Refining
Indian refiner Reliance to resume using Iranian oil
The Indian refining conglomerate, controlled by billionaire Mukesh Ambani, stopped Iranian oil imports in 2010 because it was worried about the threat of US sanctions.
Rising diesel demand in South Korea cuts exports, could enhance margins
Growing sales of diesel cars and increased use by the freight sector have stoked appetite for the fuel in the country, while subsidies to encourage diesel taxis may provide a further boost this year.
Venezuela to raise fuel prices amid economic crisis
The first fuel price hike in nearly 20 years will boost the cost of gasoline by at least 1,329%. But fuel is still so heavily subsidized that filling a small car will still not cost more than half the price of a soft drink.
US oil, gasoline inventories hit new record highs as refiners boost output
US refinery crude runs rose 338,000 bpd, the EIA data showed, as refinery utilization rates rose by 2.2 percentage points to 88.3% of total capacity.
Small diesel cars seen as vulnerable to European emissions test reforms
Industry officials estimate that 5% of planned diesel auto models might be withdrawn or changed during a first phase of implementation, and more later.
CHS starts up new coker at Kansas refinery
Construction of the coker unit at the CHS refinery at McPherson began in March 2013 and took nearly 2.8 million construction man hours to complete. The unit began operating on Feb. 5, 2016.
Japan embarks on wave of refining consolidation
With four of its five largest refinery companies set to merge, Japan could be left with only 3.2 million bpd of refining capacity by 2020 and as little as 2.3 million bpd by 2030.
Genomatica, Eni’s Versalis make bio-butadiene via renewable feedstocks
The success of this innovative undertaking results from a newly-developed process for the on-purpose production of butadiene which uses various types of sugars as feedstock.
Thai refinery to use Axens’ reforming technology
For this specific project, detailed studies demonstrated that Axens’ technology solution was the most economically attractive option for a given reformate RON target.
Russia’s Rosneft in advanced stage to buy stake in Indian refiner Essar Oil
"Rosneft is in advanced stage to conclude the due diligence process and it will still take some time before the deal is finally closed," Essar Oil Managing Director L.K. Gupta said.
- Consortium creates world's first supply chain for the production of renewable plastics 2/6
- Valmet to deliver advanced process analytical solutions to Dow’s Path2Zero ethylene project 2/6
- Tampnet brings mission-critical connectivity to hydrocarbon processing industries 2/6
- Cheniere submits application to build massive LNG plant in Texas 2/6
- OQ and Kuwait Petroleum sign PDA for Duqm petrochemical complex project 2/6
- Phillips 66 to lay off workers as Los Angeles (U.S.) refinery shuts down 2/6
