Skip to main content
  1. Home
  2. Gas processing
  3. 09 Jun 14
  4. 9th June: Downstream industry announcements

9th June: Downstream industry announcements

Hydrocarbon Engineering,

CNG

Quantum Fuel Systems Technologies Worldwide, Inc. has announced a new expanded purchase order from Westport for compressed natural gas (CNG) tanks and commitments for deliveries through 2014 based on volume levels achieved during the year.

Quantum’s Q-Lite family of tanks and systems have provided several options for the light duty, medium duty and heavy duty markets. Extended range packaging has been essential for the continued growth of compressed natural gas applications. The Q-Lite cylinders have been designed to maximise the internal volume to store more CNG than any other competitive product in the marketplace.

Ethanol

Edeniq, Inc., has announced the successful performance of its PATHWAYTM Validation facility. Edeniq’s PATHWAY Platform is a proprietary, integrated platform that produces cellulosic ethanol inside existing corn ethanol plants. The pilot facility showcases how Edeniq’s patented technologies, the Cellunator and PATHWAY Platform, convert starch and break down corn kernel fibre, releasing cellulosic sugars into the fermentation process, thereby increasing ethanol yield by 3 = 6%. The pilot facility is located at the company’s headquarters in Visalia, California, USA.

Funded jointly by Flint Hills Resources Renwables, LLC, and Edeniq, the pilot facility showcases the PATHWAY Platform and allows ethanol producers to quantify the impact of PATHWAY on yield enhancement and cellulosic ethanol production at their plants.

Polyethylene joint venture

Sasol Chemicals North America LLC and INEOS Olefins & Polymers USA have reached a final investment decision to form a joint venture to build a high density polyethylene (HDPE) plant in LaPorte, Texas, USA. The 50/50 joint venture will produce 470 kg/y of bimodal HDPE using InnoveneTM S process technology licensed from INEOS Technologies. The ethylene required for the production of the HDPE will be supplied by Sasol and INEOS in proportion to their respective ownership positions.

INEOS will operate the HDPE plant at its Battleground Manufacturing Complex in LaPorte. Plant startup is expected in the 2016 calendar year. The definitive agreements are in the process of being finalised, and all relevant permits have been obtained. Because the plant will be debt financed, the investment decision is conditional on achieving financial close. Sasol and INEOS originally announced their intention to form this joint venture in July 2013.

Refinery acquisition

TrailStone, a company backed by Riverstone Holdings LLC, has acquired US Oil and Refining (USOR). The acquisition marks TrailStone’s entry into physical crude oil and refined products markets in North America, and will serve as the cornerstone of the company’s growth strategy in liquids trading. The terms of the transaction have not been disclosed.

USOR is comprised of a 42 000 bpd refinery in Tacoma, Washington, USA and best in class rail, pipe, marine and truck logistics in the Pacific Northwest. In connection with the acquisition, the USOR executive team, including CEO Robert B. Redd, have joined TrailStone to help execute the business plan for growth and profitability in the coming years. Deutsche Bank Securities acted as financial advisor to USOR.


Edited from various sources by Claira Lloyd

Read the article online at: https://www.hydrocarbonengineering.com/gas-processing/09062014/9_june_downstream_industry_announcements/

You might also like

 
 

Embed article link: (copy the HTML code below):