Renewables projects in Europe | Hellenic Shipping News Worldwide hellenicshippingnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from hellenicshippingnews.com Daily Mail and Mail on Sunday newspapers.
Austria’s OMV will strive to become a “leading producer of sustainable fuels and chemical feedstock in Europe” and aims to reduce fossil fuel processing, the company said. OMV said fossil fuel processing at its European refineries will “decline significantly” in terms of volumes and margins as it focuses on renewable fuels and sustainable chemical feedstocks. .
REFINERY NEWS ROUNDUP: Some maintenances in Europe complete | Hellenic Shipping News Worldwide hellenicshippingnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from hellenicshippingnews.com Daily Mail and Mail on Sunday newspapers.
New and revised entries Spain s Petronor said May 20 it is restarting the platforming unit in plant 2 following maintenance that started May 14. The company said May 17 it was restarting the turbo expander energy recovery unit from the refinery s FCC unit. The unit was halted May 4. The refinery currently has been operating at 40% of capacity since the CDU in plant 2 of the refinery was halted Nov. 20, 2020, due to market conditions. Poland s second largest refiner Grupa Lotos said May 13 a partial maintenance shutdown at its Gdansk refinery has been completed. All the work was done safely and on budget, Lotos said in a statement. The maintenance shutdown began on Feb. 26 with the shutdown of the delayed coker unit. In total, 16 units were shut, including the mild hydrocracking, CDU/VDU, heavy oil processing and hydrogen production plant, Lotos said. The installations resumed operations in early April. In the second stage of the maintenance, which began last month, three lu
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Spain s largest refiner Repsol said it sees refining margins widening in the remainder of the year amid a pickup in activity after the country s state of alert ended May 9. The refining margin is seen averaging $2/b for the full year, rising from 20 cents/b in Q1 and around $1.20/b in April. The company said it made a premium of 60 cents/b over benchmark in Q1 but did not make a forecast for a premium going forward. Its Spanish refinery utilization rate was 76.3% in Q1, down from 82.4% in Q1 2020 but higher than a 73.7% rate in fourth-quarter 2020. The company has reacted by closing a portion of its capacity through 2020 and 2021, taking its Spanish conversion rate down to 81.6% in Q1 from 100.4% in Q1 2020. Repsol also changed some of its contracted positions from a CIF basis to an FOB basis, which has also depressed margins. But while three refineries have tempora