Communicator

Gruppo API (Italiana Petroli) Fuel Station

Italiana Petroli (IP), a leading Italian oil refiner and fuel distributor, is currently the subject of a competitive bidding process involving three major international groups: Azerbaijan’s state oil company SOCAR, Swiss commodity trader Gunvor, and the Abu Dhabi-based Bin Butti Group. Final offers for the company are expected by the end of May 2025, with SOCAR and Gunvor seen as the main contenders due to their longer involvement in the process, while Bin Butti joined more recently and is considered less likely to win.

IP, owned by the Brachetti Peretti family, operates around 4,600 fuel stations and manages a refining capacity of about 200,000 barrels per day, making it one of Europe’s largest private refining and fuel retail groups. Its main assets include the Ancona refinery (focused on bitumen), the SARPOM refinery in Trecate (producing fuels and jet fuel), and a tolling agreement for the Alma refinery in Ravenna. The company is valued between €2.3 and €2.5 billion, reflecting strong financials with nearly €500 million in core profit and over €400 million in net cash at the end of 2024.

The sale comes amid significant changes in the European refining sector, with private investors increasingly selling to commodity traders and state-backed companies. The winner of the IP auction will gain control over a vast network of fuel stations and significant refining capacity, which could influence fuel supply and pricing in Italy and the region. SOCAR’s bid would strengthen Azerbaijan’s presence in the European energy market, while Gunvor aims to expand from trading into full-scale refining and distribution. The outcome of this sale is expected to have a major impact on the structure of Europe’s refining industry as it adapts to new market and regulatory pressures.

#gunvor  #socar  #italianapetroli  #gruppoapi  #refinery  #ancona  #ravenna  #alma  #fuels  #fuelstations  #jetfuel  #bitumen 

TotalEnergies Manufacturing Site at the port of Antwerpen ©Belga

TotalEnergies closes one of its two steam crackers in Antwerp, 253 jobs disappear "without layoffs"

Antwerpen, 22 April 2025 -- TotalEnergies will close one of its two steam crackers in the port of Antwerp, a decision that will impact more than 250 jobs. No forced layoffs will be announced, according to the energy group.

By 2028, the chemical cluster in the port of Antwerp will lose one of its three steam crackers. TotalEnergies has chosen to shut down its oldest Naphtha Cracker (NC2). The reason is a concerning overcapacity in the petrochemical market. Although 253 positions are affected by this closure, management seeks to reassure: no forced departures are on the horizon.

“We assure every employee of the affected steam cracker that they will be able to continue their activity at our Antwerp site,” says Ann Veraverbeke, CEO, in an interview with Gazet van Antwerpen. “This transition is possible because, by early 2028, 270 of our employees in Antwerp will reach the legal retirement age. The 253 employees from the old steam cracker will be essential to fill this wave of departures.”

Ethylene overcapacity

NC2, a petrochemical facility that transforms hydrocarbons into basic molecules used in the chemical industry, was “historically dependent” on a contract with a user of the ethylene produced, who did not wish to renew this contract, the French oil and gas group specified.

The facility “will no longer have outlets for its ethylene production” and TotalEnergies will “focus on its newest steam cracker (NC3), whose ethylene production is entirely consumed by TotalEnergies’ units in Antwerp and Feluy,” it added.

2017 Revamp of Naphtha Cracker 3

As part of a project to upgrade its refining and chemicals platform in Antwerp, TotalEnergies had started up a new ethylene cracker that runs on ethane feedstock in July 2017, investing nearly $60 million to revamp its Naphtha Cracker 3 to run on the light feed and the adaption of the site’s terminal to enable the import of 200,000 t of ethane per year by ship from Norway. The revamp was done to optimize supply by providing flexibility for the cracker to use either ethane, butane or naphtha as feedstock, so that advantaged feedstock could therefore account for more than 50% total input.

#totalenergies  #antwerp  #belgium  #petrochemicals  #steamcracker  #naphthacracker  #plantclosure  #ethylene 

The SONAREF Lobito Oil Refinery project has been created.

#sonaref #sonangol  #oilrefinery  #refinery  #angola 

Suspension Polymerization of Acrylonitrile (AN) into Polyacrylonitrile (PAN) has been added.


#an  #pan  #suspensionpolymerization  #polyacrylonitrile  #acrylonitrile 
 

Nitrogen Organic Compounds as typically found in liquid oil fractions have been added.


#pyridine  #quinoline  #aniline  #pyrrole  #indole  #carbazole  #noc  #nitrogenorganiccompound 

Petrochemical Industry Going Global Alliance | November 9, 2024 10:50, via WeChat.

On July 6, 2023, with the 400,000 tons/year ethylbenzene-styrene unit producing qualified products, all units of the Anqing Petrochemical Refinery Conversion Plant Structural Adjustment Project were successfully started up safely and environmentally friendly at one time.

The project is led by a 3 million tons/year heavy oil catalytic cracking unit. By increasing the production of light olefins and aromatic raw materials to produce high-value-added chemical products, it effectively enhances the adaptability and flexibility of the company's production structure to changes in demand, and explores a development path for domestic refining companies to cope with overcapacity and achieve transformation and upgrading.

Among them, the 3 million tons/year heavy oil catalytic cracking unit is the world's first RTC process heavy oil catalytic cracking unit, and the 400,000 tons/year ethylbenzene-styrene unit is currently the largest dry gas-based ethylbenzene unit in China.

The heavy oil catalytic cracking unit of Anqing Petrochemical has been started-up

Seetao 2023-06-25 15:12

The heavy oil catalytic cracking unit of Anqing Petrochemical has a total of three main fan units, namely two main units K101A/B and one backup fan unit K102. After the backup fan is successfully started and the two units have completed the relevant air tightness and other related processes, the K102 unit will be shut down, and the two main fan units K101A/B will enter the ignition furnace heating stage. It is expected that the overall start-up process will continue for more than 10 days.

Anqing will stop operating its 1.4mn t/yr fluid catalytic cracker (FCC) and 700,000 t/yr deep catalytic cracking unit, which are located near a residential area, for environmental reasons. The project will involve adding a new 3mn t/yr DCC that will enable the refinery to process crude with a higher sulphur content of 1.5pc.

Anqing currently produces 30,000 t/yr of polypropylene, 100,000 t/yr of ethylbenzene and styrene and 210,000 t/yr of acrylonitrile, among other products. It will scale up output of these products through the upgrading project.

Sinopec's Anqing refinery shifts towards petrochemicals

PETROTHALIL Analytical Petrochemical News Agency | 2020/06/23 09:38:57

Work on the 11bn yuan ($1.5bn) project at Anqing in the central province of Anhui started in early May. A Yn6.6bn first phase aims to produce around 2mn t/yr of olefins and aromatics, including 150,000 t/yr of ethylene, 640,000 t/yr of propylene and 610,000 t/yr of aromatics products. Trial production is scheduled for late 2022. A second, Yn4.4bn phase will add another 650,000 t/yr of unspecified chemical output.

Refined product output will be cut by a third after the project is complete, with the gasoline yield rising at the expense of diesel. Anqing is also expanding its pipeline connections to replace fuel transportation by river. Sinopec opened an 88,000 b/d oil products pipeline linking Anqing to the cities of Hefei, Huainan, Bengbu and Fuyang in late 2016.

Anqing will stop operating its 1.4mn t/yr fluid catalytic cracker (FCC) and 700,000 t/yr deep catalytic cracking unit, which are located near a residential area, for environmental reasons. The project will involve adding a new 3mn t/yr DCC that will enable the refinery to process crude with a higher sulphur content of 1.5pc.

Anqing currently produces 30,000 t/yr of polypropylene, 100,000 t/yr of ethylbenzene and styrene and 210,000 t/yr of acrylonitrile, among other products. It will scale up output of these products through the upgrading project.

#dcc  #fcc  #styrene  #ethylbenzene  #alkylation  #dehydrogenation  #aromatics  #olefins  #btx  #resid  #cracking  #anqing  #petrochemical  #sinopec  #refinery  #china

HPPO plant, propylene oxide production and imports of naphtha and hydrogen peroxide have been added.


#basf  #antwerp  #belgium  #propyleneoxide  #hydrogenperoxide  #propylene  #ethylene  #hppo  #steamcracker  #naphtha