Refining, Petrochemicals, Gas Processing, Biofuels
Fluor Awarded Contract for Imperial Renewable Diesel Project in Canada
Fluor Corporation (NYSE: FLR) was awarded a reimbursable front-end engineering and detailed design, engineering and procurement services contract for Imperial as the company progresses plans to develop a world-class renewable diesel complex at its Strathcona refinery near Edmonton, Alberta, Canada. The new complex is expected to be the largest renewable diesel production facility in Canada and will produce approximately 20,000 barrels of renewable diesel per day from locally sourced feedstocks.
Pertamina and Rosneft Push Forward on $24 Billion Grassroots Refinery
Pertamina of Indonesia is moving forward on a significant grassroots refinery in Indonesia’s East Java Province and will be partnering with Russian state energy company Rosneft, even as geopolitical pressures continue to surround Russia. This progress is likely due to the neutral position that Indonesia has regarding the war in the Ukraine.
Guyana Sets Sight on First Oil Refinery
Guyana has recently called out for proposals to design, finance and construct a grassroots 30,000 barrel per day refinery, which would be the first one in the country’s history. Guyana President Mohamed Irfaan Ali remarked during a public event that “In two months’ time, we will be receiving the submissions from those who are interested in building this”.
OMV Petrom: investment of EUR 130 million at Petrobrazi refinery to build new unit of aromatic products
MV Petrom, the largest integrated energy company in South-Eastern Europe, invests approximately EUR 130 million in the next 3 years to build a new unit of aromatic products at Petrobrazi refinery. The unit will function at modern BAT (Best Available Technology) operating standards with low environmental impact. The processing capacity of the new unit is about 1,500 tons/day of reformed gasoline.
Prairie Energy Partners Ponders Texas or Oklahoma for New Refinery Site
Prairie Energy Partners LLC, a subsidiary of Southern Rock Energy Partners LLC of Texas, has begun the process of site selection for its proposed $5.6 billion refinery complex, which is expected to be a next generation complex with a focus on decarbonization technologies. According to the Texas operator, the sites being considered are in Victoria County, Texas and Lincoln County, Oklahoma.
Fluor Awarded Two Contracts for the BASF Zhanjiang Verbund Site Project in China
Fluor announced that the company was awarded two reimbursable engineering, procurement and construction management contracts by BASF for the ethylene oxide/ethylene glycol and infrastructure, offsites and utilities packages as part of the company’s new Verbund program in Zhanjiang, Guangdong province, China. The contract value to Fluor is more than $2 billion and was booked in the third quarter of 2022.
Technip Energies Announces Award of a Large Contract for FEED, License and Proprietary Equipment Supply for INEOS’ Project One Ethane Cracker
Technip Energies has been awarded a large contract for the proprietary equipment supply for INEOS Olefins Belgium NV’s 1,450,000 tpy ethane cracker in Antwerp, Belgium. This latest award is in line with our early engagement strategy and consolidates the successful completion of the Ethylene License and Extended Front End Engineering and Design (FEED) previously awarded to Technip Energies by INEOS.
W. R. Grace & Co. Welcomes New UNIPOL® Polypropylene Technology Licensee in Egypt
W. R. Grace & Co. (Grace), the leading independent supplier of polyolefin catalyst and polypropylene (PP) technology, has licensed its UNIPOL® PP technology to Red Sea National Petrochemicals Co. (Red Sea Co.). As a leading force driving further development of the petrochemicals industry in Egypt, Red Sea Co. is establishing a state-of-the-art, integrated refinery and petrochemicals complex to produce polyolefins, as well as PET polyester.
W.R. Grace & Co. to provide new UNIPOL® Polypropylene Technology to Indonesia's TPPI Project
W. R. Grace & Co. (Grace) the leading independent supplier of polyolefin catalyst technology and polypropylene (PP) technology, has received a commitment from PT Kilang Pertamina International (PT KPI) to use Grace’s UNIPOL® PP technology, which is part of its larger initiative, the Trans-Pacific Petrochemical Indotama (TPPI) Olefin Complex Development Project in Indonesia. This project will empower PT KPI to increase refinery and polyolefin capacity by addressing the gap between strong demand growth of petrochemicals and the shortage in domestic production capacity.
Neste launches a strategic study on transitioning its Porvoo refinery to a renewable and circular site and ending crude oil refining in the mid-2030s
Building on its capability of proactive transformation, Neste launches a strategic study on transitioning its refinery in Porvoo, Finland to non-crude oil refining and into a globally leading renewable and circular solutions site.
Louisiana Judge Cancels Air Permits for $9.4 Billion Dollar Plastics Plant
Louisiana District Judge Trudy White canceled state air permits this week belonging to a proposed $9.4 billion dollar plastics complex in St. James Parish, headed by Formosa Plastics. This announcement pushes this project further back from any new progress, as it has faced local and environmental opposition for nearly three years now.
Reliance Industries Announces Five Year Plan for its Oil to Chemicals Business
Reliance Industries Limited (RIL) Chairman Mukesh Ambani spoke at the company’s 45th Annual General Meeting this week, and he outlined some goals for the next five years of RIL’s petrochemical development. Mr. Ambani stated that “We are committed to maximize oil to chemicals integration and convert our advantageous feedstock streams to high-value chemicals and green materials."
L&T Wins (Large*) Contract from Indian Oil Corporation
IOCL is implementing the Panipat Refinery Expansion (P-25) Project to enhance refining capacity from 15 MMTPA to 25 MMTPA to meet the growth in demand of petroleum products and to increase their profitability and competitiveness in the long run. The engineering, procurement, construction, and commissioning (EPCC) contract is for setting up a Residue Hydrocracker Unit (RHCU) for this P-25 Project. The RHCU is licensed by Axens (France) with a capacity of 2.5 MMTPA and will upgrade the Vacuum Residue (VR) to high-value commercial products (mainly diesel). The contract is awarded through international competitive bidding on a Lump Sum Turnkey (LSTK) basis.
BPCL Looks to Increase its Petrochemical Portfolio
Bharat Petroleum Corporation Ltd (BPCL) recently announced new strategies around its current businesses in its latest Annual Report, including new unit planning around its currently operating refineries.
Wood to Engineer Europe’s Most innovative Olefin Complex
Wood has secured a new contract with INEOS in excess of $100 million to deliver engineering, procurement, and construction management (EPCm) services for Project One, a new state-of-the-art petrochemicals complex in Antwerp, Belgium, which will deliver an ethane cracker with the lowest carbon footprint in Europe.
Southern Rock Energy Partners Proposes $5.6 Billion Dollar Refinery in Texas
Prairie Energy Partners, a subsidiary of Southern Rock Energy Partners LLC of Texas, has proposed a $5.6 billion-dollar new build refinery to be placed near Victoria, Texas. This site would have an eventual capacity of 250,000 barrels per day.
BP to Sell Interest in BP-Husky Toledo Refinery to Cenovus
BP has reached an agreement to sell its 50% interest in the bp-Husky Toledo Refinery in Ohio to Calgary-based Cenovus, its joint venture partner in the facility.
Aramco and Sinopec sign MoU to collaborate on projects in Saudi Arabia
audi Arabian Oil Company (“Aramco”) today signed a Memorandum of Understanding (MoU) with China Petroleum & Chemical Corporation (Sinopec) covering multiple areas of potential collaboration between the parties in Saudi Arabia.
Petrochina Launches $4.52 Billion Complex Expansion
According to Chinese state media, PetroChina has begun a program to expand an existing refinery in south China into an integrated petrochemicals complex. The costs for this expansion was reported to be $44.52 billion USD.
INEOS and SINOPEC Sign Three Significant Petrochemical Deals with an Aggregate Value of $7 Billion
INEOS and SINOPEC have today signed three back-to-back deals worth a combined value of $7bn. These landmark agreements are expected to generate a combined turnover of around $10bn from 7 million tonnes of capacity. The three agreements will significantly reshape INEOS’ petrochemicals production and technology in China.
Borealis announces the start-up of New Ethane Cracker at its Joint Venture Baystar in Port Arthur, Texas
Bayport Polymers LLC (“Baystar”), a 50/50 joint venture (JV) between Borealis and TotalEnergies, today announces the start-up of commercial operations of a new ethane cracker with an annual production capacity of one million tons of ethylene.
Technip Energies Awarded a Significant Contract by Neste for Renewable Products Refinery Expansion in Rotterdam
Technip Energies (PARIS:TE) has been awarded a significant(1) contract by Neste for the expansion of their renewable products production capacity in Rotterdam, the Netherlands, as part of the existing Partnership Agreement between Technip Energies and Neste.
BASF confirms final phase of MDI expansion at Geismar Verbund site
BASF is moving forward with the final phase of the expansion project for the methylene diphenyl diisocyanate (MDI) plant at its Verbund site in Geismar, Louisiana. With this third step of its multiphase capacity expansion, BASF will increase production capacity to 600,000 metric tons per year by the middle of the decade and support the ongoing growth of its North American MDI customers. The company kicked off the expansion project in 2018 with a staggered approach consisting of three investment phases. The investment in the final expansion phase from 2022 to 2025 amounts to $780 million.
BASF Gives Final Approval for the Construction of the Zhanjiang Verbund Site
BASF SE today gave final approval for the construction of the planned Verbund site in Zhanjiang in the southern Chinese province of Guangdong. The project is on schedule. The focus will now be on building the core of the Verbund, which includes a steam cracker and several downstream plants for the production of petrochemicals and intermediates, among others. BASF will invest up to €10 billion by 2030 to build the new Verbund site.
Samsung Engineering wins USD 680 mil EPCC contract from Shell for a gas plant in Malaysia
Samsung Engineering, one of the world’s leading Engineering, Procurement, Construction and Project Management (EPC&PM) companies announced today, that it has received yesterday an Engineering, Procurement, Construction and Commissioning (EPCC) USD 680 mil contract from Sarawak Shell Berhad (SSB), for its OGP (Onshore Gas Plant for Rosmari Marjoram) project in Bintulu, Sarawak, Malaysia. The project will be executed in two phases; a limited scope prior to SSB obtaining its FID for the Rosmari Marjoram project; with all of the remaining scope to be executed after SSB obtains FID.
NTPC REL and GACL to collaborate in Renewable Energy and synthesizing Green Chemicals
n order to realize green energy and green hydrogen objectives and the GOI’s efforts towards carbon-neutrality economy, a Memorandum of Understanding (MoU) signed between NTPC RE Limited (NTPC REL) and Gujarat Alkalies and Chemicals Limited (GACL) on 6th July’2022 at New Delhi. The MoU was signed by Shri Harshad R Patel, IAS, Managing Director, GACL and Shri Mohit Bhargava, Chief Executive Officer, NTPC REL.
New Multi-miilion pound hydrogen-powered furnace arrives in Liverpool
A brand-new furnace capable of running on hydrogen has arrived at Liverpool Port. The furnace, which is part of a multimillion-pound investment by Essar Oil UK (EOUK), is heading for Stanlow in Ellesmere Port and will become the first hydrogen-powered furnace of its kind in the UK. It is a vital piece of kit to support the decarbonisation of Essar Stanlow’s operations.
Mexico President States that New Pemex Refinery Will Hit Full Capacity in 2023
Mexican President Andres Manuel Lopez Obrador recently stated that a new refinery owned by Pemex will indeed be operating at full capacity by 2023, though many in the downstream industry see 2024 as a more likely scenario.
Air Products Awarded Long-Term Hydrogen and Nitrogen Supply Agreement for Indian Oil Corporation
Air Products, a world leader in industrial gases and large-scale project development, execution and operation, today announced the signing of a long-term supply agreement with Indian Oil Corporation Limited (IOCL), India’s flagship national oil company. Air Products will build, own and operate (BOO) a new industrial gases complex supplying hydrogen, nitrogen and steam to IOCL’s Barauni Refinery in Bihar, India.
Ras Laffan Petrochemical Project Readies for Early Site Works
QatarEnergy and Chevron Phillips Chemical’s joint venture Ras Laffan Petrochemical Project, also known as RLPP, took a new step closer to development this week with a contract in place for early site works with Consolidated Contractors Company (CCC).
