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Refining

Deloitte expands energy analytics capabilities

Deloitte has acquired all of the assets of Altos Management Partners, Inc., a consultancy to energy companies that was founded in 1995, as well as those of MarketPoint, Inc., an Altos sister company best known for MarketBuilder, an analytic suite for energy market modeling and price forecasting.

IndianOil signs off on LanzaTech ethanol demo

IndianOil and LanzaTech have signed a memorandum of understanding (MOU) for collaboration in a technology demonstration that will enable IndianOil to produce fuel grade ethanol. As a part of the collaboration, IndianOil will evaluate LanzaTech’s proprietary gas fermentation technology in one of its refineries to produce fuel grade ethanol.

Marathon splitting in two

The Board of Directors of Marathon Oil Corp. has approved moving forward with plans to spin off Marathon's downstream business, creating two independent energy companies.

PetroChina and INEOS European partnership blessed by high ranking government officials

PetroChina International has entered into a framework agreement with INEOS to form a partnership in new trading and refining joint ventures related to the refining operations in Grangemouth, Scotland, and Lavéra, France.

Petrobras signs contract for new units at Refap

Petrobras signed today a contract for the construction of the new diesel hydrotreating unit (HDT II) and the new hydrogen generation unit (UGH II) at the Alberto Pasqualini refinery (Refap) in Canoas, Rio Grande do Sul, Brazil.

IPT offers BQ9000 certification on all biodiesel facilities

International Procurement Tools LLC (IPT) will provide full BQ 9000 certification with each facility that it installs to ensure both the ongoing quality guarantees and the checks and balances the certification requires.

DuPont buying Danisco for $6.3 billion

DuPont has entered into a definitive agreement for the acquisition of Danisco, a global enzyme and specialty food ingredients company, for $5.8 billion in cash and assumption of $500 million of Danisco’s net debt.

Graham Corp. has two ejector system orders worth $4 million

Graham Corp. has received two orders for ejector systems that total approximately $4 million. The first order is for an ejector system to be installed at a US refinery that is being modified to process crude oil from the Alberta oil sands.

Flint Hills Resources gobbles up two Iowa ethanol plants

Flint Hills Resources plans to acquire ethanol plants in Iowa Falls and Fairbank, Iowa. Flint Hills Resources signed an agreement to purchase the plants from Hawkeye Renewables.

US does not have infrastructure to consume more ethanol

The US does not have the infrastructure to meet the federal mandate for renewable fuel use with ethanol but could meet the standard with significant increases in cellulosic and next-generation biofuels, according to a Purdue University study.