Refining
HP Industry Metrics
A sharp drop in the gasoline crack spread following the end of the US driving season and increasing inventories caused refinery margins to fall.
HP Innovations
Ingersoll Rand debuted its TURBO-AIR NX 8000 integrally geared centrifugal compressor at the Turbomachinery & Pump Symposia show in Houston, Texas in September.
DuPont opens world’s top cellulosic ethanol plant
This biorefinery is the world’s largest cellulosic ethanol plant, with the capacity to produce 30 million gal/year of clean fuel that offers a 90% reduction in greenhouse gas emissions as compared to gasoline.
Chevron lifts downstream results as margins rise
Downstream earnings in the third quarter improved in both the US and internationally for Chevron, with overall profit from refining oil into fuels jumping 59% to $2.2 billion.
Total selects Axens’ technology for new La Mède biorefinery in France
The plant will produce 500,000 tpy of high-quality paraffinic biodiesel, treating primarily used oils, as well as other renewable feedstocks. This technology was originally developed by IFP Energies nouvelles in the mid-2000, based upon an extensive research and development program.
Kinder Morgan to acquire 15 refined product terminals in US from BP
The terminals, with 9.5 million bbl of storage, are pipeline-connected to key refining and processing centers across the US and offer extensive truck, vessel, and barge access and terminal services.
Praxair adds new Utah liquefier to serve refiners
A new liquefier will be added to Praxair’s plant, which will nearly double the production of both liquid nitrogen and liquid oxygen. The project is expected to be completed in the first quarter of 2017.
Total reports record European refining margin indicator in third quarter
Total, Europe's biggest refiner, said its European refining margins indicator (ERMI) rose to $54.8/ton in the third quarter of 2015. That's up from $54.1 in the previous quarter.
Total chooses Axens’ VGO technology to expand Donges refinery in France
The new vacuum gasoil (VGO) hydrodesulfurization unit is designed to process around 40,000 bpd, and it will allow Total to produce more low-sulfur fuels, thus meeting new EU specs.
Chevron extends job cuts to trading desks
Chevron will cut staff on its global energy trading desks, making it the latest unit to face reductions as part of a $3 billion cost-saving plan brought on by weak crude oil markets.
- CTCI awarded $417-MM EPC contract to build ethylene storage in Qatar 11/15
- Russian refineries cut oil runs due to losses, closures loom 11/15
- Spain's Moeve swings to quarterly loss on weak refining margins 11/15
- Asia naphtha supply expected to remain tight over next two years 11/15
- Countries, companies lag in response to tackle methane emissions, U.N. says 11/15
- U.S. energy draws up a wish list for new Trump administration 11/15
