Economics
China's Sinochem to sell two bankrupt refineries to local operators
The acquisitions, which come during a consolidation of the world's largest refining base, would see the new owners step up crude imports and resume operations at the troubled plants, lifting oil purchases at the world's top importer.
CNOOC completes construction on $2.9-B, 1.8-MMtpy integrated complex in east China
China National Offshore Oil Corp has completed building a $2.9-B, 1.8-MMtpy integrated refining and petrochemical complex in eastern China
bp's Whiting refinery (U.S.) continues to flare days after severe thunderstorm
bp's 440,000-bpd refinery in Whiting, Indiana, continued to flare after flooding disrupted its operations earlier this week, the company said.
U.S. to rule on biofuel waivers, but big oil refiners may need to wait
President Donald Trump's administration is expected to rule on a growing backlog of requests from small oil refiners seeking relief from U.S. biofuel laws as early as Friday, but will delay a decision on whether larger refiners must compensate by boosting their own biofuel blending
Chinese independent refiner Hongrun buys Canadian, Brazilian crude
Chinese independent refiner Hongrun Petrochemical has bought crude from Canada and Brazil for its Changyi refinery that recently secured an import quota.
thyssenkrupp Uhde completes pre-FEED for HAMR Energy’s renewable fuels project in Australia
The project, located in Victoria, Australia, will use biomass residues and renewable electricity to produce green methanol that can be used as a low carbon liquid fuel to power shipping and aviation.
Berlin weighs trusteeship extension for Rosneft's German assets
The situation is emblematic of the challenges Berlin faces in dealing with Russian assets in Germany at a time when efforts to end the war in Ukraine are picking up pace.
Ketjen introduces new breakthrough catalyst that mitigates the effects of iron poisoning in FCCUs
Ketjen Corporation has launched SaFeGuard™, a new catalyst technology designed to address iron poisoning in FCC units.
Sumitomo Chemical achieves scale-up of its process for producing propylene directly from ethanol
Sumitomo Chemical has constructed and begun operation of a pilot facility at the Sodegaura site of its Chiba Works for its new proprietary process to produce propylene directly from ethanol.
China’s Sinopec Shanghai Petrochemical first half profit slides
The company said the market remains challenging, with strong supply and weak demand, rising penetration of new-energy vehicles squeezing fuel demand, and the chemical sector still at a cyclical low.
- Transitional Industries and CFEnergia sign feedstock supply contract for $3.3-B Pacifico Mexinol project 2/17
- Neste and World Fuel Services extend partnership, expanding SAF availability at more than 100 airports in Europe 2/17
- U.S. refined product exports by tanker increase to > 6.3 MMbpd in January 2/17
- Japan's oil and gas independence climbs to highest since 2009 2/17
- Dangote signs $400-MM equipment deal with China's XCMG to speed up refinery expansion 2/17
- Former Lukoil-owned ISAB refinery in Sicily exits crisis procedure 2/17
