Refining
Iranian oil prices to China hit new multi-year highs as sanctions hit shipping
The price of Iranian crude oil sold to China has risen to the highest in years as fresh U.S. sanctions have tightened shipping capacity and driven up logistics costs.
Samsung E&A awarded $955-MM contract for 650,000-tpy biofuels plant in Malaysia
SAMSUNG E&A announced that it secured the EPCC contract for a 650,000-tpy biorefinery that will have the capability to produce sustainable aviation fuel and other biofuels such as renewable diesel/hydrogenated vegetable oil. This biorefinery will be located within PETRONAS’ Pengerang Integrated Complex, Johor, Malaysia.
Neste supplies renewable diesel to BMW for initial fueling of the company’s newly-produced vehicles in Germany
BMW is sourcing Neste MY Renewable Diesel™ for the initial fueling of new passenger cars produced at BMW plants in Germany. BMW also recently expanded its approval of the use of renewable diesel (also known as HVO100) across a large portion of BMW models.
Nigeria's Dangote Refinery makes first petrol export to Cameroon
Nigeria's Dangote Refinery said it has made its first export of petrol to Cameroon, a milestone that could pave way for regional energy integration and help stabilize fuel prices across the region.
EIA: U.S. crude stocks fall, fuel inventories rise on robust refining
U.S. crude inventories fell for the third time in a row, while fuel stockpiles rose in the week ending December 6, the U.S. Energy Information Administration (EIA) said, as refinery activity remained seasonally strong.
Wood Mackenzie: Defining the energy transition
As the energy landscape rapidly transforms due to decarbonization, electrification and geopolitical shifts, Wood Mackenzie has released five compelling charts that highlight key trends shaping the sector in the latest Horizons report.
Global diesel prices to rely on refinery closures for support in 2025
The global diesel market will likely find price support in 2025 from the closure of about 1% of refining capacity, traders and analysts said, offsetting current weakness and structural downward pressure as the world shifts to cleaner fuels.
Chevron upgrades Pasadena refinery to increase capacity, feedstock and product flexibility
Chevron U.S.A. has completed a retrofit of its refinery in Pasadena, Texas (U.S.), which is expected to increase product flexibility and expand the processing capacity of lighter crudes by nearly 15% to 125,000 bpd.
bp extends GFA with ABB as supplier of automation across upstream/downstream assets
ABB has extended its relationship with bp through signing a five-year Global Frame Agreement to supply automation, electrical and telecommunications equipment across bp’s upstream and downstream assets and facilities.
Phillips 66 teams with NextEra Energy Resources to power Rodeo Renewable Energy Complex with solar facility
Phillips 66 is teaming up with a subsidiary of NextEra Energy Resources, LLC to power Phillips 66’s Rodeo Renewable Energy Complex with a 30.2-MW solar facility.
- Europe's chemical industry seeks a lifeboat to stay in business 7/21
- BlackRock-led group set to invest in $10 billion Aramco Jafurah infrastructure deal 7/21
- Yara announces possible new ammonia projects in the U.S. 7/21
- German chemical lobby VCI sees no sector recovery before 2026 7/21
- India's Numaligarh Refinery extends key green hydrogen tender date amid Assam policy uncertainty 7/21
- Hynfra and JK Srivastava Group to build $4-B green hydrogen and ammonia hub in India 7/21
