Cambodia multifunctional sunflower oil refining plant

Cambodia multifunctional sunflower oil refining plant

Cambodia multifunctional sunflower oil refining plant
Cambodia multifunctional sunflower oil refining plant
Cambodia multifunctional sunflower oil refining plant
Cambodia multifunctional sunflower oil refining plant
Cambodia multifunctional sunflower oil refining plant

FAQ

  • Is the global refining industry poised for a challenging 2024?
  • More Top Reads From Oilprice.com: The global refining industry is poised for a challenging 2024 due to the influx of new refining capacities, contrary to earlier predictions of reduced demand due to the energy transition.
  • Will new refineries be a challenge in 2024?
  • The global refining industry will face a challenging 2024 as more new capacity comes on stream, according to a Vitol executive, who also said that future investments in new refineries are unlikely because of the energy transition. Fewer new refineries should paint a picture of lower future capacity and, hence, higher margins to come.
  • Why is Cargill Building a new palm oil refinery in Indonesia?
  • Cargill is building a new US$200 million (€170 million) palm oil refinery in Indonesia. The new plant in Lampung will accelerate Cargill’s efforts to develop a sustainable palm supply chain and provide verified deforestation free products to customers.
  • How will a new palm oil refinery benefit Indonesia?
  • With the new refinery, the firm will be able to meet customers’ evolving expectations around sustainability and transparency by guaranteeing traceability to plantation and improved product quality standards. Palm oil has experienced strong demand in recent years, with Indonesia as the largest producer and exporter.
  • When will Cargill's new palm oil refinery be completed?
  • Construction for the new state-of-the-art facility has commenced and operations are expected to be completed in late 2022. Palm oil from the Lampung refinery will be produced according to the principles set out in Cargill’s Policy on Sustainable Palm Oil and will help provide greater transparency through increased traceability-to-plantation.
  • How many oil refining plants are there in the United States?
  • Generally, figures have fallen from a peak of 254 refining plants in 1982 largely as a result of smaller refineries becoming unprofitable. In 2023, oil refining capacity in the U.S. stood at some 18.4 million barrels per day, still lower than pre-pandemic levels.