- Key Market Prices
- In Other Sectors
- Public Policy
- Judge Halts Chevron’s Expansion of Richmond Refinery
- Bankruptcy Court Judge Approves GM Sale
- Oregon Joins California in Adopting ‘Low Carbon Fuel Standard’
- Margins & Economics
- NYMEX Crude Tumbles 4%
- Commodities Slump; Ethanol Futures Down 3%
- Fuels & Processing
- CNPC Seeking Potential Deals in South America
- German Polystyrene Plant Constructed to Meet Global Demand
- Petrochemical Value Chain Continues to Expand in China
- Southern Vietnam Eyed as Future Refinery Site
- Brief: First Refinery in Vietnam Produces Gasoline
- SynGest Inks EPC Deal for Biomass-to-Ammonia Plant
- Israel’s Oil Refineries Starts First Stage of Mild Hydrocracker
- BASF Changes Name of Gasoline Additive
Fuels & Processing
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CNPC Seeking Potential Deals in South America
Resource-hungry China continues to show interest in securing supplies for energy and raw materials to feeds its fast-growing economy. For example, China National Petroleum Corp. is considering a bid for some of Repsol’s assets in South America.
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German Polystyrene Plant Constructed to Meet Global Demand
The global market is expanding for insulating materials produced by petrochemical manufacturers. Expandable polystyrene produced from refinery feedstocks is in demand as an insulating material.
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Petrochemical Value Chain Continues to Expand in China
The petrochemical value chain in China continues to expand to meet steadily increasing demand for plastics, elastomers, insulating materials and more. World-scale petrochemical complexes are being built in areas with no refinery or petrochemical complexes to date.
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Southern Vietnam Eyed as Future Refinery Site
An $8 billion refinery might be constructed in southern Vietnam, with several companies reportedly considering involvement with the project.
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Brief: First Refinery in Vietnam Produces Gasoline
Dung Quat, Vietnam’s first domestic oil refinery, will be fully operational Aug. 25, slated to run at 85% capacity by July 25.
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SynGest Inks EPC Deal for Biomass-to-Ammonia Plant
Corn isn’t just for ethanol anymore. Gasification of corn cobs in Iowa soon will create ammonia fertilizer, according to project developer SynGest.
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Israel’s Oil Refineries Starts First Stage of Mild Hydrocracker
Israeli company Oil Refineries has activated the first stage of its mild hydrocracking unit, which will enable the company to increase its middle distillate output by more than 1.5% a year.
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BASF Changes Name of Gasoline Additive
BASF has changed the name of its gasoline additive Puradd to Keropur. The name change won’t affect raw materials, manufacturing processes, specifications or product performance, according to the company.
Feature
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Alaska: The Final Frontier for Natural Gas
Experts Discuss Development of Alaskan Gas Reserves at GPR Webinar
Earlier this week, Gas Processors Report hosted a webinar discussing the future of Alaskan natural gas projects. Speaking at the event was Dr. Douglas Reynolds, professor of oil and energy economics at the University of Alaska Fairbanks, and Scott Jepsen, vice president of external affairs for Denali – The Alaska Gas Pipeline. This event looked at the challenges development may face, but why the time may be ripe for these project despite the large potential in gas shale plays and the current state of the economy.
Key Market Prices
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In Other Sectors
Transportation & Logistics
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Toyota Aims for Commercial Production of PHEVs by 2012
Japanese automaker Toyota hopes to begin mass production of its plug-in hybrid electric vehicles in 2012. The vehicles will use lithium-ion batteries.
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Toyota Axes Diesel Engine Deal with Isuzu
Toyota axed a 1.6-liter diesel engine development program with Isuzu in a cost-cutting move.
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Chrysler Adds Board Members
As part of its restructuring plan, Chrysler announced yesterday the appointment of new board members.
Margins & Economics
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NYMEX Crude Tumbles 4%
Worries over the health of the U.S. economy helped shove crude prices to levels not seen in the last five weeks.
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Commodities Slump; Ethanol Futures Down 3%
Slumping prices in the commodities markets helped take U.S. ethanol prices down yesterday, traders said.
Public Policy
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Judge Halts Chevron’s Expansion of Richmond Refinery
A California judge has told Chevron that it must stop work on its expansion of the company’s Richmond, Calif., refinery. It is unclear when work can begin again, although it will be only after Chevron secures another permit from the City of Richmond.
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Bankruptcy Court Judge Approves GM Sale
A U.S. bankruptcy court judge has ruled in favor of the sale of General Motors to a successor company. While GM’s more lucrative brands will likely remain will the company, its other brands will be sold off to would-be buyers.
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Oregon Joins California in Adopting ‘Low Carbon Fuel Standard’
The Oregon state legislature last week approved a bill authorizing the state Department of Environmental Quality to develop a low-carbon fuel standard (LCFS) for adopting by Jan. 1, 2011
