gold refineries closing down

America's Largest Precious Metals Refiner | Elemetal

With 45+ locations, Elemetal is America's Largest Precious Metal Refiner, and we are proud to offer each one of our clients rapid liquidity, transparent results, and real customer service. Elemetal's expert team is dedicated to guiding you through every step of the process, …


Refinery closures decreased U.S. refinery capacity during 2020

As a result of several U.S. refinery closures in 2020, U.S. operable atmospheric crude oil distillation capacity, the primary measure of refinery capacity in the United States, dropped 4.5% to a total of 18.1 million barrels per calendar day (b/cd) at the start of 2021. The end-of-year 2020 total is 0.8 million b/cd less than the 19.0 million …


South Africa lockdown closes smelter of Africa's only gold …

The smelter of one of the world's biggest gold refineries and the only one in Africa, Rand Refinery Pty. Ltd., will shut down as part of South Africa's 21-day national lockdown to contain the spread of the new coronavirus. Rand Refinery will close its smelter and significantly scale down its gold refining operations, Reuters reported on March ...


Toronto Precious Metal Refining

PRECIOUS METAL REFINING SERVICES. Precious metal refining is an extensive process that requires a professional metal refiner. It separates precious metals such as gold and silver from noble metalliferous materials like ores or metal alloys. Whether you need smelting or jewellery refining, you do not compromise with quality and services.


Factbox: Which U.S. refineries have shut since the global

June 17 (Reuters) - Since the onset of the global pandemic, the United States has lost nearly 1 million barrels per day of oil refining capacity, with more set to be shuttered in …


Another U.S. Refinery Slated to Close

In addition, five refineries with a capacity of 408,100 barrels of oil per day are idle—the largest number of idle refineries since 2012. In 2021, the U.S. refining industry had an operating capacity of 17.7 million barrels per day of oil and produced about 9.5 million barrels per day of gasoline, 4.7 million barrels per day of diesel fuel ...


Fact Check: Olive Garden Is Closing Down All Restaurant …

An online advertisement displayed in November 2023 said that Olive Garden planned to close its chain of Italian restaurants. Rating: In November 2023, a multitude of different online ...


Why gold prices are at record highs | CNN Business

New York CNN — From central banks to Costco customers, it seems everyone is buying gold these days. The price of spot gold reached $2,364 per ounce …


How much do gold refiners charge? (2024)

Though prices have gone down in these periods for the year, it has also been observed that the lowest price of gold and silver have been higher than the lowest price of gold and silver in the previous year. So, the gold bar price in mid-June 2022 will still be higher than the price of gold in mid-June 2021.


Table 13. Refineries Permanently Shutdown By PAD …

Refineries Permanently Shutdown By PAD District Between January 1, 1990 and January 1, 2023 PAD District III 838,226 1,447,640 Imron Refining, Inc. San Leon, TX 7,000 0 c ... Gold Line Refining LTD Jennings, LA 12,000 0 07/97 01/98 Petrolite Corp Kilgore, TX 600 750 12/97 02/98 Pride Refining Inc. Abilene, TX 42,750 40,500 05/98 04/98 ...


EIA: New Refineries Will Increase Global Refining

The International Energy Agency (IEA) estimates that global refining capacity decreased by 730,000 barrels per day (b/d) in 2021—the first decline in global refining capacity in 30 years. In the United States, refining capacity has decreased by about 1.1 million b/d since the start of 2020, contributing 184,000 b/d to the global decline in 2021. …


Refinery Closures About To Happen In Europe

Refinery Closures About To Happen In Europe. 22 Nov 2021 by Hellenic. Shell plans to end crude processing at the Wesseling site within the Rhineland refining complex in 2025 as the facilities are repurposed for non-fossil fuel feedstocks and renewable hydrogen production. Shell outlined plans for the facility to take a variety of …


Why are refineries closing amid oil price windfall?

Even as oil and gas companies' profits soar, refineries across the country are being retired and converted to other uses as owners balk.


Shuttered US Refineries Since the Global Pandemic

0 Comments. Share. Topics. Since the onset of the global pandemic, the United States has lost nearly 1 million barrels per day of oil refining capacity, with more set to be shuttered in the next few years. These are the refiners that have closed or cut capacity: LYONDELLBASELL - HOUSTON, TEXAS. CAPACITY: 263,776 barrel-per …


Marathon Petroleum to permanently close two U.S. oil refineries

Marathon Petroleum <MPC.N> plans to permanently close two small U.S. oil refineries in Martinez, California, and Gallup, New Mexico, the company said, eliminating 800 jobs in response to ...


How is Gold Refined?

It uses the chemical attraction between chlorine gas and the impurities in the gold alloy the gas attracts. Chlorine gas is blown or injected into the liquid gold alloy. The impurities in the molten mixture bind with the chlorinated gas and form chloride compounds. The gaseous chloride more readily bonds with these impurities than gold when at ...


Oil refineries are making a windfall but keep closing

Five refineries have shutdown in the United States in just the past two years, reducing the nation's refining capacity by about 5 percent and eliminating more than 1 million barrels of fuel per ...


Oil companies are profiting from the scarcity driven by refineries …

But there is a bottleneck at refineries right now for a few reasons. First off, the oil sector got annihilated early in the pandemic. When demand for gasoline dried up, some refiners cut back.


Precious metal refining: Switzerland and worldwide

The world's gold is melted in Switzerland. Although Switzerland no longer has any significant deposits of precious metals, it does have five of the largest and most important refineries in the world. These are PAMP, Argor-Heraeus, Metalor, Valcambi and Cendres Métaux. Up to 70 percent of the gold produced globally is melted down and processed ...


Shell closing down and selling Oil Refineries in …

Shell is implementing a new downstream strategy to reshape its refining business towards a smaller, smarter refining portfolio focused on further integration with Shell Trading hubs, Chemicals, and …


Grangemouth oil refinery to shut down, raising concern for …

First published on Wed 22 Nov 2023 07.52 EST. Grangemouth oil refinery is to cease operations as soon as 2025 under plans announced by its owner, Petroineos, a joint venture between the Chinese ...


Oil companies are profiting from the scarcity driven by …

June 18, 20228:01 AM ET. Heard on Weekend Edition Saturday. By. Brittany Cronin. 3-Minute Listen. Playlist. Oil refineries have lost capacity over recent years, making it …


Covid-19 Impact: Half of the gold refineries in the country closes down

Agencies. KOLKATA: Half of the gold refineries in the country, the second biggest consumer of gold in the world, have closed down after the global outbreak of Covid-19. Out of the 20 refineries in the country, 10 refineries engaged in refining dore (impure) gold have closed down as dore is not coming from Switzerland, Ghana and …


Deep freeze triggers US Gulf Coast refinery shutdown

Three refineries in Port Arthur, including Motiva Enterprises' 626,000-bpd plant, the nation's largest refinery, have major units shut. The Motiva refinery began a crude unit-coker overhaul on Jan. 8.


Gold Refining

If you are a scrap gold trader looking for gold refining equipment we can also assist you in this area to ensure you are purchasing gold refining equipment from the right manufacturers. Often we can help clients …


Oil refineries face shutdowns as demand …

Energy consultancy Wood Mackenzie estimated 1.4 million barrels per day, about 9 percent, of refining capacity in Europe is at risk of shut-downs by 2022-2023, with plants in the Netherlands, France, and …


Is the Rally in Gold Prices Over? Not So Fast. | InvestorPlace

Gold prices are likely going nowhere but up. Is the rally in gold prices over? If you only believed what you saw on social media, you'd think the answer is yes. All it …


US Refining Capacity Shrinks as Pandemic Shuts Plants

U.S. refining capacity last year fell 4.5% to 18.13 million bbl/d from a record 18.98 million bbl/d a year earlier, the U.S. government reported on June 25, reflecting weak demand for motor fuels during the COVID-19 pandemic. It was the first annual decline since 2018, when capacity fell by 18,530 bbl/d and the largest since 2012, according to ...


South Africa lockdown closes smelter of Africa's only gold …

The smelter of one of the world's biggest gold refineries and the only one in Africa, Rand Refinery Pty. Ltd., will shut down as part of South Africa's 21-day national …