Americas
Gevo, Beta agree to develop integrated process for cellulosic isobutanol
The deal also anticipates commercialization of the technology upon project success, which could enable renewably-sourced, competitively-priced jet fuel as well as other chemicals and fuels made from isobutanol.
India's GAIL to import 2 million tpy of LNG from US
The deal could be worth $12 billion, the newspaper said. Senior GAIL executives and Indian oil ministry officials were in the US last week to put the finishing touches on the agreement, according to the report.
EIA lowers US price estimates for refined products, oil prices in 2012
The agency said retail gasoline prices would average $3.49/gal in 2012, down from $3.56 in the June estimate. The EIA said 2012 retail diesel prices are expected to average $3.79/gal, down from $3.90/gal. The EIA said heating oil would average $3.64/gal for 2012, down from the June estimate of $3.71/gal.
DuPont picks KBR for engineering contract on Iowa cellulosic ethanol project
KBR will provide front-end engineering, detailed engineering and procurement services to DuPont’s industrial biosciences group for the plant to be constructed in the Midwest US. The ethanol facility is designed to process 1,300 tpd of corn stover and produce 27.5 million gal/year of ethanol.
CB&I wins engineering work in Texas for Enterprise propane dehydrogenation unit
CB&I was awarded a contract by Enterprise Products for the license and basic engineering of the company’s planned propane dehydrogenation unit on the Texas Gulf Coast. The project will produce 1.65 billion lb/year (approximately 750,000 tpy) of polymer-grade propylene (PGP).
Europe plays increasing role in US gasoline market
The current state of the crude oil and refining industry in the Northern Atlantic basin has led to excess European gasoline production playing a vital role, says one analyst. That additional production could be saving the US East coast from shortages, he explains.
ADT North America unit changes name to Tyco Integrated Security
Tyco International said Thursday that its ADT North America Commercial Security business unit will officially go by its new name, Tyco Integrated Security, effective immediately. The name change reflects the company’s exclusive focus and commitment to providing security solutions.
US ethylene costs recovering after 20-month low
The US spot ethylene price touched 39.5 cents/lb on June 13, extending its drop from a seven-year high of 75.12 cents/lb on April 5 after unplanned plant outages and scheduled maintenance caused supply to fall short of demand, according to the pricing service.
Nigeria signs $4.5bn refinery deal with US company Vulcan Energy
The deal between US-based Vulcan Energy, the Nigerian government and a local firm, aims to build six refineries with a combined capacity of 180,000 bpd, Nigeria's Trade and Investment Ministry said in a statement, which also listed the 697.5 billion naira ($4.5 billion) price tag.
EPA excludes smaller US plants from new GHG rule
Fresh off a legal victory upholding its rules on greenhouse gas emissions, the Obama administration has decided to go easy on "smaller" facilities that emit carbon dioxide, methane and other pollutants. This protects thousands of facilities from having to undertake measures to cut emissions.
- IHI, Vopak to launch ammonia terminal project in Japan 7/11
- India's BPCL plans to shut Bina refinery unit for 15-day maintenance in August 7/11
- Soaring electric truck sales deal new blow to diesel use in China 7/11
- Russia`s Tatneft launches new hydrocracking unit on TANECO refinery 7/11
- IEA: Global oil market may be tighter than it looks 7/11
- India must boost its petchem output to counter China's dominance, Reliance says 7/11
