News Articles

Construction slows at Olmeca refinery project due to funding issues

Construction has reportedly slowed at the US$8.9bn 340kbd (17Mnta) Olmeca (formerly Dos Bocas) oil refinery project in Mexico’s due to diminishing funds to pay suppliers. Additional funds that it has requested from the finance ministry.

Discussions underway over sale of idled Pointe-a-Pierre refinery to Quanten

The Trinidad and Tobago Government is negotiating with Quanten for the sale of the idled 175kbd (8.75Mnta) Pointe-a-Pierre refinery, which was closed in 2018 due to losses of more than $1 Bn over the previous five years.

Sapugaskanda refinery to resume operation after two-month closure

Sri Lanka’s only refinery, the 50kbd (2.5Mnta) Sapugaskanda is to recommence operations for first time since March with the unloading of a crude shipment at the end of May, and will help the island nation in its recovery from a severe fuel shortage.

Repsol and Aramco develop synthetic fuels Bilbao plant

Repsol and Saudi Aramco plan to use Fischer Tropsch technology developed by Johnson Matthey and BP for a synthetic fuels plant in Bilbao, Spain. The site will have an initial capacity of 2,100tonnes/year and produce road, marine and aviation fuels by 2024 with plans for further expansion.

Burnaby refinery project to be partially funded by BC Government

Parkland has received a commitment from the British Columbia government to cover over 40% of the cost of its proposed $600 Mn renewable fuels project at its Burnaby refinery, with funds coming from the province’s Low-Carbon Fuel Standard compliance credits.