Oil refinery news
ETC calls for a rapid phase-down of fossil fuel demand and supply
A new report by the Energy Transitions Commission (ETC) says that use of coal, oil and gas must be reduced dramatically by 2050, with reductions starting now.
A world of opportunities
Gabriel Buffin, Bijay Barik and Laurent Watripont, Axens, discuss how isomerisation can open up a world of opportunities for a more sustainable refining industry.
EIA forecasts global oil supply to increase in 2024
The US Energy Information Administration (EIA) expects global liquid fuels production to increase by 1 million bpd in 2024.
Petrobras technology enables refinery to process 100% renewable feedstocks
The Riograndense Petroleum Refinery (RPR) has accomplished a historic achievement by successfully processing 100% soybean oil in a fluid catalytic cracking (FCC) unit.
Europe: scrambling to adapt
Gordon Cope, Contributing Editor, sheds light on the urgent need for European energy and petrochemical suppliers to adapt in the face of market upheaval.
Eni and Saipem to develop new biorefineries
Eni and Saipem have signed an agreement for the development of biorefining.
EIA: Citgo auction process begins
On 23 October 2023, the US District Court of Delaware initiated a process that will see the sale of three refineries owned by Citgo parent company, PDV Holdings, the US subsidiary of Venezuelan state-owned oil company, Petróleos de Venezuela SA (PdVSA).
TOYO and Cosmo Energy initiate joint study
TOYO Engineering and Cosmo Energy have reached an agreement to initiate a joint study on the direct synthesis of carbon dioxide emitted from refineries and other facilities, into methanol.
KBC launches Acuity Industrial Cloud Suite for digital transformation
KBC (A Yokogawa Company) has announced the launch of KBC Acuity™ Industrial Cloud Suite, which will serve as the new umbrella for cloud delivery of KBC’s software and solutions.
EIA: associated natural gas production increased 9% in 2022
The US Energy Information Administration (EIA) reports that associated natural gas production increased 9% in 2022 due to higher crude oil production.