Downstream news

A new report suggests that the glycol dehydration unit market in Africa will witness maximum growth through 2028.

ESAI Energy expects OPEC+ countries to extend their production restraint another six months, due to weak demand and soft crude oil prices.

The nomination deadline for the Inaugural Downstream Industry Awards, taking place in Houston, Texas, US, on 19 November 2019, has been extended.

The US EIA reports that there was an increase in petroleum and natural gas consumption in 2018, although coal consumption fell 4.3%.

ESAI Energy expects LPG markets to remain partitioned until new export capacity enables more North American product to reach other markets.

ValvTechnologies Inc. has met the requirements of API 641 through third party witnessed testing.

Haiwan Chemical has contracted KBR to license its phenol and acetone technology for a new plant in Qingdao City, China.

Nine US Senators have urged the administration to ensure that qualified small refineries continue to have protection from disproportionate economic hardship brought on by the Renewable Fuel Standard.

A new report from IndustryARC suggests that the propylene Glycol market is forecast to reach US$5 billion by 2025 and is estimated to grow at a CAGR of 4%.

The EIA has reported that US refinery capacity reached a record high of 18.8 million b/cd at the start of 2019.