article thumbnail

Technip, EGPC and ASORC agreement for $1.5B modernization of Egypt’s Assiut Refinery; maximizing diesel

Green Car Congress

Technip Italy SpA announced the finalization of a joint agreement with Egyptian General Petroleum Corporation (EGPC) and Assiut Oil Refining Company (ASORC) for the $1.5-billion billion modernization project of the Assiut refinery, Upper Egypt. In due course, Technip will take responsibility for the EPC phase of the project.

Egypt 150
article thumbnail

The Suez chokepoint

Green Car Congress

The US Energy Information Administration recently updated its brief on world oil transit chokepoints—one of which is Egypt’s Suez Canal. They are a critical part of global energy security due to the high volume of oil traded through their narrow straits, the agency notes. million bbl/d of crude oil in 2007 to 1.1

Egypt 236
article thumbnail

Celanese sees new TCX ethanol process as key component in future growth; a paradigm shift in ethanol production

Green Car Congress

As it announced during its investor conference earlier this week, Celanese Corporation, a global technology and specialty materials company, has increased its 2013 earnings growth objectives to adjusted earnings per share of at least $6.00, or operating EBITDA of at least $1.7 Source: Celanese. Click to enlarge.

Future 210
article thumbnail

Report Finds Water Stress Rapidly Becoming Key Strategic Risk to Commerce; Impending Water/Energy Collision

Green Car Congress

Processes such as oil extraction from sources such as tar sands and deep-water offshore oil wells, as well as the expansion of first-generation biofuels such as corn-based ethanol are setting the stage for a “ water/energy collision ” of resource management policies. Climate change.

Water 150