Downstream news

Inter Pipeline Ltd has sold the majority of its European bulk liquid storage business to the CLH Group for a cash consideration of £420 million.

A final investment decision is expected in 2021, which will determine the final cost of the project’s first phase.

Total will use Honeywell UOP Ecofining process technology to produce renewable fuels at its Grandpuits zero-crude platform.

Renewable raw materials are being converted into Swedish Environmental Class 1 diesel at Preem’s refinery in Lysekil.

Peter Kirkegaard has been appointed Chief Human Resources Officer (CHRO) of Haldor Topsoe, effective 1 January 2021.

China’s private refiner Xinhai Group expects to more than double its crude oil refining capacity by the end of 2021.

The South Texas Pipeline System connects growing petrochemical markets in South Texas, Easton’s large salt dome storage position at Markham, Texas, and Easton’s distribution pipelines in the Houston Ship Channel and Mont Belvieu areas.

Permanent refining capacity closures expected for 2020 – 2021 have risen to about 1.7 million bpd, the IEA has said in its monthly report.

The technology makes it possible to accurately model physical and chemical processes at petrochemical facilities.

Shell will halve crude processing capacity and cut jobs at its Pulau Bukom oil refinery in Singapore.