High product inventory levels and weak heating oil demand continued to weigh on U.S. refining economics. European product markets, except gasoil, exhibited positive performance backed by firm exports and heavy turnarounds in the Middle East.
Nigeria LNG (NLNG), a consortium comprised of Nigerian National Petroleum Corp. (NNPC), Shell, Total and Eni, has greenlighted the expansion of the Bonny Island LNG terminal.
Since the 1970s, Brazil has been a world reference in automotive biofuels, especially bioethanol produced from sugarcane. In 1973, the Organization of the Petroleum Exporting Countries (OPEC) forced a sharp rise in oil prices, triggering a massive slowdown in the country’s economic growth, which had been going through what was dubbed the “economic miracle,” with growth at an average of 12% of GDP. This study gives an overview of the biofuel sector in Brazil, along with the main business challenges and opportunities in this area.
One of the most common and important building blocks in the petrochemical industry is ethylene, constituting a huge and fast-growing worldwide industry. Ethylene is an intermediate chemical used to manufacture many commercial products—approximately 200 MMt will be produced in 2020.
Equatorial Guinea plans to invest $1 B to build several energy projects, including the construction of two new refineries, each with a capacity of 30,000 bpd–40,000 bpd, as well as oil storage facilities, a methanol-to-gasoline plant and an LNG expansion project.
The editors of Hydrocarbon Processing have identified nine projects that are anticipated to significantly impact the global or regional downstream industries. The winners and nominees of the HP Top Project awards will have a considerable impact on the HPI, whether through CAPEX, satisfying domestic or regional demand, diversifying product offerings, or adding to the resurgence in refining and/or petrochemical processing capacity.
Total plans to take a final investment decision (FID) on the Nigeria LNG expansion project by the end of this year. If greenlighted, the 7-MMtpy LNG train would increase the Bonny Island LNG terminal’s capacity to nearly 30 MMtpy. If built, Train 7 is expected to be operational by 2023.
Cheviron, G.,
Martinez Gacio, J.,
Mitschler, M.,
Le Coz, O.,
Yallambalse, M.,
Schwalje, D., Axens
Bio-based, renewable fuels and chemicals can reduce the environmental footprint of maintaining global transportation and product demands, while also offering supplementation of traditional fossil fuels in a global environment with increasing energy demand. The renewable energy sector is large and growing rapidly.
Hydrocarbon Processing, the downstream processing sector’s leading technical publication, has announced the winners for its third annual awards. The HP Awards celebrate innovative technologies and people that have been instrumental in improving facility operations over the past year.
Downstream executives will remember the present decade as a golden age for the industry, driven by low feedstock prices and healthy end-use demand.