- Top Stories
- UOP Negotiating $25 Million Grant for Pyrolysis Fuel Project
- Cummins, Daimler, Navistar Win DOE ‘SuperTruck’ Grants
- EIA Report: Q3 Earnings Fell Sharply for Oil, Gas and Refining
- Total Launches CCS Project in France
- Lithium-Air Batteries Could Replace Gasoline: ANL
- Chesapeake, Total Agree to US$2.25B Barnett Joint Venture
- Global Auto Sales to Rebound This Year: Scotia Economics
- Expect Some Investment in Conversion Technology in 2010
- RWE Teams-up on CO2-Biomass Recycling Scheme
- Study: World Demand for Chemicals Used by Refiners to Reach 18.3 Million Metric Tons in 2013
- Midstream Gas Processing Expected to Increase in 2010
- Tesla Roadster Goes 2,700 Miles from L.A. to Detroit without Gas
- Refinery Projects: Bidding to Win in 2010
- Market Report
- Market Snapshot
- Market Snapshot
- Warmer Weather Continues to Dampen Crude Futures Prices
- Downstream Trends 2010: ‘Shrink to Grow’
- <50-ppm Sulfur Capability to Aid Refiners Post-Recession
- China Becoming Tough Competitor in Electric Car Infrastructure
- Deutsche Bank Upgrades U.S. Refining Outlook
- S&P Industry Report Card: Mixed Prospects
- News from Americas
- AltAir, UOP, Tesoro in Bio-Jet Scheme with 14 Airlines
- Petrobras Adding Power Supply for Expanded LPG Storage
- Study: Ethanol Results in Higher Ozone Concentrations than Gasoline
- Targa Resources to Expand NGL Production Capacity in Mont Belvieu
- 11 U.S. Governors Sign Low-Carbon Fuel Standard MOU
- Spectra Energy Secures Supply Agreements for New York/New Jersey Natural Gas Pipeline Expansion
- Petrobras Takes 40% Stake in Brazil Ethanol Producer
- News from Middle East / Asia
- Thai Ethanol Use to Double by 2011
- Hyundai Aims to Boost Global Sales 16% This Year
- Wanyuan Launches Coal-to-Chemicals Plant Construction
- Bosch to Invest US$423 Million in India Diesel; Gets ‘Nano’ Deal
- Linc Inks Fuel-Cell Deal for UCG-Fed Power Generation
- Chennai Petroleum Increasing Capacity at Manali Refinery
- Planned Naphtha Cracker in the Philippines Could Break Ground in March
- News from Europe / Africa
- Repsol, Foster Wheeler Team-up on CO2-Cutting HRSG
- Bosch to Invest US$423 Million in India Diesel; Gets ‘Nano’ Deal
- Biomass-to-Liquid Demonstration Plant to Start Up in Austria
- Hellenic Refinery Near Athens Installing Integrated Power and Automation System
- Shell Reviews Downstream Portfolio in Africa
- Lukoil Continues Upgrade to Bulgaria’s’ Only Refinery
- Tupras Expects Increased Demand in 2010
News from Americas
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AltAir, UOP, Tesoro in Bio-Jet Scheme with 14 Airlines
Washington-based bio-jet-fuel project developer AltAir Fuels is teaming-up with technology provider UOP, oil refiner Tesoro and 14 airlines in a scheme aiming to produce some 750 million gallons of Camelina-based renewable jet fuel and diesel.
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Petrobras Adding Power Supply for Expanded LPG Storage
The doubling of LPG storage capacity at a Petrobras refinery will require additional power supply. Temporary power generators will be supplied by Aggreko.
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Study: Ethanol Results in Higher Ozone Concentrations than Gasoline
According to a new study led by Stanford University researchers and funded by NASA, the U.S. Environmental Protection Agency and the Department of Energy, ethanol would likely cause more ozone-related health problems than gasoline when burned in a vehicle, especially in winter.
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Targa Resources to Expand NGL Production Capacity in Mont Belvieu
Representatives with Targa Resources Partners announce plans to expand their natural gas liquids production capacity at Mont Belvieu, Texas, through an expansion at the company’s Cedar Bayou fractionation facility. The project is expected to be supported by a long-term, firm space fractionation agreement with ONEOK Partners LP.
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11 U.S. Governors Sign Low-Carbon Fuel Standard MOU
Eleven governors in the U.S. Northeast/Mid-Atlantic region on Dec. 30 signed a memo of understanding obligating them to develop a low-carbon fuel standard (LCFS) scheme by 2011, mostly following in the footsteps of LCFS pioneer, California.
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Spectra Energy Secures Supply Agreements for New York/New Jersey Natural Gas Pipeline Expansion
Spectra Energy secured supply agreements from Chesapeake Energy, Statoil and Con Edison for its proposed pipeline expansions in New Jersey and New York. These expansions will increase natural gas capacity into the areas.
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Petrobras Takes 40% Stake in Brazil Ethanol Producer
Petrobras officials announced Dec. 22 that their wholly-owned subsidiary, Petrobras Biocombustível S.A, just invested R$150 million (US$84 million) in ethanol producer Total Agroindústria Canavieira S.A.
News from Middle East / Asia
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Thai Ethanol Use to Double by 2011
The Bangkok Post reported Jan 1 that Thailand’s Energy Minister Wannarat Channukul said the Thai government has set a goal to increase ethanol content in motor fuels.
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Hyundai Aims to Boost Global Sales 16% This Year
Hyundai Motor Co. officials announced this week they’re aiming to boost global sales 16% this year, to 5.4 million units including sales through the Kia subsidiary.
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Wanyuan Launches Coal-to-Chemicals Plant Construction
A coal gasification-to-chemicals project by Beijing Aerospace Wanyuan Coal Chemical Engineering Technology Co. is now under construction with production expected in 2011, according to a report from China Knowledge.
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Bosch to Invest US$423 Million in India Diesel; Gets ‘Nano’ Deal
Bosch officials announced Jan. 4 that they’ll invest some US$423 million in Indian operations between 2010 to 2012, mostly focused on diesel engine systems.
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Linc Inks Fuel-Cell Deal for UCG-Fed Power Generation
Australia-based Linc Energy officials announced in December they’ve signed a deal with U.K.-based fuel cell technology developer AFC Energy Plc and its related company, B9 Coal.
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Chennai Petroleum Increasing Capacity at Manali Refinery
Improvements to Chennai Petroleum Corp.’s Manali refinery will result in expanded capacity of products capable of meeting Euro-IV specifications. The current crude distillate unit will be expanded and a new diesel hydrotreater and isomerization unit will be started up in 2010.
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Planned Naphtha Cracker in the Philippines Could Break Ground in March
Naphtha-based steam cracker project recently announced by HG Summit Holdings Inc. will produce 320,000 t/y of ethylene. The facility will be located upstream from existing PP and PE assets in Batangas City in The Philippines.
News from Europe / Africa
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Repsol, Foster Wheeler Team-up on CO2-Cutting HRSG
Repsol’s Cartagena, Spain refinery is installing a power/steam cogeneration plant that can enable reduction in the plant’s net carbon dioxide “greenhouse” footprint.
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Bosch to Invest US$423 Million in India Diesel; Gets ‘Nano’ Deal
Bosch officials announced Jan. 4 that they’ll invest some US$423 million in Indian operations between 2010 to 2012, mostly focused on diesel engine systems.
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Biomass-to-Liquid Demonstration Plant to Start Up in Austria
BTL demonstration plant starting up in early 2010 will be operated on wood chips. According to Oxford Catalysts, one of the project’s most important objectives is to evaluate the technology’s effectiveness for synthetic jet fuel production.
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Hellenic Refinery Near Athens Installing Integrated Power and Automation System
Greek refinery plans to improve reliability and efficiency with an integrated power and automation system. Hellenic Petroleum’s Elefsina refinery plans to finish the project in 2010 with the help of ABB Automation.
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Shell Reviews Downstream Portfolio in Africa
While Shell executives have denied reports the company plans to pull out of Africa, it has not ruled out that it is reviewing its downstream business in Africa as part of its global strategy, according to PetrolWorld (Ireland).
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Lukoil Continues Upgrade to Bulgaria’s’ Only Refinery
Bulgaria’s only refinery is being upgraded to produce Euro-5 motor fuels. The Lukoil investment in the Bulgarian Burgas refinery includes a hydrocracker and two desulfurization units.
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Tupras Expects Increased Demand in 2010
In its 2009 year-end assessment and 2010 expectations report, Tupras, Turkey's oil refiner, expects sales of more than US$15 billion in 2010 as global demand for petroleum products rises, Chief Executive Yavuz Erkut said on Dec. 28 and reported by Reuters.
Top Stories
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UOP Negotiating $25 Million Grant for Pyrolysis Fuel Project
UOP officials announced Jan. 12 that they’ve been selected for negotiation of a US$25 million grant from U.S. Dept. of Energy (DOE) to build a biomass pyrolysis-oil plant in Hawaii for a “green” transportation fuel scheme.
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Cummins, Daimler, Navistar Win DOE ‘SuperTruck’ Grants
U.S. Dept. of Energy (DOE) officials announced Jan. 11 that three major heavy-duty diesel engine/vehicle makers will share US$187 million in grants for a “SuperTruck” program aiming to boost fuel efficiency in the biggest Class 8 trucks while ensuring ultra-low tailpipe emissions.
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EIA Report: Q3 Earnings Fell Sharply for Oil, Gas and Refining
Earnings of oil and natural gas producers, refiner/marketers and oil field companies fell sharply in the third quarter 2009 (Q309) compared to a year ago, continuing the trend toward lower profitability evident during the first half of 2009.
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Total Launches CCS Project in France
Oil major Total on Jan. 11 officially launched its first carbon capture and storage (CCS) demonstration project at its Lacq natural gas processing plant in France.
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Lithium-Air Batteries Could Replace Gasoline: ANL
Scientists at the U.S. Department of Energy-financed Argonne National Lab believe that lithium-air batteries could in 10 to 20 years replace lithium-ion batteries as a more practical technology aiming to eliminate gasoline-powered vehicles.
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Chesapeake, Total Agree to US$2.25B Barnett Joint Venture
Chesapeake Energy continued to increase liquidity and finance future drilling and completion costs in what it calls the Big Four shales by reaching a $2.25 billion agreement to sell a 25% interest in its Barnett production assets to France’s Total.
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Global Auto Sales to Rebound This Year: Scotia Economics
Scotia Economics officials unveiled Dec. 29 a new report finding that “cyclical recovery in global auto sales began in the spring of 2009 and will gain momentum in the new year.”
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Expect Some Investment in Conversion Technology in 2010
Investments in conversion technology in 2010 may be driven by the need for product supply diversification. However, low utilization rates, narrow light/heavy spreads and other concerns will weigh heavily on future investments.
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RWE Teams-up on CO2-Biomass Recycling Scheme
Germany-based RWE Power officials announced Jan. 4 that they’ve joined forces with biotech developer Brain AG (also of Germany) to tap power-plant carbon dioxide (CO2) emissions as feedstock for microbial biomass, for possible biochemical applications.
The joint project is hosted by RWE’s “Coal Innovation Center” in Niederaussem, Germany, adjacent to a coal-fired power plant. This plant is already capturing CO2 from flue gas.
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Study: World Demand for Chemicals Used by Refiners to Reach 18.3 Million Metric Tons in 2013
According to a new study from The Freedonia Group, Inc., World Refinery Chemicals, world demand for chemicals used in petroleum refineries is forecast to grow annually by 3.5% and reach 18.3 million metric tons in 2013.
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Midstream Gas Processing Expected to Increase in 2010
Midstream gas processing in 2010 is expected to expand throughout the world, because it is now more feasible to monetize more gas-bearing formations due to market demand and improvements in technology.
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Tesla Roadster Goes 2,700 Miles from L.A. to Detroit without Gas
In an effort to increase consumer awareness of electric vehicles, Tesla Motors completed its Roadster Road Trip on Friday, Jan. 8, as the company drove one of its all-electric Tesla Roadster Sport models 2,700 miles from its Los Angeles, Calif., store to Detroit, Mich., ahead of the North American International Auto Show. The trip saw the car successfully navigate through two blizzards in 23 days.
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Refinery Projects: Bidding to Win in 2010
Pressure on prices and margins combined with overcapacity in the global refining industry will slow down major conversion unit investments in 2010. The projects that do proceed will nonetheless put significant pressures on the general contractors.
Market Report
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Market Snapshot
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Market Snapshot
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Warmer Weather Continues to Dampen Crude Futures Prices
Crude futures prices continued to move downward Jan. 12 on news of warmer weather in the United States and changes to China’s monetary policy.
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Downstream Trends 2010: ‘Shrink to Grow’
Bender Consulting describes the downstream market in 2010 as “shrink to grow,” and forecasts that supermajors will continue to optimize and reduce downstream headcount and markets of operation.
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<50-ppm Sulfur Capability to Aid Refiners Post-Recession
A new Hart Energy Consulting study finds that refiners with capability to produce cleaner fuels – such as Euro-4 fuel (50 parts per million sulfur maximum) or better – are more likely to show better profitability once an expected global economic recovery returns.
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China Becoming Tough Competitor in Electric Car Infrastructure
China is emerging as a formidable competitor to Europe and North America in the emerging electric-car vehicle and recharging markets, according to a new report.
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Deutsche Bank Upgrades U.S. Refining Outlook
While Deutsche Bank analysts held a negative view of the refining sector in 2009, they now see relative positives in 2010 and have raised their recommendation to neutral from underweight with raised stock recommendations across the board.
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S&P Industry Report Card: Mixed Prospects
The outlook for much of the U.S. oil and gas sector looks uncertain heading into 2010, according to a Standard & Poor's Ratings Services’ industry report card published Dec. 31, 2009.




