Refining
Nuclear disaster will shift $200 billion investment to fossil and renewables
In the next five years over $3 trillion will be invested in dynamic segments of the power, energy and water industries. However, forecasts regarding the division of this investment made just months ago are now revised to reflect lower investment in new nuclear power plants and higher investment in alternatives.
Update on Lignol and Novozymes cellulosic ethanol project
Lignol Innovations Ltd. has recently completed a major body of work with Novozymes in producing cellulosic ethanol at Lignol's pilot-scale biorefinery in Burnaby, British Columbia, Canada.
Haldor Topsøe's contract with Petróleos de Venezuela, S.A.
Petróleos de Venezuela, S.A. (PDVSA) and the Danish company Haldor Topsøe have signed a contract for the Centro de Refinación Paraguaná Project.
Holly Refining cited for OSHA violations
The US Department of Labor's Occupational Safety and Health Administration (OSHA) has cited Holly Refining and Marketing-Tulsa LLC with 14 alleged violations following an inspection at the company's crude oil refinery in Tulsa, Oklahoma. Proposed penalties total $62,500.
Valero plans to expand crude unit capacity at McKee refinery
Valero Energy Corp. announced plans to expand the crude unit capacity of its McKee refinery by 25,000 bpd.
China approves Kuwaiti oil refinery joint project
Beijing officials have approved a bid by Kuwait Petroleum Corp. (KPC) to build an oil refinery in cooperation with China Petroleum and Chemical (Sinopec).
Update on dire refining situation in Japan
The 8.9 magnitude earthquake that struck Japan on March 11th has caused considerable interruption to oil refinery operations in the country. Hydrocarbon Processing’s Boxscore Database has complied data indicating that with a total of 28 oil refineries, Japan is the second largest refining country after China in the Asia-Pacific region.
Berkshire Hathaway to acquire Lubrizol
Berkshire Hathaway Inc. and The Lubrizol Corp. announced on March 14 a definitive agreement for Berkshire Hathaway to acquire 100% of outstanding Lubrizol shares for $135 per share in an all-cash transaction.
Japan's refining industry partially closed
Chaos continues as bleak news from Japan streams in from devastated areas
Refinery margins may increase on heels of disaster
Profits from gasoil production in Asia may surged to the highest in 2 ½ years, and fuel oil’s loss narrowed the most in a month after Japan’s biggest earthquake knocked out power plants and refineries, according to Bloomberg online article
- WGLC 2024 opens with strong call for women’s leadership in energy 11/19
- ClonBio Group selects Seeq for enterprise-wide analytics 11/19
- Copernic Catalysts to scale its catalyst for sustainable ammonia production 11/19
- Firefly partners with waste giant Sanepar, strengthening global feedstock access 11/19
- Synata Bio’s Sylonto Project awarded $4.5-MM NDRC grant 11/19
- Lukoil to launch gas chemical complex, gas processing unit in Stavropol in 2029 11/19
