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Andritz to Upgrade PM1 Stock Preparation Line at Mariysky Pulp and Paper Mill in Russia

Dec 13, 2017

International technology firm Andritz has been awarded a contract to upgrade stock preparation line of PM1 machine at Mariysky Pulp and Paper Mill, in Volzhsk, Russia. Under the contract, Andritz will upgrade the existing stock ...

Tags: PM1 machine, Pulp

Redpath Sugar to Expand Packaging Plant in Ontario, Canada

Aug 31, 2017

Redpath Sugar will invest C$5.2m ($4.17m) in the expansion of its dry blending and packaging plant in Belleville, Ontario to add new pouch packaging capabilities. The Canada-based cane sugar refiner will install two new customized ...

Tags: Redpath Sugar, packaging

China to Restrict Oil Product Exports in H1 2017

Mar 31, 2017

China is highly likely to restrict oil product exports in the first half of 2017 to flat or below H1 2016 levels amid growing focus on pollution control, curbing excess capacity and international trade flows, sources with knowledge of the ...

Tags: Oil Product, Crude Oil

Beijing Expected to End Oil Product Export Quotas

Dec 7, 2016

China's independent refineries likely have to rely on state-owned trading companies to export oil products in 2017 as Beijing is likely to stop awarding them quotas to export directly, informed sources said Friday. "It [stopping awarding ...

Tags: Oil Product, Refiners

Valmet to Supply Board Machine Rebuild for Arkhangelsk in Russia

Oct 11, 2016

Valmet will supply an extensive board machine and automation rebuild for Arkhangelsk Pulp & Paper Mill (PPM) in Russia. The project for the board machine 2 (BM 2) is a continuation to the pre-engineering project executed by Valmet earlier ...

Tags: Valmet, PPM, BM 2

Chinese Spot Alumina Prices Continued to Rise

Oct 4, 2016

Chinese spot alumina prices continued to rise Thursday as market sentiment remained strong, with the general expectation that levels will test higher after the Golden Week holidays. China will be closed October 1-7 for National Day ...

Tags: alumina prices, refiners

Exxonmobil Says Second Well Offshore Guyana Confirms Significant Oil Discovery

Sep 28, 2016

Exxon Mobil Corporation (NYSE:XOM) today said that drilling results from the Liza-2 well, the second exploration well in the Stabroek block offshore Guyana, confirm a world-class discovery with a recoverable resource of between 800 million ...

Tags: drilling results, Liza-2 well, significant oil discovery

Angela Braly Elected to Exxonmobil Board

Sep 28, 2016

IRVING, Texas--(BUSINESS WIRE)--Exxon Mobil Corporation (NYSE:XOM) announced today that its shareholders elected Angela Braly to its board of directors. Braly is the former chairman, president and chief executive officer of health insurance ...

Tags: Exxon Mobil, Angela Braly, board of directors

China's Crude Oil Output Sees Sharp Drop

Sep 20, 2016

China's crude oil output fell 9.9 percent year on year in August, the biggest monthly drop since 2003 as refineries slashed production amid sluggish global oil prices, data from the National Bureau of Statistics showed Monday. Imports, on ...

Tags: crude oil, oil prices

Shale Gas Industry on The Rise in China

Dec 31, 2015

In China's financial hub Shanghai, kitchen stoves now use a new energy source: shale gas, a clean energy that travels more than 1,600 kilometers to the city's homes via a series of pipelines. China has recently made breakthroughs in shale ...

Tags: Shale Gas Industry

Sinopec Acquires 10 Pct Share of Russia's Sibur

Dec 22, 2015

China's largest oil refiner Sinopec has completed a deal to acquire a 10 percent share of Russia's largest gas processing company Sibur. Under the deal, Sinopec will have the right to nominate a representative to Sibur's board of ...

Tags: Sinopec, Russia's Sibur

FOB Singapore 500 Ppm Gasoil Cash Differential Nosedives Into Discount on Supply Glut

Dec 18, 2015

The Asian gasoil market saw a sharp reversal in fortunes this month as higher exports from India and North Asia and weakness in Europe, despite the cold season, clamped shut arbitrage outflows from Asia, resulting in a buildup in supply ...

Tags: Gasoil, sulfur gasoil

Feature: US EPA Decision on Rfs Looms Large for Ethanol, Gasoline Markets

Nov 25, 2015

When Congress announced the US Renewable Fuel Standard a decade ago the aim was to combat the growing need for foreign oil as well as increase the production and promotion of clean, renewable biofuels. As 2016 approaches, and the ...

Tags: Renewable Fuel, oil, gasoline

Singapore Cracking Margin at Widest in 32 Months on Firm Naphtha, Weak Crude

Nov 24, 2015

The Singapore cracking margin against Dubai crude rose to $7.46/b Monday, its widest in 32 months, supported by firmer light distillate cracks and weaker crude, Platts data showed. It has widened from $5/b on November 1, with much of the ...

Tags: Dubai crude, gasoline, sour crude

Shandong Teapot Refiners to Ramp up Crude Imports

Nov 23, 2015

Some independent teapot refiners in China's eastern Shandong province will be ramping up crude oil imports over the next month in a bid to utilize their import quotas before the end of the year, trade sources said this week. This is ...

Tags: Teapot Refiners, crude oil

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