Through its Carbonloop subsidiary, Climate Horizon plans to install units that produce synthetic gas and hydrogen by heating wood residues at extreme temperatures.

Acquiring Roundup as part of the deal to take over Monsanto has embroiled Bayer in costly litigation over allegations the weedkiller causes cancer, a charge the company denies.

Oil majors are expected to break their own annual records on high prices and soaring demand, pushing their combined take to near $200 billion.

Environmentalists have blamed the fuel — along with other factors like crop burning, construction dust and vehicle emissions — for the country’s toxic air that reaches alarming proportions every winter.  

The EU will still get more than a quarter of its diesel imports — around 612,000 barrels a day — from Russia even in January.

The winner in the shake-up appears to be refiners in Asia, who are seeing shipments from Canada surge to the highest in more than a year.

Ship-to-ship transfers are a routine part of oil trading and those that are taking place are doing so in full view of satellite tracking systems.

The movements suggest that, despite the impending collapse in Russian cargo deliveries to the EU, the U.S. may have an even more acute supply situation.

The European Union will have to replace about 600,000 barrels a day of diesel imports, and Russia will need to find new buyers for those supplies.

While Europe has so far made it through an unprecedented energy crisis that has fueled inflation, much of the winter remains.