- Key Market Prices
- WTI Settled Lower for First Time in Four Days
- Public Policy
- U.S. State Air Regulators Support U.S. EPA Attack on Leaded Avgas
- U.K. Unveils Undersea CCS Licensing Scheme
- U.S. EPA Boiler Rule Draws Heavy Criticism
- Fuels & Processing
- Albemarle: Price Hikes on FCC Catalysts, Additives
- BASF Unveils New Solution for Coal-Fired Plants
- Saudi Arabia’s Jizan Refinery May Move Along With Port
- KiOR Wins US$75 Million Mississippi State Loan for Bio-Crude Scheme
- Hindustan Petroleum Launching IPO for HMEL JV Refinery
- Construction Begins On Hungarian Corn Ethanol Plant
- Solid Energy Fiscal 2010 Profit Jumps; UCG Project Advances
- Petrobras Biofuels Buys Stake in Oilseed Processor
- Transportation & Logistics
- Ford, Seattle Team-Up to Prepare City for Electric Vehicles
- Regulators Propose New Labeling Standards For U.S. Vehicles
- Electric Car Battery Maker To Open Oregon Facility
Fuels & Processing
Albemarle officials announced August 30 that they’re hiking FCC catalyst prices 10% globally effective Oct. 1, 2010, “or as contracts allow.”
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.
Saudi Aramco is said to be reviewing its plans for a port facility and likely the grassroots refinery slated for Jizan Economic City, according to an IHS Global Insight report on August 30.Any cancellation or relocation of the port necessarily directly affects the refinery, which is dependant on maritime crude supply and product offtake in the southeast region of Saudi Arabia.
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.
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).
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.
New Zealand-based Solid Energy officials announced August 2010 that fiscal 2010 net profit after tax soared to NZ$67.8million (US$48.2 million), versus a NZ$6.5 million (US$4.6 million) net loss in the first half of the fiscal 2010 year.
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).
PSA Peugeot officials this month touted their upcoming “Peugeot 3008 Hybrid4 Crossover” as the “first diesel full-hybrid production car in the world.”
Key Market Prices
Transportation & Logistics
Ford officials announced August 26 that they’re teaming-up with the city of Seattle, Washington, to develop consumer outreach and education programs on electric vehicles (EVs).
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.
Swiss rechargeable battery maker ReVolt Technology LLC will locate its North American headquarters in Portland, Ore., following the recent approval of loans and tax incentives totaling US$6.8 million from the city and state, according to an Aug. 27 company statement.
Margins & Economics
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.
NYMEX light sweet crude for October delivery finished at US$74.70 per barrel (/bbl) on Aug. 30, down 47¢, as the dollar shifted higher against the euro and the broad equities market weakened.
U.S.-based National Association of Clean Air Agencies officials this month submitted comments supporting the U.S. Environmental Protection Agency proposal to impose new regulations on aviation gasoline containing tetra-ethyl lead.
The U.K. Department of Environment & Climate Change August 27 announced a licensing scheme for undersea carbon capture and storage.