Oil refinery news

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.

Shell Deutschland (Shell) has reached an agreement with Alcmene GmbH (part of the Liwathon Group) for the sale of its non-operated 37.5% shareholding in the Germany PCK Schwedt refinery.

According to EIA, as a result of several US refinery closures in 2020, US operable atmospheric crude oil distillation capacity dropped 4.5% to a total of 18.1 million bpd at the start of 2021.

The complex for processing ethane-containing gas (CPECG), under construction in the Leningrad Region, will drive an increase in Russia's share in the world oil and gas chemicals market from 2.5% to 6 – 7%.

The Ecoslops petroleum residues recycling (P2R) unit has started-up at the TotalEnergies La Mède platform in Bouches-du-Rhône, France.

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China Petroleum & Chemical Corp. (Sinopec) has initiated China's first megaton carbon capture, utilisation and storage (CCUS) project, the Sinopec Qilu-Shengli oilfield CCUS.