Refining
Algeria launches $7-B investment plan to expand hydrocarbon processing
Algeria has allocated a $7-B investment portfolio for major industrial projects aimed at increasing the conversion rate of hydrocarbons into higher value-added products from 32% to 50% in the next 5 yr.
Decision on oil refiner Italiana Petroli's sale expected around end-June
Italiana Petroli, which is currently in talks with three suitors interested in buying the oil refiner, is expected to take a decision on the potential €3-B ($3.5 B) deal around the end of this month.
EIA: U.S. crude stocks fall, gasoline and distillate inventories rise as refining activity increases
U.S. crude stocks fell last week as refining activity picked up, driving gasoline and distillate inventories higher.
AB Foods holds off bioethanol plant closure decision until June 25
Associated British Foods will hold off deciding the fate of its under threat Vivergo bioethanol plant in Hull, northern England, until June 25, hoping the government will step in with a support package.
EU to subsidize high volume of greener aviation fuel to boost airline demand
The European Union has offered to subsidize airline purchases of more than 200 MM liters (l) of sustainable aviation fuels (SAF) to encourage carriers to swap kerosene for cleaner alternatives.
USA BioEnergy secures long-term feedstock supply for $2.8-B SAF refinery in Texas (U.S.)
USA BioEnergy (USABE) has signed a letter of intent with LP Building Solutions (LP) outlining the parties’ plans to enter a long-term supply agreement for sustainably sourced wood fiber to support operations at USAB’s planned Texas Renewable Fuels (TRF) biorefinery in Bon Wier, Texas. The advanced biorefinery will require raw wood feedstocks for the production of renewable fuel. Once finalized, the agreement would provide for up to 2.2 MMtpy of woody biomass for an initial term of 20 yr.
Russia's offline primary oil refining capacity revised up 21% in July
Russia's offline primary oil refining capacity expected in July has been revised up by 21% from the previous plan to 3.2 MM tonnes (t) due to adjustments to maintenance plans.
Borouge awards ADNOC L&S 15-year contract to accelerate growth of UAE petrochemical exports
Borouge Plc and ADNOC Logistics & Services Plc (ADNOC L&S) have entered a 15-yr strategic partnership that will support a significant increase in the production and export of petrochemicals from the UAE.
Honeywell, Johnson Matthey, Gidara Energy and Samsung E&A form SAF technology alliance
Honeywell, Johnson Matthey, GIDARA Energy and SAMSUNG E&A announced the formation of a strategic technology alliance to bring a groundbreaking end-to-end global solution to market for producing sustainable aviation fuel (SAF) from biomass and municipal solid waste.
Honeywell completes acquisition of Sundyne to expand process industry capabilities
Honeywell announced the completion of its acquisition of Sundyne from private equity firm Warburg Pincus for $2.16 billion in an all-cash transaction.
- Petrobras delivers LPG sold at steep premiums despite Lula move to annul auction 4/3
- Plug Power to supply 275-MW GenEco electrolyzer system for Hy2gen’s Courant decarbonized ammonium nitrate project 4/3
- Vietnam refinery boosting jet fuel production 4/3
- China plans to upgrade some petrochemical plants, phase out others by 2029 4/3
- Morocco has diesel stocks for 51 days, energy ministry says 4/3
- Nigeria's Seplat Energy hit by strike amid push for higher output 4/3
