Refining
Marathon to run refineries at 90% of combined capacity in Q3
U.S. crude oil refiner Marathon Petroleum plans to operate its 13 refineries at 90% of their combined 3 MMbpd capacity in the third quarter.
U.S. EPA says it is auditing biofuel producers' used cooking oil supply
The U.S. Environmental Protection Agency has launched investigations into the supply chains of at least two renewable fuel producers amid industry concerns that some may be using fraudulent feedstocks for biodiesel to secure lucrative government subsidies.
Environmental groups sue Suncor for Colorado refinery pollution
Environmental groups filed a lawsuit against Suncor Energy on Tuesday, alleging that pollution from the company's Commerce City refinery in Colorado has resulted in long-lasting harm to surrounding communities.
U.S. imports of renewable diesel increased in the early months of 2024
In the first five months of 2024, U.S. imports of renewable diesel averaged 30,000 bpd, approaching the monthly record set in May 2023.
Marathon Petroleum's profit beats as volume boost offsets weak refining margins
Marathon Petroleum beat second-quarter profit estimates, as higher volume of crude processing and a strong midstream segment helped offset low refining margins, sending the shares of the top U.S. refiner up 4.9% before the bell on Tuesday.
Saudi's small crude price hike for Asia shows bigger concerns
Asia's beleaguered oil refiners have received welcome relief on two fronts as crude prices slide and top supplier Saudi Arabia offered some relief.
Mexico's new oil refinery to cover 20% of fuel needs in weeks, president says
Production at a new refinery owned and operated by Mexico's state-run oil company Pemex will meet a fifth of the country's motor fuel needs within two weeks, President Andres Manuel Lopez Obrador said on Monday.
NextChem to conduct a feasibility study for a 60,000-tpy SAF plant in Indonesia
NextChem (Sustainable Technology Solutions) has been awarded a feasibility study, along with PT Tripatra Engineers and Constructors, for a 60,000-tpy sustainable aviation fuel project located in Sei Mangkei, Indonesia.
Flint Hills Resources to build solar farm to help power Corpus Christi refinery operations
Flint Hills Resources has announced it will be building its second company-owned solar installation to help power its U.S. refinery operations.
Japan's gasoline imports seen rising through August as refinery outages cut output
Japan's gasoline imports are expected to stay elevated through August after rising 20% in June as outages at its refineries are reducing output during peak summer demand season.
- 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
