- Key Market Prices
- Key Market Prices
- Public Policy
- New Petrochemical Complex in China to be Relocated
- Legislation Offers Tax Breaks for Idling Reduction Units; Truck Research
- Margins & Economics
- El Paso Forms Ruby Pipeline JV with Private Equity Firm
- Marathon: 2Q 2009 Earnings Down vs. 2Q 2008; Garyville Major Expansion Project Nearly Complete
- Rocketing RBOB Propels Ethanol Markets Up
- Energy Markets Rally as NYMEX Light Sweet Crude Gains
Fuels & Processing
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ExxonMobil, Qatargas Complete Second LNG Train
ExxonMobil and Qatargas completed the second of their four liquefied natural gas trains this year. The remaining two are expected to be brought online by the end of the year, supplying the world natural gas markets with an additional 31 million tons per year of gas.
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Refiners Still Interested in Diesel Maximization
Increasing refinery diesel production by just a few percentage points can deliver important margins gains. A couple of areas where more diesel yield can be increased include the vacuum unit and the fluid catalytic cracking unit.
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Future Prospects for Processing Canadian Crudes
Excitement about processing Canadian crudes has mellowed out; however, strong possibility still exists for processing significant quantities of these heavy hydrocarbons.
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Ethanol Blending Picked Up in May; Production Up, Stocks Down: EIA
Ethanol producing topped 20 million barrels in May, but stocks were down by more than 6%, indicating an increase in blending activity in the run up to the busy summer driving season, statistics released last week by the Energy Information Administration indicated.
Feature
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Energos Wins 6th U.K. Planning Consent for Gasification-Based WTE Project
While many gasification-based waste-to-energy projects struggle against public perceptions over air emissions or other issues, U.K.-based Energos is winning battle after battle, with six straight approvals in the United Kingdom so far.
Key Market Prices
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Key Market Prices
Transportation & Logistics
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Gasoline-Diesel Mixture Solves Emissions, Efficiency Problems
A potential breakthrough in engine energy efficiency and emissions control has been achieved with variable blends of gasoline and diesel fuel, employed in a novel combustion scheme.
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Nissan Unveils ‘Green’ LEAF Electric Vehicle
Nissan Motor Co. Ltd.’s recent announcement of its upcoming “green” electric vehicle, touted as the first zero-emission car, under the Renault-Nissan Alliance is part of a zero-emission mobility program that includes partnerships with the United Kingdom and Portugal, Japanese and U.S. governments and other areas for about 30 global partnerships.
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U.S. Midcontinent Express Pipeline Brought Into Service
The Midcontinent Express Pipeline was brought online Aug. 3 with the ability to transport natural gas from the Barnett shale, Bossier Sands and other regions to Eastern markets.
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JAMA: Japanese Automakers Production Down from 2008
The 37% drop in Japanese automakers overseas production in the first quarter 2009 compared with the same period in 2008 is attributed to the decline in local production, according to a July 30 report by the Japanese Automakers Association.
Margins & Economics
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El Paso Forms Ruby Pipeline JV with Private Equity Firm
El Paso secured an additional US$700 million in funding for the Ruby pipeline by forming a joint venture for the pipeline’s development and operation with Global Infrastructure Partners.
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Marathon: 2Q 2009 Earnings Down vs. 2Q 2008; Garyville Major Expansion Project Nearly Complete
Marathon reports second quarter 2009 earnings. Garyville refinery Major Expansion project will increase the facility’s crude oil refining capacity to 180,000 b/d.
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Rocketing RBOB Propels Ethanol Markets Up
Overall, traders said rocketing RBOB gasoline prices and gains in light sweet crude helped propel the ethanol rack, spot and futures markets upward.
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Energy Markets Rally as NYMEX Light Sweet Crude Gains
The September contract for light sweet crude gained 3.1% or US$2.13 barrel (bbl) on NYMEX on Aug. 3 as the energy markets rallied. At $71.58 that is the third-highest close for crude this year.
Public Policy
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New Petrochemical Complex in China to be Relocated
The Chinese government conceded to strong environmental resistance to relocate a US$5 billion refinery and petrochemical project. The new location has not been revealed.
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Legislation Offers Tax Breaks for Idling Reduction Units; Truck Research
New legislation that would provide tax incentives of up to US$3,000 to truckers to install idling reduction technology and support research into advanced trucking technology has been introduced into the U.S. House of Representatives.
