Gasoline
The downstream rundown: In case you missed it 6/17
In case you missed any downstream news, this piece will give you a summary of some of the top stories from last week.
Topsoe Technology to reduce customers’ greenhouse gas emissions by 12 MMt in 2022
Topsoe’s technologies are set to reduce its customers’ greenhouse gas emissions by 12 MMt in 2022 alone. These reductions will not be one-offs but ongoing for the years to come.
Chevron Corporation awards Worley a global services agreement
Worley and Chevron have entered into a global master services agreement covering Chevron’s upstream, midstream, and downstream business needs.
U.S. energy chief to discuss record pump prices with refiners next week
U.S. Energy Secretary Jennifer Granholm is expected to meet with refining executives on June 23 as tensions between the White House and the oil industry mount over soaring gasoline prices.
Mexico president says new Pemex refinery will reach full capacity in 2023
Mexican President Andres Manuel Lopez Obrador said Wednesday that a new refinery owned by state-run Petroleos Mexicanos (Pemex) will reach full operating capacity by next year, despite industry experts saying it will take until at least 2024.
Aramco Trading plans to absorb Motiva Trading ahead of possible IPO
The move to combine the businesses is expected to give potential investors a better sense of the scale of Aramco's trading and would also allow the state oil producer to simplify financial reporting and cut duplication.
Biden blasts oil refiners for record high gasoline prices, profits
U.S. President Joe Biden demanded oil refining companies explain why they are not putting more gasoline on the market, sharply escalating his rhetoric against industry as he faces pressure over rising prices.
Dow publishes second annual integrated ESG Report
Dow Inc. released its second annual comprehensive Environmental, Social, and Governance (ESG) report, further demonstrating its commitment to transparency in data disclosure.
Braskem Idesa and Advario announce partnership to construct the Puerto Mexico Chemical Terminal in Veracruz
Braskem Idesa announced the signing of an investment agreement with Advario for a joint 50% stake in the construction and operation of an ethane import terminal in Mexico, called Puerto Mexico Chemical Terminal.
Buyer interest in Exxon's Montana refinery rises with fuel margins
Record-high refining margins have renewed buyer interest in ExxonMobil Corp’s smallest oil refinery, a 61,500 bpd plant in Billings, Montana.
- Hanwha Ocean signs strategic MoU with Kanata Clean Power for proposed $15.7-B, 12-MMtpy FLNG project in Canada 6/18
- Burckhardt Compression secures milestone order for first industrial scale liquefied CO₂ carrier supporting Northern Lights CCS project 6/18
- Dynelectro dispatches 250-kW electrolyzer unit to Syntholene’s Iceland eSAF project 6/18
- EIA: U.S. crude inventories decline for tenth week to over 40-yr low 6/18
- Australia opens first carbon refinery, making new products from captured CO2 6/18
- ABB expands non-invasive sensing portfolio to advance simpler, safer temperature measurement 6/18
