Refinery Industry News

• OMV Petrom Invests EUR 750 Million to Produce Sustainable Fuels in Southeast Europe

  11 June 2024

  Biobased & CircularRefineryEnergy

  

  Investing EUR 750 million, a new plant will produce 250 kt/year of sustainable fuels by 2028, including SAF, HVO, and green hydrogen, reducing CO2 emissions by at least 70%.
• Covestro Invests in BioBTX for Innovative Recycling Technology

  19 June 2024

  Base chemistryBiobased & CircularRefinery

  

  Covestro's investment supports a demonstration plant in the Netherlands to produce chemicals from plastic waste, advancing circular economy goals and enhancing chemical recycling technology.
• bp to transform Gelsenkirchen refinery for lower-emission fuel production

  6 March 2024

  RefineryEnergy

  

  The Gelsenkirchen refinery will reduce complexity, shut down parts, and convert plants to process biogenic materials, aiming to cut CO2 emissions by up to 500,000 tonnes annually from 2026.
• KT (MAIRE) secures €123M contract from Eni for hydrogen unit at Livorno biorefinery

  21 February 2024

  Biobased & CircularRefineryEnergy

  

  The €123M project, set for completion in 2026, will produce hydrogen from natural gas and biogenic feedstocks, aiding biofuel production and future CO2 capture at Eni's Livorno biorefinery.
• Europe Risks Offshoring Industry, Jobs, and Emissions

  20 February 2024

  Base chemistryPolymersSteam crackerRefinery

  

  Sir Jim Ratcliffe urges the EU to address high energy costs, carbon taxes, and lack of renewal in the chemical sector to prevent further offshoring and industrial decline.

• Minister Demir Approves INEOS' Project ONE in Antwerp

  7 January 2024

  Refinery

  

  The environmental permit approval enables the construction of Europe's most sustainable ethane cracker, significantly reducing carbon emissions and supporting the renewal of the chemical cluster in Flanders.
• Neste to Transform Porvoo Refinery into Renewables Hub

  20 December 2023

  Base chemistrySpecialtiesBiobased & CircularPolymersRefineryEnergy

  

  The Porvoo refinery will shift to producing 3 million tons of renewable and circular products by the mid-2030s, requiring 2.5 BEUR in investments, driven by declining fossil fuel demand and climate goals.
• ExxonMobil's Fawley Refinery Investment Enhances UK Energy Security

  1 December 2023

  RefineryEnergy

  

  The new low-sulphur diesel facility at Fawley will boost production by 40%, reduce imports, support 400 construction jobs, and lay groundwork for lower-carbon fuels with a new hydrogen plant.
• Neste receives energy investment aid for green hydrogen project

  28 November 2023

  Biobased & CircularRefineryIndustrial gasses

  

  The Finnish Ministry granted EUR 1.96M for a 120MW electrolyzer project at Porvoo refinery. The project aims to produce green hydrogen and recover heat for district heating. Decision expected in 2024.
• TotalEnergies Acquires Renewable Aggregator Quadra Energy

  26 October 2023

  Refinery

  

  The acquisition strengthens TotalEnergies' power business in Germany, leveraging Quadra Energy's expertise, weather-forecasting platform, and local developer knowledge to enhance trading and marketing activities.
• thyssenkrupp nucera and Neste Reserve 120 MW Electrolyser Capacity for Porvoo Refinery

  10 October 2023

  Biobased & CircularRefineryIndustrial gasses

  

  The agreement includes six 20 MW modules for green hydrogen production at Porvoo refinery, aiming for sustainability by 2030. Neste also explores using thermal energy for district heating.
• INEOS Acquires TotalEnergies' Petrochemical Assets in Southern France

  5 July 2023

  Base chemistryPolymersRefineryEnergy

  

  The acquisition includes steam crackers, aromatics, polypropylene businesses, and ethylene pipelines. It aims to enhance competitiveness and support Net Zero 2050 goals, pending regulatory approval.
• La Mède: Future Energy Hub

  26 June 2023

  Base chemistryBiobased & CircularPolymersRefineryEnergyIndustrial gasses

  

  La Mède produces HVO biodiesel, AdBlue, Avgas, and recycled fuels. It features a solar farm, logistics hub, training center, and microalgae test platform, focusing on sustainability and CO2 reduction.
• Irving Oil Reviews Whitegate Refinery's Future

  7 June 2023

  Refinery

  

  The company is considering options including a sale of key assets. The review, driven by industry challenges, could impact Ireland's energy security. The government is monitoring the situation.
• OMV Petrom Secures NPRR Funding for Green Hydrogen Production in Romania

  22 May 2023

  Biobased & CircularRefineryEnergyIndustrial gasses

  

  The project will build a 20 MW hydrogen production capacity at the Petrobrazi refinery, powered by renewable energy, reducing CO2 emissions by 70%. Completion is expected in 2025.
• Neste Advances Renewable Hydrogen Project in Porvoo

  3 May 2023

  Biobased & CircularRefineryIndustrial gasses

  

  The project moves to basic engineering, with production potentially starting in 2026. It aims to replace fossil-based hydrogen and generate renewable heat for district heating.
• Petrofac Wins EPC Contract for Mažeikiai Refinery Upgrade

  26 April 2023

  Base chemistryRefineryEnergy

  

  The project, under €200M, includes design, procurement, construction, and commissioning of new facilities to enhance cleaner fuel production and operational efficiency at the Mažeikiai Refinery.
• OMV Petrom Begins Turnaround at Petrobrazi Refinery

  14 April 2023

  Refinery

  

  The six-week turnaround involves 6,000 workers, 25 contractors, and €80M for modernization and safety checks on equipment, ensuring continuous fuel supply.
• Air bp Sells First ISCC EU Sustainable Aviation Fuel from Castellon Refinery

  3 March 2023

  Biobased & CircularRefineryEnergy

  

  LATAM Cargo Chile completed the first flight using ISCC EU SAF from Spain to North America. The fuel, co-processed with fossil feedstocks, aims to cut carbon emissions by 80%.
• Ercros' New Sodium Chlorite Plant Now Operational in Sabiñánigo

  16 February 2023

  Base chemistryRefinery

  

  The new plant doubles production capacity, making it the largest in Europe, with over 75% of output destined for international markets.
• INEOS Secures €3.5 Billion for Europe's Greenest Cracker in Antwerp

  13 February 2023

  Refinery

  

  The new Antwerp cracker will have the lowest carbon footprint in Europe, use low carbon hydrogen, and create 450 jobs. Supported by 21 banks, the €3.5B financing includes €1.5B uncovered debt.
• Prax Lindsey Oil Refinery Unveils £300M Carbon Capture Project

  1 February 2023

  Biobased & CircularRefineryIndustrial gasses

  

  The £300M project will capture 85% of on-site CO2, storing over 1 million tonnes annually from 2028. It uses proven amine solvent technology and aligns with Humber's 2030 Vision for decarbonization.
• INEOS Begins Construction of Ethane Cracker in Antwerp

  16 December 2022

  Refinery

  

  A symbolic sheet pile was driven in Antwerp, marking the start of a major ethane cracker project. The plant will employ thousands, produce ethylene sustainably, and is set to be operational by 2026.
• Essar Oil UK to Build £360M Carbon Capture Plant

  30 November 2022

  Base chemistryRefineryEnergy

  

  Essar plans a £360M carbon capture plant at Stanlow refinery, aiming to cut CO2 by 0.81M tons/year by 2027, as part of a broader £1B investment in decarbonization and hydrogen initiatives.
• PKN ORLEN and Aramco Finalize Three Transactions in Poland

  30 November 2022

  Base chemistryRefineryEnergy

  

  The deals involve refining, wholesale, and plane fuel businesses, with Aramco supplying 45% of crude oil. A joint development agreement for a potential Gdansk project was also signed.
• Maire Tecnimont Secures €80M EPCM Contract at Corinth Refinery

  28 November 2022

  Base chemistryRefineryIndustrial gasses

  

  The €80M contract involves engineering, procurement, and construction management for a new C3 splitter unit to produce polymer-grade propylene at the Corinth Refinery in Greece.
• Eni Explores Third Bio-Refinery in Livorno

  17 October 2022

  Base chemistryBiobased & CircularRefineryEnergy

  

  Eni is studying the feasibility of a new bio-refinery in Livorno, focusing on hydrogenated biofuel production, leveraging existing infrastructure, and aiming for decarbonization and employment stability.