Refining
More European oil refineries to close, convert in next 10 yr, panel says
European oil refineries will have to adapt to the energy transition or face a heightened risk of closure by 2035, a panel of executives said at the Financial Times Commodities Global Summit in Lausanne on Monday.
How Russian energy trade might change if sanctions are eased
As talks aimed at ending the war in Ukraine continue, a potential relief in sanctions imposed on Russia, including its vast energy sector, is one of the issues on the agenda.
EIA: Jet fuel made up a record share of U.S. refinery output in 2024
U.S. refineries produced a record-high share of jet fuel in 2024, reflecting increased demand relative to other transportation fuels.
Indian refiners cut spot tenders as Russian oil shipments rebound
Indian refiners will issue fewer tenders for crude oil purchases on the spot market in the coming months, as Russian supplies bounce back from sanctions-related disruptions.
China's Sinopec to prioritize risk control in Russian oil purchases
Top Chinese refining major Sinopec Corp. will prioritize "risk control" in purchasing Russian oil, which has similar quality for its value versus competing global supplies.
Planned turnaround ongoing at Phillips 66's Wood River refinery
Phillips 66's 356,500-bpd Wood River refinery is undergoing a turnaround, research company IIR Energy said.
HIMA’s Smart Safety Test supports BASF new Verbund Site in Zhanjiang
BASF’s largest new construction project in China, the Zhanjiang Verbund Site Project (ZVSP), requires high personnel and time expenditures for tests, especially factory acceptance tests (FATs), integration factory acceptance test (IFATs) and loop tests. To reduce these efforts, BASF has opted for the HIMA Smart Safety Test, an integral part of SILworX®, HIMA’s engineering, diagnostics and test tool that enables a flexible, automated test concept over the entire lifecycle of a safety system.
JFE Steel, Mitsubishi Gas Chemical, Mitsubishi Chemical to develop a carbon recycling supply chain at Mizushima Complex
JFE Steel Corp., Mitsubishi Gas Chemical Co. Inc. and Mitsubishi Chemical Corp. have signed a memorandum of understanding (MoU) concerning a demonstration project at the Mizushima Complex (Kurashiki City, Okayama Prefecture).
U.S. slaps Iran-related sanctions on oil tankers, China 'teapot' refinery
The U.S. on Thursday issued new sanctions intended to hit Iran's oil exports, including what the State Department said were the first U.S. measures targeting a Chinese "teapot refinery" processing the crude.
Regulations needed to spur airlines to use SAF, Japan oil refiners group head says
Japanese oil refiners believe concrete regulations and frameworks are needed to encourage airlines to use sustainable aviation fuel (SAF) and develop supply chains to support decarbonization efforts, the head of the industry lobby group said on Friday.
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