September 08, 2010
Volume: 14
Issue: 18
Top Stories
UOP Wins BTL Project Contract from Rentech
GM Volt Hits China in 2011
Axens Inks Waste Oil Re-Refining Deal at PDVSA
Shell Negotiating Sale of Swedish Refinery
Ford: 70% of Sales Growth Seen in Asia-Pacific, Africa
BP May Truck in Coker Feedstock Due to Enbridge Pipeline Shortages
Petrobras Biofuels Buys Stake in Oilseed Processor
KiOR Wins US$75 Million Mississippi State Loan for Bio-Crude Scheme
Washington State Refineries Object of GHG Suit
Shell, Cosan Ink Brazil Ethanol Deal
OPEC Members Investing US$40 Billion in Refinery Expansion
KL Energy Signs Ethanol Commercialization Pact with Petrobras
Dow Corning Unveils Biomass Gasification Plan
Scots Develop, Patent Biofuel Derived of Whisky Byproducts
Market Report
Fortnight Market Snapshot: ICE Brent Futures and ICE Gas Oil Futures
API Study: Concerns About Rapid E15 Introduction
U.K.: Fleets Likeliest to Buy EVs, Tap Government Grants
Diesel Cars Beat EVs on Life-Cycle Enviro Impact: Swiss Study
Analysts: 3.2 Million Electric Vehicles to Be Sold By 2015
News from Americas
Regulators Propose New Labeling Standards For U.S. Vehicles
Albemarle: Price Hikes on FCC Catalysts, Additives
Grace Imposes Surcharge on FCC Catalysts, Additives
KBR Wins FCC, ROSE Unit Deals for Iraq Refinery
Sunoco’s Logistics MLP Prices Units
News from Middle East / Asia
India Now Largest Petroleum Products Exporter In Asia
Hindustan Petroleum Launching IPO for HMEL JV Refinery
Sinopec Shanghai Petrochemical 1H 2010 Profits up 51%
PetroChina 1H 2010 Profit Up 29%; Refining Margins Dip
Thailand Sets 2012 Target for Bio-Jet Fuel
News from Europe / Africa
Construction Begins On Hungarian Corn Ethanol Plant
BASF Unveils New Solution for Coal-Fired Plants
Angola to Start Construction on Lobito Refinery
EU Regs May Block Brazilian Ethanol
Australia Claims ‘World’s First’ Solar-Diesel Power Plant
TUPRAS Selects Merichem Technologies for Jet Fuel, Spent Caustic Treatment at Izmir Refinery

News from Americas

Regulators Propose New Labeling Standards For U.S. Vehicles

U.S. Environmental Protection Agency (EPA) Assistant Administrator Gina McCarthy and National Highway and Traffic Safety Administration Administrator (NHTSA) David Strickland August 30 announced new-car fuel economy labels.

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Albemarle: Price Hikes on FCC Catalysts, Additives

Albemarle officials announced August 30 that they’re hiking FCC catalyst prices 10% globally effective Oct. 1, 2010, “or as contracts allow.”

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Grace Imposes Surcharge on FCC Catalysts, Additives

Grace Division officials announced August 25 that they’re imposing a rare-earth surcharge for their fluid catalytic cracking (FCC) catalysts and additives for the petroleum refining industry.

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KBR Wins FCC, ROSE Unit Deals for Iraq Refinery

Houston-based KBR officials announced August 24 that they’ve won contracts from Iraq’s Ministry of Oil through the South Refineries Company for licensing and basic engineering services for the construction of Fluid Catalytic Cracking (FCC) and Solvent Deasphalting (SDA) units at the planned grassroots Maissan Refinery in Maissan, Iraq.

Full Story >>

Sunoco’s Logistics MLP Prices Units

Sunoco Logistics Partners L.P. announced on August 24 that it priced its offering of 1,750,000 common units at US$74.45 per unit. The firm also announced that the underwriters of this common unit offering were granted an option to purchase up to 262,500 additional common units.

Full Story >>

News from Middle East / Asia

India Now Largest Petroleum Products Exporter In Asia

India has surpassed South Korea to become the largest exporter of petroleum products in Asia, according to recent data compiled by Platts. With the commissioning of a new refinery by Reliance Industries at Jamnagar and Essar Oil increasing output at Vandinar, India overtook South Korea by mid-2009 and has since consistently maintained the lead position, the data showed.

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Hindustan Petroleum Launching IPO for HMEL JV Refinery

India’s state-owned Hindustan Petroleum Corporation Ltd. (HPCL), the country’s second-biggest oil refining and marketing company, plans to launch an initial public offering (IPO) stake in the HPCL-Mittal Energy (HMEL) joint venture (JV), according to a report from Business Standard (India).

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Sinopec Shanghai Petrochemical 1H 2010 Profits up 51%

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.

Full Story >>

PetroChina 1H 2010 Profit Up 29%; Refining Margins Dip

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 first half 2009.

Full Story >>

Thailand Sets 2012 Target for Bio-Jet Fuel

Thailand’s Alternative Energy Development and Efficiency Department (AEDED) last week announced that the country aims to develop bio-jet-fuel by 2012 to keep-up with European targets for lower-emissions aviation.

Full Story >>

News from Europe / Africa

Construction Begins On Hungarian Corn Ethanol Plant

Construction has begun on a corn ethanol plant in Hungary that could significantly increase corn production from existing and idled farmlands, according to a recent announcement from the plant contractor, Fagan, Inc.

Full Story >>

BASF Unveils New Solution for Coal-Fired Plants

German chemicals maker BASF plans to unveil a new mercury absorbent solution for coal-fired power plants at the annual Power Plant Air Pollutant Control “MEGA” Symposium being held through Sept. 2 in Baltimore, according to an Aug. 30 company statement.

Full Story >>

Angola to Start Construction on Lobito Refinery

Angolan state-run oil firm Sonangol will commence construction on a long-delayed US$8 billion refinery later this year in a bid to trim imports of refined products, according to an August 25 Reuters story

Full Story >>

EU Regs May Block Brazilian Ethanol

According to an August 23 report from IPS (Inter Press Service) news service, Brazil is attempting to counter measures that are now in place in the European Union for certifying crop-based fuels.

Full Story >>

Australia Claims ‘World’s First’ Solar-Diesel Power Plant

Western Australia Mines & Petroleum Minister Norman Moore recently officially inaugurated what’s described as a “world-first power station that combines renewable and traditional [diesel-only] sources of generation.”

Full Story >>

TUPRAS Selects Merichem Technologies for Jet Fuel, Spent Caustic Treatment at Izmir Refinery

Turkish Petroleum Refining Corp. (TUPRAS) has selected Merichem Co. to provide multiple technologies for the treatment of kerosene/jet fuel, as well as technology for on-site treatment of associated spent caustic at the company’s Izmir refinery, Merichem announced on August.23.

Full Story >>

Top Stories

UOP Wins BTL Project Contract from Rentech

UOP officials announced September 1 that their “Unionfining” and “Unicracking” processes were selected for Rentech’s in-development “Rialto” biomass-to-liquids (BTL) project in California.

Full Story >>

GM Volt Hits China in 2011

The GM Volt plug in hybrid electric vehicle last week made its first appearance in China, considered by GM to be one of the top market prospect areas for electric vehicles.

Full Story >>

Axens Inks Waste Oil Re-Refining Deal at PDVSA

Axens officials announced August 30 that they’ve inked a deal with PDVSA to install the “Viscolube Revivoil” technology for a waste oil re-refining plant at either San Juan de los Morros (Guárico region) or Amuay (Falcón region) in Venezuela.

Full Story >>

Shell Negotiating Sale of Swedish Refinery

Royal Dutch Shell Plc is in bilateral negotiations with Finish energy concern, St1, regarding the sale of Shell's downstream operations in Sweden and Finland, Bloomberg reported on September 3. The report referenced a communication by Shell spokesman David Williams, who reportedly stated that the company will not negotiate with other potential bidders "for the time being."

Full Story >>

Ford: 70% of Sales Growth Seen in Asia-Pacific, Africa

Ford officials August 26 unveiled a plan to launch eight new vehicles in India by 2015 as part of a strategy to meet growing local and export market demands, including Mexico, North Africa and United Arab Emirates.

Full Story >>

BP May Truck in Coker Feedstock Due to Enbridge Pipeline Shortages

Because of the pipeline rupture and ongoing repairs at Enbridge line 6b in Michigan, BP’s 410,000 barrel per day (b/d) Whiting, Indiana refinery may need to share some of its coker unit feedstock with BP’s 160,000 b/d refinery in Toledo, Ohio, according to unnamed sources within an August 26 news report on Bloomberg.

Full Story >>

Petrobras Biofuels Buys Stake in Oilseed Processor

Petrobras Biofuels officials announced August 27 that they’ve bought a 50% stake in oilseed processor Bióleo Industrial and Comercial for R$15.5 million (US$8.8 million).

Full Story >>

KiOR Wins US$75 Million Mississippi State Loan for Bio-Crude Scheme

Texas-based KiOR officials announced August 30 that they’ve reached agreement with the state of Mississippi for US$75 million in state loans that will aid construction of five “commercial-scale” bio-crude production plants.

Full Story >>

Washington State Refineries Object of GHG Suit

Two environmental groups said they plan to sue the Washington Department of Ecology and two clean air agencies for not limiting global warming pollution from oil refineries, according to an Aug. 25 Associated Press (AP) article.

Full Story >>

Shell, Cosan Ink Brazil Ethanol Deal

The US$12 billion joint-venture between Shell and Cosan to produce and market ethanol in Brazil took another step forward August 25 when the two companies signed binding agreements.

Full Story >>

OPEC Members Investing US$40 Billion in Refinery Expansion

Organization of Petroleum Exporting Countries (OPEC) Secretary-General Abdalla Salem El-Badri is quoted in the latest edition of the official OPEC Bulletin as saying that OPEC member countries plan to invest US$40 billion over the next decade in oil refining.

Full Story >>

KL Energy Signs Ethanol Commercialization Pact with Petrobras

Timed to coincide with a speaking engagement at the Biomass Investing Brazil Summit being held in Sao Paulo, Brazil, U.S. based KL Energy and Brazilian energy conglomerate Petrobras announced on August 24 the execution of their Joint Development Agreement aimed at commercializing bagasse biofuels manufacturing technologies. The news follows the company’s recent filing of an S-1 Registration Statement for a public sale of equity on U.S. markets.

Full Story >>

Dow Corning Unveils Biomass Gasification Plan

Dow Corning officials announced August 20 that they’re considering installing a biomass gasification plant to produce both steam and electric power for the company’s Midland, Michigan, chemical plant.

Full Story >>

Scots Develop, Patent Biofuel Derived of Whisky Byproducts

In Scotland – a country known for its whisky – a new biofuel has been developed using byproducts of whisky production. Researchers at Edinburgh Napier University in Scotland have filed a patent for the new biofuel, they announced August 17.

Full Story >>

Market Report

Fortnight Market Snapshot: ICE Brent Futures and ICE Gas Oil Futures

These charts show biweekly activity of the ICE Brent Futures and ICE Gas Oil Futures from August 25 to September 87.

Full Story >>

API Study: Concerns About Rapid E15 Introduction

A new report commissioned by the American Petroleum Institute (API), conducted by Sierra Research, titled “Identification and Review of State/Federal Legislative and Regulatory Changes Required for the Introduction of New Transportation Fuels,” multiple regulatory and legal requirements remain and must be met before higher ethanol blends can be legally marketed for commercial introduction.

Full Story >>

U.K.: Fleets Likeliest to Buy EVs, Tap Government Grants

U.K. Energy Savings Trust (EST) officials announced August 31 that they’re expecting vehicle fleet operators in Britain to take advantage of government grants covering 25% of the purchase price of a plug-in hybrid electric vehicle (PHEV) or an all-electric vehicle (EV), up to a maximum of £5,000 (US$7,675).

Full Story >>

Diesel Cars Beat EVs on Life-Cycle Enviro Impact: Swiss Study

Several commercial diesel cars such as today’s Euro 5 Volkswagen and Ford vehicles sold in Europe actually can deliver a better net life-cycle environmental impact than pure battery-electric vehicles (BEVs), according to a new study by the Swiss Federal Laboratories for Materials Science and Technology (EMPA) agency.

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Analysts: 3.2 Million Electric Vehicles to Be Sold By 2015

Global sales of plug-in electric vehicles (PHEVs) and battery electric vehicles (BEVs) could total 3.2 million by 2015, according to a Sept. 1 market report by Pike Research.

Full Story >>