Crude Processing

The Dangote refinery in Nigeria is actively pursuing a long-term supply of US crude while domestic crude is in surplus.

Mexican state energy company Pemex has begun supplying its new Olmeca refinery with only 16.3K b/d of crude oil, representing less than 5% of the refinery's total capacity.

hte, a German high throughput experimentation company owned by BASF, secured a contract with NEN, the Royal Dutch Standardization Institute, to conduct R&D services focused on fluid catalytic cracking (FCC).

The US has seen a significant increase in renewable diesel production, from 791MM gal/y (51.6K b/d) in 2021 to 3B gal/y (195.7K b/d) by 2023, leading to an oversupply and driving Renewable Identification Numbers (RINs) prices to a five-year low.

The future of renewable diesel appears uncertain in the US, with two companies taking opposite approaches in the face of economic challenges.

Renewable diesel (RD) is a promising alternative to traditional diesel fuel in the US, but its economic viability faces significant challenges.

The Southeast Asian country is charting a course towards leveraging biomass from its palm oil industry to fuel the production of advanced fuels.

The Polish oil refiner Orlen has canceled its contracts for purchasing crude and oil products from Venezuela following the reinstatement of US sanctions, a decision underscored by significant financial losses and logistical challenges.

Nigeria's ambitious Dangote Group refinery, a $20B project, has encountered significant logistical and financial issues that impede its operation.

On the downside, this shift will erode the margins on what once was cheap Canadian crude oil for US refiners.