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Phillips 66 targets high Rodeo runs

  • : Biofuels, Emissions, Oil products
  • 24/06/18

Low-carbon feedstock and sustainable aviation fuel (SAF) opportunities will support strong run rates from Phillips 66's converted renewables plant in Rodeo, California, this year, chief executive Mark Lashier said today.

The outlook heralded a high output from the converted Rodeo refinery ramping up toward 50,000 b/d of renewable diesel capacity by the end of this month, despite historic lows in state and federal incentives for the fuel.

"Where we are today, economically, yes, the credits are kind of compressed, but feedstocks are lower than we anticipated as well," Lashier told the JP Morgan Energy, Power & Renewables conference. "We still see good economic incentives to run and run full."

The US independent refiner had started up pre-treatment units at the plant to begin processing lower-carbon feedstocks for renewable diesel in July and August, he said, consistent with previous guidance.

"That's how you really make money in these assets — you get the lowest-carbon intensity feedstocks at the best value and process them through the hydrocrackers," Lashier said. "

The facility would also bring online 10,000 b/d of renewable jet fuel blendstock production supporting 20,000 b/d of blended sustainable aviation fuel, a product Phillips 66 had not targeted in the initial concept for the site, he said.

Both state and federal incentives to supply renewable diesel along the west coast have fallen as the fuel inundates those markets. Renewable diesel alone made up roughly 57pc of California's liquid diesel pool and generated 40pc of the Low Carbon Fuel Standard (LCFS) credits in the state's market-based transportation fuel carbon reduction program by the end of last year.

The supply of lower-carbon fuels, led by renewable diesel, to the west coast LCFS markets have outstripped demand for deficit-generating petroleum fuels and led to growing reserves of available credits for compliance. California amassed more than 23mn metric tonnes of credits by the end of last year — more than enough left over after satisfying all of the new deficits generated last year to offset them a second time.

The volume of unused credits has sent their price tumbling to nine-year lows. Oregon and Washington credits, which are needed for similar but distinct programs in those states, have similarly dropped as renewable diesel supplies spread out along the west coast.

Gasoline consumption generates almost all new deficits in California. Year-over-year demand for the fuel nationwide has fallen below expectations this spring, Lashier said.

"We are not really seeing things pick up like a lot of us expected to," he said.

Lower-income customers struggling with higher costs on everything they buy may have forgone vacations, he said. The drop in broader buying power meanwhile had rippled through diesel consumption, he said.

"As we move towards more expensive energy sources, that's the part of the economy that gets squeezed as well," Lashier said. "Hopefully we move through that and reverse and that part of the economy can pick up as well as the higher end of the economy."


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24/07/22

US House to vote on waterways bill

US House to vote on waterways bill

Houston, 22 July (Argus) — The US House of Representatives is expected to vote on 22 July on a waterways bill that would authorize new infrastructure projects across ports and rivers. The Water Resources Development Act (WRDA) is renewed typically every two years to authorize projects for the US Army Corps of Engineers (Corps). The bipartisan bill is sponsored by representative Rick Larsen (D-Washington) and committee chairman Sam Graves (R-Missouri). The full committee markup occurred 26 June, where amendments were added, and the bill was passed to the full House . A conference committee will need to be called to resolve the different versions of the bill. The major difference between the bills is that the House bill does not include an adjustment to the cost-sharing structure for the lock and dam construction and other rehabilitation projects. The Senate Committee on Environment Public Works passed its own version of the bill on 22 May, with all members in favor of the bill. The House version of the bill approves modifications to the Seagirt Loop Channel near the Baltimore Harbor in Maryland, along with 11 other projects and 160 feasibility studies. One of these studies is a $314.25mn resiliency study of the Gulf Intracoastal Waterway, which connects ports along the Gulf of Mexico from St Marks, Florida, to Brownsville, Texas. By Meghan Yoyotte Send comments and request more information at feedback@argusmedia.com Copyright © 2024. Argus Media group . All rights reserved.

Esso bleibt Verkauf von Miro-Anteilen untersagt


24/07/22
24/07/22

Esso bleibt Verkauf von Miro-Anteilen untersagt

Hamburg, 22 July (Argus) — Der Verkauf von Essos Anteilen an der Miro in Karlsruhe bedarf der Zustimmung von Anteilseigner Shell, so das Oberlandesgericht Karlsruhe am Montag. Dem Antrag von Shell wurde somit in letzter Instanz zugestimmt, wodurch die Übernahme von Essos Anteilen durch Alcmene aktuell nicht zustande kommt. Mit dem Rechtsspruch bestätigte das Oberlandesgericht (OLG) die Entscheidung des Landgericht Karlsruhe. Dort hatte Shell Deutschland im Januar eine einstweilige Verfügung gegen Esso Deutschland und ExxonMobil Central European Holding erwirkt, mit der die Übertragung von Anteilen an der Miro (310.000 bl/Tag) auf eine andere Gesellschaft ohne Zustimmung von Shell untersagt wurde. Für eine Übertragung von Geschäftsanteilen an der Miro benötige Esso die Zustimmung von sämtlichen Anteilseignern, so das OLG. Im Oktober 2023 hatte Esso den Verkauf ihres 25 %-igen Anteils an das österreichische Unternehmen und Liwathon-Tochter Alcmene bekanntgegeben. Eine Zustimmung bei Shell hatte sich Esso für diesen Verkauf allerdings nicht eingeholt, sodass diese Verkaufsabsicht nicht rechtmäßig war. Sowohl Shell als auch Esso und ExxonMobil legten gegen die Entscheidung im Januar Berufung ein . Letztere strebten eine vollständige Abweisung der einstweiligen Verfügung an. Shell hingegen reichte Berufung an, da ihrem Antrag auf einstweilige Verfügung nicht in allen Punkten stattgegeben wurde. Die Berufungen wurden abgelehnt. Weitere Eilanträge von Shell, die unter anderem zum Ziel hatten "jegliche Erklärung oder Handlung zu untersagen, die wirtschaftlich einer Übertragung von MiRO-Anteilen gleichkomme" wurden außerdem abgewiesen, so das OLG Karlsruhe. Das Urteil ist nun rechtskräftig und eine weitere Instanz steht nicht zur Verfügung. Shell sowie Esso kommentierten das Urteil bisher auf Anfrage von Argus nicht. Von Svea Winter Senden Sie Kommentare und fordern Sie weitere Informationen an feedback@argusmedia.com Copyright © 2024. Argus Media group . Alle Rechte vorbehalten.

Dangote refinery's diesel quality proves divisive


24/07/22
24/07/22

Dangote refinery's diesel quality proves divisive

London, 22 July (Argus) — Nigerian conglomerate Dangote Group has defended the quality of diesel output from its 650,000 b/d refinery near Lagos after the country's downstream regulator said it contained much higher levels of sulphur than imported product. Dangote said the sulphur content of its diesel is now as low as 88ppm, citing laboratory tests on a sample from the refinery's mild hydrocracking unit. The company issued the statement in response to claims from the head of the downstream regulator NMDPRA, Farouk Ahmed, that diesel from Dangote and some of Nigeria's small modular refineries lies between 650ppm and 1,200ppm. Dangote said it aims to achieve 10ppm diesel production this week, in line with Euro V specifications and lower than the 50ppm cap on west African imports, adding that the NMDPRA allows domestic refiners to produce up to 650ppm diesel until January next year. Since receiving its first crude feedstock cargo late last year, the refinery has exported low-sulphur straight run fuel oil, naphtha, gasoil and jet fuel via its offshore single point moorings, according to vessel trackers Vortexa and Kpler. The refinery also hosts its own truck-out gantries to load product for overland delivery. Farouk said the NMDPRA has not complied with a request from Dangote to suspend imports of middle distillates due to concerns around security of supply and market monopoly. Dangote has pushed back against the monopoly concerns, saying there are multiple players in the industry, including state-owned NNPC. Nigerian imports of diesel, jet fuel/kerosine, naphtha and fuel oil have declined since the Dangote refinery came online, falling to 8,600 t/d so far this year from 10,900 t/d across the whole of 2023, according to Vortexa data. Nigeria's gasoline imports have declined too, but at a slower pace — to 27,500 t/d from 30,200 t/d over the same period — reflecting the fact Dangote's gasoline production units have yet to start up. By George Maher-Bonnett and Adebiyi Olusolape Send comments and request more information at feedback@argusmedia.com Copyright © 2024. Argus Media group . All rights reserved.

German diesel prices drop with demand low


24/07/22
24/07/22

German diesel prices drop with demand low

Hamburg, 22 July (Argus) — German middle distillate prices fell in the week to 19 July, as declining Ice gasoil futures coupled with low domestic demand. The extent of the price drop varied significantly across regions. Traders in areas with the lowest prices made only minor downward adjustments, while prices fell most sharply in those regions that were relatively expensive. This is because of varying supply and demand situations. At the Miro consortium's 310,000 b/d Karlsruhe refinery, oversupply of diesel has been decreasing steadily in recent weeks. The build up has led to a significant price drop at the end of June, but suppliers no longer seem compelled to significantly lower their prices to attract buyers. In southern Germany at Shell's 334,000 b/d Rhineland refinery, spot supply of diesel is being rationed. Scheduled maintenance work at the Bayernoil consortium's 215,000 b/d Neustadt-Vohburg refinery and a resulting shortage of spot offers are cushioning the price drop. Around the Rhineland refinery the price decrease was relatively small, as a previously defective plant for diesel production in the 147,000 b/d Wesseling part of the plant was only ramped up at the beginning of the past week. Spot offers will be limited until stocks are refilled, traders said. The largest price drop was in northern Germany, again primarily a result of diesel oversupply. Imports of diesel into northern Germany in July are at their lowest since February, as domestic supply is sufficient to meet regional demand. An importer said demand is so low that contract volumes imported by cargo are barely being sold. Another importer has reduced its barge term volumes in view of weak diesel demand. Importers are worried that the situation will not change fundamentally until at least autumn, when maintenance work begins at TotalEnergies' 236,000 b/d Leuna refinery and at the 187,000 b/d Godorf section of the Rhineland complex. By Johannes Guhlke Send comments and request more information at feedback@argusmedia.com Copyright © 2024. Argus Media group . All rights reserved.

Газпром нефть направляет битум на собственное дорожное строительство


24/07/22
24/07/22

Газпром нефть направляет битум на собственное дорожное строительство

Moscow, 22 July (Argus) — Газпром нефть расширила географию поставок битумных материалов внутри России, объединив битумное производство с услугами по строительству и ремонту дорог. В текущем году компания Газпромнефть – Дорожное строительство обустроит 150 км автомобильных покрытий в Пермском крае, используя битум, произведенный на мощностях Газпром нефти, сообщили в компании. С 2021 г. компания выполнила устройство 400 км участков автомобильных трасс в 11 регионах России. Газпромнефть – Дорожное строительство входит в периметр битумного бизнеса Газпром нефти наряду с компанией Газпромнефть – Битумные материалы. Газпром нефть производит гудрон и битум на Московском и Омском НПЗ, на мощностях Ярославского НПЗ Славнефти и на специализированных заводах в Рязанской, Смоленской и Ростовской областях. Кроме того, компания использует для выпуска битумных материалов сторонние процессинговые площадки – одна из них расположена в Перми. По данным Газпром нефти, на строительстве дорог в Пермском крае используется 50 тыс. т/год битумных вяжущих из ресурса компании. Часть этого объема битумных вяжущих Газпром нефть направляет на собственный асфальтобетонный завод в Перми мощностью 200 тыс. т/год готовой продукции. В текущем году асфальтобетон с данного завода используется для обустройства участков федеральных трасс М-7 Волга и Р-242 Пермь – Екатеринбург и участков региональных автодорог Пермь – Березники и Большая Соснова – Частые, сообщил генеральный директор компании Газпромнефть – Дорожное строительство Михаил Поздняков. При производстве асфальтобетона в Перми Газпром нефть использует в том числе полимерно-битумные вяжущие материалы (ПБВ), которые позволяют увеличить стойкость дорожного полотна к образованию колеи. Компания Газпромнефть – Дорожное строительство создана в 2021 г. Пилотными проектами компании стали автодороги на месторождениях Газпром нефти в Ханты-Мансийском и Ямало-Ненецком автономных округах. Позднее компания приступила к устройству асфальтобетонных оснований и покрытий на региональных и федеральных трассах. Газпромнефть – Дорожное строительство производит асфальтобетон, рецептура которого учитывает особенности конкретной магистрали, и располагает собственным парком специализированной дорожной техники. Вы можете присылать комментарии по адресу или запросить дополнительную информацию feedback@argusmedia.com Copyright © 2024. Группа Argus Media . Все права защищены.

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