Refining
EPA proposes near 9% increase in 2013 for US renewable fuels mandate
The agency said it intended to require US refiners and fuel importers to use a total of 16.55 billion gallons of renewable fuel during 2013, compared to 15.2 billion gallons last year. As in previous years, the lion's share of that mandate is expected to be met with ethanol made from Midwestern corn.
Marathon plans new name, upgrade for BP Texas City refinery
Marathon Petroleum, which officially completes its acquisition of the 415,000 bpd complex on Friday, has begun referring to the Gulf Coast site as the Galveston Bay refinery.
Japan boosts imports of Russian LNG, crude oil
Japan's imports of liquefied natural gas from Russia rose 17% to 8.3 million metric tons last year, while its imports of Russian crude oil increased 10% to 10.02 million kiloliters, or about 172,000 bpd. Japan also imported 8.12 million tons of thermal coal from Russia in 2012, up 8.1% from 2011.
South Korean refining margins projected to remain strong through March
Refining companies are likely to keep run rates high, until maintenance season in March, to take advantage of the better margins, and this will support export volumes. Margins are now supported by strong demand for middle distillates, especially kerosene, due to winter demand in North Asia.
Valero exploring use of rail to move Canadian crude oil to US Gulf refineries
Valero already has expanded greatly how much oil from Texas and North Dakota its Gulf Coast refineries use. The San Antonio, Texas, company, the world's largest independent refiner, now is looking into using rail cars to bring Western Canadian oil to the Gulf Coast, home to about two-thirds of its refining capacity.
Hess to sell terminals, close New Jersey refinery
Hess no longer considers the terminal network -- which includes 19 terminals along the East Coast and which had been a main outlet for production for its Hovensa joint venture with PdVSA -- as central to its operations. Hess's St. Lucia terminal in the Caribbean also will be in the group offered for sale.
Vietnam inks refinery deal with Japan, Kuwait firms
State-owned PetroVietnam will own a 25.1% stake in the joint venture while Japan's Idemitsu Kosan and Kuwait Petroleum International will each hold 35.1%. Mitsui Chemicals of Japan will own the remaining 4.7%. The refinery will be able to process 10 million tpy of crude oil, the government said.
Bechtel acquires Chevron water treatment process
The WWT Process is a proprietary, two-stage sour water stripping process that separates ammonia and hydrogen sulfide streams from sour waters generated by a refinery’s process units. The technology also allows debottlenecking of sulfur plants and can reduce the cost of new sulfur units.
KBR named engineering partner by CRI for catalytic thermochemical technology
Under the terms of the contract, KBR will provide basic engineering services for broad, full scale commercial deployment of IH2 units. IH2 technology is a cost-effective catalytic thermo-chemical process to produce liquid transportation fuels from renewable resources.
US appeals court overturns key portion of EPA's renewable fuels mandate
The decision means the EPA will have to be more cautious in setting future requirements for buying advanced renewable fuels, including a mandate for this year that is still pending. In previous years, developers relied on the EPA's mandate to show investors there will be a market for their product.
- Eneos plans to shut Marifu CDU in mid-January for maintenance 12/26
- China's 2026 first batch fuel export quotas steady year on year 12/26
- Singapore fuel oil stockpiles rise to two-week high 12/26
- Asia refinery 2025–2026 maintenance/outages 12/26
- Serbia's NIS gets U.S. approval to negotiate sale of Russian stake 12/26
- India's Reliance gets one-month US concession to buy Rosneft oil 12/24
