Refining
SABIC creates venture capital arm for technology investment
Saudi Basic Industries Corp. (SABIC) has announced the launch of a new global corporate venture capital arm, SABIC Ventures, in the Netherlands, with the primary goal of seeking out innovative technologies and businesses consistent with the company's global strategy.
Foster Wheeler inks CFB technology license in India
Foster Wheeler announced today that its Global Power Group subsidiary has entered into a 20-year agreement with Essar Projects India Ltd. (EPIL), a subsidiary of Essar Group, to provide a technology license for utility-sized circulating fluidized-bed (CFB) steam generators to be sold in India.
Enterprise starts new pipeline for Louisiana shale
Enterprise Products says its $1.5 billion, 270-mile Acadian Haynesville Extension pipeline officially begins commercial service on Tuesday. Featuring interconnects with 12 interstate pipeline systems and the only southerly option that avoids potential bottlenecks at the Perryville hub, the Haynesville Extension offers producers flow assurance and market choice to assist in maximizing the value of their natural gas.
BlueFire mulls plan for five new US biorefineries
BlueFire Renewables has entered into a memorandum of understanding (MoU) with China Huadian Engineering Co. to finance its integrated power plant and biorefinery in Fulton, Miss., and up to 5 additional plants in the US. The deal also contemplates the formation of a joint venture to develop similar projects in China.
Air China completes first sustainable biofuel flight
Air China, in partnership with Boeing, Honeywell UOP, the Civil Aviation Administration of China, PetroChina and Pratt & Whitney, on Friday completed a demonstration flight using a sustainable biofuel derived from biomass grown in China.
Study says isobutanol-gasoline blends are superior to ethanol in small engines
In side by side performance, durability and emissions testing of small engines, gasoline blended with isobutanol performed better than blends using ethanol, according to new research from renewable chemicals and advanced biofuels firm Gevo. The results demonstrated that unlike ethanol, blends incorporating isobutanol do not cause any irregular or unstable engine or performance issues.
Petron chooses CB&I for technology on Philippines refinery upgrading project
CB&I was awarded contracts by Petron to supply sulfur recovery, tail gas treating and hydrogen plant technologies for the Bataan refinery upgrading project (RMP-2) in the Philippines. The project is scheduled for completion in 2013.
Shale plays spark Q3 rise in US oil, gas deals - PwC
The total value of US oil and gas mergers and acquisitions (M&A) during the third quarter of 2011 jumped 135% as foreign investors continued to show interest in the energy sector, especially in taking positions in shale plays and upstream-related assets, according to a new study from global consultancy PricewaterhouseCoopers (PwC).
Cereplast finalizes purchase of Italy bioplastics site
US-based bioplastics firm Cereplast has completed its purchase of a manufacturing plant in Assisi (Cannara), Italy that will serve as the hub for the company's European bioplastics production. Cereplast management said it estimates the total cost of the purchase and refurbishment of the facility will be approximately €12 million.
LUKoil begins $3bn/year investment plan for Russia downstream projects
Russia’s largest private oil company LUKoil has begun construction on a gas processing plant (GPP) included in a gas chemical facility (GCF) in Budyonnovsk, Stavropol Territory, part of the company’s plan to invest $3 billion/year in downstream operations from 2012 through 2014.
- Borouge, Borealis, CFF and PMS join forces to study polyolefin recycling ecosystem in Indonesia 2/10
- bp's Gelsenkirchen refinery attracts buyer's interest from Klesch 2/10
- Fire at Baiji refinery contained, Iraq's Somo says 2/10
- Hengli Petrochemical sets up Dubai trading subsidiary in expansion 2/10
- Canadian airlines suspend Cuba flights as island set to run out of jet fuel 2/10
- Idemitsu Kosan plans maintenance at Keihin refinery in April 2/10
