Jet keeps driving European distillate demand growth in 2019
According to ESAI Energy’s recently released Europe Watch Products, European jet fuel demand will rise by just 30 000 bpd this year.
The latest downstream news
Axens’ technology selected by Marathon Petroleum Corporation
The tool has been especially useful for network subject matter experts to compare unit performance across their refineries.
India to contribute 15% of Asia’s crude oil refining capacity in 2023, says GlobalData
The country’s total refining capacity is set to grow at an AAGR of 5.3% in 2023.
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Sipchem schedules periodic maintenance turnaround for diol plant
The financial impact of the scheduled maintenance will be announced once the activity is completed.
Celanese to acquire synthesis gas production unit from Linde
The unit is located at the Celanese Clear Lake acetyl intermediates manufacturing facility located in Pasadena, Texas.
INEOS announces mega-investment in port of Antwerp
The capital outlay is the largest in the European chemical industry in the past two decades.
EIA: Changes in marine fuel sulfur limits will put temporary upward pressure on diesel margins
EIA’s analysis indicates that the price effects that result from implementing the new IMO standard will be most acute in 2020 and will diminish over time.
ExxonMobil receives silver validation
ExxonMobil’s lubricant operations have received Zero Waste to Landfill silver validation from UL.
Pin Oak acquires land for terminal expansion
The site can accommodate in excess of 10 million bbls of bulk liquids storage, as well as a full unit train solution.
PJSC Nizhnekamskneftekhim and Haldor Topsoe sign methanol unit contract
The new methanol unit is expected to make the isoprene facilities more efficient and reduce production costs.
Oil price volatility driving mergers and acquisitions in recent years, says GlobalData
Falling revenues and rising debts compelled oil and gas companies to realign their strategic objectives and reshape their portfolios, finds the company’s report.
Par Pacific closes acquisition of US Oil & Refining Co.
Par Pacific acquires US Oil & Refining Co. and certain affiliated entities for US$358 million plus working capital.
Kemira forms chemicals JV in South Korea
NewCo will produce dry polyacrylamide and cationic monomer A9 among other chemicals.
ProSep strengthens presence in Middle East
ProSep has appointed a new Regional Sales and Service Manager in the Middle East.
Elliott Group names new CEO
Michael Lordi has been appointed the new CEO of Elliott Group, succeeding Yasuyuki Uruma.
Flotek Industries to sell Florida Chemical to ADM
US$175 million deal accompanies long-term reciprocal supply agreements.
BP to expand petrochemical presence in South Korea
BP and Lotte have agreed a major expansion of production capacity at their JV Lotte BP Chemical Co. Ltd facility in Ulsan, South Korea.
China and US lead global ethylene capacity additions by 2026, says GlobalData
Around 140 planned and announced plants are scheduled to come online during the forecast period.
Ethylene cracker passes performance tests
TechnipFMC has announced that a new world-scale ethylene cracker for the CSPCL Nanhai petrochemical complex has passed performance tests.
Total makes senior appointment
Total appoints Senior Vice President, Investor Relations.
Aemetis India biodiesel plant completes capacity expansion
The expansion enables full production of 50 million gal./yr of biodiesel and bio-oil.
Romania to drive European gas processing industry capacity growth to 2022, says GlobalData
Europe is expected to add two gas processing plants by 2022.
Upcoming hydrocarbon events
Middle East Refining Technology Conference (MERTC)
21 Jan 2019 - 23 Jan 2019
The Ritz-Carlton
Manama,
Bahrain
European Gas Conference
28 Jan 2019 - 30 Jan 2019
Vienna Marriott Hotel
Parkring 12a,
1010 Wien,
Vienna,
Austria
