Gasoline
Neste Oil to increase its use of waste in renewable diesel production
Neste Oil is to increase its use of waste as a raw material for producing NExBTL renewable diesel in 2011. Palm oil will continue to be the single largest raw material input, and is expected to account for just under half of the total raw material used in renewable diesel production in 2011.
7 out of 10 German customers fill up wrong
With the introduction of Super E10 (10% ethanol blended gasoline), nearly 70% of German drivers avoid filling up with the higher bioethanol fuel blend.
CHS investing $26 million in refined fuels infrastructure
CHS Inc., an energy, grains and foods company, announced today it is investing $26 million in enhancements to strengthen its refined fuels supply infrastructure in the northern plains region of the US.
Sunoco completes sale of Toledo refinery
Sunoco, Inc. announced it has completed the previously announced sale of its refinery in Toledo, Ohio ,to Toledo Refining Company LLC, a wholly owned subsidiary of PBF Holding Company LLC.
RINA coordinates EU information highway development
International classification society RINA is coordinating, on behalf of the Italian Ministry of Transport, a €16 million EU-funded project to develop a new information highway for shipping and logistics.
Holly and Frontier merge to create HollyFrontier
Holly Corp. and Frontier Oil Corp. have merged. Factoring in various variables, it can be safely interpreted that the new company has an enterprise value of $7 billion.
Total sells stake in Spanish company to Abu Dhabi entity
Total and IPIC have signed an agreement whereby Total will sell its 48.83% share in the capital of CEPSA. IPIC, a wholly owned entity of the Abu Dhabi government, is currently a shareholder of CEPSA with a stake of 47.06%.
US refining margins improve, but some refineries remain at risk
During the fourth quarter of 2010, US refining industry performance improved relative to the prior quarter. While the US Gulf Coast crack spreads were somewhat lower in the fourth quarter, the light-heavy crude oil price differential (LLS-Maya) continued to favor refineries with heavier crude slates.
Mubarak exits stage right
What will this mean for IOCs doing business in the region?
BP wants to sell two US refineries
BP announced today that it is looking to sell two of its US refineries. The company has officially put a “for sale” sign in front of its refineries in Texas City, Texas, and Carson, California.
- Consortium launches study to create a consolidated hub for recycled plastics 5/22
- Eni strengthens its global LNG strategy with long-term supply agreements in Indonesia 5/22
- Breakthrough shows how electricity could replace heat to turn CO₂ into useful chemicals 5/22
- bp's Whiting Refinery offers revised proposal to union in ongoing talks 5/22
- Plains oil pipeline partly shut down after rupture in East Los Angeles (U.S.), could disrupt supplies to refineries 5/22
- Vitol moves to open Mexico fuel terminal years after bribery scandal 5/22
