Released September 21, 2020 | SUGAR LAND
en
Researched by Industrial Info Resources (Sugar Land, Texas)--IIR's weekly Global Refining Report gives you the latest inside intelligence on outages, derates, shutdowns, closures, delays and more.
And now there is an interactive, dynamic Global Refining Capacity Dashboard available to further power your refinery capacity research.
IIR has formalized an Alliance with Refinery Calc, which will play an integral role in producing IIR's Global Refining MarketIntel Platform -- the first of its kind in the industry.
This Platform is part of a more comprehensive IIR Global MarketIntel Platform.
Just ask iirteam@iirenergy.com for further information.
Market Commentary:
Bumbles bounce, as do Brent prices, apparently, bouncing back from last week's collapse and being pressured to the downside from all the supposedly "negative news."
(Brent pricing, Fundamental Analytics)
As OilPrice reports, "It's been a busy month for oil markets, with a build-up of bearish news sending oil prices crashing at the start of the month, only for prices to rally again this week. A combination of outages from Hurricane Sally, a drawdown in oil storage, and high compliance from OPEC is responsible for the rebound."
And even though OPEC is able to somehow ensure compliance with their members, Libya might supposedly be bringing production online, as there might be a deal. But then again, there might not.
There remains so much uncertainty in these markets. Therefore, within this Global Refining Report, IIR hopes to shed some light on what is transpiring from a Refinery Operations perspective, as the Global Refining Index (working with ADUs) illustrates what is happening to crude operationally available capacity, and how refineries are de-rating and operating overall in these times. The Global Refinery Maps depict the COVID-19 Impact as well as the non-COVID-19 outages. Area Charts visualize COVID-19 Impact and non-COVID-19 capacity offline in Asia, Europe and North America.
Petroleum Refining Highlights:
Tropical Storm Beta in the Gulf, storms in the Atlantic and the Pacific
Much of the central Texas coast will experience a very strong storm surge as a result of Tropical Storm Beta, along with significant rain, which is forecast from Corpus Christi, Texas, to the southern Louisiana coast. There is a potential for flooding in low-lying areas through mid-week as the storm makes landfall.
As many as 54 offshore
Industrial Info research teams have confirmed petrochemical assets along the Texas coast are planning to operate at normal rates so far. Don't miss Industrial Info's scheduled webinar Tuesday of this week, hosted by industry veterans of our research team, providing an update on recovery efforts for Hurricane Sally, Hurricane Laura and the latest on Tropical Storm Beta.
September 18, 2020 Valero is making another attempt to restart the 75,000-barrel-per-day (BBL/d) FCCU 1241 at its 343,000-BBL/d Port Arthur, Texas, refinery after a failed restart on September 17. The unit was shut down on August 25 ahead of Hurricane Laura. Expectations are for the unit to be back in operation within the next 24 to 48 hours.
September 18, 2020 IIR has confirmed that Equinor Refining Denmark AS has started a planned maintenance turnaround at its 105,670-BBL/d Kalundborg Refinery in Denmark. The plant-wide, 45-day maintenance turnaround kicked off in early September, and completion is scheduled for mid-October.
September 18, 2020 Indian Oil Corporation Limited (IOCL) has rescheduled a 30-day refinery-wide major maintenance turnaround at its 16,000-BBL/d Digboi Refinery in India. Previously planned to begin on November 23, the turnaround now is tentatively scheduled to begin on February 5, 2021. Expectations are to complete repairs and restart the units by March 6, 2021. Major units include the 16,000-BBL/d Crude Unit, 1,800-BBL/d Reformer, 3,400-BBL/d Delayed Coker and 6,600-BBL/d Distillate Hydrotreater.
September 18, 2020 CNOOC Huizhou Refining Company has rescheduled a planned area-wide turnaround at its 440,000-BBL/d Huizhou, China, Refinery due to poor margins. The 60-day maintenance shutdown will now commence on March 10, 2021, and is expected to last until May 8, 2021. Major units within Area 5 - Area 8 include the 200,000-BBL/d CDU 2, 96,000-BBL/d FCCU 2, 68,000-BBL/d Diesel Hydrotreater 2, 48,000-BBL/d Gasoline Hydrotreater 2 and 36,000-BBL/d Reformer 2 (CCR 2).
September 18, 2020 ENEOS Corporation is on schedule to perform a 65-day planned turnaround on the lone crude unit at its 127,500-BBL/d Wakayama, Japan, refinery on September 27. Expectations are to complete repairs and restart the unit on November 30. Also shutting down are the 230,000-BBL/d No.1 Catalytic Reformer from September 27 to December 6, and the 37,000-BBL/d No.7 Hydrodesulfurization unit from September 27 to November 28. Meanwhile, the 22,000-BBL/d No.2 Catalytic Reformer, the 39,000-BBL/d FCCU and associated units remain operational.
September 17, 2020 IIR has confirmed that PKN Orlen SA has performed a planned maintenance turnaround of the 36,000-BBL/d H-Oil Unit at its 277,808-BBL/d Plock Refinery in Poland. The maintenance started on August 20 and was completed on September 17. Meanwhile, maintenance on the 6,024-BBL/d Reformer I and 3,300-BBL/d Alkylation units kicked off on September 14, with completion expected in mid-October. Planned maintenance on the 68,000-BBL/d Hydrocracker Unit is on schedule to kick off on October 9.
CLICK ON THE MAPS AND GRAPHS BELOW FOR A LARGER VIEW
Map of Global Refineries impacted by COVID-19/non-COVID -- Ongoing Offline Events
Global Refining Index
Industrial Info's Global Refining Index (GRI) illustrates how much Refinery Capacity is offline versus Normal Operating Capacity. Illustrating the health of refineries with an operating percentage at a World Region - Market Region level (see graphics below).
Global Regional Available Operational Capacity. COVID-19 Impact & non-COVID-Related Outages
Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, six offices in North America and 12 international offices, is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. Industrial Info's quality-assurance philosophy, the Living Forward Reporting Principle, provides up-to-the-minute intelligence on what's happening now, while constantly keeping track of future opportunities. Follow IIR on: Facebook - Twitter - LinkedIn. For more information on our coverage, send inquiries to info@industrialinfo.com or visit us online at http://www.industrialinfo.com.
And now there is an interactive, dynamic Global Refining Capacity Dashboard available to further power your refinery capacity research.
IIR has formalized an Alliance with Refinery Calc, which will play an integral role in producing IIR's Global Refining MarketIntel Platform -- the first of its kind in the industry.
This Platform is part of a more comprehensive IIR Global MarketIntel Platform.
Just ask iirteam@iirenergy.com for further information.
Market Commentary:
Bumbles bounce, as do Brent prices, apparently, bouncing back from last week's collapse and being pressured to the downside from all the supposedly "negative news."
(Brent pricing, Fundamental Analytics)
As OilPrice reports, "It's been a busy month for oil markets, with a build-up of bearish news sending oil prices crashing at the start of the month, only for prices to rally again this week. A combination of outages from Hurricane Sally, a drawdown in oil storage, and high compliance from OPEC is responsible for the rebound."
And even though OPEC is able to somehow ensure compliance with their members, Libya might supposedly be bringing production online, as there might be a deal. But then again, there might not.
There remains so much uncertainty in these markets. Therefore, within this Global Refining Report, IIR hopes to shed some light on what is transpiring from a Refinery Operations perspective, as the Global Refining Index (working with ADUs) illustrates what is happening to crude operationally available capacity, and how refineries are de-rating and operating overall in these times. The Global Refinery Maps depict the COVID-19 Impact as well as the non-COVID-19 outages. Area Charts visualize COVID-19 Impact and non-COVID-19 capacity offline in Asia, Europe and North America.
Petroleum Refining Highlights:
Tropical Storm Beta in the Gulf, storms in the Atlantic and the Pacific
Much of the central Texas coast will experience a very strong storm surge as a result of Tropical Storm Beta, along with significant rain, which is forecast from Corpus Christi, Texas, to the southern Louisiana coast. There is a potential for flooding in low-lying areas through mid-week as the storm makes landfall.
As many as 54 offshore
Industrial Info research teams have confirmed petrochemical assets along the Texas coast are planning to operate at normal rates so far. Don't miss Industrial Info's scheduled webinar Tuesday of this week, hosted by industry veterans of our research team, providing an update on recovery efforts for Hurricane Sally, Hurricane Laura and the latest on Tropical Storm Beta.
September 18, 2020 Valero is making another attempt to restart the 75,000-barrel-per-day (BBL/d) FCCU 1241 at its 343,000-BBL/d Port Arthur, Texas, refinery after a failed restart on September 17. The unit was shut down on August 25 ahead of Hurricane Laura. Expectations are for the unit to be back in operation within the next 24 to 48 hours.
September 18, 2020 IIR has confirmed that Equinor Refining Denmark AS has started a planned maintenance turnaround at its 105,670-BBL/d Kalundborg Refinery in Denmark. The plant-wide, 45-day maintenance turnaround kicked off in early September, and completion is scheduled for mid-October.
September 18, 2020 Indian Oil Corporation Limited (IOCL) has rescheduled a 30-day refinery-wide major maintenance turnaround at its 16,000-BBL/d Digboi Refinery in India. Previously planned to begin on November 23, the turnaround now is tentatively scheduled to begin on February 5, 2021. Expectations are to complete repairs and restart the units by March 6, 2021. Major units include the 16,000-BBL/d Crude Unit, 1,800-BBL/d Reformer, 3,400-BBL/d Delayed Coker and 6,600-BBL/d Distillate Hydrotreater.
September 18, 2020 CNOOC Huizhou Refining Company has rescheduled a planned area-wide turnaround at its 440,000-BBL/d Huizhou, China, Refinery due to poor margins. The 60-day maintenance shutdown will now commence on March 10, 2021, and is expected to last until May 8, 2021. Major units within Area 5 - Area 8 include the 200,000-BBL/d CDU 2, 96,000-BBL/d FCCU 2, 68,000-BBL/d Diesel Hydrotreater 2, 48,000-BBL/d Gasoline Hydrotreater 2 and 36,000-BBL/d Reformer 2 (CCR 2).
September 18, 2020 ENEOS Corporation is on schedule to perform a 65-day planned turnaround on the lone crude unit at its 127,500-BBL/d Wakayama, Japan, refinery on September 27. Expectations are to complete repairs and restart the unit on November 30. Also shutting down are the 230,000-BBL/d No.1 Catalytic Reformer from September 27 to December 6, and the 37,000-BBL/d No.7 Hydrodesulfurization unit from September 27 to November 28. Meanwhile, the 22,000-BBL/d No.2 Catalytic Reformer, the 39,000-BBL/d FCCU and associated units remain operational.
September 17, 2020 IIR has confirmed that PKN Orlen SA has performed a planned maintenance turnaround of the 36,000-BBL/d H-Oil Unit at its 277,808-BBL/d Plock Refinery in Poland. The maintenance started on August 20 and was completed on September 17. Meanwhile, maintenance on the 6,024-BBL/d Reformer I and 3,300-BBL/d Alkylation units kicked off on September 14, with completion expected in mid-October. Planned maintenance on the 68,000-BBL/d Hydrocracker Unit is on schedule to kick off on October 9.
CLICK ON THE MAPS AND GRAPHS BELOW FOR A LARGER VIEW
Global Refining Index
Industrial Info's Global Refining Index (GRI) illustrates how much Refinery Capacity is offline versus Normal Operating Capacity. Illustrating the health of refineries with an operating percentage at a World Region - Market Region level (see graphics below).
Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, six offices in North America and 12 international offices, is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. Industrial Info's quality-assurance philosophy, the Living Forward Reporting Principle, provides up-to-the-minute intelligence on what's happening now, while constantly keeping track of future opportunities. Follow IIR on: Facebook - Twitter - LinkedIn. For more information on our coverage, send inquiries to info@industrialinfo.com or visit us online at http://www.industrialinfo.com.
