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Refining

NextChem to conduct a feasibility study for a 60,000-tpy SAF plant in Indonesia

NextChem (Sustainable Technology Solutions) has been awarded a feasibility study, along with PT Tripatra Engineers and Constructors, for a 60,000-tpy sustainable aviation fuel project located in Sei Mangkei, Indonesia.

Flint Hills Resources to build solar farm to help power Corpus Christi refinery operations

Flint Hills Resources has announced it will be building its second company-owned solar installation to help power its U.S. refinery operations.

Japan's gasoline imports seen rising through August as refinery outages cut output

Japan's gasoline imports are expected to stay elevated through August after rising 20% in June as outages at its refineries are reducing output during peak summer demand season.

Head of Hungary's MOL sees no reason to wean off Russian oil

The head of Hungarian oil and gas giant MOL has said he sees no advantage in Hungary weaning itself off Russian oil supplies, and dismissed warnings of fuel shortages in the country as “politics.”

Verbio launches ethanol production at its biorefinery plant in Iowa (U.S.)

Verbio has commenced the commercial production of corn-based ethanol at its biorefinery facility in Nevada, Iowa.

NextChem to provide NX CPO technology to SAF pilot plant in Italy

NextChem will provide the license and the proprietary equipment related to its NX CPOTM technology to Saras’ SAF pilot facility in Sarroch (Sardinia).

China's newest refiner Yulong stocks up on Russian oil ahead of startup

China's newest mega refiner Shandong Yulong Petrochemical has stepped up purchases of Russian crude oil cargoes for September arrival ahead of a planned test operation of its new plant.

Chevron reports 2Q earnings miss on weak refining margins

Chevron reported 2Q earnings on Friday that missed Wall Street estimates due to industry-wide pressure from lower refining margins and natural gas prices, sending its shares down 1.5% in premarket trading.

Illimity Bank provides financing for ISAB refinery upgrade in Italy

Illimity Bank said it had structured a financing deal worth more than 400 MM euros for Italian refinery ISAB, which plans to reduce the environmental impact of its activities under a 1.4-B euro investment plan.

Trafigura-Entara consortium to buy French refinery from ExxonMobil

Rhone Energies, a consortium of commodity trader Trafigura and Entara LLC, has agreed with ExxonMobil's ESSO SAF to buy the Fos-sur-Mer refinery and Toulouse and Villette-de-Vienne terminals in France.