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Bush showed into law the crowded fuel program in as a way to provide greenhouse gas emissions and follow reliance on foreign oil. Motiva Enterprises, owned by Saudi Arabia's national oil company, is no longer considering a massive expansion at its oil refinery in Port Arthur, looking instead to buy other refineries or build.
-Feature: UK plastic packaging tax proposal receives mixed reception. PET best placed to take share of other polymers. Market participants have met the UK Government’s new plans to tax plastic packaging with a mix of concern and optimism, while questioning whether the planned tax will be effective.
Nigeria is set to get another new oil refinery as a government push to end fuel imports attracts investors to the industry.
Petrolex Oil & Gas Limited plans to build a $bn plant with a capacity ofbarrels a day, its Chief Executive Officer, Segun Adebutu, said in an interview with Bloomberg in Lagos. For the first time in 40 years, major oil refineries are being planned for construction in the United States.
MMEX Resources and Raven Petroleum both have plans for new refineries to go online in in Texas, near the Permian Basin and Eagle Ford Shale, respectively.
Oil refinery construction in the United States is a rare occurrence; only 14 smaller facilities were built in the past After processed in palm oil refinery plant, the final oil product is a kind of premium edible oil of consistent quality which not only satisfies customer requirements and industry’s standards in respect of Iodine Value, FFA, flavor, color, melting point, peroxide value, impurities and moisture.
Oil refining is a difficult business and margins are painfully slim. Economies of scale are critical to maintaining a viable business. Now coming to the question of time.Oil refinery business plans