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Motiva to market S-Oil’s Group III base oils in North America

Motiva Enterprises, which is 100% owned by Saudi Aramco, announced that it will take over the marketing, sales and distribution of S-Oil’s Group III base oils in North America. Before the long-term supply agreement with Motiva, Phillips 66 Company was S-Oil’s exclusive distributor in North America. The agreement will more than double Motiva’s current offering […]

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LyondellBasell to source 100% renewable feedstock from Neste

LyondellBasell, one of the world’s largest plastics, chemicals and refining companies, has signed a long-term commercial agreement with Neste, under which LyondellBasell will source a feedstock from Neste, Neste RE™, that has been produced from 100% renewable feedstock from bio-based sources, such as waste and residue oils and fats. This feedstock will be processed through […]

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Covenant Energy selects Topsoe’s renewable fuel technology

Covenant Energy, which is developing Canada’s first renewable diesel plant in Saskatchewan, has chosen Haldor Topsoe’s HydroFlex™ renewable fuel technology to produce clean diesel from canola oil. Topsoe will also provide its H2bridge™ hydrogen technology based on the modular Haldor Topsoe Convection Reformer™ (HTCR) technology. The 6,500 barrel-per-day renewable diesel unit is scheduled to be […]

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Lubrizol: Cause of fire at Chemtool facility still unknown

The cause of the fire at the Chemtool facility in Rockton, Illinois, U.S.A., on June 14 is still unknown, according to Chemtool parent Lubrizol Corporation. “We do not yet know what caused this incident, but we will be working with local authorities and with our own risk management team to determine what happened and identify […]

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Rolls-Royce to develop energy storage systems for aircraft

Rolls-Royce announced that it will be developing energy storage systems (ESS) that will enable aircraft to undertake zero emissions flights of more than 100 miles on a single charge. In order to deliver this ground-breaking technology, Rolls-Royce said it will invest GBP80 million (USD112.6 million) in energy storage systems over the next decade. The investment […]

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BASF says it will postpone IPO of Wintershall Dea

German chemical company BASF announced that it will postpone the planned initial public offering of its Wintershall Dea business until further notice. Wintershall Holding GmbH and DEA Deutsche Erdoel AG, two successful companies with a long tradition, formed Europe’s leading independent natural gas and oil company Wintershall Dea, in May 2019. Based on the current […]

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Chevron Marine Lubricants boosts presence in Africa with Akwa Group

Chevron Marine Lubricants will boost its presence in African ports after extending its joint venture with Akwa Group. Chevron is now an equal partner in Afriquia Lubrifiants, with plans to extend the blending, distribution, and marketing business beyond Morocco to markets in sub-Saharan Africa. The enhanced agreement enables the joint venture to manufacture Chevron’s premium […]

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Ergon – West Virginia refinery restarts operation after fire

Ergon – West Virginia Inc. announced yesterday that they have begun the process of restarting the refinery following the May 29 fire. Sales will be limited initially as the company rebuilds its inventory position. Located on the Ohio River at Newell, West Virginia, U.S.A., Ergon – West Virginia has a production capacity of 23,500 barrels […]

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GS Caltex launches lubricant brand for EVs

South Korea’s GS Caltex announced on June 14 the launch of Kixx EV, GS Caltex’s lubricant brand exclusively for electric vehicles (EVs). Kixx EV’s lubricant product line-up for electric vehicles include a transmission lubricating oil with gear reducer or motor reducer integrated and a cooling system lubricating oil that cools the heat generated by the […]

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Hyundai Oilbank to pursue initial public offering in 2022

Hyundai Oilbank Co Ltd, which owns and operates a 650,000 barrel-per-day (bpd) oil refinery in Daesan-eup, Seosan, Chungnam, South Korea, is pursuing its initial public offering (IPO) in 2022. Hyundai Heavy Industries Holdings Co. the largest shareholder of Hyundai Oilbank with a 74.13% stake, disclosed Monday that its board has approved the IPO plan of […]

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Australia’s Ampol to invest in developing green hydrogen

Ampol Limited, formerly known as Caltex Australia, an independent Australian company and a market leader in transport fuels, will invest at least AUD100 million (USD77.12 million) in developing new fuels over the next five years, including green hydrogen. Ampol’s strategy includes plans to reach net zero carbon emissions at its operations by 2040. Ampol has […]

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Magellan Midstream to sell its independent terminal network

Magellan Midstream Partners, L.P., based in Tulsa, Oklahoma, U.S.A., has agreed to sell its independent terminal network for USD435 million to Buckeye Partners, L.P. The network consists of 26 refined petroleum products terminals with approximately 6 million barrels of storage located primarily in the southeastern U.S. The transaction is expected to close upon the […]

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