Oil refinery news

The EU Innovation Fund will grant €88 million to fund Neste’s project, which aims to reduce greenhouse gas emissions at the Porvoo refinery in Finland.

WEG has been awarded a contract to deliver a combined solution to the Ras Markaz Crude Oil Park project in Oman.

Phillips 66 and Phillips 66 Partners have entered into a definitive agreement for Phillips 66 to acquire all of the publicly held common units representing limited partner interests in the partnership not already owned by Phillips 66 and its affiliates.

India is likely to start the operations of 85 crude oil refinery projects accounting for about 52% of the upcoming crude oil refinery projects in Asia between 2021 to 2025, according to GlobalData.

Worley has been awarded a services contract for a residue upgrade project at Saudi Aramco’s Ras Tanura refinery.

Mammoet has completed the first lift using its innovative FOCUS30 crane; helping to reduce disruption during scheduled turnaround activity at a refinery in the UK.

bp has announced plans for a US$269 million investment in three projects at its Cherry Point Refinery in Washington state, US.

Maire Tecnimont S.p.A. has announced that its subsidiary KT – Kinetics Technology S.p.A. has been awarded an EPC lump sum-turn key contract by LOTOS Oil, concerning the expansion of the Gdansk Refinery.

According to GlobalData, India is expected to contribute about 30% of the total refinery hydrotreater capacity additions in Asia between 2021 to 2025, the second highest in the region after China.

Rain Carbon Inc. has resumed calcined petroleum coke production at three of its US facilities, and the restart process has begun at a fourth plant impacted by Hurricane Ida, which hit the Gulf Coast on August 29.