http://www.hydrocarbonprocessing.com Hydrocarbon Processing http://admin.hydrocarbonprocessing.com/news/2025/07/chinas-shandong-raises-fuel-oil-import-tax-rebates-for-some-refineries/ The provincial government of Shandong, China's refining hub, has increased fuel oil import tax rebates for six independent refineries to improve their profitability as they struggle with low margins and fuel demand. http://admin.hydrocarbonprocessing.com/news/2025/07/vitol-group-submits-bid-above-10-b-for-citgos-parent/ A group led by commodities trading house Vitol submitted a bid exceeding $10 B in the final hours of a court-organized auction of shares in the parent of Venezuela-owned refiner Citgo Petroleum. http://admin.hydrocarbonprocessing.com/news/2025/06/oci-global-completes-19-b-sale-of-oci-methanol-to-methanex-corporation/ OCI Global announced the successful closing of the divestment of 100% of its equity interests in its Global Methanol Business (OCI Methanol) to Methanex Corporation (Methanex) for $1.9 B. http://admin.hydrocarbonprocessing.com/news/2025/06/uks-lindsey-oil-refinery-insolvent-420-jobs-at-risk/ Britain's Lindsey oil refinery has begun insolvency proceedings, putting hundreds of jobs at risk and potentially increasing the country's reliance on fuel imports just weeks after its Grangemouth refinery stopped processing oil. http://admin.hydrocarbonprocessing.com/news/2025/06/california-us-should-raise-fuel-imports-pause-margin-cap-regulator-says/ California's energy regulator on Friday recommended new rules to encourage more private investment in fuel imports and a pause on refiner profit limits, hoping to stop gasoline prices from skyrocketing in the state as it braces for the closure of two of its major refineries. http://admin.hydrocarbonprocessing.com/news/2025/06/sabic-announces-closure-of-olefins-6-facility-in-teesside-uk/ SABIC will permanently close its Olefins 6 facility at the Wilton site. Operating since 1979, the plant has been a major part of the region’s chemical manufacturing landscape for decades. http://admin.hydrocarbonprocessing.com/news/2025/06/vietnam-says-its-refineries-not-yet-affected-by-middle-east-tensions/ Refineries in Vietnam are not being affected by the tensions in the Middle East at the moment, the Ministry of Industry and Trade said. http://admin.hydrocarbonprocessing.com/news/2025/06/ineos-responds-to-uk-governments-industrial-strategy/ • STATEMENT: On the UK Government’s new industrial strategy and the future of British manufacturing http://admin.hydrocarbonprocessing.com/news/2025/06/japan-will-mitigate-potential-gasoline-price-spike-prime-minister-says/ Japanese Prime Minister Shigeru Ishiba said the government will act to mitigate any impact from a potential surge in gasoline prices due to the Middle East conflict, implementing a preventative measure starting June 26. http://admin.hydrocarbonprocessing.com/news/2025/06/tankers-u-turn-zig-zag-pause-around-strait-of-hormuz/ At least two supertankers made U-turns near the Strait of Hormuz following U.S. military strikes on Iran, shiptracking data shows, as more than a week of violence in the region prompts vessels to speed, pause, or alter their journeys.