Refining
China's newest refiner Yulong stocks up on Russian oil ahead of startup
China's newest mega refiner Shandong Yulong Petrochemical has stepped up purchases of Russian crude oil cargoes for September arrival ahead of a planned test operation of its new plant.
Chevron reports 2Q earnings miss on weak refining margins
Chevron reported 2Q earnings on Friday that missed Wall Street estimates due to industry-wide pressure from lower refining margins and natural gas prices, sending its shares down 1.5% in premarket trading.
Illimity Bank provides financing for ISAB refinery upgrade in Italy
Illimity Bank said it had structured a financing deal worth more than 400 MM euros for Italian refinery ISAB, which plans to reduce the environmental impact of its activities under a 1.4-B euro investment plan.
Trafigura-Entara consortium to buy French refinery from ExxonMobil
Rhone Energies, a consortium of commodity trader Trafigura and Entara LLC, has agreed with ExxonMobil's ESSO SAF to buy the Fos-sur-Mer refinery and Toulouse and Villette-de-Vienne terminals in France.
Motiva continues repairs on Texas FCC (U.S.)
Motiva Enterprises was continuing repairs to the shut gasoline-producing fluidic catalytic cracker at its 626,000-bpd Port Arthur, Texas refinery on Wednesday
Canada's crude oil has an increasingly significant role in U.S. refineries
Crude oil imports from Canada have become increasingly important to U.S. oil refineries, now making up most U.S. imports.
Used oil recycling: EDL to engineer another used oil-re-refining plant for Puraglobe
EDL Anlagenbau Gesellschaft has been commissioned by Puraglobe Holding GmbH to engineer another HyLube plant, this time outside Europe.
Shell beats forecasts with $6.3 B second quarter profit
Shell reported second-quarter profit of $6.3 B, a drop of 19% from the previous three months as refining margins and oil and gas trading weakened, though still beating analysts' forecasts.
Ampol, Graincorp collaborate for potential renewable fuels plant in Australia
The companies inked a memorandum of understanding (MoU), under which Graincorp will supply feedstock to produce sustainable aviation fuel and renewable diesel at the Lytton refinery.
Brazil's JBS supplies animal waste for production of sustainable aviation fuel
Brazilian meatpacker is supplying animal waste from its operations abroad for the production of renewable aviation fuels and is studying a similar initiative in Brazil through the Friboi brand.
- Consortium to launch world's first commercialized PET bottle using bio-paraxylene 10/31
- Cepsa becomes Moeve 10/31
- Refiner PBF Energy posts bigger-than-expected 3Q loss as margins collapse 10/31
- Russia's Tuapse oil refinery to resume operations in November 10/31
- Shell's $6-B profit smashes forecasts as LNG offsets weak refining 10/31
- Consortium introduces world's first pharmaceutical bottle partially made with wood-based plastics 10/30
