Economics
bp warns of 4Q profit hit, drop in refining margins
bp has warned that its 4Q results will be hit by weaker oil and gas production, refining margins and trading.
Avina Clean Hydrogen completes FEED for 800,000-tpy clean ammonia facility (U.S.)
Avina Clean Hydrogen announced the successful completion of front-end engineering design (FEED) and front-end-loading (FEL-3) for its 2,200-tpd clean ammonia facility located in Texas Gulf Coast.
INEOS closes last remaining synthetic ethanol plant in the UK
High energy prices and high carbon taxes have forced the closure of this strategic UK asset. Sir Jim Ratcliffe, Chairman of INEOS says, “De-industrializing Britain achieves nothing for the environment. It merely shifts production and emissions elsewhere."
Montana Renewables announces closing of $1.44-B U.S. DOE loan for renewable fuels and biomass energy facility
Calumet, Inc. announced the closing of a $1.44-B guaranteed loan facility with the U.S. Department of Energy Loan Programs Office that will fund the construction and expansion of the 300-MMgpy renewable fuels facility owned by Montana Renewables
India halts trade with U.S.-sanctioned Russian companies and tankers
Indian refiners have stopped dealing with U.S.-sanctioned oil tankers and entities, but the country does not expect disruption to Russian crude supplies during a two-month wind-down period.
U.S. oil refiners brace for a tough year as investor sentiment turns negative
Some investors are souring on the U.S. oil refining sector, citing forecasts for softer fuel demand and worries that President-elect Donald Trump may slap tariffs on imports of crude.
U.S. to impose further sanctions on Russian oil fleet and traders
The United States will impose some of the harshest sanctions yet on Russia's oil industry, according to a purported U.S. Treasury document circulating among traders in Europe and Asia that drove global oil prices 3% higher on Friday.
Digital Exclusive: Automation and digital technologies' role in the energy transition-A discussion with Yokogawa
Hydrocarbon Processing sat down with Mitsuhiro Yamamoto, Vice President and Executive Officer of the Systems Business Division, Digital Solutions Headquarters, Yokogawa Electric Corporation to discuss the global energy transition, and how digital technologies and automation have and will play a major role in the evolution of the processing industries.
Neste MY Renewable Diesel introduced to the Italian market in collaboration with fuel distributor Firmin
Neste is partnering with the Italian fuel distributor Firmin to make Neste MY Renewable Diesel available for the first time in Italy to contribute to the reduction of greenhouse gas emission in the transport sector.
U.S. DOE and EPA announce $6 MM to support development of advanced biofuels
The U.S. Department of Energy Bioenergy Technologies Office and the U.S. Environmental Protection Agency announced $6 MM in funding for three projects that will advance biofuel development and support U.S. leadership in energy and emissions innovation.
- Vioneo awards Lummus polypropylene contract for world's first industrial scale fossil-free plastics from green methanol facility 8/19
- Research: Developing an energy-saving, carbon-capturing method for making ethylene glycol 8/19
- Emerson announced the release of its new Rosemount 3144S temperature transmitter 8/19
- Chinese refiners sweep up Russian oil after Indian demand falls 8/19
- Indonesia plans quick-to-build oil refineries for U.S. crude 8/19
- Russia's ultra low-sulfur diesel exports from Primorsk scheduled to rise in August 8/19
