Refining
U.S. oil refining capacity rises for second year in a row, reaching > 18.3 MMbpd
U.S. crude oil refining capacity rose 1.5% to 18.38 MMbpd this year, a government report showed on Friday as a major new expansion in Texas boosted capacity.
Neogen releases CelluSmart technology for biofuels industry
Neogen Corporation announced that it has launched the new CelluSmart technology from Megazyme® by Neogen for the measurement of cellulosic ethanol from biofuel production.
Valmet announces upgrade to D3 distributed control system
Using Valmet’s D3 distributed control system (DCS) automation platform, industrial processors can now integrate numerous reliability and performance enhancements in the first significant update following its acquisition from NovaTech Automation last year.
Singapore offers carbon tax rebates for refiners near term
Singapore is offering refiners and petrochemical companies rebates of up to 76% for its planned carbon tax for 2024 and 2025 to help them ease cost stress and remain competitive versus rivals elsewhere.
China continues to lift crude oil stockpiling amid weak refinery runs
The world's biggest crude importer has had a soft start to the year. China added more than 1 MMbpd of crude oil to stockpiles in May as soft imports were outweighed by even weaker refinery processing volumes.
Global gasoline refining margins slump on slow summer driving season
Oil refiners are making less money selling their gasoline as demand during the peak summer driving season has fallen short of what they expected when many of them boosted production.
Nigeria's Dangote owes $2.7 B for refinery construction
Nigerian billionaire Aliko Dangote says his petroleum refinery on the outskirts of Lagos owes $2.7 B in loans taken out to help build the 650,000-bpd plant.
Russia's June idle oil refining capacity raised by 114%
Russia's primary offline oil refining capacity has been raised by 114% from the previous plan to 4.1 million metric tons for June mainly to due to last-month stoppages at the Tuapse and Komsomoslk plants.
U.S. court to allow Citgo share-auction bidders to raise offers
A U.S. court overseeing the auction of shares in Venezuela-owned Citgo Petroleum's parent has told bidders seeking to acquire the seventh-largest U.S. oil refiner they may raise their offers after Tuesday's filing deadline.
Saudi crude oil exports to China to fall for 3rd straight month in July
Saudi crude oil exports to China will fall in July for a 3rd straight month to about 36 MMbbl amid plant maintenance and as some refiners opted for other sources of cheaper oil.
- Neste, Mitsubishi Corporation agree on strategic partnership to develop supply chains for renewable chemicals and plastics 7/16
- Tecnimont awarded green ammonia plant study in India 7/15
- Audi, bp team up with strategic sustainable fuels partnership for Formula 1 7/15
- Iowa biodiesel industry commends Rep. Hinson on letter to EPA 7/15
- Singapore's 1H 2024 bunker sales rise on year but June sees a monthly decline 7/15
- Russia may reinstate gasoline export ban from August if shortages worsen 7/15
- Digital Exclusive: SPECIAL FOCUS: Digital Technologies—Utilize process simulation digital twin to optimize condensate yield
- Digital Exclusive-Flare system design: Liquid pockets in flare headers
- Hydrogen-rich content gasoline: A new concept for paraffinic gasoline reformulation
- Alarm rationalization at Kuwait National Petroleum Company (KNPC) refineries
