Europe
SOCAR looks to buy stakes in Egyptian refineries
"We would like to widen our activities in Egypt, particularly to buy stakes in refineries there and participate in Egypt's oil refining," SOCAR's president Rovnag Abdullayev told reporters.
DuPont, Blasch form global refining partnership on sulfur recovery technology
The suite of products that will be represented will begin with HexPro ceramic boiler ferrules and VectorWall reaction furnace internals for the sulfur recovery industry, with more products to be added.
INEOS to provide US ethane to ExxonMobil, Shell for Scotland ethylene plant
The Fife ethylene plant is one of Europe's largest and most modern ethylene facilities. The plant started production in 1985, and is one of only four natural gas-fed steam crackers in Europe.
Total secures €400MM upgrade to Donges refinery
“With the agreement, we confirm our plan to invest €400 million in the upgrade and expand the facility’s gasoline production capacity for the European market," said Total's president.
Exxon to expand Rotterdam refinery hydrocracker
An ExxonMobil spokesman said the investment would be at least $1 billion, and the company would add 600 workers to the 650 currently at the refinery during a three-year construction phase.
HP Industry Metrics
A sharp drop in the gasoline crack spread following the end of the US driving season and increasing inventories caused refinery margins to fall.
Chevron lifts downstream results as margins rise
Downstream earnings in the third quarter improved in both the US and internationally for Chevron, with overall profit from refining oil into fuels jumping 59% to $2.2 billion.
Total selects Axens’ technology for new La Mède biorefinery in France
The plant will produce 500,000 tpy of high-quality paraffinic biodiesel, treating primarily used oils, as well as other renewable feedstocks. This technology was originally developed by IFP Energies nouvelles in the mid-2000, based upon an extensive research and development program.
Total reports record European refining margin indicator in third quarter
Total, Europe's biggest refiner, said its European refining margins indicator (ERMI) rose to $54.8/ton in the third quarter of 2015. That's up from $54.1 in the previous quarter.
Global petrochemical prices fall to six-year lows
Petrochemical prices, expressed as a monthly average, fell $102/ton from August to $786/ton in September. This is the second straight month where the average price has fallen over $100.
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