Date: August 30, 2010
Volume: 14
Issue: 34
- Regulation & Legislation
- ATA Appealing Court Ruling Forcing Teamsters Unionization ‘Clean Port’ Scheme
- Cops Bust Indian Railways Diesel-Kero Scammers
- CARB Seeking ‘Low Carbon Fuel Standard’ Advisors
- Technology
- Foss Debuting World’s-1st Retrofit Diesel-Electric Tugboat: Interview
- Mitsubishi Unveils Marine-Diesel Generator-Integrated Hybrid Turbo
- ARC Nabs ‘Alt Fuel’ Designation; Opens Door to ‘GDiesel’ Fleet Sales
- U.S. DOE Funding Coal/Biomass Gasification Research Projects
- Distillate Markets
- PetroChina 1H 2010 Profit Up 29%; Diesel Sales Up 26.6%
- Sinopec Shanghai 1H 2010 Profits up 51%; Diesel Output up 21%
- Preem 2Q 2010 Earnings Dive; Diesel Rebounds
- Sinopec 1H 2010 Net Income Improves; Diesel Output Jumps 13%
- Caltex 1H 2010 Profit Dips; Distillates Improve
- Saudi Price Controls Incentivize Smuggling
- Market Report: Late-Week Rally Lifts ULSD Futures, Spots
- Distillate Watch
Regulation & Legislation
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ATA Appealing Court Ruling Forcing Teamsters Unionization ‘Clean Port’ Scheme
American Trucking Associations (ATA) officials announced August 27 that they’ll appeal a U.S. District Court ruling that effectively allows Port of Los Angeles to force Teamsters unionization of Port trucks supposedly as a necessary part of a “clean truck” program. -
Cops Bust Indian Railways Diesel-Kero Scammers
Unlike diesel fuel, kerosene is heavily subsidized in the Indian market. That provides a huge incentive for criminal fuel adulteration and diversion to any market that can use either diesel or kerosene. -
CARB Seeking ‘Low Carbon Fuel Standard’ Advisors
Trend-setting California Air Resources Board (CARB) officials August 25 announced that they’re seeking expert advisory panel members “to help guide and comment on the review of the Low Carbon Fuel Standard (LCFS) regulation.”
Technology
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Foss Debuting World’s-1st Retrofit Diesel-Electric Tugboat: Interview
Shortly after building what’s described as the first custom-built diesel-electric hybrid tugboat, now Seattle-based Foss Maritime is embarking upon the world’s first retrofit of an existing diesel tug to a hybrid-electric configuration. -
Mitsubishi Unveils Marine-Diesel Generator-Integrated Hybrid Turbo
Mitsubishi Heavy Industries (MHI) officials August 26 unveiled a “world’s-first” marine-diesel generator-integrated hybrid turbocharger that taps diesel engine exhaust energy not only to drive the turbo but also to generate electricity. -
ARC Nabs ‘Alt Fuel’ Designation; Opens Door to ‘GDiesel’ Fleet Sales
Reno-based Advanced Refining Concepts (ARC) officials announced August 24 that they’ve won “alternative fuel” status for their “GDiesel” fuel under Nevada's “Alternative Fueled Vehicles in Fleets” program. -
U.S. DOE Funding Coal/Biomass Gasification Research Projects
U.S. Department of Energy (DOE) officials announced August 18 that they’ve selected eight projects focusing upon gasification of coal/biomass mixtures aiming for lower-carbon syngas production.
Feature
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Low-Sulfur Marine Bunker Fuel Programs Expanding
Years ahead of the International Maritime Organization (IMO) “Marpol Annex-6” 2015 deadline for diesel-powered ships in certain “emission control areas” (ECAs) to switch to low-sulfur gasoil/diesel bunker fuel, some U.S. port authorities are expanding incentive programs for early switches in order to cut air pollution.
Transport News
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EU Dieselization Prompts Corning DPF Capacity Expansion
Corning officials announced August 26 that they’ve approved a US$44 million investment in expansion of light-duty vehicle diesel particulate filter (DPF) capacity in Kaiserslautern, Germany. -
Cummins Plans Big Expansion in India
Cummins India reportedly is planning to invest up to Rs 7.5 billion (US$160 million) over the next two years to expand capacity at a site in Maharashtra. -
Peugeot Touts ‘World’s First Full Diesel Hybrid’ Car; 2011 Debut
PSA Peugeot officials this month touted their upcoming “Peugeot 3008 Hybrid4 Crossover” as the “first diesel full-hybrid production car in the world.” -
Cummins Sells 26,000 U.S. EPA 2010-Compliant Diesel Engines
Cummins officials announced August 23 that through end-August 2010, they will have produced 26,000 diesel engines employing urea-selective catalytic reduction (SCR) to meet U.S. Environmental Protection Agency (EPA) ultra-clean 2010 tailpipe emissions standards.
Distillate Markets
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PetroChina 1H 2010 Profit Up 29%; Diesel Sales Up 26.6%
PetroChina officials announced August 26 that first-half 2010 corporate-wide profit rose 29.6%, to RMB 65.2 billion (US$9.6 billion), compared to RMB 50.3 billion (US$7.4 billion) in 1H 2009. -
Sinopec Shanghai 1H 2010 Profits up 51%; Diesel Output up 21%
Sinopec Shanghai Petrochemical officials announced August 27 that first-half 2010 equity shareholder profit jumped 51%, to RMB 1.51 billion (US$222 million), thanks mostly to expansion of crude oil processing and ethylene volume. -
Preem 2Q 2010 Earnings Dive; Diesel Rebounds
Corral Petroleum’s Preem subsidiary netted SEK 157 million (US$21 million) in second-quarter 2010, compared to SEK 1.6 billion (US$214 million) in 2Q 2009, mostly because of the impact of inventory-cost effects. -
Sinopec 1H 2010 Net Income Improves; Diesel Output Jumps 13%
Sinopec officials announced August 22 that first-half 2010 net profit rose to RMB 35.4 billion (US$5.2 billion), up 6.7% over 1H 2010 net profit. -
Caltex 1H 2010 Profit Dips; Distillates Improve
Caltex Australia officials announced August 23 that first-half 2010 after-tax profit fell to A$163 million (US$146 million) on a replacement cost of sales operating profit (RCOP) basis, down from A$298 million (US$267 million) for 1H 2009. -
Saudi Price Controls Incentivize Smuggling
Smugglers are taking advantage of ultra-cheap Saudi diesel fuel by shipping to nearby countries, according to a report from Emirates 24/7 news service. -
Market Report: Late-Week Rally Lifts ULSD Futures, Spots
Ultra low sulfur diesel (ULSD) prices in major world spot and futures markets late last week rallied on indications of a reversal in stock-building and promises of U.S. Fed action to head-off a double-dip recession, which boosted stock markets. -
Distillate Watch
Distillate prices rebounded despite slugging economic indicators.
