Europe
HP Viewpoint: Interesting times to continue for refiners in 2016
A year ago in this publication, John England and Ashnu Mittal were prescient in their article titled “US shale revolution set to spill over into downstream.”
HP Industry Metrics
Global refinery margins fell due to the expectations of a mild winter and an oversupply environment.
HP People
Michael D. Scott has been named an International Society of Automation (ISA) Fellow, a distinguished grade that is granted to ISA senior members in recognition of outstanding achievements in scientific or engineering fields.
Celanese cuts Belgium acetate tow plant by 50%
This decision to reduce acetate tow capacity by 50% at the Belgium complex results from continuing declines in the global demand for acetate tow products, especially in Europe.
Phillips 66 again lists lone Ireland refinery for sale
The sale listing for the Whitegate refinery comes more than a year after Phillips 66 removed the country's only refinery plant from the market, having failed to find a suitable buyer.
Iran targets new investments in refineries abroad
"Buying the oil refineries or their shares abroad is the policy of Iran after the lifting of sanctions," said Abbas Kazemi, head of the National Iranian Oil Refining and Distribution Co.
GEA Heat Exchangers changes company name to Kelvion
Due to a change of ownership, the company previously known as GEA Heat Exchangers says it is now ready to take on global competition under the name Kelvion.
Honeywell installs new control system for Russia’s largest refining complex
The advanced DCS will simplify operations and improve the process efficiency of the refinery’s delayed coking unit, which extracts valuable fuels from heavy oil residues of the refining processes.
Honeywell to provide automation controls for first LNG terminal in Finland
The terminal will allow for the supply of natural gas to marine vessels and industrial facilities in Finland, helping to replace other fuels that have higher emissions.
Eni sells Slovenian downstream business to MOL
MOL signed an agreement with Eni relating to the acquisition of Eni’s entire retail network and wholesale activities in Slovenia. Investment terms were not disclosed.
- Valmet to acquire Severn Group to strengthen Process Performance Solutions segment 12/22
- World’s first dynamic green ammonia plant starts operations in Denmark 12/22
- Baker Hughes to supply liquefaction equipment for Commonwealth LNG export project 12/22
- South Korea petrochemical firms on track to cut up to 3.7 MM tons of output 12/22
- MOL and JERA sign HoAs for the charter of ammonia carriers 12/22
- China's November fuel oil imports up 15% from October 12/22
