US refinery news
EIA: Refinery closures decreased US refinery capacity during 2020
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.
Oiltanking signs LOI with ReGen III for re-refinery facility in Texas, US
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.
EIA: US distillate demand returned to 2019 levels earlier than gasoline and jet fuel demand
According to EIA, although demand has increased for distillate, gasoline and jet fuel from their 2020 lows, the extent of the demand growth has differed by product.
EIA’s liquids pipeline database shows 19 projects moving toward completion in 2021
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.
Rystad Energy: Supplying Asia with LNG got much costlier for the US, but strong demand brings export records
According to Rystad Energy, supplying Asia with LNG became much costlier for the US, but strong demand is bringing export records.
Chalmette Refining announce potential US$550 million renewable diesel project
PBF Chalmette Refinery has announced that it is studying the possible conversion of an idled refinery unit into a renewable diesel production complex.
Magellan, Enterprise and Intercontinental Exchange team up
Magellan and Enterprise have teamed up with Intercontinental Exchange for a new Houston crude oil futures contract.
Chevron Phillips Chemical breaks ground on world-scale 1-hexane unit
Chevron Phillips Chemical has broken ground on a new world-scale unit for on-purpose 1-hexene in Old Ocean, Texas, US, near its Sweeny facility.
Venture Global launches carbon capture and sequestration project
Venture Global LNG has announced plans to capture and sequester carbon at its Calcasieu Pass and Plaquemines LNG facilities.
Shell sells Alabama refinery to Vertex Energy
Shell has sold its Mobile Chemical refinery and associated co-located logistics infrastructure, including product racks, an associated dock, and the Blakeley Island terminal, to Vertex Energy.