Refining, Petrochemicals, Gas Processing, Biofuels
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).
Topsoe technology to support Cresta’s renewable diesel and sustainable aviation fuel production in Canada
The Braya refinery is strategically located, with world-class logistics assets, to source global feedstocks and to sell the produced renewable fuels into the United States, Canada and Europe. The refinery will be world scale – one of the top 5 largest in the world at startup. The refinery’s hydrocracker and diesel hydrotreater will be revamped to produce renewable diesel and SAF from various renewable feedstocks.
Lummus and Clariant Awarded Contract for One of the World’s Largest PDH Units
Lummus Technology, a global provider of process technologies and value-driven energy solutions, announced it and its catalyst partner Clariant have been awarded a major contract by Fujian Meide to supply CATOFIN technology and catalysts for a new, world-scale propane dehydrogenation (PDH) unit in Fuzhou, China.
REUP Project Adds Wood Group for FEED Duties
Pakistan Refinery Limited (PRL) has signed an agreement with Wood Group UK Limited (Wood) in Dubai on May 19, 2022 appointing them as the Front End Engineering Design (FEED) Contractor for the Refinery Expansion and Upgrade Project (REUP). The Contract was signed by Mr. Zahid Mir, CEO and MD of PRL and Mr. Daniel Jennings, Head of Commercial, UK Projects of Wood. The signing ceremony was attended by Syed M. Taha, MD & CEO of Pakistan State Oil (PSO) and a member of PRL Board of Directors, certain other Board members and the leadership team of PRL, and senior representatives of Wood.
Sempra Infrastructure Signs Participation Agreement with TotalEnergies, Mitsui, Mitsubishi for Carbon Sequestration Project in Louisiana
Sempra Infrastructure, a subsidiary of Sempra, today announced it has signed a participation agreement with TotalEnergies, Mitsui & Co., Ltd. and Mitsubishi Corporation for the development of the proposed Hackberry Carbon Sequestration (HCS) project in Southwest Louisiana.
TA’ZIZ EDC & PVC JV in Ruwais Adds Shaheen of UAE as Partner
TA’ZIZ recently announced that Shaheen Chemical Holdings of the UAE will become a partner in the proposed TZ’ZIZ EDC & PVC project to be placed in Ruwais’ TA’ZIZ Industrial Chemicals Zone. Shaheen will join existing partners Reliance Industries Ltd, ADNOC, and ADQ in the Abu Dhabi Chemical Derivatives Company RSC Ltd joint venture.
Parkland announces plans to expand co-processing activities and build British Columbia’s largest renewable diesel complex
Parkland Corporation announced plans to increase renewable fuel production at its Burnaby Refinery in British Columbia.
BP and Clean Planet Energy Reach Agreement to Help Advance the Circular Plastics Economy
bp has signed a ten-year offtake agreement with Clean Planet Energy, a UK-based company that is developing facilities to convert hard-to-recycle waste plastics into circular petrochemical feedstocks and also into ultra-low sulphur diesel (ULSD). Clean Planet Energy designs and builds facilities – which they refer to as ecoPlants – that are expected to process plastics typically rejected by traditional recycling centres and so would otherwise be sent to landfill or incineration.
TA’ZIZ and Reliance Sign Shareholder Agreement for Ruwais Chemicals Project
Abu Dhabi Chemicals Derivatives Company RSC Ltd (TA’ZIZ) and Reliance Industries Limited (RIL), have signed the formal Shareholder Agreement for the TA’ZIZ EDC & PVC project. Reliance is India’s largest diversified conglomerate and a strategic partner with Abu Dhabi National Oil Company (ADNOC) and ADQ, an Abu Dhabi-based investment and holding company, in TA’ZIZ EDC & PVC, a world-scale chemicals development at the TA’ZIZ Industrial Chemicals Zone in Ruwais. The TA’ZIZ EDC & PVC joint venture will construct and operate a Chlor-Alkali, Ethylene Dichloride (EDC) and Polyvinyl Chloride (PVC) production facility, with a total investment of over $2 billion (AED 7.34 billion).
LyondellBasell Announces Plans to Exit Refining Business
LyondellBasell has announced its decision to cease operation of its Houston Refinery no later than December 31, 2023. In the interim, the Company will continue serving the fuels market, which is expected to remain strong in the near-term, and consider potential transactions and alternatives for the site.
Massive Nigerian Refinery Due Online by the end of 2022
The privately owned Dangote refinery currently under construction in Nigeria is expected online by the end of the year, according to recent comments from Dangote Group Executive Devakumar Edwin. This complex will have a total capacity for 650,000 barrels per day upon completion.
Cespa will invest over 7 billion euros in its transformation this decade to lead the energy transition on the Iberia Peninsula
Cepsa today presented its new 2030 Strategy, 'Positive Motion', to become a leader in sustainable mobility and energy in Spain and Portugal, and a benchmark in energy transition. With this strategy, the company will focus on the needs of its customers, who face their own challenges in decarbonizing their activities.
ExxonMobil LAO production unit progresses toward commercial startup in mid-2023
– ExxonMobil announced that construction of the new linear alpha olefins (LAO) manufacturing unit at its Baytown, Texas, integrated petrochemical complex is progressing and targeting commercial start up in mid-2023. When fully operational, the new facility will have the capacity to produce approximately 350,000 metric tons of LAO annually.
Aramco JV to Develop Major Refinery and Petrochemical Complex in China
Aramco has taken the final investment decision to participate in the development of a major integrated refinery and petrochemical complex in Northeast China. Huajin Aramco Petrochemical Company (HAPCO), a joint venture between Aramco, North Huajin Chemical Industries Group Corporation and Panjin Xincheng Industrial Group, will develop the liquids-to-chemicals complex.
Online Exclusive (Opinion): Security for U.S. and Europe begins with new energy policy
It is high time that the U.S. forges a new energy policy based on facts and common sense. Before Tuesday’s decision to halt the import of Russian oil and gas, the Biden Administration had put more sanctions on U.S. oil and gas than on Russian oil and gas. Public lands have been made off-limits for drilling. The cancellation of the Keystone XL pipeline, and restrictions on other pipelines, have blocked the efficient U.S. distribution and export of energy. FERC approvals and EPA requirements have hampered the development of several gas export projects. Only the Russian assault on Ukraine has stopped Nord Stream 2, and that from Germany—not the U.S.
