Refining
Indonesia trying to create palm oil benchmark price
Indonesia, the world's biggest palm oil exporter, plans to require crude palm oil exports to go through a futures exchange to create the country's own benchmark price.
Oil price rises on Chinese demand rebound
Oil rose on signs of a strong economic rebound in top crude importer China, but fears over the impact of potential increases to European interest rates kept prices from moving higher.
Germany has mixed feelings about EU ICE ban
German Transport Minister Volker Wissing called into question a bid by the European Union to ban new cars with internal combustion engines from 2035, saying the use of synthetic fuels should remain possible after the deadline.
Russia's oil/gas revenues fall 40% in January
Russia's revenues from oil and gas exports dropped by nearly 40% in January as price caps and Western sanctions squeezed the proceeds from Moscow's most lucrative export, the International Energy Agency said on Tuesday.
U.S. EPA's proposal would allow a higher ethanol blend in Midwest states
The U.S. Environmental Protection Agency proposed a rule that would allow sales of gasoline with a higher ethanol blend in certain U.S. Midwest states.
Optimizing the construction process through lean project management
Lean project management leans towards a business philosophy that brings value to the customer as opposed to conventional project management, which is focused on a product or project.
VOC reduction at Raffineria di Milazzo’s SRU complex—Part 1
Based on new environmental regulations focusing on volatile organic compounds (VOCs) at the emissions point of a refinery’s sulfur recovery unit (SRU), Raffineria di Milazzo—a JV between Eni and Kuwait Petroleum Italia—carried out troubleshooting activities to identify and implement suitable actions to minimize the concentration of VOCs at the emissions point of the SRU complex.
Innovations
Globally, > 90 MMbpd of crude oil, natural gas and refined hydrocarbons are produced, transported, stored and sold to end users.
Editorial Comment: Juggling the increasing global demand for thermoplastics vs. reducing their environmental
If you were to review any forecast for global thermoplastics demand to 2050—high-density polyethylene (PE), low-density PE, polypropylene, polyvinyl chloride and polyethylene terephthalate, among others—chances are that you will see a steady rise in consumption.
Methanex-Mitsui complete first net-zero voyage fueled by bio-methanol
Methanex Corporation and Mitsui O.S.K. Lines, Ltd. announced the dual-fuel vessel “Cajun Sun” successfully completed the first-ever net-zero voyage fueled by bio-methanol.
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- LyondellBasell misses quarterly profit estimates on falling refining margins 11/1
- ExxonMobil sells French Fos-sur-Mer refinery to Trafigura consortium 11/1
- Drone crashes on oil depot in Russia's Stavropol region 11/1
- Lummus and Advanced Ionics establish partnership for green hydrogen 11/1
- Consortium to launch world's first commercialized PET bottle using bio-paraxylene 10/31