- NÂ°11 - July 2018
- NÂ°10 - January 2018
- NÂ°9 - October 2017
- NÂ°8 - April 2017
- NÂ°7 - December 2016
- NÂ°6 - October 2016
- NÂ°5 - March 2016
- NÂ°4 - December 2015
- NÂ°3 - September 2015
- NÂ°2 - June 2015
- NÂ°1 - March 2015
VeryOne Newsletter Issue nÂ°5
Safe handling of 2-NEH
New storage at La Huelva (SPAIN)
Eurenco has commissioned aÂ new storageÂ at la HuelvaÂ (Spain). It is located 60 km East of the Portuguese border and 250 km from Gibraltar.The facility will be operated by Biosur.
Offering an additional 500 metric tons storage capacity, this new tank confirms EURENCO’s leadership in the Cetane Improver market, and completed EURENCO’s strategic distribution network in Europe.
It will also strenghten EURENCO’s commitment to its Spanish customers and provide the South of Spain with a higher quality of service.
BUSINESS NEWS DIESEL
Â 5 WEBSITES ON TRANSPORT & DIESEL USAGE
Private companies will be able to get E&P activities through licenses and contracts, and investing in the territory to leverage downstream projects such as refineries, gas and petrochemical plants, while complying with international trade agreement. Also, they will be allowed to report the economic interests of the Mexican underground for accounting and Financial purposes.
The first biddings in the exploration and production activity have begun 1st quarter of 2015. Since then, government has been planning an open market for finished product’s price like gasoline and diesel within 3 years.
Â The development of the energy sector of Mexico, especially the chemical market, is also supported by the expected growth of the automotive industry. Indeed, 4 manufacturing plants are meant to be built from 2016 to 2019 by cars manufacturers, such as Kia, Daimler, Renault Nissan and BMW. The yearly car production is then expected to grow by 3 million units from now to 2025, making Mexico the only country in North America with a forecasted positive growth in car manufacturing.
Following these transformations and growths, we note the interest of two states to lead the country’s environmental care upgrade: Nuevo Leon and DEF. Indeed, these 2 states are willing to follow a European Fuel Specification (EN590) model, and complete the modernization of the sector with environmental issues.
PLATTS ANNUAL EUROPEAN MIDDLE DISTILLATES CONFERENCE (ANTWERP, BELGIUM -JANUARY 26-27,2016)
As a direct actor in the European diesel market, EURENCO-along with refiners, traders and end-users -attended the PLATTS Conference last January in Antwerp. To be leader on the Cetane Improver additive market also means being in line with the latest developments and challenges of our profession.
As it will not have espaced anyone’s attention, the crude oil price dropped dramatically in 2014-2015, dragging with it the decrease of the prices for raw materials, and a lot of changes in the world oil economy and hence in the world itself.
Taking into account the OPEC decision not to slow down their production, the comeback of Iran in the market, and the overstocked inventories, prices are not predicted to rise up again to more than 50 $ /b in 2016, and even 2017. This leading to the abortion of many investments and projects, reshapes the oil world.
Focusing on Europe, even if the refining margins have never been so good, the pressure on refining market is everyday more important. This being due to the opening of new plants in the Middle East and Asian to countries such as Russia, Saudi Arabia and Iran competing for market shares, and to the European environmental legislation getting more stringent.
The year 2016 should be interesting in showing how our industry can adapt to these Ă©volutions and resist to the global pressure.