Naphtha
USA BioEnergy secures long-term feedstock supply for $2.8-B SAF refinery in Texas (U.S.)
USA BioEnergy (USABE) has signed a letter of intent with LP Building Solutions (LP) outlining the parties’ plans to enter a long-term supply agreement for sustainably sourced wood fiber to support operations at USAB’s planned Texas Renewable Fuels (TRF) biorefinery in Bon Wier, Texas. The advanced biorefinery will require raw wood feedstocks for the production of renewable fuel. Once finalized, the agreement would provide for up to 2.2 MMtpy of woody biomass for an initial term of 20 yr.
Lotte Chemical Titan signs contract to buy naphtha from Aramco Trading Singapore
Malaysia's Lotte Chemical Titan has signed a three-year contract to buy naphtha from Aramco Trading Singapore starting in July 2025 and running to June 2028, the company said.
Lotte Chemical Indonesia agrees 10-year ethylene supply deal with Asahimas Chemical
Lotte Chemical Corp's $3.9-B large-scale petrochemical plant in Indonesia has signed a 10-year ethylene supply contract with PT Asahimas Chemical.
Synergize FCCUs and hydrocracking processing units to maximize refining margins—Part 2
Part 1 of this article appeared in the February issue. Part 2 here will explore the role of FCC and hydrocracking in crude-to-chemicals and the challenge of cracked feeds, among other topics.
Russia ramps up oil products supplies to Indonesia
Russia is ramping up shipments of oil products to Indonesia as Moscow seeks to expand new markets for its exports in the wake of Western sanctions imposed over its invasion of Ukraine.
Russia's Novatek plans condensate processing complex in Murmansk
Russian energy company Novatek plans to build a complex in Murmansk to process and ship stable gas condensate.
Taiwan's Formosa cuts refinery run rate to 68% on planned maintenance
Taiwan's Formosa Petrochemical Corp. is operating its refinery at 68% capacity this month, or about 370,000 bpd, down from 70% in March due to planned maintenance on one of its refining units.
Update: India's fuel demand hits 10-month high in March
India's fuel demand in March hit a 10-month high, rising 9.3% from the previous month to 20.91 MM tonnes (t).
Oil, gas and refined product imports exempted from Trump’s sweeping tariffs
The exemption will come as a relief to the U.S. oil industry, which had expressed concerns that new levies could disrupt flows and raise costs on everything from Canadian crude oil serving Midwest refineries to European cargoes of gasoline and diesel to the eastern seaboard.
Consortium concludes MoU for study on SAF, bio-naphtha and renewable diesel from domestic forest residues
Japan Airlines Co., Ltd., Marubeni Corporation, Mitsubishi Chemical Corporation, Chugoku Lumber Co., Ltd., Boeing Japan KK and Obayashi Corporation have concluded a memorandum of understanding on a preliminary business feasibility study for the manufacture and sale of sustainable aviation fuel, bio-naphtha and renewable diesel from domestic forest residues.
- Envision Energy powers world's first green marine ammonia bunkering 7/25
- New catalyst breakthrough could make clean ammonia easier to produce 7/25
- U.S. Gulf refiners seek Middle East, S. American oil to offset Venezuela, Mexico losses 7/25
- CEO of Russia-backed Indian refiner Nayara resigns after EU sanctions 7/25
- PetroChina makes FID for new northeast refinery complex 7/25
- Valero Energy beats Q2 profit estimates as refining margins improve 7/24
