http://www.hydrocarbonprocessing.com Hydrocarbon Processing http://hydrocarbonprocessing.com/news/2024/05/pakistan-china-to-sign-mou-on-oil-to-chemicals-complex-in-june/ During Prime Minister Shehbaz Sharif's visit to Beijing in June, China and Pakistan are expected to sign a memorandum of understanding (MoU) on a crude-to-petrochemical refinery project. http://hydrocarbonprocessing.com/news/2024/05/chinas-refinery-output-falls-for-first-time-in-20-mos-due-to-maintenance/ China's refinery output fell 3.3% in April from a year earlier, the first annual decline in 20 mos, as large refiners carried out regular maintenance and small independent plants curbed production due to thin profit margins. http://hydrocarbonprocessing.com/news/2024/05/singapore-middle-distillate-stocks-tumble-to-nearly-three-month-low/ Singapore's middle distillates stocks slid to a nearly three-month low this week, falling below 11 MMbbl for the first time in a month as gains in jet fuel/kerosene net exports offset declines in diesel/gasoil net exports. http://hydrocarbonprocessing.com/news/2024/05/chinas-cncec-to-build-300-000-bpd-al-faw-refinery-in-iraq/ China's National Chemical Engineering Company (CNCEC) has inked a deal with the Southern Refineries Company to build a 300,000-bpd refinery in Al-Faw, Iraq. http://hydrocarbonprocessing.com/news/2024/05/us-appeals-court-upholds-biofuel-blending-mandates-for-2020-2022/ A U.S. appeals court upheld a rule from President Joe Biden's administration that set the amount of biofuels that oil refiners were required to blend into the nation's fuel mix from 2020 through 2022, rejecting a challenge by oil refiners to the mandates. http://hydrocarbonprocessing.com/news/2024/05/hif-global-secures-nearly-165-mm-in-investments-to-develop-efuels/ HIF Global announced a combined investment from existing shareholders and the Japanese energy company Idemitsu Kosan, securing $164 MM to fund its eFuels projects. http://hydrocarbonprocessing.com/news/2024/05/russia-gained-newer-diesel-trade-partners-in-2023/ In 2023, Brazil and Saudi Arabia replaced France and Germany as the countries with the second- and third-most seaborne diesel imports from Russia after sanctions related to Russia’s petroleum product trade went into effect in February 2023. http://hydrocarbonprocessing.com/news/2024/05/iran-to-boost-gasoline-diesel-production-as-new-units-go-online/ Jalil Salari, Managing Director, National Iranian Oil Refining and Distribution Company (NIORDC), provided an update on the country's refining units going online this year, which will significantly boost domestic gasoline and diesel production. http://hydrocarbonprocessing.com/news/2024/05/us-renewable-diesel-glut-hits-refiners-margins/ A rush by U.S. fuel makers to recalibrate their plants to produce renewable diesel has created a supply glut for low-emissions biofuels, hammering profit margins for refiners and threatening to impede a young industry. http://hydrocarbonprocessing.com/news/2024/05/vertex-energy-pauses-renewable-diesel-output-to-switch-back-to-fossil-fuels-citing-macroeconomic-woes/ U.S. refiner Vertex Energy will pause renewable diesel production at its refinery in Mobile, Alabama, and convert it to produce fossil fuels instead, citing macroeconomic woes which might persist through next year.