Refining

Reuters reports that the Malaysian state energy firm is seeking acquisitions in a bid to expand its specialty chemical business.

LyondellBasell has formed a new Advanced Polymer Solutions business segment.

KBC and OLI Systems will integrate their thermodynamics and physical properties software within the Petro-SIM platform.

A wave of private investment in new integrated plants is set to reduce China's reliance on regional paraxylene imports.

Figures released by the US Energy Information Administration show that in April 2018 crude oil exports from Houston-Galveston, Texas, US, exceeded imports by 15 000 bpd.

The three companies will work together to study the feasibility and sustainability of transforming liquefied waste plastic into refinery raw material.

The transaction adds to Topsoe’s portfolio of catalyst and proprietary technologies for the chemical and refining industries.

A report from ESAI Energy suggests that Russia’s oil tax reform will cause an adjustment in investment plans for refineries.

Vietnam’s Ministry of Industry and Trade released a statement on Monday saying it will respond to a request from the Nghi Son oil refinery to export fuels such as gasoline and diesel “soon”.

The company will be responsible for expanding Basra Oil’s central processing facility in the Majnoon field in southern Iraq.

For the week ending July 6 2018, the four-week average of US gross refinery inputs surpassed 18 million bpd for the first time on record, according to figures from the US Energy Information Administration.

The joint venture will purchase gasification assets, power block and associated utilities in Jazan Economic City from Saudi Aramco for over US$8 billion.

Sources who have visited the construction site of the Dangote oil refinery near Lagos, Nigeria, have told Reuters that it is unlikely to begin production until 2022, two years later than the target date.

Toyo Engineering Corp. has secured a contract to add two naphtha cracking furnaces to increase ethylene production at Maruzen Petrochemical Co’s Chiba plant in Japan.

A report from ESAI Energy is warning that an excess of global refining capacity is likely to trigger a series of refinery closures after 2021.