Americas
Evacuated drilling rig in Gulf of Mexico catches fire
The rig, located in shallow water off Grand Isle, Louisiana, has been leaking natural gas. It ignited about 10:50 Tuesday evening, according to the federal Bureau of Safety and Environmental Enforcement. The crew had evacuated Tuesday morning and no one was aboard when it caught fire.
Sasol, INEOS to develop new US plant for high-density polyethylene
The envisaged plant will produce 470,000 tpy of bimodal HDPE using Innovene S process technology licensed from INEOS Technologies. The final investment decision from the two companies is expected to be made in the first half of 2014, with start-up of the plant expected at the end of 2015.
AFPM seeks repeal of US renewable fuels rule
The downstream trade group is calling on the US Congress to repeal the Renewable Fuel Standard (RFS), saying the law was based on erroneous assumptions of the market.
DuPont mulls sale of performance chemicals unit
DuPont's performance chemicals business includes titanium dioxide (TiO2), fluorochemicals, and specialty and industrial chemicals. In Tuesday's earnings release, DuPont reported a 12% year-on-year decline in second-quarter net income, mainly due to lower global TiO2 prices.
Praxair starts operations at new hydrogen plant to supply US Gulf refiners
The new plant houses the largest steam methane reformer (SMR) built by Praxair to date. It will supply hydrogen and up to 450,000 lb/hour of steam to Valero’s new 57,000 bpd hydrocracker.
US shale boom threatens Australian gas sector
Big LNG importers like Korea Gas and Japan's Osaka Gas have signed deals with US terminals, diversifying supply sources that had relied on Australia and the Middle East.
Petrovietnam to provide Ecuador with diesel oil
Petrovietam won a contract to supply Ecuador with 2.16 million bbl of diesel oil, state-run company Petroecuador confirmed. Nine cargoes of 240,000 bbl each are scheduled to arrive next month.
DuPont seeks joint ventures on cellulosic ethanol
Chemical giant DuPont is seeking partners for joint ventures in the production of cellulosic ethanol as well as licensing related technology. Licensing agreements would include equipment and DuPont's plant design, and DuPont says it would supply the enzymes needed to produce the fuel.
US monthly oil demand plummets to 16-year low as gasoline use drops
Demand for gasoline, the most widely used petroleum product in the world's biggest oil consumer, fell 1.9% from a year earlier to a 12-year June low of 8.865 million bpd, according to the API. Second-quarter gasoline use was 2% lower than in the same period in 2012, at 8.775 million bpd.
Asian diesel exports to Latin America likely to slow amid new refineries
"Upcoming refinery additions will reduce the region's distillate import requirement," ESAI Energy said in a statement this week. "Crude distillation unit, or CDU, capacity additions of 550,000 barrels a day in the region between 2014 and 2016 will offset higher demand," ESAI said.
- USA BioEnergy secures Johnson Matthey and Honeywell technologies for new SAF facility in Texas (U.S.) 9/10
- Consortium receives AiP for floating ammonia cracker unit 9/10
- Southeast Asia set to export surplus biofuels to Europe, Petronas executive says 9/10
- U.S. refinery-state senators look to block Trump from shifting renewable fuel obligation 9/10
- Canada pledges money, regulatory reform to boost biofuels 9/10
- LNJ GreenPET, Sumitomo partner to accelerate recycled PET sector 9/10
