Oil refinery news

REZEL Catalysts Corp. has been awarded a contract to supply catalysts for a 600 000 t CATOFIN™ PDH unit operated by Lihuayi Weiyuan Chemical Co., Ltd. in China.

Abundia has announced that it has entered a multi-project licensing agreement with Topsoe to deploy its HydroFlex® technology for the upgrading process at Abundia's waste-plastics-to-renewable products recycling facility in Baytown, Texas, US.

Baker Hughes has announced a substantial 60 month service award from Petrobras to support critical turbomachinery equipment for Brazil’s offshore operations as well as a major refinery.

INA has marked the completion of the Rijeka Refinery Upgrade Project which involved an investment of nearly €700 million, representing the largest single investment in INA’s history.

The 32 Member countries of the IEA have agreed to make 400 million bbl of oil from their emergency reserves available to the market to address disruptions in oil markets stemming from the war in the Middle East.

The US Energy Information Administration (EIA) has published its latest Short-Term Energy Outlook (STEO).

America First Refining has announced the construction of the first new oil refinery built in the US in 50 years, to be located at the Port of Brownsville, Texas.

Clariant has announced a strategic collaboration with Vertimass LLC aiming to accelerate the development and commercialisation of advanced zeolite catalysts for the catalytic conversion of biobased alcohols.

ITT Inc. has announced the closing of its acquisition of SPX FLOW, Inc., a provider of highly engineered equipment and process technologies serving industrial and chemical markets.

Neil Crosby, AVP Oil Analytics at Sparta, Michael Ryan, Freight Commodity Owner at Sparta, and Philip Jones-Lux, Senior Analyst for Sparta, comment on freight, refining margins, and Hormuz disruption.