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Released September 30, 2021 | SUGAR LAND
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Energy Market highlights gathered by Industrial Info and IIR Energy
PIPELINES
Enbridge's Line 3 Replacement Complete - Enbridge Incorporated (NYSE:ENB) (Calgary, Alberta) said on Wednesday its Line 3 pipeline would be operational from October 1, marking the completion of a long-delayed replacement project that would increase the capacity of crude deliveries from Canada to U.S. refineries. The replacement project will allow Enbridge to roughly double the pipeline's capacity to 760,000 barrels per day. The Minnesota segment of Line 3, which follows other segments already placed into service in Canada, North Dakota and Wisconsin, restores the full pipeline capacity to meet the energy needs of refineries in the Midwest. Subscribers to Industrial Info's Global Market Intelligence (GMI) Pipelines Project Database can click here for the project report on the Minnesota segment. (Reuters)
CRUDE OIL
U.S. Crude Oil, Fuel Stockpiles Rise - U.S. crude oil, gasoline and distillate inventories rose last week as production rebounded from recent storms, the Energy Information Administration (EIA) said on Wednesday. Crude inventories rose by 4.6 million barrels in the week ending September 24 to 418.5 million barrels. U.S. gasoline stocks posted a modest gain of 193,000 barrels to 221.8 million barrels. Distillate stockpiles rose by 385,000 barrels in the week to 129.7 million barrels. (Reuters)
ENVIRONMENT
LyondellBasell Announces Goal of Net Zero Emissions by 2050 - Petrochemical producer and refiner LyondellBasell (NYSE:LYB) (Houston, Texas) announced its plan to achieve net zero emissions from global operations by 2050. As an interim step toward 2050, the company also announced a strategy to achieve an absolute reduction of 30% in scope 1 and scope 2 emissions by 2030. (PR Newswire)
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About IIR Energy
Energy asset information on power plants, oil refineries and natural gas infrastructure is now more important than ever. A unit of Industrial Info Resources, IIR Energy provides infrastructure information on these assets, as well as real-time tracking of planned and unplanned interruptions affecting the commodity-trading community. We are the number one source for information about power plant outages, refinery turnarounds and midstream natural gas disruptions.
About Industrial Info
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.
PIPELINES
Enbridge's Line 3 Replacement Complete - Enbridge Incorporated (NYSE:ENB) (Calgary, Alberta) said on Wednesday its Line 3 pipeline would be operational from October 1, marking the completion of a long-delayed replacement project that would increase the capacity of crude deliveries from Canada to U.S. refineries. The replacement project will allow Enbridge to roughly double the pipeline's capacity to 760,000 barrels per day. The Minnesota segment of Line 3, which follows other segments already placed into service in Canada, North Dakota and Wisconsin, restores the full pipeline capacity to meet the energy needs of refineries in the Midwest. Subscribers to Industrial Info's Global Market Intelligence (GMI) Pipelines Project Database can click here for the project report on the Minnesota segment. (Reuters)
CRUDE OIL
U.S. Crude Oil, Fuel Stockpiles Rise - U.S. crude oil, gasoline and distillate inventories rose last week as production rebounded from recent storms, the Energy Information Administration (EIA) said on Wednesday. Crude inventories rose by 4.6 million barrels in the week ending September 24 to 418.5 million barrels. U.S. gasoline stocks posted a modest gain of 193,000 barrels to 221.8 million barrels. Distillate stockpiles rose by 385,000 barrels in the week to 129.7 million barrels. (Reuters)
ENVIRONMENT
LyondellBasell Announces Goal of Net Zero Emissions by 2050 - Petrochemical producer and refiner LyondellBasell (NYSE:LYB) (Houston, Texas) announced its plan to achieve net zero emissions from global operations by 2050. As an interim step toward 2050, the company also announced a strategy to achieve an absolute reduction of 30% in scope 1 and scope 2 emissions by 2030. (PR Newswire)
About IIR Energy
Energy asset information on power plants, oil refineries and natural gas infrastructure is now more important than ever. A unit of Industrial Info Resources, IIR Energy provides infrastructure information on these assets, as well as real-time tracking of planned and unplanned interruptions affecting the commodity-trading community. We are the number one source for information about power plant outages, refinery turnarounds and midstream natural gas disruptions.
About Industrial Info
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.
