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BP to sell petrochemicals business to INEOS for $5bn

BP to sell petrochemicals business to INEOS for $5bn

Oil and gas giant BP has signed a $5 billion worth deal to sell its global petrochemicals business to INEOS Styrolution, a subsidiary of chemicals company INEOS, in a move to strengthen its balance sheet. The transaction is also said to help BP deliver its $15 billion divestment target a year earlier than the original […]

Johnson Matthey wins methanol technology contract for Technoleasing’s Amur Oblast facility

Johnson Matthey wins methanol technology contract for Technoleasing’s Amur Oblast facility

Johnson Matthey (JM) has won a methanol technology contract from Technoleasing for the new Amur Oblast facility to be built in Skovorodino, Russia. In this connection, the British specialty chemicals company will offer a license for its combined reforming methanol technology to the 3,000 metric tons per day (mtpd) methanol production plant. Johnson Matthey will […]

Syzran Refinery : Rosneft begins production of RMLS 40 marine fuel

Syzran Refinery : Rosneft begins production of RMLS 40 marine fuel

Rosneft said that the Syzran Refinery, which is a part of the refining complex of Rosneft Oil Company in the Samara region in Russia has started production of Residual Marine Low Sulphur (RMLS 40), an environmentally-friendly low-sulphur marine fuel. RMLS 40 is said to be compliant with the IMO requirements, which came into effect since […]

McDermott wins technology contract from APC for Jubail PDH plant

McDermott wins technology contract from APC for Jubail PDH plant

McDermott International has won a propane dehydrogenation (PDH) technology contract from Advanced Global Investment Company, a fully-owned subsidiary of Advanced Petrochemical (APC) for a new petrochemical complex in Jubail in Saudi Arabia. As per the contract, McDermott’s Lummus Technology will give the license and basic engineering package of a C3 CATOFIN unit to the new […]

Global Clean Energy acquires Alon Bakersfield Refinery in California

Global Clean Energy acquires Alon Bakersfield Refinery in California

Global Clean Energy Holdings (GCEH), a California-based renewable energy company,  through a subsidiary, has acquired Alon Bakersfield Properties, a subsidiary of Delek US, and the owner of the Alon Bakersfield Refinery. The total cash consideration paid by Global Clean Energy to Delek US Holdings for the acquisition was $40 million. Alon Bakersfield Refinery is an […]

Brightmark Energy to develop biogas project at four dairy farms in Florida

Brightmark Energy to develop biogas project at four dairy farms in Florida

Brightmark Energy has joined forces with four dairy farms in central Florida to develop a biogas project, which will convert 230,000 tons of dairy manure per year from 9,900 cows into renewable natural gas. The San Francisco-based waste and energy development company is partnering with four Larson family dairy farms to build and operate three […]

Shell, Valent invest in FORGE’s biofuel production plant in Sombra

Shell, Valent invest in FORGE’s biofuel production plant in Sombra

FORGE Hydrocarbons, a University of Alberta spin-off company, has secured equity investment from Shell Ventures and a follow-on contribution from Valent Low-Carbon Technologies to help develop a CAD$30 million commercial-scale, biofuel production plant in Sombra, Ontario. Shell Ventures has now joined the funders and collaborators of FORGE Hydrocarbons, which includes World Energy, Lockheed Martin, Sustainable […]

Parkland Fuel acquires petroleum marketer Kellerstrass Oil

Parkland Fuel acquires petroleum marketer Kellerstrass Oil

Parkland Fuel Corporation has wrapped up its previously announced acquisition of Utah-based regional retail dealer and commercial fuel business Kellerstrass Oil Company. The Canadian independent fuel retailing company signed the deal last month through its fully owned US subsidiaries (collectively, called Parkland USA) to acquire the US petroleum marketer. Financial terms of the deal were […]

BPCL Polyols Petrochemical Project : Fluor bags PMC services contract

BPCL Polyols Petrochemical Project : Fluor bags PMC services contract

Fluor Corporation has bagged a contract to provide project management consultancy services (PMC services) for the Polyols Petrochemical Project in Kerala, India from Bharat Petroleum Corporation (BPCL). BPCL is developing a polyols manufacturing project at its existing refinery and petrochemicals complex at Ambalamugal, near Kochi (BPCL Kochi Refinery) with an investment of INR11,300 crore ($160 million), […]

Shell wraps up $1.2bn Martinez oil refinery sale to PBF

Shell wraps up $1.2bn Martinez oil refinery sale to PBF

Martinez oil refinery sale : Equilon Enterprises, which trades as Shell Oil Products US, a subsidiary of Royal Dutch Shell, has formally wrapped up the $1.2 billion sale of the Martinez Refinery in California to PBF Holding Company, a subsidiary of PBF Energy. The sale, which was announced in July 2019, includes the oil refinery and inventory apart […]

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