Wall Street up on energy shares after Japan quake

Stocks rose on Friday, led by gains in energy shares after Japan’s biggest earthquake on record hurt the country’s oil refining capacity, but trade was choppy as investors tried to weigh the quake’s economic impact. The 8.9 magnitude quake that struck the northeast coast of Japan, the world’s third largest economy, triggered... 

Unique Safety Milestone Celebrated by Colonial Pipeline

Colonial Pipeline today celebrated 10 million hours of employees working without a lost work-time injury. The safety milestone represents more than seven years of employees working safely. In congratulating employees, Colonial CEO Tim Felt reminded that working safely is a job that starts fresh every day. “We are rightfully proud of this accomplishment,... 

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... 

CHS Success in 2008 Founded on Vision, Stability

Leaders of CHS Inc., one of the nation’s leading energy, grains and foods companies, attributed strong 2008 performance to maintaining financial stability and disciplined-growth during a period of unprecedented market volatility. “After five consecutive years of record results — the combination of our own hard work, growth and what... 

CHS Announces Mankato Sibley Park Sponsorships

The City of Mankato marked the opening today of Sibley Park’s Story Book Farm, and announced that the CHS Oilseed Processing plant, Mankato, is donating $100,000 to develop two other Sibley Park attractions. The CHS sponsorship will be used to construct a pergola and to develop the existing rock garden. CHS operates soybean crushing and refining... 

Equistar to Temporarily Idle Olefin Unit

Equistar Chemicals, LP, will temporarily idle the olefin unit at La Porte, Texas, due to declining market and economic conditions. The La Porte olefin unit is expected to remain out of service until early 2009. The plant has a nameplate capacity of 1.7 billion pounds per year of ethylene and 700 million pounds of propylene. “We have elected to... 

Rive Technology to Open Catalyst R&D Facility in Princeton, NJ

Rive Technology, a leading catalyst engineering company for the petroleum refining industry, announced today that it will commence operations of a 10,000 square foot research and development facility in Monmouth Junction, New Jersey this November. Rive Technology is the developer of proprietary zeolite catalyst technology that expands characteristically... 

Hess Launches C-Neutral Energy Program

Hess Corporation announced the launch of its Hess C-Neutral program to commercial, industrial and institutional customers. Hess C-Neutral is a carbon-neutral energy program for natural gas, electricity and fuel oil. Through C-Neutral, Hess engineers calculate the carbon emissions associated with a customer’s energy usage and include enough carbon... 

SemGroup to Sell Fuel Storage Facility in Wales; Largest Facility of its Kind in U.K. Provides Strategic Location for Distribution to Major Markets

SemGroup, L.P. announced its plans to evaluate offers to sell its wholly-owned subsidiary, SemLogistics Milford Haven Limited, which operates the largest independent fuel storage facility in the United Kingdom. Located in Milford Haven on the west coast of Wales, the facility provides 8.5 million barrels of commercially active storage capacity and serves... 

UOP and Ensyn to Form Joint Venture to Offer Second-Generation Biomass Technology

UOP LLC, a Honeywell company, announced today that it has signed a letter of intent with Ensyn Corp to form a joint venture to offer technology and equipment to convert second-generation biomass into oil for power generation, heating fuel and eventually for conversion into transportation fuels. UOP and Ensyn expect to finalize terms for the venture...