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HP Innovations
What's new in HPI innovations
Egypt picks Axens technology on new refining unit
Assiut Oil Refining Company (ASORC) has selected Axens to supply technologies for its project of refinery upgrading, which consist of a new complex for the production of high-octane gasoline.
Motiva to form new, in-house trading organization for refined products
The move toward in-house trading began in late 2014 when Motiva began negotiating term contracts for its gasoline and diesel products. The company intends to expand this focus to include all trading activities for transport fuels and refinery intermediates beginning January 1, 2016.
Europe’s downstream industry remains resilient
The European hydrocarbon processing industry (HPI) is a complex set of refineries and petrochemical facilities distributed among several nations, all of which are critical to the international trading and economy of the EU.
HP Industry Metrics
US refinery utilization rates have returned to summer operating levels. Crude oil pricing supports higher cracking margins for gasoline in US and European markets. Asian margins fell as increasing sup..
US demand rises for ethanol-free gasoline — API
The API and NMMA released new data on demand for non-ethanol gasoline, which is preferred for use by lawn equipment, boats and other recreational vehicles.
The Middle East’s strategic expansion of refined products exports
Already a leader in crude oil exports, the Middle East is making a deliberate move to increase its participation in the refined and petrochemical products markets. It is likely that the ME will continue to add downstream projects. Refining capacity will center on domestic demand and export opportunities to Asia-Pacific and Europe.
HP Editorial Comment: Change is redefining the petrochemical industry
The petrochemical industry is embracing more “change” that is largely due to the recent drop in crude oil prices.
HP Global: Uganda proceeds with new refinery
Uganda is proceeding with the construction of a $2.5-B, 60-Mbpd crude oil refinery with approvals from analysts for this landlocked country’s downstream plans. The engineering, procurement and co..
HP Industry Metrics
Global product markets and refinery margins, particularly in the US, have seen steady improvement since January. Worldwide gasoline demand has soared in recent months in both OECD and non-OECD regions..
- ITT to acquire SPX Flow for > $4.77 B, expanding leadership in highly engineered components and adjacent flow technologies 12/5
- MOL Group introduces eco-friendly Bag-in-Box packaging for lubricants 12/5
- Addis Energy secures $8.3 MM to scale its transformative approach to low-cost ammonia production 12/5
- World Fuel Services supplies cruise line with waste-based biofuels 12/5
- Chevron announced $18 B-$19-B CAPEX budget for 2026 12/5
- Russia and India sign deal to build urea plant in Russia 12/5
