Refining
Japan, S. Korea oil refiners maximize runs to profit from margins at 5-month highs
SINGAPORE (Reuters) — South Korean and Japanese refiners are running their plants at near-maximum capacity to cash in on profit margins that are at five-month highs, industry sources told Reuters on Friday.
Alfa Laval awarded $10.6 MM energy-efficiency order in China
LUND, Sweden — Alfa Laval—a heat transfer, centrifugal separation and fluid handling company—has won an order to supply compact heat exchangers to a refinery in China.
Delek US Holdings announces closing of the acquisition of Alon USA
BRENTWOOD, Tenn. — Delek US Holdings, Inc. announced the closing of the acquisition of the remaining outstanding shares of Alon USA Energy, Inc. common stock in an all-stock transaction. The close of this transaction became effective on July 1.
Asia's booming diesel market draws rare European cargoes
LONDON/SINGAPORE (Reuters) — Oil traders are shipping diesel out of Europe to Asia and the Middle East where strong demand and tighter supplies have boosted prices, in a rare arbitrage that reverses traditional routes.
Indian refiners tap spot crude market to feed increased capacity
SINGAPORE/NEW DELHI (Reuters) — Indian companies have stepped up purchases of high-sulfur crude oil from the Middle East and Russia in the spot market to feed demand from expanded refining capacity, trade sources said.
Saudi Aramco, France's Total study mixed feed cracker
KHOBAR, Saudi Arabia (Reuters) — Saudi Aramco and France's Total are considering building a mixed-feed cracker and derivatives in Jubail, near their joint refining complex, industry sources said.
Indian Oil plans to buy N. American sour crude for the first time
SINGAPORE/NEW DELHI (Reuters) — India's top refiner has issued its first tender to buy high-sulfur, or sour, crude from North America as it seeks to diversify imports, three trading sources said on Tuesday.
Sinopec upgrades 11 refineries to meet stricter fuel standards
BEIJING (Reuters) — China's Sinopec says on Monday the company has upgraded 11 refineries in North China to meet the stricter standards for fuel.
Japan's Idemitsu: No plan to call shareholders' meeting on Showa Shell merger
TOKYO (Reuters) — Japan's Idemitsu Kosan Co said it had no plans to call a shareholders' meeting to vote on a merger with rival Showa Shell Sekiyu after the issuance of new shares, which would dilute the stake held by the refiner's founding family.
Business Trends: Innovative commissioning and startup technologies for industrial projects
The performance of capital project facility commissioning, startup and initial operations often falls short of expectations, and the opportunity for innovative commissioning and startup technologies has yet to be discussed extensively.
- U.S. fuel ethanol exports rise on strong international demand and low U.S. prices 11/6
- LanzaTech and Eramet plan integrated CCUS project in Norway 11/6
- DG Fuels to launch SAF plant in Minnesota (U.S.), converting biomass into high-value fuel 11/6
- Marathon Petroleum's 3Q profit beats, boosts share buybacks by $5 B 11/6
- U.S. crude stocks, gasoline and distillate inventories rise 11/6
- Fire at Tupras oil refinery in Turkey wounds 12 11/5
