Refining
KiOR signs offtake agreement with Hunt Refining for renewables
KiOR has signed an offtake agreement with Hunt Refining. Hunt has agreed to purchase renewable gasoline and diesel blendstocks and fuel oil produced at KiOR’s first commercial facility to be located in Columbus, Mississippi. In addition to the offtake of renewable fuel blendstocks, the two companies have agreed to collaborate on information and resources aimed at optimizing the performance of their products and services.
WSJ reporting Valero to buy UK refinery from Chevron
According to an article published online today by the Wall Street Journal (WSJ), Valero is close to buying a UK refinery from Chevron for $2 billion. The agreement was supposed to be announced at CERA Week today in Houston but was pushed back because final details are still being confirmed.
Offshore logjam breaking as oil field services sector rebounded in 2010
Strong oil prices and rising E&P budgets leading continued strong oil field services activity and improving financial performance is predicted in 2011.
CERAWeek 2011 begins in Houston today
In Houston, Texas, energy executives worldwide have gathered for the 30th CERAWEEK conference.
BP speaks up at CERAWeek
Robert Dudley, Chief Executive, BP plc, addressed the 2011 CERAWeek congress with a message of a new era and new responsibilities for the energy industry.
Neste Oil to increase its use of waste in renewable diesel production
Neste Oil is to increase its use of waste as a raw material for producing NExBTL renewable diesel in 2011. Palm oil will continue to be the single largest raw material input, and is expected to account for just under half of the total raw material used in renewable diesel production in 2011.
China orders three new liquefied natural gas projects using Black & Veatch-patented technology
China Natural Gas Company, Ltd. (CNGC) has selected Black & Veatch and Chemtex to provide engineering, procurement and construction services for three new liquefied natural gas (LNG) plants in China.
Association says proposed changes to US ozone standard will harm job growth
The Environmental Protection Agency’s (EPA) proposed changes to US federal standards regulating ozone could inflict serious harm on America’s economy, job growth and consumers, said Gregory Scott, executive vice president and general counsel of NPRA, the National Petrochemical & Refiners Association, in a statement today to an EPA advisory panel.
7 out of 10 German customers fill up wrong
With the introduction of Super E10 (10% ethanol blended gasoline), nearly 70% of German drivers avoid filling up with the higher bioethanol fuel blend.
Preem to begin sales of oil renewable diesel blend in Sweden in April
Swedish oil and marketing company Preem AB in April will begin sales of diesel blends containing 15% renewable diesel produced from tall oil as well as 5% biodiesel
- South Korea approves nearly $1.4-B petrochemical restructuring deal as supply glut weighs 2/25
- Romanian largest refinery to shut down in March for scheduled turnaround 2/25
- Malaysia's Prefchem cuts refinery output after shutting gasoline unit 2/25
- U.S. Chemical Safety Board faults Pemex in 2024 Deer Park refinery's fatal accident 2/25
- Global diesel flows further reshuffle on EU sanctions, discounted Russian exports 2/25
- RFOcean secures first long-term e-methanol supply from ETFuels, driven by FuelEU 2/25
