Flotek Industries to sell Florida Chemical to ADM
US$175 million deal accompanies long-term reciprocal supply agreements.
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The expansion enables full production of 50 million gal./yr of biodiesel and bio-oil.
Europe is expected to add two gas processing plants by 2022.
An overall decrease in loading volumes for 2018 is mainly the result of the lower quantities of light oil products from ORLEN Lietuva refinery, the company stated.
The company will potentially sell its Canadian retail and commercial fuels business and its Prince George Refinery.
After expected completion in 2Q19, the Redcliff Plant’s processing capacity will have been increased by 20%.
The companies will carry out work at Tupras’ Izmir refinery.
The meetings begin an intensive effort to complete the FEED of the refinery located in Belfield, North Dakota.
UNIPOL PP Process Technology will be used for a new 400 000 tpy facility in Daesan, South Korea.
The group’s refined oil sales reached 40 million t for the first time, while chemicals marketing volume also rose from the previous year.
