Refining

Cosmo Oil and Yokogawa start exploring possibilities for refinery digitalization

Cosmo Oil Co., Ltd. and Yokogawa Electric Corporation announce that Cosmo Oil and the Yokogawa Electric subsidiaries Yokogawa Solution Service Corporation and Yokogawa Digital Corporation have joined forces to promote the digitalization of operations at refineries owned by Cosmo Oil.

Digital Feature: Guiding a chopper valve application

MAN Energy Solutions to build reactor for renewable fuels

Cleantech start-up, CAPHENIA, has commissioned MAN Energy Solutions to build a Plasma Boudouard Reactor and will form the core of CAPHENIA's first production plant, ‘GERMANY I’, located at Industriepark Höchst in Frankfurt am Main, Germany where the company will produce its first renewable fuels in 2024.

Neste has been granted energy investment aid for its green hydrogen project at the Porvoo refinery

The Ministry of Economic Affairs and Employment in Finland granted Neste an energy investment aid of EUR 1.96 MM for heat recovery from the green hydrogen production being planned for the Porvoo refinery.

Sri Lanka to ok Sinopec's $4.5-B refinery proposal

Sri Lanka will likely approve on Monday a proposal from Chinese state refiner Sinopec to build a $4.5-B refinery, the South Asian Island nation's energy minister said on Saturday.

BASF shares rise on report ADNOC exploring Wintershall Dea deal

Shares in chemicals giant BASF rose after a report that ADNOC is exploring an acquisition of the German group's energy business Wintershall Dea.

UN-led talks weigh goal to reduce aviation emissions

A UN-led conference in Dubai is weighing goals to reduce carbon emissions from international aviation through less polluting fuel, as a rebound in traffic thrusts airlines back into the conversation over carbon emissions.

Neste to introduce solar power to its Porvoo refinery

Neste has signed a purchase agreement for solar power supply to its Porvoo refinery in Finland with the renewable energy company CPC Finland Oy.  

China oil demand growth poised to slow to around 4% in H1 2024

China's oil demand growth likely to ease in H1 2024 to around 4% with resurgent consumption from the aviation and petrochemical sectors offset by weaker diesel usage.

Scotland's Grangemouth refinery faces closure

PetroIneos is preparing to shut down its Grangemouth oil refinery in Scotland to convert it into a fuels import terminal as it faces growing international competition.