Refining
China's Sinopec plans steady refinery output on fuel recovery
Chinese refining giant Sinopec Corp plans to maintain steady refinery output during the second half of 2023 as domestic fuel demand recovers, after reporting a 20% decline in interim profit because of lower crude oil prices.
Sinopec not interested in acquiring Shell's Singapore assets
Asia's top refiner, Sinopec Corp, is not interested in acquiring Shell's refinery or petrochemical plant in Singapore although it is keen on participating in a shale gas project in Saudi Arabia.
Vietnam's largest refinery begins shutting down for maintenance
Vietnam's largest oil refinery has shut down some of its units, beginning a 55-day total shutdown for major maintenance.
Shell taps Goldman Sachs to explore Singapore refinery and petchem plant sale
Shell is considering a sale of its Singapore refining and petrochemical plants as part of a broader strategic review and has hired investment bank Goldman Sachs to explore a potential deal, said several sources close to the matter.
Hengli Oilchem to begin voluntary liquidation
Privately controlled Chinese refining and petrochemical manufacturer Hengli Group said that Sinochem Group and itself were winding up their Singapore-based JV, Hengli Oilchem, due to business and strategic considerations.
Reliance increased oil imports in July by 6% to nearly 1.1 MMbpd
India's Reliance Industries Ltd, the operator of the world's biggest refining complex at Jamnagar in western Gujarat state, increased oil imports in July by about 6% to 1.09 MMbpd.
Marathon Petroleum implements Topsoe technology at Martinez renewables facility
Marathon Petroleum’s refinery in Martinez, California (U.S.), has been repurposed to produce renewable diesel--using Topsoe's HydroFlex technology--through the company’s joint venture with Neste.
Los Angeles (U.S.) refineries mostly unaffected by Hurricane Hilary
The five refineries in Los Angeles, California (U.S.) came through Hurricane Hilary's wind and heavy rain mostly unaffected.
Irving Oil announces major refinery turnaround
On September 17, Irving Oil will begin one of its largest turnaround projects in several years at its Saint John refinery.
Neste to enable PET bottles produced with bio-based materials
Neste has entered a cooperation with Suntory, ENEOS and Mitsubishi Corporation to enable the production of polyethylene terephthalate resin made with renewable Neste RE on a commercial scale.
- NAPCOR releases 2024 PET recycling report highlighting system efficiency gains and continued strength of PET circularity 12/12
- OQ courts other partners for petrochemical complex in Oman as SABIC drops out 12/12
- Brazil's BNDES approves $71 MM for carbon storage project 12/12
- Cuba on edge as U.S. seizure of oil tanker puts supply at risk 12/12
- China oil demand to plateau between 2025 and 2030 12/12
- Germany's PCK refinery says no impact from pipeline leak 12/12
