Refining
Fluor to aid Cobalt in commercializing biobutanol
Cobalt Technologies has signed an agreement with Fluor Corp. Under the agreement, Fluor will provide engineering consulting services as Cobalt gears up to commercialize its biobutanol production technology. Additionally, Fluor will offer a broad range of EPCM services for Cobalt’s demonstration and commercial-scale butanol production plants.
Mewah Group invests in Malaysian palm oil refinery
Mewah Group is investing RM150 million to set up a 900,000 metric tpy palm oil refinery in Lahad Datu, Malaysia.
Haldor Topsøe signs contracts with YPF Argentina
YPF Argentina and Haldor Topsøe have signed two contracts for the production of hydrogen and ultra-low-sulfur diesel (ULSD) at the Lujan de Cuyo refinery in Mendoza Province, Argentina.
Financing secured for new Egyptian refinery
The Egyptian Refining Co. (ERC) has signed a debt package of $2.6 billion to finance construction of its $3.7 billion second-stage oil refinery in the greater Cairo area of Egypt.
Solazyme raises over $50 million
Solazyme, Inc. has raised $52 million in its Series D financing round. Solazyme uses microbial fermentation to produce renewable oil that can be used for clean and scalable fuels, chemicals, nutritional food ingredients and health and wellness products.
Gevo purchases ethanol facility in Minnesota
Gevo has signed definitive agreements to acquire Agri-Energy’s ethanol production facility in Luverne, Minnesota.
Western Refining halts activity at Yorktown refinery
Western Refining is suspending refining operations at its Yorktown refinery due to the poor outlook for East Coast refining margins.
Frontier puts positive spin on Cheyenne refinery fire
The late July fire at Frontier Oil’s Cheyenne refinery has been problematic for the company, but its leadership does not see the incident as having a long term effect on Frontier’s overall bottom line.
Possible CNPC and Sinopec turf battle on China’s east coast
Xinhua News is reporting that Petrochina will provide crude oil for the Shandong Dongming Petrochemical oil refinery in Shandong Province, China.
Shell and Delek can’t get it done in Canada
Canada Products (Shell) and Delek US Holdings, Inc. have agreed to end negotiations regarding a potential sale of the Shell Montreal East refinery.
- 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
