World’s first Ethanol production refinery from bamboo to be built in India

An agreement signed between a Hyderabad-based company and a farmers’ company in Maharashtra’s Latur, for building world’s first ethanol production refinery project from bamboo with a daily capacity of 30,000 litres. The agreement was signed in Hyderabad between Nagarjuna Group, Hyderabad and Lodga Bamboo Industries in Latur district between Dr Banibrata Pande for Nagarjuna Group

Russian refineries feel the heat of buyers not taking oil products

Rosneft’s 240,000 b/d Tuapse on the Black Sea halted crude uptake March 4 because it cannot ship its production, while the company’s 342,000 b/d Ryazan refinery in central Russia has reduced the volume it is accepting. While there are no sanctions on exports of Russian crude or refined oil products, limited access to credit for

Israel to clampdown polluting oil refineries

Israel approved in principle a plan to shut down Haifa’s oil refineries and petrochemical plants, marking Israel’s first-ever planned dismantling of an industrial zone and an important step toward complying with the Paris climate change agreement. But the resolution contained no timeframe for the closure, nor was any budget approved for it. Implementing it will

Indian oil refiners are snapping up cheap Russian crude

Indian refiners are loading up on Russian oil as prices of the nation’s crude plunge to unprecedented lows. Processors from the world’s fastest-growing importer bought about 6 million barrels of Urals crude from the Black Sea port of Novorossiysk in recent days, traders said. That’s the most India has purchased in at least three years,

IOC Chairman seeks budgetary support for refiners for using green hydrogen

With oil refineries expected to be the largest consumers of green hydrogen, Indian Oil Chairman Shrikant Madhav Vaidya on Monday said that a budgetary support for the refining sector will help achieve the net zero target. Speaking at the post budget interaction of the Maharashtra industry with the Union Finance Minister Nirmala Sitharaman here, Vaidya

US refiners seek alternatives to Russian oil amid tensions

Some U.S. producers of gasoline that have relied on imports of Russian oil are looking for alternative supplies amid heightened tensions in Eastern Europe. At least two major Gulf Coast refiners are seeking to diversify their purchases of fuel oil that can be used as a feedstock to produce gasoline and diesel, according to people

Kazakhstan wants more oil output to stay at home to tackle fuel problems

Kazakhstan has asked the foreign companies operating its main oilfields to supply the domestic market so it can boost its refining industry and tackle the rising fuel prices that led to violent protests in January. Energy minister Bolat Akchkulakov said Kazakhstan can’t ramp up domestic refining without supplies from the foreign-led consortia operating its Tengiz,

HPCL eyes net zero carbon emissions by 2040

Indian state refiner Hindustan Petroleum Corp is working on a plan for net zero carbon emissions by 2040, chairman M. K. Surana said on Monday. India, the world’s third-biggest greenhouse gas emitter, is aiming to reach net zero emissions by 2070. “HPCL is in the process of developing a validated roadmap with the help of

Indian refinery to produce bioethanol from bamboo

Sulzer technology is helping to convert bamboo into bioethanol in a pioneering Indian refinery. India’s national objective of achieving self-sufficiency in energy and reducing its fossil fuel footprint is being supported by Sulzer’s expertise in pump manufacturing and refinery processes. The country’s first biorefinery, Assam Bio Refinery, built by Chempolis technology, is a new joint

China’s 2021 oil refinery output rises 4.3% to record on strong demand

China’s refinery output hit a record in 2021, up 4.3% from 2020, on robust first-half fuel demand and as refiners ramped up processing to fill a supply gap after a hefty new tax closed loopholes in blending fuel imports. Total refinery throughput last year reached 703.55 million tonnes, or 14.07 million barrels per day (bpd),