Global Refining & Petrochemicals

Electric Power
Public Policy

IMO to Decide Launch of LS-Bunkers ‘Availability’ Study Next Year

The International Maritime Organization (IMO) Marine Environment Protection Committee (MEPC) last week instructed a “correspondence group” to submit a final report by April 2015 on how and when to proceed with a mandatory “availability” study on low-sulfur bunker fuels for a default 2020 global deadline.

Margins & Economics
Transportation & Logistics

Wärtsilä 3Q-2014 Profits Dip Year-on-Year

Mainly diesel-powered marine-engine and power-generation specialist Wärtsilä announced Oct. 23 that its third-quarter (3Q) profits before taxes slipped to €129 million (US$163 million), from €136 million (US$172 million) in 3Q 2013.

Margins & Economics
Margins & Economics
Fuels & Processing
Electric Power

‘Kemper’ IGCC Costs Rise Again; Start-Up Delayed to Mid-2016

Mississippi Power Co. (MPC) revealed Oct. 28 in an “8-K” filing with the U.S. Securities and Exchange Commission that costs of its nearly complete, 585-megawatt “Kemper” integrated-gasification combined-cycle (IGCC) project have now soared to $6.1 billion—more than double the original cost estimate.

Margins & Economics
Fuels & Processing

REG Completes Iowa Biodiesel-Plant Upgrades

Ames, Iowa-based Renewable Energy Group Inc. (REG) recently announced that it completed upgrades to its 30 million-gallon-per-year (mgpy) biorefinery in Mason City, Iowa, which will allow the facility to produce biodiesel from a wider variety of raw materials.