Sunoco to Close Polypropylene Plant in Bayport, Texas

Sunoco Inc. announced that it will permanently close its polypropylene manufacturing facility located in Bayport, Texas, no later than April 30, 2009. The facility can produce approximately 400 million pounds of polypropylene each year. “The decision to close the facility was made after an extensive review which demonstrated that the plant is no longer... 

Petroplus Announces an Incident at its Ingolstadt Refinery

Petroplus Holdings AG announced that an incident occurred at its Ingolstadt refinery. At approximately 23:15 Central European Time (CET) yesterday, a fire occurred at a reflux pump associated with the crude oil unit. Refinery and local emergency response teams responded to the incident and the fire was immediately brought under control and extinguished... 

Carbon Sciences Draws Interest From Oil Refineries at Istanbul CO2 Conference

Carbon Sciences Inc., the developer of a breakthrough technology to transform carbon dioxide (CO2) emissions into gasoline and other fuels, announced that representatives of oil refineries expressed a high level of interest in the company’s technology at the ACI Downstream CO2 & Energy Efficiency Forum held December 3-5 in Istanbul, Turkey. Derek... 

IFQC Ranks Top 100 Countries by Gasoline Benzene Standards; U.S. Ranks 67th

The International Fuel Quality Center (IFQC) has ranked the top 100 countries based on benzene content standards in gasoline; Colombia came in first with the earliest implementation of the lowest benzene limits. Following in second and third were Canada and Luxembourg, respectively. Benzene is found naturally in crude oil and thus passes into refined... 

Peabody Energy Earns ‘Award of Excellence’ and ‘Strategic Energy Investment of the Year’ at Global Energy Awards

An international panel of judges has presented Peabody Energy with dual honors at the 10th Global Energy Awards in New York City: The Award of Excellence honors Peabody’s industry leadership, and the Strategic Energy Investment of the Year recognizes Peabody’s global transformation to capitalize on high-growth, high-margin markets. The Award... 

CMAI’s 2009 World Butadiene Analysis Brings Focus to Uncertain Supply & Demand Outlook

Chemical Market Associates, Inc. (CMAI) announces the completion of the 2009 World Butadiene Analysis, an annual global study that covers the future outlook for supply, demand, production, capacity, trade, pricing and profitability of the global butadiene and derivatives industries for the period 2003 to 2013. Included with the analysis is access to... 

United Refining Company Increases Bank Credit Facility to $130 Million

United Refining Company (United), a leading regional refiner and marketer of petroleum products announces completion of an amendment to its secured revolving credit facility (the facility) led by PNC Bank, N.A., Agent Bank. The amendment increases the facility commitment from $100,000,000 to $130,000,000 effective November 21, 2008. The facility expires... 

Alfa Laval Wins SEK 70 Million Power Order from the Middle East

Alfa Laval, a world leader in heat transfer, centrifugal separation and fluid handling – has received an order for crude oil treatment at Rabigh gas turbine power plant in Saudi Arabia. The order value is about SEK 70 million and delivery is scheduled for 2009. “During the last month we have won two large power orders from Asia which confirms that... 

Genoil Inc. Provides Update on HYT Project Status

Genoil Inc. is providing an update on ongoing marketing and financing efforts on Genoil’s heavy oil and refinery residue upgrading project with Haiyitong Inc. (“HYT”) in China. Genoil continues to work towards the development and financing of its heavy oil and refinery residue upgrading project with HYT. Genoil had previously press... 

SulphCo Extends Technology Transfer Agreement with Industrial Sonomechanics

SulphCo, Inc. announced that it has exercised its option to extend the term of the license agreement dated November 9, 2007 with Industrial Sonomechanics, LLC (“ISM”) covering ISM’s patented ultrasound horn and reactor technology. The term has been extended to the date on which the ISM patents expire. Under the terms of the License...