December 16, 2009
Volume: 13
Issue: 24
Top Stories
Neste Oil Hopes to Boost Revenues with Renewable Diesel
Chevron Signs 20-Year Agreement with LNG Buyer
Largest Hydrocracker in China Meets Performance Guarantees During Start Up
Valero Inks US$3.5 Billion Biodiesel Deal with Mission NewEnergy
Diesel Retrofits Seen Unnecessary Before 2014: AGC
Outsourcing Refinery Operations
Commercial Vehicle Makers Urge Global Clean Fuels, Emissions Standards
Shell CEO: Advanced Biofuels Not in Widespread Use Until 2020
Volvo Signs Agreement for Natural Gas Engines
News from Americas
U.S. DOE to Fund Liquid Fuels, CCS, Battery Research
Foster Wheeler, PetroAlgae in Algae-Refinery Hookup
U.S. DOE, USDA Unveil US$600MM for Biorefinery Projects
Audi Diesels Win 2 U.S. ‘Green Car’ Awards
U.S. DOE Green-Lights $3 Billion for CCS Projects
Petrobras Inks Five Refinery Construction Contracts
News from Middle East / Asia
Australia Puts 2 IGCC Projects in Running for CCS Funds
Rio Tinto Trims Investment in Hydrogen Energy Venture
Mitsubishi Heavy Industries to Start Operation of Demonstration Cellulosic Ethanol Plant
Indian Refiners Prepared for Margins Challenges amidst Future Regulations
Sasol in 80,000 b/d CTL Project Talks in Indonesia
Subaru Targets 40% Expansion in China
News from Europe / Africa
Ras Tanura Refinery Maintenance will Reduce Saudi Arabia’s Domestic Gasoline Supply
Israeli Refining Facility Changes Ownership
Lukoil Refinery Commissions new Alkylation Unit
Volvo’s ‘Terracastus’ Inks Liquid Biogas Deal with NSR
Preem Seen Debuting Tall-Oil-Based ‘Green Diesel’ in 2010

News from Americas

U.S. DOE to Fund Liquid Fuels, CCS, Battery Research

The U.S. Secretary of Energy announced Dec. 7 an offer of $100 million in Recovery Act funding to accelerate innovation in “green” technology.

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Foster Wheeler, PetroAlgae in Algae-Refinery Hookup

Florida-based PetroAlgae officials announced Dec. 10 that they’ve signed a memo of understanding with global oil refinery engineering firm Foster Wheeler “to develop commercial solutions that will allow existing oil refineries to convert micro-crop biomass into fuels that are functionally compatible with petroleum-based fuels in the current market.”

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U.S. DOE, USDA Unveil US$600MM for Biorefinery Projects

U.S. Department of Energy Secretary Steven Chu and U.S. Department of Agriculture (USDA) Secretary Tom Vilsack on Dec. 4 announced 19 integrated biorefinery projects will get up to US$564 million in American Recovery and Reinvestment Act grants to accelerate the construction and operation of pilot, demonstration and commercial-scale facilities, plus a $54 million USDA loan guarantee.

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Audi Diesels Win 2 U.S. ‘Green Car’ Awards

Audi on Dec. 3 won both the “Green Car of the Year” award for its A3 TDI diesel car, while its Q7 SUV diesel simultaneously won the “Earth, Wind & Power” environmental award as “most environmentally progressive truck of the year.”

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U.S. DOE Green-Lights $3 Billion for CCS Projects

The U.S. Dept. of Energy (DOE) Secretary Steven Chu announced Dec. 4 the selection of three new projects with a value of $3.18 billion to accelerate the development of advanced coal technologies with carbon capture and storage (CCS) at commercial scale.

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Petrobras Inks Five Refinery Construction Contracts

Petrobras announced Dec. 2 the signing of five contracts for the construction of the Abreu e Lima Refinery worth R$8.9 billion (US$5.2 billion).

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News from Middle East / Asia

Australia Puts 2 IGCC Projects in Running for CCS Funds

Australia’s Minister for Resources and Energy Martin Ferguson announced Dec. 8 that two integrated gasification combined cycle projects moved into the queue for carbon capture and storage funding under the country’s A$2 billion (US$1.8 billion) CCS Flagships Program.

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Rio Tinto Trims Investment in Hydrogen Energy Venture

London-based Rio Tinto officials Dec. 4 announced they’ve decided to trim their global investment in their Hydrogen Energy joint venture with oil major BP, including withdrawal from an Abu Dhabi project.

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Mitsubishi Heavy Industries to Start Operation of Demonstration Cellulosic Ethanol Plant

A cellulosic bioethanol demonstration plant constructed by Mitsubishi Heavy Industries Ltd. (MHI), Hakutsuru Sake Brewing Co. Ltd. and Kansai Chemical Engineering Co. Ltd. is about to launch continuous operation, MHI announced Nov. 30.

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Indian Refiners Prepared for Margins Challenges amidst Future Regulations

Fluctuating market dynamics and tougher regulations present unique challenges for Indian refiners. Blending optimization techniques, APC and linear programming techniques are being embraced by the most competitive refiners, according to a recently completed study.

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Sasol in 80,000 b/d CTL Project Talks in Indonesia

Sasol is working on a memo of understanding (MOU) for a proposed US$10 billion, 80,000 barrels/day coal-to-liquids (CTL) project in Indonesia, according to Jakarta Globe report quoting Gita Wirjawan, the head of Indonesia’s investment board.

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Subaru Targets 40% Expansion in China

The Subaru car division of Fuji Heavy Industries aims to boost car sales in China to 50,000 units in 2011, up 40% from the current year, according to a report from Nikkei news service.

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News from Europe / Africa

Ras Tanura Refinery Maintenance will Reduce Saudi Arabia’s Domestic Gasoline Supply

Saudi Aramco’s Ras Tanura refinery will shut down for 45 days of maintenance, according to press reports. In the long term, domestic refining capacity will need to increase to keep up with a growing population and government business objectives.

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Israeli Refining Facility Changes Ownership

Paz Corporation becomes largest energy company in Israel after wining tender for Ashod Oil Refineries. The acquisition by Paz involved a bid of US$918 million.

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Lukoil Refinery Commissions new Alkylation Unit

Lukoil refinery in Bulgaria commissions new sulfur acid alkylation unit to help meet the region’s requirement for higher octane gasoline. The new unit will incorporate the most modern safety systems and will replace an outdated alkylation unit.

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Volvo’s ‘Terracastus’ Inks Liquid Biogas Deal with NSR

The Terracastus subsidiary of Sweden-based Volvo on Dec. 7 signed a letter of intent with Nordvastra Skanes Renhallningsbolag to establish a joint company for upgrading biogas to a liquefied biogas.

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Preem Seen Debuting Tall-Oil-Based ‘Green Diesel’ in 2010

According to a new report from Sweden-based pulp-mill black-liquor gasification specialist Chemrec, the Preem petroleum refinery in Sweden will soon be processing a pulp-mill tall-oil product into “green diesel” fuel for the European market.

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Top Stories

Neste Oil Hopes to Boost Revenues with Renewable Diesel

Neste Oil executive comments on refining margins and believes more than 30% of the company’s revenues will be from renewable diesel.

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Chevron Signs 20-Year Agreement with LNG Buyer

Chevron has signed a 20-year HOA with TEPCO for supply of LNG from the Australian Wheatstone Project. 4.1 million MTPA will be supplied through the Wheatsone Projects’ 8.6 MTPA gas processing plant.

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Largest Hydrocracker in China Meets Performance Guarantees During Start Up

The 80,000 b/d hydrocracker at CNOOC’s Huizhou refinery has achieved start up objectives. The new unit will produce diesel and jet fuel as well as ethylene cracker feedstock.

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Valero Inks US$3.5 Billion Biodiesel Deal with Mission NewEnergy

Valero, the U.S.’s biggest independent oil refiner, on Dec. 11 inked a 60 million gallons per year biodiesel supply agreement with Australia-based Mission NewEnergy Ltd., a biodiesel refiner and one of the world’s largest Jatropha plantation companies by acreage.

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Diesel Retrofits Seen Unnecessary Before 2014: AGC

Associated General Contractors officials Dec. 8 unveiled an analysis of data from trend-setting California Air Resources Board indicating that because of massive, recession-caused cutbacks in construction, non-road diesel engines in California supposedly won’t need costly emissions retrofits until 2014.

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Outsourcing Refinery Operations

Outsourcing refinery maintenance and turnaround functions is nothing new. However, outsourcing refinery operations functions at the unit level is just now gaining acceptance in the industry.

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Commercial Vehicle Makers Urge Global Clean Fuels, Emissions Standards

The 7th annual Global Commercial Vehicle Makers meeting in Brussels on Dec. 3 once again called for a harmonized, world-wide push toward cleaner fuels and emissions standards.

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Shell CEO: Advanced Biofuels Not in Widespread Use Until 2020

Royal Dutch Shell’s Chief Executive Officer (CEO) Peter Voser said last week that advanced biofuels will not be in widespread use until about 2020.

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Volvo Signs Agreement for Natural Gas Engines

Volvo awarded Westport Innovations an agreement to develop and supply engines capable of running on natural gas that will be used by the international auto manufacturer for heavy duty vehicles.

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