Oil refinery news

The companies have signed an MoU aimed at strengthening cooperation across crude oil sourcing and the marketing of refining and petrochemical products and LNG in Thailand.

The EIA forecasts that US refinery utilisation will reach as high as 95% on a monthly average basis this summer in response to high product prices and crack spreads for gasoline, distillate fuel oil, and jet fuel.

Phillips 66 has made a Final Investment Decision (FID) to move forward with Rodeo Renewed, the project to convert its San Francisco refinery in Rodeo, California, US, into one of the world’s largest renewable fuels facilities.

AspenTech, a leader in asset optimisation software, has expanded its 12-year partnership with St1 Refinery AB in Gothenburg, Sweden – part of St1 Nordic Oy Group.

Around 110 000 tpy of fossil-based ingredients will be substituted with renewable carbon sources using BASF’s certified biomass balance approach. The measure will ramp up quickly and avoid around 200 000 t of CO2 emissions in total.

Petroperú, a hydrocarbon producer, refiner and distributor in Peru, has implemented Honeywell Forge Workforce Competency solutions to train its industrial workforce for safer and more efficient operations.

The agreement, which was signed in October 2021, has now been approved by regulatory authorities.

MCO-I has secured a contract to deliver compressor train equipment for Chevron Phillips Chemicals' new propylene unit in Texas.

ClearSign Technologies has received an initial engineering order from a large independent national refiner as the first phase of a project to retrofit two process heaters in one of the company's Californian refineries.

SPEC Energy DMCC will use a range of Honeywell UOP process technologies at its refinery to convert low-value vacuum gas oil and vacuum residue into high-value products such as gasoline and alkylate.