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Renewable Feed, New Technology and C2C Strategies Offer Opportunities for Refiners The TBEC series has been added to this company’s range… By Scott Jenkins | May 1, 2021 After a rough past year, petroleum refineries are seeking profit opportunities through the use of renewable feedstocks, such as vegetable oils and waste fats, as well as with new alkylation technologies and by increasing “crude-to-chemicals” (C2C) approaches The past 18 months have generally been extraordinarily challenging for the world’s petroleum refineries, as pandemic-related restrictions dramatically reduced ...

Plant Watch: Business News for April 2021 MaxxDrive industrial gear units provide high output torque from 132,000… By Mary Page Bailey | Thermo Fisher Scientific plans $600-million bioprocessing expansion March 12, 2021 — Thermo Fisher Scientific Inc. (Waltham, Mass.; www.thermofisher.com) plans to invest more than $600 million in capital investments to expand its bioprocessing production capabilities through 2022. These investments are expected to more than double the company’s current manufacturing capacity. Highlights of the investment include capacity expansions at several sites in...

by Ron Kotrba (Biobased Diesel Daily)  Austria-based oil and gas company OMV is making plans to invest 30 million euros to build a pilot plant at its Schwechat refinery outside of Vienna to produce biobased propanol from glycerin, a byproduct of biodiesel production, using a process developed inhouse. The company says the propanol can be added to gasoline to reduce its CO2 footprint. Other applications include its use as a sustainable feedstock for biochemicals production, as a replacement for petroleum-based propanol. Under Europe’s Renewable Energy Directive (RED II), glycerin is conside...

OMV Invests In 2nd-Generation Biofuel Production OMV, the integrated, international oil, gas and chemicals company headquartered in Vienna, plans to build a pilot plant at its Schwechat Refinery which will produce second-generation biofuels from 2023 using a patented process developed inhouse. The plant involves advanced biofuels that are not in competition with foodstuffs. A typical refining process will see the waste-based substance glycerin turned into bio-alcohol, which when added to gasoline reduces its CO2 footprint. “After more than five years of research, we are now investing in a �...

07.03.2021 Vienna Airport (Flughafen Wien): Covid-19 pandemic negatively impacted Flughafen Wien AG’s business results in 2020. Revenue decreased by 61.1% to Euro 333.7 mn, EBITDA by 85.9 % to Euro 54.1 mn. The Flughafen Wien Group plans to be profitable again in 2021. Sufficient liquidity has been secured to cope with all predictable crisis scenarios. From today’s perspective, the Flughafen Wien Group expects revenue of Euro 430 mn, a positive EBITDA of Euro 150 mn and a slightly positive consolidated net profit of Euro 4 mn in the 2021 financial year. “The airport operating company ...