IIR Top Refining News Today: December 16th 2020
Industry Segment: Petroleum Refining | Word Count: 221 Words
Deer Park Refining, on Monday, December 14, restarted the 38,500-BBL/d Jet/Diesel Hydrotreater (HDU-1) at it 340,000-BBL/d Deer Park, Texas, refinery
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“Browse 91 market data Tables and 55 Figures spread through 156 Pages and in-depth TOC on “Sulfuric Acid Market””
Sulfuric Acid Market by Raw Material (Elemental Sulfur, Base Metal Smelters, Pyrite Ore and Others), Application (Fertilizers, Chemical Manufacturing, Metal Processing, Petroleum Refining, Textile Industry, Automotive, Pulp & Paper and Others) and Region
Global sulfuric acid market is projected to reach USD 11.10 billion by 2021, at a CAGR of 2.87% during the forecast period. It is projected to reach 278.33 million tons by 2021, at a CAGR of 2.20% during the forecast period. This growth can be attributed to the increase in the production of nutrient rich food crops, which extensively use fertilizers, the largest application of sulfuric acid, and steady demand for sulfuric acid due to its diversified applications.
Phillips 66 Reduces Capital Spending for 2021
Industry Segment: Petroleum Refining | Word Count: 761 Words
SUGAR LAND December 15, 2020 Researched by Industrial Info Resources (Sugar Land, Texas) With COVID-19 numbers at a record high in the U.S., midstream companies have had a tough year and are bracing for an uncertain post-pandemic world where the game has changed. To this end, it should come as little surprise that midstream company Phillips 66 (NYSE:PSX) (Houston, Texas) is lowering its capital spending in the upcoming year, setting the forecast at $1.7 billion, more than 40% lower than this year s spending.
Other companies featured: Plains All American Pipeline (NYSE:PAA)
Total Converting French Grandpuits Refinery into Bio Plant
Industry Segment: Petroleum Refining | Word Count: 905 Words
GALWAY, IRELAND December 14, 2020 Written by Martin Lynch, European News
Editor for Industrial Info (Galway, Ireland) French oil and gas major Total SE has announced plans to convert its Grandpuits oil refinery in France into a zero-crude refinery to produce biofuels and bioplastics.
Within this article: Details overhaul of refinery, end of oil refining, new units, investment, partners, timelines
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