift away from fossil fuels.
The revamp of the hydrogen team is the first clear sign of changes Anja-Isabel Dotzenrath, a former head of RWE Renewables, has made since becoming BP's head of natural gas and renewables in March. It also comes as BP announces it has agreed to buy a 40.5% stake and become operator of an Australian renewable energy project that could become one of the world's biggest producers of green hydrogen.

Symrise Cosmetic Ingredients enters strategic partnership with evoxx technologies

Symrise Cosmetic Ingredients enters strategic partnership with evoxx technologies

MOSCOW (MRC) -- Symrise Cosmetic Ingredients enters into a strategic partnership with German industrial biotech company evoxx technologies, said the company.

The partners intend to develop biotechnological processes for ingredients used in beauty applications. evoxx contributes its expertise in research and development as well as its global leadership in manufacturing of enzymes and probiotics. Symrise adds their knowledge and capabilities in creating innovative and sustainable cosmetic ingredients.

As a result, consumers will receive beauty products addressing their wishes for effective and responsible ingredients. Consumers today consider the ethical and environmental impact of beauty products. This has led to a general shift in consumer awareness towards choosing beauty products with full transparency. In-line with this consumer’s awareness, the demand for natural or renewable-based products is increasing. Symrise offers a wide range of cosmetic ingredients from renewable resources and based on green chemistry with a leading role in its industry.

“The partnership with evoxx technologies represents a significant step towards further developing our biotech platform. It helps accomplish our strategic goal to continuously expand our portfolio of sustainable cosmetic ingredients”, says Dr. Jorn Andreas, President Cosmetic Ingredients at Symrise. “By uniting our competencies, we will jointly advance natural, and green solutions. It will accelerate the ability to address the desires of customers and consumers for high performing and yet sustainable products”, adds Dr Michael Puls, Managing Director at evoxx.

Under this partnership, Symrise will work with evoxx to co-develop processes and ingredients for all customers that aim to integrate clean and sustainable alternatives into their cosmetic formulas. The collaboration aims at combining the proven expertise of evoxx and Symrise. evoxx is specialized in the development and production of industrial enzymes and biocatalytic processes. Symrise owns a longstanding track record of discovering and launching novel ingredients in Personal Care and beyond. Ultimately, both partners want to serve the market with powerful solutions featuring a better environmental performance than conventional ingredients with similar performance traits.

As per MRC, Symrise (Holzminden, Germany) announced changes to its executive board, effective 1 April 2021, following the departure of board members Heinrich Schaper and Achim Daub. Schaper, board member responsible for Symrise’s flavor segment, will retire and leave the company on 31 March. Jean-Yves Parisot will take over global leadership of the flavor segment in addition to his existing responsibility for the nutrition segment. This will involve combining the flavor and nutrition activities in one segment. Schaper has been a Symrise board member since 2016.

ExxonMobil announces sale of interests in Montney and Duvernay Canadian assets

ExxonMobil announces sale of interests in Montney and Duvernay Canadian assets

MOSCOW (MRC) -- ExxonMobil said that its Canadian affiliates, Imperial and ExxonMobil Canada, have entered into an agreement with Whitecap Resources Inc. for the sale of XTO Energy Canada, which is jointly owned by Imperial and ExxonMobil Canada, said Hydrocarbonprocessing.

The sale, for a total cash consideration of about USD1.47 B, is expected to close before the end of the third quarter, subject to regulatory approvals. The sale completes the marketing effort announced in January, and is consistent with ExxonMobil’s strategy to focus upstream resources on key assets to deliver long-term value to shareholders.

The assets include 567,000 net acres in the Montney shale, 72,000 net acres in the Duvernay shale and additional acreage in other areas of Alberta. Net production from these assets is about 140 MM cubic feet of natural gas per day and about 9,000 barrels per day of crude, condensate and natural gas liquids.

RBC Capital Markets acted as exclusive financial advisor to Imperial and ExxonMobil Canada in connection with the transaction.

As per MRC, ExxonMobil, Grieg Edge, North Ammonia, and GreenH have signed a memorandum of understanding to study potential production and distribution of green hydrogen and ammonia for lower-emission marine fuels at ExxonMobil’s Slagen terminal in Norway.

As per MRC, ExxonMobil expects to add approximately 20,000 bpd of light, heavy and extra-heavy lubricant base stocks when upgrades at its Singapore integrated refining and petrochemical complex are complete in 2025.