Refining
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
Canadian oil association supports oil sands monitoring
The Canadian Association of Petroleum Producers supports a robust environmental monitoring system in the oil sands region of northern Alberta.
Foster Wheeler aiding with design of waste plastics to liquid fuels plant in Ireland
Foster Wheeler AG announced today that its Global Engineering and Construction Group has been awarded a contract by Cynar Plc to provide basic process engineering design services for a 6,000 tpy plant to convert non-recyclable waste plastics into liquid fuels, primarily diesel.
Monster quake wreaks havoc on Japan’s refining industry
An 8.9-magintude earthquake caused catastrophic damage to Japan’s northern Pacific coast on March 10.
Oil sands quite an opportunity for Canada and the US
A next generation of oil sands development in Canada is set to emerge amid rising world demand for energy resources, according to Imperial Oil CEO Bruce March. March’s remarks were captured during the annual IHS CERA executive conference in Houston, Texas.
Valero confirms purchase of Chevron's Pembroke refinery and other assets
Valero Energy announced today that it has agreed to acquire Chevron's Pembroke refinery in Wales, UK, as well as extensive marketing and logistics assets throughout the UK and Ireland, for $730 million, excluding working capital.
Eni unveils strategic plan
Eni today presented the company's 2011-2014 strategic plan to the financial community in London. In the new plan, Eni confirms a high production growth, the consolidation of its leadership in the Italian and European gas markets, and an ambitious cost reduction program aimed at recovering profitability in R&M.
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.
- UPM and BASF accelerate the transition to recyclable, fiber-based packaging 5/4
- ADNOC launches Industrial Resilience Program at "Make it in the Emirates" to boost UAE industrial capacity and strengthen supply chains 5/4
- Lummus Technology selected for major ethanol-to-jet SAF project in India 5/1
- INEOS sells sulfur dioxide and derivatives business to Ecovyst for $190 MM 5/1
- Perpetual Next selects JPB Logistics as storage partner for Dutch biomethanol facility 5/1
- Trump signs order authorizing oil pipeline project partially reviving Keystone XL 5/1
