Top news this week
Major renewable energy expansion to create world-class bioenergy company
BP has agreed to form a 50:50 joint venture with Bunge – a leader in agriculture, food and ingredients - that will create a leading bioenergy company in one of the world’s largest fastgrowing markets for biofuels.
Valero Energy faces air pollution lawsuit
The Texas Attorney General office filed a lawsuit Friday against Valero Energy for ongoing air pollution at its Port Arthur refinery in Texas.
Facility to become the largest integrated refinery and petrochemicals plant
Honeywell announced that Kuwait Integrated Petroleum Industries Company (KIPIC) has awarded reconfiguration of refining and petrochemicals sections of its Al-Zour refinery to Honeywell UOP.
Duqm refinery completes more than 25% of multi-billion dollar project
Oman’s Duqm Refinery has completed more than 25% of a $6 billion refinery project that will be able to process 230,000 barrels of crude per day when finalized, Duqm Refinery and Petrochemical Industries Co’s chief executive said.
Japan’s biggest oil refiner to shut refinery venture
JXTG Holdings, Japan’s biggest oil refiner, said it plans to close a 115,000 barrel per day (bpd) Osaka refinery that it owns with PetroChina next year, amid falling demand for crude products in Japan.
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