- Public Policy
- U.S. Investments in FCCs to Fall Sharply by 2022, EPA Projects
- ‘Cash for Clunkers’ Program Signed into Law
- California Set to Impose Carbon ‘Fee’ on Utilities, Refineries
- Eve of U.S. House Vote on Climate Change Bill Brings Out Lobbying Efforts
- House Leaders Confident on ‘Cap and Trade’ Vote Today; Tell Gore to Stay Home
- Margins & Economics
- NYMEX Crude Back at $70+/bbl
- Steep Ethanol Backwardation Called 'Nuts'
- Fuels & Processing
- Refinery CO2 Reduction with Hydrogen Production
- BP to sell West Java interests to Pertamina
- European Refiner Targets Energy Optimization
- Analyst Assesses India’s Near-Term Oil Demand Needs
- Transportation & Logistics
- Nissan Plans Electric Car and Battery Production for U.S. Plant
Fuels & Processing
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Refinery CO2 Reduction with Hydrogen Production
On-purpose hydrogen generation is an important function of a refinery hydroprocessing operation. However, there is significant concern about what is to be done to control the carbon dioxide emissions from the hydrogen production process.
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BP to sell West Java interests to Pertamina
The sale of BP’s BPWJ subsidiary to Pertamina also includes an agreement to cooperate on developing coal bed methane in Indonesia. The sale will not affect BP’s other interests in Indonesia.
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European Refiner Targets Energy Optimization
At Ceská rafinérská, the largest refiner in the Czech Republic, some energy optimization projects are aimed primarily to reduce energy consumption. Other optimization projects are primarily targeted at improving utilization and sales with energy savings being a “byproduct”.
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Analyst Assesses India’s Near-Term Oil Demand Needs
A Frost & Sullivan analyst foresees India’s refiners needing to balance growing oil demand with price pressures in the oil and petroleum product markets.
Feature
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Canadian Producers Benefit from Incentives, But Seek Clarity on New Regs
The changes to Canada’s royalty rates saw a stark downturn in the energy trust market before the global economic crisis further hampered the overall energy industry. While short-term drilling incentives have increased production, the country’s natural gas producers still have hardships.
Transportation & Logistics
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Nissan Plans Electric Car and Battery Production for U.S. Plant
Nissan wants to make electric cars at the same price point as gasoline-fueled cars and will produce them in the U.S. starting next year.
Margins & Economics
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NYMEX Crude Back at $70+/bbl
The price of the August NYMEX crude futures contract reached the $70/bbl benchmark again, after reports that the U.S. economy was not in as bad shape as previously feared.
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Steep Ethanol Backwardation Called 'Nuts'
Several U.S. ethanol traders are seeing backwardation occur on the spot market.
Public Policy
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U.S. Investments in FCCs to Fall Sharply by 2022, EPA Projects
In U.S. EPA’s regulatory impact analysis on the proposed changes to the Renewable Fuels Standard-2, EPA projects that investments to fluid catalytic cracking units will fall by $2.1 billion/yr by 2022 due to reduced gasoline demand.
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‘Cash for Clunkers’ Program Signed into Law
The federal program that provides incentives for U.S. motorists to trade in their gas-guzzlers for fuel-efficient vehicles has formally become law.
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California Set to Impose Carbon ‘Fee’ on Utilities, Refineries
California could become the first state in the nation to impose a carbon tax on industry under a proposal to be acted on by the state’s Air Resource Board.
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Eve of U.S. House Vote on Climate Change Bill Brings Out Lobbying Efforts
Trade associations and special interest groups are making last ditch efforts to persuade U.S. House members before Friday’s vote on the climate change bill.
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House Leaders Confident on ‘Cap and Trade’ Vote Today; Tell Gore to Stay Home
The leadership of the House of Representative is so confident that it has the votes to pass “cap and trade” legislation today that it called off a planned meeting the former Vice President Al Gore yesterday. The meeting had been planned to lobby undecided representative to support the bill.
