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 

June 13, 2022 -- Zhenhai Refining and Chemical's 100,000 ton/year bio-jet fuel industrial production unit

The biofuel plant employing SRJET technology for the production of Sustaainable Aviation Fuels (SAF), started up in June 2022,  has been added to the Zhenhai Refinery.

#sinopec  #zhenhai  #china  #biofuels  #usedcookingoil  #sustainableaviationfuel  #saf  #jetfuel  #Sustainability 

Sinopec's SRJET technology for the production of SAF from bio-oils has been added.
 

#biooil #biogenicoil  #usedcookingoil  #uco  #fattyacidester  #sustainableaviationfuel  #saf  #jetfuel 

Multiple technologies and productions have been added.

#gasoline #diesel  #jetfuel  #kerosene  #hydrotreatment  #adu  #polypropylene  #axens  #mitsui  #hypol  #R2R  #fcc #delayedcoker  #sydec 


 

Axens Prime-K technology for hydrotreating kerosene into Jet A1 has been added.

#axens  #primek  #kerosene  #jetfuel  #jeta1  #hydrotreating  #hydrotreatment  #hydroprocessing 

LAGOS, Sept 2 –  Nigeria’s Dangote Oil Refinery has commenced gasoline processing after recent crude shortages caused delays, according to a company executive on Monday. The $20 billion facility, built by Nigerian billionaire Aliko Dangote on the outskirts of Lagos, started operations in January, initially producing products like naphtha and jet fuel.

With a massive capacity of 650,000 barrels per day, the Dangote Refinery is Africa’s largest and aims to reduce Nigeria’s heavy dependence on imported oil products, a costly burden for the country despite being a major oil producer.

“We are currently testing gasoline, and soon it will begin flowing into our product tanks,” said Devakumar Edwin, Vice President of Dangote Industries Limited. Edwin did not specify when
 the gasoline would reach the local market but confirmed that state oil firm NNPC Ltd, Nigeria’s sole gasoline importer, would exclusively purchase the gasoline. “If there are no buyers locally, we will export it, as we have done with our jet fuel and diesel,” he added.

The introduction of gasoline from Dangote’s refinery could significantly ease NNPC’s ongoing struggles to meet local fuel demand. Since January, NNPC has accumulated $6 billion in debt to oil traders for supply, hampering its ability to adequately serve the Nigerian market, where long fuel queues have persisted since July. Fuel prices have surged by 45% from the official rate of 617 naira ($0.3942) following the removal of subsidies last year.

“The timing of Dangote’s gasoline production is critical, especially given NNPC’s current challenges in securing imported supply due to financial constraints,” noted Clementine Wallop, Director for Sub-Saharan Africa at Horizon Engage, a political risk consultancy. She emphasized the need for NNPC to demonstrate transparency in its financial dealings as it begins to purchase from Dangote.

Despite being Africa’s leading oil producer, Nigeria imports almost all of its fuel due to years of neglect and underinvestment in its national refineries.

naija247news

#diesel  #naphtha  #gasoline  #crude  #crudeoil  #refining  #Refinery #jetfuel  #kerosene  #africa  #nigeria