Refining
Fuel oil smuggling network rakes in $1 B for Iran and its proxies
A sophisticated fuel oil smuggling network that some experts believe generates at least $1 B a year for Iran and its proxies has flourished in Iraq since Prime Minister Mohammed Shia al-Sudani took office in 2022.
Taiwan's Formosa operates refinery at reduced rate due to maintenance
Taiwan's Formosa Petrochemical Corp. is operating its refinery at a reduced rate of 410,000 bpd due to maintenance at its delayed coker unit (DCU) this month.
MHI Compressor delivers critical turbomachinery for Texas ethane cracker
Mitsubishi Heavy Industries Compressor International Corporation (MCO-I), a leader in the design and manufacturing of compressors, steam turbines and associated auxiliaries, has successfully manufactured, tested and shipped steam turbine-driven compressor packages to Golden Triangle Polymers Co., a Chevron Phillips Chemical Co. (CPChem) and QatarEnergy joint venture, for its world-scale 2.08-MMtpy ethane cracker located in Orange County, Texas.
Venezuela's oil, fuel exports approach 1 MMbpd fueled by sales to Asia
Venezuela's oil exports jumped last month on higher sales to its mainstay Asia customers, and approached 1 MMbpd, a level not seen since early 2020.
Russia's Rosneft may delay refinery modernization due to high interest rates, taxes
Rosneft, Russia's largest oil producer, said it may delay modernizing its refineries due to high interest rates and taxes, as its nine-month profit fell 13.9% year on year to $8.7 B.
Solarig to develop €1.15-B, 75,000-tpy Turboleta SAF in Spain
Solarig is progressing the development of sustainable aviation fuel projects with a portfolio that exceeds 400,000 tpy SAF production in Spain. Specifically, Solarig announced the development of a SAF production plant in Teruel. The project, named ‘Turboleta SAF,’ will have a production capacity of more than 75,000 tpy at a cost of €1.15-B.
Maersk to use SAF to decarbonize airfreight travel
Maersk has signed an agreement to promote the decarbonization of airfreight through the use of Sustainable Aviation Fuel. Lufthansa Cargo will use 400 tons of SAF on behalf of Maersk in the remainder of 2024.
Mexican firefighters extinguish second fire in one week at Pemex refinery
A fire at a refinery belonging to Mexican state oil producer Pemex has been extinguished, the firm and authorities said on Thursday, noting that no one had been reported injured.
Australia's Ampol ends Lytton refinery repairs, provides output forecast
Australia's top fuel retailer Ampol said on Friday it had completed repairs at its fluidized catalytic cracking unit (FCCU) at the Lytton refinery in Queensland, and now expects total production for 2024 to be 5.2 B liters (l).
Russian oil refinery runs in Nov. up 6% m/m
Russian refinery oil processing volumes in November are up by 6% versus October to 22.1 MM tonnes (5.4 MMbpd).
- Kumho Mitsui Chemicals begins operation of chlor-alkali plant using thyssenkrupp nucera technology 6/16
- MAIRE, Azerbaijan partner to increase sustainability projects in Azerbaijan 6/16
- Mitsubishi Gas Chemical, RITE partner to convert captured CO2 into methanol 6/16
- Yara Clean Ammonia supports groundbreaking ammonia bunkering pilot in Pilbara (Australia) 6/16
- Syensqo signs carbon fiber composites recycling contract with Fairmat 6/16
- OCI Global receives U.S. regulatory approval for the sale of its global methanol business to Methanex Corp. 6/16
