July 08, 2011
Volume: 3
Issue: 129

Fuels & Processing

Chinese Developer to Build Refinery and Olefins Plant in Brunei

Projects in India, a grassroots refinery in Brunei and a massive complex in China comprise our Asia project updates this issue.

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China’s JV Refinery with Chad Starts Up

A vastly underreported story emerged when the Chinese Foreign Ministry announced the start-up of a joint venture refinery in Chad, according to June 30 Xinhua news report.

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ExxonMobil’s Montana Refinery Affected by Pipeline Spill; Restart Uncertain

A ruptured crude oil supply pipeline running to a Billings, Mont., refinery has affected refinery production, and both regulators and the company have no clear timeline on a potential restart.

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Petrobras Acquires 50% of Biodiesel Plant in Rio Grande do Sul

Petrobras reported July 1 that it has acquired 50% of the capital stock of BSBIOS Indústria e Comércio de Biodiesel Sul Brasil S.A. through its wholly-owned subsidiary Petrobras Biocombustível S.A. – Pbio.

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Foster Wheeler Wins Delayed-Coker-Heater Contract from YPF-Argentina

Foster Wheeler announced July 7 that it won a contract from YPF S.A. for a delayed-coker heater for the new delayed-coking unit at YPF’s Complejo Industrial La Plata in Argentina.

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Feature

U.S. EPA Finalizes Cross-State Air Pollution Rule to Reduce Power-Plant Emissions

The U.S. Environmental Protection Agency (EPA) on July 7 finalized a rule to reduce air pollution and attain clean-air standards. The rule – known as the Cross-State Air Pollution Rule (CSAPR) – requires 27 states to significantly improve air quality by reducing power-plant emissions that contribute to ozone and/or fine particle pollution in other states.
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Key Market Prices

WTI Up on Positive U.S. Employment Data

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Electric Power

Entergy, Coulomb Launch EV-Charge Station Project at U.S. Universities

U.S. electric utility Entergy and U.S.-based electric vehicle (EV) recharge technology specialist Coulomb announced July 6 a project to install 16 free EV-charge stations at college campuses in Arkansas, Mississippi, Louisiana and Texas.

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Siemens Slashes Energy Demand 50% with ‘Revolutionary’ Desalination Scheme

German engineering conglomerate Siemens AG announced July 4 what it termed the “successful” conclusion of research and development (R&D) work on “revolutionary” electric-desalination technology that slashes energy requirements by 50%.

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Transportation & Logistics

Survey: Gasoline Vehicles Preferred; HEVs Gaining Favor

The Mineta Transportation Institute (MTI) July 5 released a research report titled, Understanding Household Preferences for Alternative-Fuel Vehicle Technologies, that explores consumer preferences among four different alternative-fuel vehicles (AFV) – hybrid electric vehicles (HEV), compressed natural gas (CNG) vehicles, hydrogen fuel cell (HFC) vehicles and electric vehicles (EV).

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U.S. Diesel-Engine Emissions Retrofits Top 20,000 in 2010

U.S.-based Manufacturers of Emission Controls Association (MECA) on July 6 announced that sales of diesel-oxidation catalysts (DOCs) and diesel-particulate filters (DPFs) for emissions retrofits totaled 20,099 in 2010.

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Margins & Economics

Crude Futures Jump US$2.02/bbl on Supportive Economic Data

NYMEX light sweet crude for August delivery finished at US$98.67 per barrel (/bbl), up $2.02 on July 7, as traders and investors grappled with various economy-related components.

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U.S. Crude, Products Post Modest Inventory Declines

U.S. crude stockpiles fell by 889,000 barrels – well below analyst forecasts – and refined product stocks declined, according to the Energy Information Administration (EIA) report for the week ended July 1.

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Public Policy

Deal Reached to End Corn Ethanol Subsidy; Extend Cellulosic Ethanol Tax Credit

Three U.S. senators have agreed to repeal the US$6-billion per-year, corn-based ethanol tax break by the end of the month – but extend tax credits for cellulosic ethanol and other alternative fuels, according to a July 7 report by The Hill congressional newspaper.

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Watchdogs Unimpressed by Revised Schedule for Boiler Toxics Rules

Legislative branch watchdogs remain dubious of ongoing efforts by the U.S. Environmental Protection Agency (EPA) to set a revised schedule for issuing updated air-toxics standards for boilers and certain solid-waste incinerators.

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