The US gasoline market received a boost from a gasoline supply outage on the East Coast, despite overall supply-side pressure resulting from higher regional refinery intakes.
Anadarko Petroleum Corp. has reached a full agreement with CCS JV, a JV between Chiyoda, McDermott and Saipem, for the development of its Mozambique Area 1 LNG terminal.
As environmental concerns emerging from the incessant consumption of fuels have gripped the attention of global leaders, energy producers have been developing cleaner fuel alternatives for use in domestic and commercial settings.
Sinochem Hongrun Petrochemical Co. Ltd. will use Honeywell UOP’s ionic liquids alkylation technology to produce high-octane, cleaner-burning transportation fuels.
In the US, continued gasoline–related tightening exerted upside pressure on prices, despite improvement in refinery throughputs as refineries returned online.
In April, Hydrocarbon Processing launched the first iteration of its HP Sustainability webcast series.
A combination of planned and unplanned refinery outages affected US gasoline production, resulting in considerable declines in inventory levels.
According to recent statements of leading Japanese analysts in the field of refining and the country’s largest producers, the Japanese refining industry is moving towards consolidation and an increase in efficiency.
Hundertmark, T.,
Mayer, M.,
McNally, C.,
Simons, T. J.,
Witte, C., McKinsey & Co.
If plastics demand follows its current trajectory, global plastics-waste volumes would grow from 260 MMtpy in 2016 to 460 MMtpy by 2030, taking what is already a serious environmental problem to a new level.
All main US products performed positively as refinery product outputs declined considerably and led to a fall in inventory levels, fueling bullish sentiment.