Americas
HP Business Trends
To satisfy its growing refined fuel demand, Latin America has relied heavily on imports from the US. Major refinery projects have been announced to curb this reliance, but the drop in crude oil prices has limited capacity expansions.
New projects decline, but backlog holds strong
Even after the recent downturn in oil and natural gas pricing, our analysis shows why downstream E&C companies can depend on a strong backlog to last through the decade.
CHS takes sole ownership of NCRA crude refinery in McPherson, Kansas
"As the nation's leading cooperative energy company, becoming the sole owner of this refinery and its related pipelines and terminals is a critical step in adding value for our member-owners and other customers," said Jay Debertin, CHS executive vice president and chief operating officer.
Sunoco enlists CB&I to expand NGL storage hub in Pennsylvania
The $300-million contract covers the engineering, procurement, fabrication and construction of the tanks used for the storage of refrigerated ethane, butane and propane (NGLs).
Analysts: North American methanol prices to recover over long-term
Fitch Ratings expects methanol's market recovery to be driven by slowly-rising energy prices, as well as growth in methanol used in fuel blending and other energy applications.
INVISTA to license Green Chem’s FCC offgas technology outside China
The process, which will be marketed as DTL process technology outside of China, is a dry-gas-to-liquids technology that allows for flexible conversion of light olefins, present in FCC offgas, into either gasoline and distillate or concentrated aromatics, significantly increasing their value.
Vepica leads Texas crude fractionation project
This new facility consists of an atmospheric distillation unit (ADU) designed to process 25,000 BSPD and to provide run products to storage facilities, as well as the utilities required to support the proper and safe operation of the processing systems.
LyondellBasell looks to build new polyethylene plant at South Texas site
CEO Bob Patel said it could be a combination greenfield-brownfield project at one of the company's sites in metro Houston, but regional sites near Matagorda and Victoria are also possibilities.
Ensyn wins regulatory approval from EPA for US renewable diesel sales
RFDiesel, a drop-in diesel transportation fuel, is created by processing Ensyn's renewable crude, a liquid cellulosic feedstock, with customary petroleum feedstocks in conventional petroleum refineries.
Air Liquide wins engineering work on YCI’s new Louisiana methanol project
Yuhuang Chemical (YCI) has awarded a detailed engineering and procurement services contract to Air Liquide for YCI’s 1.7-million tpy methanol plant located in St. James Parish, Louisiana.
- IHI, Vopak to launch ammonia terminal project in Japan 7/11
- India's BPCL plans to shut Bina refinery unit for 15-day maintenance in August 7/11
- Soaring electric truck sales deal new blow to diesel use in China 7/11
- Russia`s Tatneft launches new hydrocracking unit on TANECO refinery 7/11
- IEA: Global oil market may be tighter than it looks 7/11
- India must boost its petchem output to counter China's dominance, Reliance says 7/11
