Oil refinery news

Honeywell has announced that its cloud-based Honeywell Enraf Inventory Calculation Module (HEICM) has been integrated into Royal Vopak’s MyService Terminal Management System (TMS).

Trinidad Petroleum Holdings Ltd (TPHL) has commenced a broad-based process for a transaction involving the Guaracara Refining Co. Ltd's refining assets, and the restart of the refinery.

McKinsey & Co. predicts that demand for light product, which largely drives refining utilisation, will plateau by the mid-2020s – even in the case of a delayed energy transition.

ProSep has secured two multi-million-dollar contracts that will lower the use of harmful chemicals in gas oil separation plants in the middle east.

JANAF Plc. has concluded contracts for transport of crude oil and storage of petroleum products with INA d.d.

McDermott has been selected by LACC to provide engineering, procurement and construction for a seventh heater addition to its LACC ethane cracker facility in Westlake, Los Angeles, US.

The Federal Government of Australia has announced a AU$260 million investment to expand the company’s diesel storage capacity.

According to GlobalData, Asia is expected to lead the global polypropylene capacity additions with a capacity of 40.32 million tpy by 2025.

Shell has announced a proposal to build a large-scale carbon capture and storage (CCS) project at its Scotford complex near Edmonton, Canada.

Brooge Petroleum and Gas Investment Co. FZE (BPGIC) has signed a refinery agreement with an oil trading company for a 25 000 bpd modular refinery.