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U.S. energy companies are scrambling to buy more cyber insurance after this month's attack on Colonial Pipeline disrupted the U.S. fuel supply, but they
U.S. energy companies are scrambling to buy more cyber insurance after this month's attack on Colonial Pipeline disrupted the U.S. fuel supply, but they can expect to pay more as cyber insurers plan to hike rates following a slew of ransomware attacks. The Colonial ransomware attack on May 7 shut the largest fuel pipeline network in the United States for several days, crippling fuel delivery to most of the U.S. East Coast. Pipeline companies rely on electronic networks, putting them at risk of additional attacks that could hamper delivery of crude oil or other fuels.
CVR Energy explores producing sustainable aviation fuel
5/28/2021
U.S. billionaire Carl Icahn’s CVR Energy Inc is exploring whether it can produce sustainable aviation fuel at its refineries, according to three sources familiar with the matter.
Renewable fuels account for just a fraction of the fuel for road transportation, but refiners are trying to source different types of feedstock to reduce their greenhouse gas emissions. Refiners, including Valero and Phillips 66, are exploring ways to produce greener aviation fuel from feedstocks such as grease, animal fats and plant oils, to decarbonize and meet rising demand.
CVR, a merchant refiner, has already announced plans to produce renewable fuels at its Wynnewood, Oklahoma, refinery in the third quarter of this year and said it is exploring options to produce renewable diesel at its Coffeyville, Kansas refinery.