Americas
Dow Chemical invests in OxyMem’s wastewater treatment technology
The investment will accelerate the commercialization of OxyMem’s promising wastewater treatment technology -- the Membrane Aerated Biofilm Reactor (MABR).
US gasoline use comes in stronger than expected
A larger-than-expected draw in gasoline inventories and falling US crude production softened the blow of soaring crude stocks. Gasoline fell by 4.2 MMbbl to 239.76 million, compared with an analyst forecast for a 1.4-MMbbl draw.
G2X secures $680MM in funding for Natgasoline methanol unit in Texas
The injection of $680 million into the project, combined with OCI's existing equity of $520 million and shareholder loans of $511 million, will complete the entire funding requirements for the project.
Global chemicals output shows monthly growth
During February, chemical production rose in North America, Western Europe, and Asia-Pacific; was flat in Africa & the Middle East; and fell in Latin America and Central and Eastern Europe.
Global diesel glut looms as refiners hike rates to meet gasoline demand
Oil refiners are shifting into high gear to provide as much gasoline as possible for fuel-hungry drivers, and that could lead to a growing diesel glut further down the road.
Analysts wonder if US gasoline consumption data may be overstated
The US consumption figures are so high that some analysts question whether the gasoline is actually being exported rather than consumed domestically.
US gasoline prices rise as demand improves
The rise in gasoline prices is partly because of a seasonal increase in demand as more people are on the road as the weather improves and the days are longer.
INEOS to buy US NGLs from Rex Energy to feed European crackers
The transportation of ethane supplies commenced in April 2016, while propane and butane supplies will start with the completion of Mariner East 2 pipeline in 2017.
API poll: High ethanol mandates worry US voters
“Across the political spectrum, voters are concerned about the significant damage the RFS mandate and higher ethanol blends could cause to automobiles, motorcycles and almost every type of gasoline powered engine,” said Frank Macchiarola, downstream group director at the API.
GPA ’16: Historic trade association changes name to GPA Midstream
GPA Midstream was selected to more clearly identify the midstream industry role that the organization has evolved into in recent years, while also keeping the equity of the three-letter GPA reference.
- Petrobras delivers LPG sold at steep premiums despite Lula move to annul auction 4/3
- Plug Power to supply 275-MW GenEco electrolyzer system for Hy2gen’s Courant decarbonized ammonium nitrate project 4/3
- Vietnam refinery boosting jet fuel production 4/3
- China plans to upgrade some petrochemical plants, phase out others by 2029 4/3
- Morocco has diesel stocks for 51 days, energy ministry says 4/3
- Nigeria's Seplat Energy hit by strike amid push for higher output 4/3
