http://www.hydrocarbonprocessing.com Hydrocarbon Processing HIF Global secures nearly $165-MM in investments to develop eFuels http://hydrocarbonprocessing.com/news/2024/05/hif-global-secures-nearly-165-mm-in-investments-to-develop-efuels/ HIF Global announced a combined investment from existing shareholders and the Japanese energy company Idemitsu Kosan, securing $164 MM to fund its eFuels projects. Ethylene downcycle puts nearly 25% of capacity at risk of closure http://hydrocarbonprocessing.com/news/2024/05/ethylene-downcycle-puts-nearly-25-of-capacity-at-risk-of-closure/ A series of unprecedented challenges to the global ethylene industry means that as much as 24% of global capacity is now under some threat of permanent closure according to new research by Wood Mackenzie. Heavy oil shortages are driving up refiners' cost http://hydrocarbonprocessing.com/news/2024/05/heavy-oil-shortages-are-driving-up-refiners-cost/ Mexican export cuts and a rerouting of Canadian output are shrinking already limited supplies of heavy crude in the Atlantic basin, driving up refiners' costs with a likely knock-on effect to industries ranging from shipping and construction to Middle Eastern power plants. Global Project Data http://hydrocarbonprocessing.com/magazine/2024/april-2024/trends-and-resources/global-project-data/ Gulf Energy Information’s Global Energy Infrastructure (GEI) database is tracking more than 1,200 active projects in the hydrocarbon processing industry. Mexico's presidential front-runner aims to cut oil refinery waste http://hydrocarbonprocessing.com/news/2024/04/mexicos-presidential-front-runner-aims-to-cut-oil-refinery-waste/ Mexico's presidential front-runner Claudia Sheinbaum plans to invest in state-owned Pemex' oil refineries to reduce the huge volumes of low-value fuels produced and instead boost the output of motor fuels. Global Project Data: Spotlight on petrochemicals http://hydrocarbonprocessing.com/magazine/2024/march-2024/trends-and-resources/global-project-data-spotlight-on-petrochemicals/ Gulf Energy Information’s Global Energy Infrastructure (GEI) database is tracking more than 1,100 active projects in the hydrocarbon processing industry (HPI). Global refinery capacity totaling 3.6 MM bpd at high-risk of closure http://hydrocarbonprocessing.com/news/2024/03/global-refinery-capacity-totaling-36-mm-bpd-at-high-risk-of-closure/ As much as 3.6 MM bpd of global refinery capacity has been assessed as being under high-risk of closure, according to Wood Mackenzie’s latest refinery closure threat analysis.  More than 20% of global oil refining capacity at risk, analysis finds http://hydrocarbonprocessing.com/news/2024/03/more-than-20-of-global-oil-refining-capacity-at-risk-analysis-finds/ More than a fifth of global oil refining capacity is at risk of closure, energy consultancy Wood Mackenzie found in analysis published, as gasoline margins weaken and the pressure to reduce carbon emissions mounts. Global LNG market will 'be tight' until 2026 - TotalEnergies CEO http://hydrocarbonprocessing.com/news/2024/03/global-lng-market-will-be-tight-until-2026-totalenergies-ceo/ The global LNG market will be tight until 2026, Patrick Pouyanne, CEO of TotalEnergies, said at a conference in Houston. MAMII expands membership with Chevron, Seapeak, and TotalEnergies joining the initiative http://hydrocarbonprocessing.com/news/2024/02/mamii-expands-membership-with-chevron-seapeak-and-totalenergies-joining-the-initiative/ Leading energy companies TotalEnergies and Chevron, and major gas carrier Seapeak, have joined the Methane Abatement in Maritime Innovation Initiative, led by SafetyTech Accelerator.