Crude Processing

Following the startup of the Trans Mountain Expansion Project (TMX) in May 2024, US refiners, including those on the West Coast, have experienced a tightening of margins. 

The Austrian oil major has launched a new co-processing plant at its Schwechat refinery in Austria, investing approximately €200MM to produce renewable diesel blending components.

The US Department of Agriculture (USDA) has forecasted a rise in imports of low-CO2 biofuel feedstocks driven by forthcoming tax credits that incentivize fuels with reduced greenhouse gas emissions.

The recent downturn in government subsidies has sent shockwaves through the renewable diesel (RD) market, profoundly affecting profitability across various plants.

Global commodities trader Glencore has secured a contract to supply crude oil to Prax's 113K b/d Lindsey oil refinery in the UK, replacing the previous supplier, Trafigura.

RIL: India's Largest Refinery Inks Russian Oil Deal

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.