nisa

Posts by nisa

Refinery of the future less focused on fuels

The future may or may not bring flying cars, robot servants and immortality, but it’s bringing exciting changes to the business of refining petroleum. Those changes are opportunities to earn higher profits for plants that recognize how to leverage existing technologies to improve flexibility, integration and communication. Integrated refineries and petrochemical plants are the “Refineries…Read more

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UK EPC firm Wood wins FEED contract for Oman’s Duqm Refinery

Duqm Refinery and Petrochemicals Industries Company (DRPIC) has awarded a contract for front-end engineering design (Feed) work on its petrochemicals complex to Wood plc, Duqm Petrochemical Project (DPP), which falls under the scope of Oman Oil Co and Orpic as the second stage of the $7bn (OMR2.69bn) Duqm Refinery integrated complex that is being developed…Read more

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Mangalore Refinery and Petrochemicals Q4 net profit at Rs 318.87 crore

The polypropylene production stood at 388 KT for 2018-19 Mangalore Refinery and Petrochemicals Ltd (MRPL) recorded a net profit of ₹318.87 crore in the fourth quarter of 2018-19 as against a profit of ₹542.08 crore in the corresponding period of the previous fiscal, registering a decline of 41.17 per cent. The gross refining margin GRM of the company…Read more

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Reliance Industries looks to strengthen petrochem business

MUMBAI: Reliance Industries (RIL) is focusing on new business-to-customer initiatives to hedge against volatility and strengthen its petrochemicals business. Under this strategy, RIL will offer end-to-end tailor-made solutions to industries to manufacture windmills, design complete railway compartments in three years, build underground tanks with a shelf life of 25 years against the present 7-8 years, replace wood with…Read more

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Ineos to invest $2B in Saudi Arabia petrochemical plants

The British petrochemical corporation Ineos has inked a deal with Saudi Aramco and Total to invest $2 billion building three plants in a petrochemical complex in Saudi Arabia. It’s the first time Ineos, started by a former executive Exxon Mobil Corp. executive and Britain’s richest person, is entering the Middle East. The three plants are…Read more

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Impending IMO 2020 pushes discounted Asian crudes into premiums

Singapore — The fast-approaching lower sulfur cap for global maritime shipping fuels pushed prices for specific ‘cheap’ crude grades into significant premiums in H1 2019, as markets prepare for the IMO 2020 kick off in January next year, sources told S&P Global Platts this month. Crude grades yielding mostly fuel oil are typically ‘heavier’ by specific…Read more

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What is biofuel; what are the advantages and disadvantages?

Confused by biofuel? Our guide explains all Biofuel is an alternative fuel to petrol and diesel, and may become more popular in the next few years as customers and manufacturers look to decrease their carbon dioxide output. Biofuel is popular in North and South America and Scandinavia, but is yet to be available in the…Read more

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Sarawak CM launches South-east Asia’s first integrated hydrogen production plant

KUCHING, May 27 — A significant milestone was achieved today for Sarawak’s Green Energy Agenda with the official launch of South-east Asia’s first integrated hydrogen production plant and refuelling station and the introduction of the state’s first hydrogen-powered vehicles. The facilities includes a plant built by state-owned power provider Sarawak Energy Berhad that produces hydrogen…Read more

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