Tag: vegetable oil

According to Towards Chemical and Materials, the global Oil & Gas market size was estimated at USD 6.10 Trillion in 2024 and is expected to surpass around USD 8.79 Trillion by 2034, growing at a compound annual growth rate (CAGR) of 3.72% over the forecast period from 2025 to 2034.

SUGAR LAND, Texas, July 30, 2025 (GLOBE NEWSWIRE) -- CVR Energy, Inc. (NYSE: CVI, “CVR Energy” or the “Company”) today announced second quarter 2025 net loss attributable to CVR Energy stockholders of $114 million, or $1.14 per diluted share, compared to second quarter 2024 net income attributable to CVR Energy stockholders of $21 million, or 21 cents per diluted share. Adjusted loss for the second quarter of 2025 was 23 cents per diluted share, compared to adjusted earnings per diluted share of 9 cents in the second quarter of 2024. Net loss for the second quarter of 2025 was $90 million, compared to net income of $38 million in the second quarter of 2024. Second quarter 2025 EBITDA loss was $24 million, compared to second quarter 2024 EBITDA of $103 million. Adjusted EBITDA for the second quarter of 2025 was $99 million, compared to adjusted EBITDA of $87 million in the second quarter of 2024.

The HVO (Hydrotreated Vegetable Oil) for data centers backup market is rapidly evolving, driven by the global demand for sustainable and reliable power solutions. Featuring key players like Neste, Rapsol, TotalEnergies, Phillips 66, and ENI S.p.A., the market focuses on innovations in biofuels and energy-efficient technologies to support the expanding data center industry. As cloud computing and big data grow, the focus on eco-friendly energy solutions is intensifying, promoting advancements in HVO production and storage. This thrust toward sustainability is redefining industry trends, fostering investments in cleaner, efficient backup power systems critical for data centers.