Refining
EIA: U.S. crude stocks fall, gasoline and distillate inventories rise
U.S. crude stocks fell while gasoline and distillate inventories rose last week, the Energy Information Administration (EIA) said on Wednesday.
PTTGC starts first sustainable jet fuel production in Thailand
Thailand's PTT Global Chemical (PTTGC) has started producing sustainable aviation fuel (SAF) in the country for the first time and plans 6 MM liters (l) (37,738 bbl) in annual output for the first phase.
New York City lawsuit against Exxon, bp, Shell over climate change dismissed
A judge has dismissed New York City's lawsuit seeking to hold ExxonMobil, bp and Shell liable for misleading the public about their products, and their commitment to renewable energy and fighting climate change.
KT-Kinetics Technology, NEXTCHEM awarded contracts for Petronas hydrogen unit
Part of a new biorefinery within Petronas' Malaysian Pengerang Integrated Complex, the 38,000-m3/hr production unit will supply hydrogen to produce sustainable aviation fuel and hydrogenated vegetable oil.
Sinopec Shanghai Petrochemical to invest $2.9 B to upgrade Chinese operations
To maintain its capacity in crude oil processing and make other operational upgrades, the company will shut down existing 18 sets of oil refining devices and install new ones. The new installations will have a capacity to refine 1.2 MMtpy of ethylene.
bp warns of 4Q profit hit, drop in refining margins
bp has warned that its 4Q results will be hit by weaker oil and gas production, refining margins and trading.
Czech Republic's need for Russian oil ended by pipeline upgrade
Upgrades to boost the capacity for oil deliveries to the Czech Republic via the TAL pipeline are complete, ending the country's need to import Russian crude.
INEOS closes last remaining synthetic ethanol plant in the UK
High energy prices and high carbon taxes have forced the closure of this strategic UK asset. Sir Jim Ratcliffe, Chairman of INEOS says, “De-industrializing Britain achieves nothing for the environment. It merely shifts production and emissions elsewhere."
Montana Renewables announces closing of $1.44-B U.S. DOE loan for renewable fuels and biomass energy facility
Calumet, Inc. announced the closing of a $1.44-B guaranteed loan facility with the U.S. Department of Energy Loan Programs Office that will fund the construction and expansion of the 300-MMgpy renewable fuels facility owned by Montana Renewables
USA BioEnergy secures land for $2.8-B SAF plant in East Texas (U.S.)
USA BioEnergy (USABE) announced it has closed on the acquisition of 1,600+ acres of land in East Texas for its new $2.8-B advanced biorefinery, designed to convert wood waste into sustainable, net-zero aviation fuel (SAF).
- ITT to acquire SPX Flow for > $4.77 B, expanding leadership in highly engineered components and adjacent flow technologies 12/5
- MOL Group introduces eco-friendly Bag-in-Box packaging for lubricants 12/5
- Addis Energy secures $8.3 MM to scale its transformative approach to low-cost ammonia production 12/5
- World Fuel Services supplies cruise line with waste-based biofuels 12/5
- Chevron announced $18 B-$19-B CAPEX budget for 2026 12/5
- Russia and India sign deal to build urea plant in Russia 12/5
