Industry Briefs

RefiningRuhr Oel GmbH, a joint venture of Veba Oel AG and Petroleos de Venezuela SA, signed a letter of intent to license Neste Engineering Oy`s Nexethers etherification process for Ruhr`s Gelsen- kirchen, Germany, refinery. Ruhr aims to produce 160,000 tons/year of mixed gasoline ethers beginning in 2001 as part of a program to improve gasoline quality to meet upcoming European Union fuel specifications. Neste Engineering, a unit of Finland`s Fortum Oil & Gas Oy, says the process is cost-effective because a methanol-recovery column is not required and feed-gasoline splitter requirements are flexible.PowerIndian Oil Corp. (IOC) and Japan`s Mitsubishi Corp. signed a memorandum of understan...

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