Refining
Solazyme, Mitsui to jointly develop triglyceride oils
The $20 million, multi-year agreement includes further development of Solazyme’s breakthrough high myristic algal oil, a valuable raw material in the oleochemical industry, as well as additional oils that Solazyme is developing for the oleochemical and industrial sectors, according to the companies.
PTT venture to build condensate splitter in Timor
PTT International will own around 70% of the venture and petroleum firm Timor Gap will own the rest. The companies also agreed to jointly engage in condensate trading activities, he said, adding that the two deals require a combined investment of 5 billion baht ($168 million).
Swiss, Egyptian groups make top bids for Petroplus oil refinery in France
The Petit-Couronne refinery in Western France, now in receivership, was among a string of industrial facilities new French President Francois Hollande had promised to protect before being elected. The two bids deemed serious come from investors in Egypt and Switzerland, the newspaper said.
China to raise fuel standards for diesel, gasoline
China's State Council, or cabinet, said Wednesday it would ratchet up national fuel standards to levels similar to those currently found in the US and Europe by the end of 2017. Beijing will also give room to China's refining industry to pass on the cost to consumers, according to the statement.
ABB to extend eni Taranto refinery export terminal
The contract is part of eni’s plan to improve the refinery infrastructure and to ensure a reliable connection with the onshore Tempa Rossa oil plant. ABB is responsible for the engineering, procurement and construction of the new installation, including project management and pre-commissioning.
Neste Oil to expand Porvoo refinery in Finland with new isomerization unit
The investment, valued at €65 million, is intended to increase the output of high-octane gasoline and improve refining flexibility at the site. The isomerization unit will have a capacity of 600,000 tpy. Construction will begin this year, and the unit is due to come on stream in spring 2015.
PBF completes expansion of crude rail terminal at Delaware City refinery
The completion of the facility brings the amount of crude that can be offloaded at the refinery to 110,000 bpd -- 40,000 bbl of heavy Canadian crude oil, and 70,000 bbl of light crude. Trains carrying Bakken oil are expected to begin arriving at PBF's 182,200 bpd Delaware City refinery this week.
Magellan plans new Texas crude pipeline network
The project, estimated to cost approximately $50 million, is supported by long-term committed volumes and is expected to be fully operational by mid-2014 subject to necessary permitting.
Refinery optimization: Closing the gap between planned and actual performance
Plant managers should remember that small, incremental changes can make huge differences to the competitiveness of a refinery in today's international marketplace.
New residue-upgrading complex achieves Euro 5 specifications
In late 2010, Grupa LOTOS SA completed construction of a major residue-upgrading project at its refinery in Gdańsk, Poland. Its 10+ Program was designed to unlock a step change in the facility’s long-term profitability. After two years of operating, this project has had a profound effect on the refinery’s economics.
- Consortium creates world's first supply chain for the production of renewable plastics 2/6
- Valmet to deliver advanced process analytical solutions to Dow’s Path2Zero ethylene project 2/6
- Tampnet brings mission-critical connectivity to hydrocarbon processing industries 2/6
- Cheniere submits application to build massive LNG plant in Texas 2/6
- OQ and Kuwait Petroleum sign PDA for Duqm petrochemical complex project 2/6
- Phillips 66 to lay off workers as Los Angeles (U.S.) refinery shuts down 2/6
