Oil refinery news

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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.

Oiltanking North America LLC (Oiltanking) has entered into a non-binding Letter of Intent (LOI) with ReGen III Corp. (ReGen III) to develop and operate logistics for ReGen’s used motor oil re-refinery production facility (the ‘re-refinery’) in Texas, US.

According to GlobalData, Africa is expected to register the highest refinery vacuum distillation units (VDU) capacity additions globally during 2021 to 2025, contributing around 33% of the total capacity additions by 2025.

hte – the high throughput experimentation company – has been selected by Zeopore Technologies for testing different mesoporised zeolite catalysts under various process conditions.

According to EIA, two petroleum liquids pipeline projects have been completed so far in 2021, and 17 more projects have been announced or are currently under construction.

According to Rystad Energy, supplying Asia with LNG became much costlier for the US, but strong demand is bringing export records.

PBF Chalmette Refinery has announced that it is studying the possible conversion of an idled refinery unit into a renewable diesel production complex.

A major turnaround at Neste’s Porvoo refinery in Finland is now successfully completed and production has started at the refinery.

Magellan and Enterprise have teamed up with Intercontinental Exchange for a new Houston crude oil futures contract.