Refining
US refiners revamp operations as renewable fuel costs surge
US oil refiners, beset by the weakest profit margins in six years, have been laying off workers, revamping operations and ratcheting up pressure on regulators and lawmakers to tweak the renewable fuel program, whose costs have ballooned.
LiqTech to supply $18. MM filtration system for Chinese bioethanol plant
LiqTech International, Inc. has entered into a letter of intent to supply a $1.8 MM filtration system for a 100 Mtpy bioethanol plant to be located in Harbin, Heilongjiang, China.
GP Strategies awarded training contract for Kuwait clean fuels project
GP Strategies Corporation has entered into a multi- year agreement with Kuwait National Petroleum Company for training, documentation and competency development services to support Kuwait’s clean fuels project.
Houston Ship Channel re-opens to some vessel traffic
The Houston Ship Channel re-opened to some vessel traffic after a tanker fire prompted closure of the waterway.
Platts proposes change in sulfur content in Asia gasoil benchmarks
Oil pricing agency Platts has begun consulting with traders this week on a change it has proposed in the sulfur content of its key gasoil benchmarks in Asia and the Middle East.
World Energy acquires Mississippi biodiesel production facility
World Energy has acquired Elevance Natchez Inc.’s biorefinery located on the Mississippi River in Natchez, Mississippi.
Tesoro to acquire renewable technology company
Tesoro Corp. has agreed to acquire Virent, Inc., a renewable fuels and chemicals company, to support Virent's success in bringing biofuels technology to commercial scale.
Vietnam to privatize Dung Quat refinery by June 2017
Vietnam aims to privatize its $3 B Dung Quat oil refinery by June 2017, with energy firms from Russia, Thailand and Kuwait expressing interest in taking a strategic stake.
Matrix Service Company awarded construction contract for Monroe Energy refinery
KBR, Inc. awarded Matrix North American Construction a project for construction services in connection with KBR's Tier 3 Ultra-Low-Sulfur Gasoline Relocation Project at Monroe Energy's Refinery in Trainer, Pa.
Petrobras refinery mishaps hurt Brazil fuel output
Serial failures at a Petrobras refinery have hobbled about 10% of Brazil's crude-processing capacity, raising safety and efficiency concerns at the financially troubled state-led oil company.
- 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
