Europe
HP Industry Metrics
Global product markets and refinery margins, particularly in the US, have seen steady improvement since January. Worldwide gasoline demand has soared in recent months in both OECD and non-OECD regions..
Safety and environmental updates for HPI storage tanks
   © leungchopan—Shutterstock.com Storage tanks are common in any hydrocarbon processing industry (HPI) facility or receiving/shipping terminal. Crude oil, refined produc..
Chevron’s downstream business soars on higher refined product margins
“Downstream operations were strong, benefitting from lower feedstock costs and improved refinery reliability," said Chevron CEO John Watson.
Braskem, Odebrecht put US ethane cracker plans on hold, citing markets
In a joint statement, Braskem and Odebrecht confirmed to media outlets that the delay is necessary due to present energy market conditions.
Celanese to cut acetate tow capacity by 50% at Belgium chemical plant
Celanese’s Lanaken plant is located in the Belgian province of Limburg and has a current nameplate capacity of 52,000 tpy and employs approximately 240 employees.
SABIC signs deal to import US shale gas for UK petrochemical feedstock
SABIC has signed an agreement to use shale gas imported from the US at its Teesside petrochemical complex in Britain, acting CEO Yousef Abdullah al-Benyan told news agency Reuters.
CB&I wins engineering contract to expand Afipsky oil refinery in Russia
CB&I's project scope includes early detail engineering and procurement services for multiple new process units, including a 2.5-MMtpy hydrocracker unit licensed by Chevron Lummus Global.
Total to convert La Mède refinery to biodiesel plant
After a €200 million conversion, the La Mède site's flagship operation will be a 500,000-tpy biorefinery to manufacture biodiesel primarily from used oils, as well as renewable feedstock.
Total plans €400M upgrade for low-sulfur fuels at France’s Donges refinery
Total is investing €400 million to upgrade its Donges refinery in France to capture profitable new markets with low-sulfur fuels to meet new European Union (EU) specifications.
EU chemicals industry reports stagnant growth, weakening confidence
“The lack of growth in 2014 was partly due to falling exports," said Cefic director general Hubert Mandery. "Though the price of oil has fallen here in Europe, lowering producer costs, long-term problems persist, especially the challenge of securing affordable energy supplies.”
- Eastern Mediterranean petrochemical cluster developed by Rönesans attracts over $3 billion in investment 7/24
- Energia Costa Azul, Mexico’s second LNG terminal, ships first cargo 7/24
- Indorama Ventures advances circular economy "Zero Waste-to-Landfill" initiative 7/24
- Honeywell Technologies raises 2026 profit forecast in first post-split earnings 7/24
- Chemicals maker Dow beats second-quarter profit estimates 7/24
- Vietnam's Nghi Son refinery secures crude oil to operate through end-September 7/24
