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Refining

PTT Global Chemical redefining maintenance with remote piping inspection robots

PTTGC is refining the concept from Hackathon to innovate and enhance the efficiency of the Remoted Piping Inspection Robot system in factories, addressing issues and reducing costs.

Ukraine continues drone attacks on Russian oil refineries, infrastructure

Ukraine has been systematically targeting Russian energy infrastructure to try to disrupt Russia's economy and its ability to fund its military effort. Ukrainian officials say attacks have been carried out in retaliation for Russian strikes on the Ukrainian energy system.

Holborn awards KT - Kinetics Technology EPC contract for HVO project in Germany

KT - Kinetics Technology (Integrated E&C Solutions), also leveraging the technological know-how of NEXTCHEM (Sustainable Technology Solutions), has been awarded by HOLBORN Europa Raffinerie GmbH (HOLBORN) an engineering, procurement and construction (EPC) project to develop an hydrotreated vegetable oil (HVO) complex inside the existing HOLBORN’s refinery in Hamburg, Germany.

Financial alliances build as Citgo share auction enters last mile

At least five groups of investors submitted binding bids this month in a U.S. court-ordered auction of shares in Citgo Petroleum's parent, and three have secured financing commitments for Venezuela's foreign crown jewel.

U.S. oil refining capacity rises for second year in a row, reaching > 18.3 MMbpd

U.S. crude oil refining capacity rose 1.5% to 18.38 MMbpd this year, a government report showed on Friday as a major new expansion in Texas boosted capacity.

Neogen releases CelluSmart technology for biofuels industry

Neogen Corporation announced that it has launched the new CelluSmart technology from Megazyme® by Neogen for the measurement of cellulosic ethanol from biofuel production.

Valmet announces upgrade to D3 distributed control system

Using Valmet’s D3 distributed control system (DCS) automation platform, industrial processors can now integrate numerous reliability and performance enhancements in the first significant update following its acquisition from NovaTech Automation last year.

Singapore offers carbon tax rebates for refiners near term

Singapore is offering refiners and petrochemical companies rebates of up to 76% for its planned carbon tax for 2024 and 2025 to help them ease cost stress and remain competitive versus rivals elsewhere.

China continues to lift crude oil stockpiling amid weak refinery runs

The world's biggest crude importer has had a soft start to the year. China added more than 1 MMbpd of crude oil to stockpiles in May as soft imports were outweighed by even weaker refinery processing volumes.

Global gasoline refining margins slump on slow summer driving season

Oil refiners are making less money selling their gasoline as demand during the peak summer driving season has fallen short of what they expected when many of them boosted production.