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Polyunsaturated vegetable oils are widely used as precursors to epoxidized oil products because they have high numbers of carbon-carbon double bonds available for epoxidation. [4] The epoxide group is more reactive than double bond, thus providing a more energetically favorable site for reaction and making the oil a good hydrochloric acid ...
Elf Aquitaine lost over US$150 million in the 1979 Great Oil Sniffer Hoax to develop a new "gravity wave-based oil detection system", which was later revealed to be a scam. In 1981, Elf Aquitaine bought Texasgulf for $3 billion, despite a request by the US government to postpone the merger for time to study the implications.
Castor oil by itself has been used in making a variety of polyurethane products, ranging from coatings to foams, and the use of castor oil derivatives continues to be an area of active development. Castor oil derivatized with propylene oxide [9] makes polyurethane foam for mattresses and yet another new derivative is used in coatings [10]
The company's pre-tax profit grew by 44% year-over-year to N33.839 billion in 2023. [2] Okomu Oil and Presco Oil are the two largest producers of palm oil in Nigeria, with Okomu Oil holding a significant market share. Okomu Oil is majority-owned by Socfinaf S.A., a Belgian company, with a 62.94% stake. [3]
An oil spill is the release of a liquid petroleum hydrocarbon into the environment, especially marine areas, due to human activity, and is a form of pollution. The term is usually applied to marine oil spills, where oil is released into the ocean or coastal waters, but spills may also occur on land.
Hydrotreated vegetable oil (HVO) is a biofuel made by the hydrocracking or hydrogenation of vegetable oil. Hydrocracking breaks big molecules into smaller ones using hydrogen while hydrogenation adds hydrogen to molecules. These methods can be used to create substitutes for gasoline, diesel, propane, kerosene and other chemical feedstock.
In 2003, the company acquired acreage offshore Republic of Congo. [9] In 2004, the company sold oil fields in Western Canada for US$633 million. [10] In July 2011, the company sold its refinery in Superior, Wisconsin, to Calumet for $214 million. [11] In September 2011, the company sold its refinery in Meraux, Louisiana, to Valero Energy for ...
The International Convention on Civil Liability for Oil Pollution Damage, 1969, renewed in 1992 and often referred to as the CLC Convention, is an international maritime treaty admistered by the International Maritime Organization that was adopted to ensure that adequate compensation would be available where oil pollution damage was caused by maritime casualties involving oil tankers (i.e ...