Refining
IHS Markit: Methanol demand growth driven by methanol-to-olefins, China demand
HOUSTON — Methanol, a basic chemical used to produce fuels and other traditional chemicals, is increasingly used in China to produce olefins in a process called methanol-to-olefins (MTO). By 2021, nearly one in five tons of global methanol production will be utilized for MTO production to satisfy expanding Chinese chemical demand, according to new analysis from IHS Markit.
Judge throws out fines against Tesoro for deadly refinery blast
HOUSTON (Reuters) — A Washington state administrative judge threw out $2.4 MM in fines levied against refiner Tesoro Corp for a 2010 explosion that claimed the lives of seven workers at the company's Anacortes, Washington, refinery.
China issues third set of fuel export quotas under processing scheme
BEIJING/SINGAPORE (Reuters) — China has issued 9.06 MMt of refined fuel export quotas under so-called processing trade terms in its third batch of quotas, two trading sources with knowledge of the matter said on Tuesday.
Monroe Energy: BP violated contract when it blended Texas crude
NEW YORK (Reuters) — BP PLC violated its supply contract when it sold oil to refiner Monroe Energy that was a blend of lower-valued Texas crude with premium varieties, Monroe alleged in a federal court filing last week.
Strike ends at Israeli oil refinery Paz
TEL AVIV (Reuters) — Workers at Israel's Paz Oil on Monday ended their strike that had shut down the refinery in the city of Ashdod after labor and management agreed in principle to a new collective labor contract.
Accenture research: Refiners set to increase spending on digital technologies
NEW YORK — Nearly two-thirds of refiners plan to increase their investments in digital technologies over the next three to five years, although digital is not one of the top plant investment areas for refiners today, according to new research from Accenture.
API welcomes senate letter supporting North American energy markets
WASHINGTON — API President and CEO Jack Gerard welcomed a letter sent by eight US Senators to US Trade Representative Lighthizer emphasizing the importance of North American energy markets to American consumers and US energy security in advance of the North American Free Trade Agreement (NAFTA) renegotiation.
China's $10 B strategic project in Myanmar sparks local ire
KYAUK PYU, Myanmar (Reuters) — Days before the first supertanker carrying 140 Mt of Chinese-bound crude oil arrived in Myanmar's Kyauk Pyu port, local officials confiscated Nyein Aye's fishing nets.
Nigeria refining capacity is one-sixth of needs, says oil minister
ABUJA (Reuters) — Nigeria's daily domestic refining capacity is now at 6 MM liters, while the country's daily consumption stands at 35 MM liters, the country's oil minister said on Thursday.
Sinopec says did not receive order to relocate Yanshan oil refinery
BEIJING (Reuters) — China's Sinopec has not received a government order to relocate the Yanshan oil refinery, contradicting an earlier news report that the plant would be moved to develop the Xiongan New Area, the company said on Thursday.
- Chiyoda, AVEVA forge strategic partnership to power plantOS with AVEVA CONNECT 6/27
- SABIC announces closure of Olefins 6 facility in Teesside, UK 6/27
- LyondellBasell's polyolefin technologies selected by SHCCIG Yulin for petrochemicals complex in China 6/27
- Damaged unit of Iran's South Pars refinery back operating 6/27
- hte conducts research for JGC to advance decarbonization by identifying suitable catalysts for ammonia cracking 6/26
- TES and CPC Finland to develop 500-MW e-NG project in Finland 6/26
