Europe
Technip to supply furnaces at Czech ethylene hub
The project covers the engineering, supply and construction of the furnaces, including the associated pipe-rack. These new furnaces will replace damaged units at the site.
HP Global: Forthcoming tax hike could hamper Russian refining
Russia plans to increase the volume of oil it refined this year, despite Western sanctions and the ever-deteriorating business environment, according to an official spokesperson for Alexander Novak, Russia’s minister of energy.
HP Viewpoint: Interesting times to continue for refiners in 2016
A year ago in this publication, John England and Ashnu Mittal were prescient in their article titled “US shale revolution set to spill over into downstream.”
HP Industry Metrics
Global refinery margins fell due to the expectations of a mild winter and an oversupply environment.
HP People
Michael D. Scott has been named an International Society of Automation (ISA) Fellow, a distinguished grade that is granted to ISA senior members in recognition of outstanding achievements in scientific or engineering fields.
Celanese cuts Belgium acetate tow plant by 50%
This decision to reduce acetate tow capacity by 50% at the Belgium complex results from continuing declines in the global demand for acetate tow products, especially in Europe.
Phillips 66 again lists lone Ireland refinery for sale
The sale listing for the Whitegate refinery comes more than a year after Phillips 66 removed the country's only refinery plant from the market, having failed to find a suitable buyer.
Iran targets new investments in refineries abroad
"Buying the oil refineries or their shares abroad is the policy of Iran after the lifting of sanctions," said Abbas Kazemi, head of the National Iranian Oil Refining and Distribution Co.
GEA Heat Exchangers changes company name to Kelvion
Due to a change of ownership, the company previously known as GEA Heat Exchangers says it is now ready to take on global competition under the name Kelvion.
Honeywell installs new control system for Russia’s largest refining complex
The advanced DCS will simplify operations and improve the process efficiency of the refinery’s delayed coking unit, which extracts valuable fuels from heavy oil residues of the refining processes.
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