Eni Sustainable Mobility and PBF Energy Inc. today announced they have entered into definitive agreements to partner in a 50-50 joint venture, St. Bernard Renewables LLC (SBR), for the biorefinery currently under construction co-located with PBF’s Chalmette Refinery in Louisiana (US). Upon consummation of the transaction, which is subject to customary closing conditions, including regulatory approvals, Eni Sustainable Mobility will contribute capital totaling $835 million plus up to additional $50 million that is subject to the achievement of eventual project milestones and will provide expertise in biorefining operations, supply and marketing. PBF brings its strong industrial know-how in the United States and, as the contributor of the biorefinery, will continue to manage project execution and serve as the operator once construction is complete. The St. Bernard Renewables biorefinery startup is scheduled in the first half of 2023 and the facility is currently targeted to have processing capacity of about 1.1 million tonnes/year of raw materials, with full pretreatment capabilities. It will produce mainly HVO Diesel (Hydrotreated Vegetable Oil, commonly known as ‘renewable diesel’ in North America), with a production capacity of 306 million gallons per year. The biorefinery will use the Ecofining™ process developed by Eni in cooperation with Honeywell UOP.
This strategic partnership will leverage the experience and expertise of Eni Sustainable Mobility and PBF. Together with Ecofining™ technology, Eni brings its experience in biorefining that led to the world’s first conversion of a refinery into a biorefinery in Porto Marghera (Venice) in 2014, and to the second converted biorefinery that has been working in Gela (Sicily) since 2019. The company also provides its worldwide knowledge in supplying sustainable feedstock sourcing for HVO, mainly based on oily waste and residues, and raw materials that do not compete with the food chain, coupled with access to international markets beyond PBF’s footprint in the United States. PBF brings experience in large capital project execution and fuels manufacturing as well as access to the California renewables market through its existing logistics assets. The joint venture reflects both partners' commitment to deliver more sustainable transportation fuels using low carbon intensity feedstocks.
“Joining St. Bernard Renewables biorefinery project enables Eni to enter into US biofuels growing market together with a strong partner such as PBF. This is a further step for Eni Sustainable Mobility to expand its biorefining capacity, that today is over 1 million tonnes/year and it is planned to grow in the upcoming years. Following results achieved in Venice and Gela, Eni Sustainable Mobility is a pioneer in the biorefining industry, and it is also studying possible construction of two new biorefineries in Italy and in Malaysia. We do believe the role of HVO will strongly contribute to decarbonization of road transports, including hard to abate heavy duty sector, as it leverages existing infrastructure and can immediately fuel existing vehicle fleets. Biofuels are part of Eni strategy to achieve carbon neutrality by 2050 through the reduction of the emissions generated during the entire products life cycle”, Stefano Ballista, CEO of Eni Sustainable Mobility, said.
"We're excited to enter this strategic partnership with Eni Sustainable Mobility, a global leader in biorefining. The SBR biorefinery will benefit greatly from PBF and Eni’s complementary strengths and expertise. The project will utilize existing processing infrastructure and diverse inbound and outbound logistics and is ideally situated to support growing demand for low-carbon fuels,” said PBF President Matthew Lucey. “Our partnership with Eni signals a major milestone for PBF and demonstrates our commitment to contributing diversified sources of energy to the global mix while lowering the carbon intensity of our operations and the products we manufacture."
SBR will operate as an independent entity with feed procurement and product distribution managed by a dedicated team working on behalf of the St. Bernard Renewables joint venture. While the partnership is set to benefit from its co-location with PBF’s Chalmette refinery through a variety of shared services, the operations and ownership of the Chalmette refinery will not be affected by the formation of the partnership.
Thursday, 16 February 2023
Monday, 30 January 2023
Technip Energies Awarded Contract to Upgrade Aramco’s Sulfur Recovery Facilities at Riyadh Refinery
Technip Energies as part of its long-term agreement with Aramco – has been awarded a contract to upgrade sulfur recovery facilities at Aramco’s Riyadh Refinery.
This contract covers the implementation of three new tail gas treatment (TGT) units, improving the performance of the existing three sulfur recovery units (SRU) to comply with more stringent regulations for sulfur dioxide emissions, with recovery efficiency at more than 99.9%.
The project will be executed locally, leveraging Saudi economic resources and infrastructure.
The existing sulfur recovery units in the Riyadh refinery were designed and built by Technip Energies in the early 2000s.
Bhaskar Patel, SVP Sustainable Fuels, Chemicals & Circularity of Technip Energies, commented: “We are pleased to be entrusted by Aramco to work on the upgrading program of their refinery in Riyadh. By leveraging our long-standing relationship, which has been in place since the mid-1990s, we are committed to make this project another success, while utilizing local resources and supply chain.”
Note: this award is included in the Company’s fourth quarter 2022 financial results.
This contract covers the implementation of three new tail gas treatment (TGT) units, improving the performance of the existing three sulfur recovery units (SRU) to comply with more stringent regulations for sulfur dioxide emissions, with recovery efficiency at more than 99.9%.
The project will be executed locally, leveraging Saudi economic resources and infrastructure.
The existing sulfur recovery units in the Riyadh refinery were designed and built by Technip Energies in the early 2000s.
Bhaskar Patel, SVP Sustainable Fuels, Chemicals & Circularity of Technip Energies, commented: “We are pleased to be entrusted by Aramco to work on the upgrading program of their refinery in Riyadh. By leveraging our long-standing relationship, which has been in place since the mid-1990s, we are committed to make this project another success, while utilizing local resources and supply chain.”
Note: this award is included in the Company’s fourth quarter 2022 financial results.
Friday, 27 January 2023
Imperial Approves $720 million for Largest Renewable Diesel Facility in Canada
Imperial (TSE: IMO, NYSE American: IMO) said today it will further help Canada achieve its net zero goals by investing about $720 million (USD $560 million) to move forward with construction of the largest renewable diesel facility in the country. The project at Imperial’s Strathcona refinery near Edmonton is expected to produce more than one billion litres of renewable diesel annually primarily from locally sourced feedstocks and could help reduce greenhouse gas emissions in the Canadian transportation sector by about 3 million metric tons per year, as determined in accordance with Canada’s Clean Fuel Regulation. Regulatory approval for the project is expected in the near term.
“Imperial supports Canada’s vision for a lower-emission future, and we are making strategic investments to reduce greenhouse gas emissions from our own operations and to help customers in vital sectors of the economy reduce their emissions,” said Brad Corson, Imperial chairman, president and chief executive officer. “The investment at our Strathcona refinery will deliver immediate benefits to the local economy creating jobs and contributing to a lower-emission energy future for our employees, neighbours and communities.”
The renewable diesel project was first announced in August 2021, with the Province of British Columbia supporting this project through a Part 3 Agreement under the BC low carbon fuel standard. A significant portion of the renewable diesel from Strathcona will be supplied to British Columbia in support of the province’s plan to lower carbon emissions. Imperial also intends to use renewable diesel in operations as part of the company’s emission reduction plans.
Imperial’s renewable diesel facility will use low-carbon hydrogen produced with carbon capture and storage technology to help Canada meet low emission fuel standards. Imperial has entered into an agreement with Air Products for low-carbon hydrogen supply and is developing agreements with other third parties for biofeedstock supply. The low-carbon hydrogen and biofeedstock will be combined with a proprietary catalyst to produce premium lower-emission diesel fuel and will reduce greenhouse gas emissions relative to conventional fuels.
Site preparation and initial construction are underway. Renewable diesel production is expected to start in 2025. The project is expected to create about 600 direct construction jobs, along with hundreds more through investments by business partners.
“Imperial supports Canada’s vision for a lower-emission future, and we are making strategic investments to reduce greenhouse gas emissions from our own operations and to help customers in vital sectors of the economy reduce their emissions,” said Brad Corson, Imperial chairman, president and chief executive officer. “The investment at our Strathcona refinery will deliver immediate benefits to the local economy creating jobs and contributing to a lower-emission energy future for our employees, neighbours and communities.”
The renewable diesel project was first announced in August 2021, with the Province of British Columbia supporting this project through a Part 3 Agreement under the BC low carbon fuel standard. A significant portion of the renewable diesel from Strathcona will be supplied to British Columbia in support of the province’s plan to lower carbon emissions. Imperial also intends to use renewable diesel in operations as part of the company’s emission reduction plans.
Imperial’s renewable diesel facility will use low-carbon hydrogen produced with carbon capture and storage technology to help Canada meet low emission fuel standards. Imperial has entered into an agreement with Air Products for low-carbon hydrogen supply and is developing agreements with other third parties for biofeedstock supply. The low-carbon hydrogen and biofeedstock will be combined with a proprietary catalyst to produce premium lower-emission diesel fuel and will reduce greenhouse gas emissions relative to conventional fuels.
Site preparation and initial construction are underway. Renewable diesel production is expected to start in 2025. The project is expected to create about 600 direct construction jobs, along with hundreds more through investments by business partners.
Monday, 9 January 2023
Lukoil Concludes Agreement on Sale Of ISAB Refinery In Italy
PJSC LUKOIL announces that LITASCO S.A., 100% subsidiary of LUKOIL, and G.O.I. ENERGY LIMITED (hereinafter "G.O.I. ENERGY") reached an agreement regarding the sale of ISAB S.r.L. (hereinafter "ISAB") to G.O.I. ENERGY. The transaction is planned to be completed by the end of March 2023 upon fulfilment of certain conditions precedent including receipt of necessary approvals of competent authorities, particularly the Italian Government.
ISAB S.r.L. owns a large petrochemical complex in Italy combining refining, gasification and electricity cogeneration plants.
For the efficient operation of the complex after its acquisition G.O.I. ENERGY formed a partnership with TRAFIGURA, one of the world's largest international traders of oil and petroleum products, which secures uninterrupted feedstock supplies to the refinery and provides for production offtake as well as necessary working capital level. The new owner will retain jobs and ensure health and safety conditions.
ISAB S.r.L. owns a large petrochemical complex in Italy combining refining, gasification and electricity cogeneration plants.
For the efficient operation of the complex after its acquisition G.O.I. ENERGY formed a partnership with TRAFIGURA, one of the world's largest international traders of oil and petroleum products, which secures uninterrupted feedstock supplies to the refinery and provides for production offtake as well as necessary working capital level. The new owner will retain jobs and ensure health and safety conditions.
Monday, 28 November 2022
Maire Tecnimont awarded €80 Million EPCM refining contract in Greece
Maire Tecnimont S.p.A. announces that its subsidiary KT – Kinetics Technology S.p.A. has been awarded an EPCm (Engineering, Procurement & Construction Management) contract by Motor Oil Hellas (MOH) for a new C3 splitter unit to be implemented inside the Corinth Refinery, in Greece. MOH is a leading oil refining company in Greece and a key market player in Southern Europe and the Mediterranean region.
The contract value is equal to €80 million and relates to the execution of a new C3 splitter unit aimed at separating the mixture of propane and propylene coming from the existing fluid catalytic cracking unit in order to produce polymer grade propylene, one of the most important building blocks for the entire chemical industry.
The contract's scope of work includes full engineering activities and supply of all materials and equipment as well as construction supervision services, while construction activities will be carried out by subcontractors directly selected by the client, under KT-Kinetics Technology’s responsibility and management. The Corinth Refinery is among the most complex refineries of its kind in Europe and processes crude oil of various characteristics to produce a full range of high-end products.
Alessandro Bernini, Maire Tecnimont Group Chief Executive Officer, commented: “This important award represents a new significant step to strengthen the business relationship with a leading player such as MOH, thanks to our technological know-how and process expertise, which will ensure the best environmentally performing standards. We are glad to support the industrial development plans envisaged by MOH, as it is set to play an increasingly strategic role in the energy transition in the Mediterranean region”.
The contract value is equal to €80 million and relates to the execution of a new C3 splitter unit aimed at separating the mixture of propane and propylene coming from the existing fluid catalytic cracking unit in order to produce polymer grade propylene, one of the most important building blocks for the entire chemical industry.
The contract's scope of work includes full engineering activities and supply of all materials and equipment as well as construction supervision services, while construction activities will be carried out by subcontractors directly selected by the client, under KT-Kinetics Technology’s responsibility and management. The Corinth Refinery is among the most complex refineries of its kind in Europe and processes crude oil of various characteristics to produce a full range of high-end products.
Alessandro Bernini, Maire Tecnimont Group Chief Executive Officer, commented: “This important award represents a new significant step to strengthen the business relationship with a leading player such as MOH, thanks to our technological know-how and process expertise, which will ensure the best environmentally performing standards. We are glad to support the industrial development plans envisaged by MOH, as it is set to play an increasingly strategic role in the energy transition in the Mediterranean region”.
Saturday, 5 November 2022
Eni considers the possibility of building a third bio-refinery in Livorno
Eni met with the president of Tuscany, Eugenio Giani, and the mayors of Livorno, Luca Salvetti, and Collesalvetti, Adelio Antolini, to confirm that the company is investigating the opportunity to build a new bio-refinery at Eni's industrial site in Livorno.
The feasibility study involves building three new plants for the production of hydrogenated biofuel: a biogenic feedstock pre-treatment unit, a 500,000 tonne/year Ecofining™ plant and a plant for the production of hydrogen from methane gas.
The construction of the new bio-refinery – located in an industrial area which houses fuel and lubricant production facilities – would maximise synergies from the infrastructure already available and secure the site's future as an employment and production hub.
Giuseppe Ricci, Chief Operating Officer of Eni’s Energy Evolution said: “We are working to reach an important milestone in Eni's decarbonization strategy and the path we undertook many years ago, with the transformation of the first refinery in Venice into a bio-refinery back in 2014. The coexistence of bio and traditional plants has been successfully tested with the recent production of Eni Biojet in Livorno, the first SAF (Sustainable Aviation Fuel) exclusively from waste raw materials, animal fats and used vegetable oils thanks to the synergy with Eni's bio-refinery in Gela. Our goal is to increase the availability of decarbonized and sustainable products to our customers and to meet our scope 3 emission reduction targets.”
The president of Tuscany, Eugenio Giani, said: “I wish to express my deep appreciation for Eni's decision to investigate the conversion of the Livorno refinery into a bio-refinery, focusing on a sustainable energy transition both in terms of the environment and the outlet market. The technological innovation and size of the investment, as well as the plant synergies between new and previous production activities, open up a real pathway for development that maintains the current workforce and the entire production chain. These are forward-looking choices, compatible with the area in which these projects are located, and which will also benefit from the infrastructural competitiveness generated by the modernisation of the port of Livorno with the Europa dock”.
Livorno mayor Luca Salvetti said: “During these three years in office, the identification of clear industrial and employment prospects for the Eni refinery in Stagno has seen our constant commitment alongside institutions, trade unions and the company, with the goal of giving the plant a future and certainty to its workers.
I am very pleased to see how the efforts of all parties have led to the establishment of a virtuous path that we hope will lead to the construction of a new bio-refinery, a project that combines industrial goals, environmental compatibility and stability of employment. We have been actively involved in this process, and in March of this year we sat at the table called for by the Ministry of Economic Development alongside the company's top management, President Giani, and workers' representatives. That commitment is now beginning to bear fruit and the way forward is outlined.
Work is, and will always remain, at the heart of the goals of this administration, which is ready to provide a stable and collaborative institutional partner to all those involved on this front in the future”.
Collesalvetti mayor Adelio Antolini said: “The construction of a bio-refinery inside the Eni plant in Stagno – a proposal that I and mayor Luca Salvetti first put forward in a press conference in January 2021 as a suitable solution for our territory both in terms of maintaining skilled jobs and preserving the environment – is now becoming a reality. This study is already an achievement and a commitment to future development with Eni's investment at a high level of technical innovation. A good team effort by Eni and Tuscany with the municipalities of Livorno and Collesalvetti”.
Eni is the second-largest biofuel producer in Europe with 1.1 million tonnes/year and targets to increase the share to 2 million by 2025 and to 6 million in the next decade. Its bio-refineries in Venice and Gela transform waste raw materials, residues and waste resulting from the processing of vegetable products and oils from crops that do not compete with the food chain into high-quality biofuel – biodiesel, but also bio-LPG and bio-Naphtha, also for use in the chemical industry.
From 2023, Eni will no longer process palm oil and will make available pure hydrogenated biofuel containing a 100%-biogenic component, which can reduce GHG (GreenHouse Gas) Well to Wheel by up to 90%, i.e. along the entire logistics and production chain, up to its final use.
The design of the three new plants in Livorno will be completed by 2023 and construction could take place by 2025.
The transformation plan for the Livorno refinery will be discussed with local institutions and trade unions within the framework of a participatory and inclusive industrial relations model.
The feasibility study involves building three new plants for the production of hydrogenated biofuel: a biogenic feedstock pre-treatment unit, a 500,000 tonne/year Ecofining™ plant and a plant for the production of hydrogen from methane gas.
The construction of the new bio-refinery – located in an industrial area which houses fuel and lubricant production facilities – would maximise synergies from the infrastructure already available and secure the site's future as an employment and production hub.
Giuseppe Ricci, Chief Operating Officer of Eni’s Energy Evolution said: “We are working to reach an important milestone in Eni's decarbonization strategy and the path we undertook many years ago, with the transformation of the first refinery in Venice into a bio-refinery back in 2014. The coexistence of bio and traditional plants has been successfully tested with the recent production of Eni Biojet in Livorno, the first SAF (Sustainable Aviation Fuel) exclusively from waste raw materials, animal fats and used vegetable oils thanks to the synergy with Eni's bio-refinery in Gela. Our goal is to increase the availability of decarbonized and sustainable products to our customers and to meet our scope 3 emission reduction targets.”
The president of Tuscany, Eugenio Giani, said: “I wish to express my deep appreciation for Eni's decision to investigate the conversion of the Livorno refinery into a bio-refinery, focusing on a sustainable energy transition both in terms of the environment and the outlet market. The technological innovation and size of the investment, as well as the plant synergies between new and previous production activities, open up a real pathway for development that maintains the current workforce and the entire production chain. These are forward-looking choices, compatible with the area in which these projects are located, and which will also benefit from the infrastructural competitiveness generated by the modernisation of the port of Livorno with the Europa dock”.
Livorno mayor Luca Salvetti said: “During these three years in office, the identification of clear industrial and employment prospects for the Eni refinery in Stagno has seen our constant commitment alongside institutions, trade unions and the company, with the goal of giving the plant a future and certainty to its workers.
I am very pleased to see how the efforts of all parties have led to the establishment of a virtuous path that we hope will lead to the construction of a new bio-refinery, a project that combines industrial goals, environmental compatibility and stability of employment. We have been actively involved in this process, and in March of this year we sat at the table called for by the Ministry of Economic Development alongside the company's top management, President Giani, and workers' representatives. That commitment is now beginning to bear fruit and the way forward is outlined.
Work is, and will always remain, at the heart of the goals of this administration, which is ready to provide a stable and collaborative institutional partner to all those involved on this front in the future”.
Collesalvetti mayor Adelio Antolini said: “The construction of a bio-refinery inside the Eni plant in Stagno – a proposal that I and mayor Luca Salvetti first put forward in a press conference in January 2021 as a suitable solution for our territory both in terms of maintaining skilled jobs and preserving the environment – is now becoming a reality. This study is already an achievement and a commitment to future development with Eni's investment at a high level of technical innovation. A good team effort by Eni and Tuscany with the municipalities of Livorno and Collesalvetti”.
Eni is the second-largest biofuel producer in Europe with 1.1 million tonnes/year and targets to increase the share to 2 million by 2025 and to 6 million in the next decade. Its bio-refineries in Venice and Gela transform waste raw materials, residues and waste resulting from the processing of vegetable products and oils from crops that do not compete with the food chain into high-quality biofuel – biodiesel, but also bio-LPG and bio-Naphtha, also for use in the chemical industry.
From 2023, Eni will no longer process palm oil and will make available pure hydrogenated biofuel containing a 100%-biogenic component, which can reduce GHG (GreenHouse Gas) Well to Wheel by up to 90%, i.e. along the entire logistics and production chain, up to its final use.
The design of the three new plants in Livorno will be completed by 2023 and construction could take place by 2025.
The transformation plan for the Livorno refinery will be discussed with local institutions and trade unions within the framework of a participatory and inclusive industrial relations model.
Monday, 31 October 2022
Critical Milestone achieved by Engineers India Limited (EIL) for a line of Credit (LoC) Mongol Refinery Project, Mongolia
Pursuant to the relevant provisions of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and with reference to our letter dated 13th May, 2019, this is to inform you that Mongol Refinery (MR) Project achieved a critical milestone of executing EPC contract agreement for EPC-2 (Open Art units, Utilities & Offsites, Plant Buildings) and EPC-3 (Captive Power Plants) at Ulaanbaatar, the capital city of Mongolia. The LOA has been awarded to M/s Megha Engineering (MEIL) on 28th October 2022.
Mongol Refinery having 1.5 MMTPA crude throughput is being set up in Mongolia with the Line of Credit fund by the Government of India. This project is also part of the Development Partnership Administration initiative of the Ministry of External Affairs (MEA), Govt. of India.
Engineers India limited (EIL) is the Project Management Consultant (PMC) for this prestigious G2G collaboration project. EIL is committed to successfully execute this project of national importance that intends to catering the energy security for Mongolia. It is worth noting that Mongolia is presently importing its total fossil fuel consumption requirement such as Diesel, Gasoline, Jet fuel, LPG etc. from its neighboring countries. Construction of this refinery shall also open numerous job opportunities and cater to the development of industries in the vicinity aiding the Mongolia’s economic growth in the years to come.
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