Economics
Petroperu close to boosting crude supply for Talara refinery, president says
Peru's state-owned energy firm Petroperu is negotiating with oil producers in the Americas and Asia to import about 63,000 bpd of crude for its newly modernized Talara refinery.
Neste decides to invest in liquefied waste plastic upgrading unit at its Porvoo refinery
Neste has made the final investment decision to commence construction of upgrading facilities for liquefied plastic waste at its Porvoo refinery in Finland.
Mitsui O.S.K. Lines, Ltd. makes strategic investment in Ascension Clean Energy
MOL Clean Energy and Clean Hydrogen Works, LLC announce MCE as a Joint Venture shareholder in Ascension Clean Energy, a proposed world-scale, clean hydrogen-ammonia production and export facility in Ascension Parish, Louisiana.
Singapore May bunker sales hit over 5-year high as vessel arrivals spike
Monthly sales of marine fuel, also known as bunker fuel, hit over five-year highs at the world's largest refueling hub Singapore in May as vessel arrivals spiked amid firm container throughput, official data showed.
Bunge boosts oilseed dominance, renewable diesel potential with Viterra deal
Bunge's planned acquisition of Viterra would make the world's biggest oilseed crusher even more dominant and secure a larger role in the expanding renewable diesel industry, although it may face competition hurdles.
India soon to overtake China as largest oil demand driver
India will soon overtake China as the largest driver of global oil demand, International Energy Agency chief Fatih Birol said.
U.S. crude inventories post surprise large build, fuel stocks rise
U.S. crude oil stockpiles posted a surprise large build last week, while gasoline and distillate inventories gained more than expected.
China to become oil refining juggernaut, raising global risks
China is both the biggest driver of future demand for crude oil, and the biggest risk to global refining as it will continue to hold much of the world's spare capacity.
Cushing, OK chosen as new site for $5.6-B oil refinery project
El Campo-based Prairie Energy Partners has chosen Cushing, Oklahoma as the location for its proposed $5.6-B oil refinery project, despite property tax incentives offered by Victoria County officials in Texas.
thyssenkrupp Uhde and Johnson Matthey increase ammonia synthesis capacity at Koch Fertilizer facility
Working in collaboration, thyssenkrupp Uhde and Johnson Matthey have delivered a product solution to in-crease the ammonia capacity at Koch Fertilizer’s Fort Dodge, Iowa facility. During the revamp of the existing ammonia plant, the team integrated the uhde dual-pressure process, which was installed upstream of the existing ammonia synthesis loop.
- UPM unlocks new bio-based markets as Leuna biorefinery produces its first commercial product 12/19
- Stamicarbon awarded technology licensing contract for new urea plant in Eastern China 12/19
- Ford takes $19.5-B writedown on EV business 12/19
- Babcock & Wilcox awarded $40-MM contract for advanced wet gas scrubbing technology at Canadian petroleum refinery 12/19
- Aarti Industries secures methanol and toluene feedstock supply through multiple long-term contracts 12/19
- bp picks first outsider CEO Meg O'Neill after abrupt Auchincloss exit 12/19
