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Slowing Demand Growth to Push Big Oil From Cars to Chemicals
Monday, October 16, 2017 Global oil demand growth will slow to a crawl and gasoline use will peak within the next decade, prompting companies to accelerate the shift to natural gas and chemicals, according to WoodMac.
China's Hengyi Opens Singapore Trade Office For Brunei Oil-Petchem Project
Monday, October 16, 2017 Hengyi Group has started a trading office in Singapore to buy crude and trade oil products from its $3.4B Brunei project, company officials say.
Sasol Plans More Hiring for Louisiana Project
Thursday, October 12, 2017 Company hits milestone for $11 billion ethane cracker and derivatives project.
Fluor to Lead Engineering, Procurement for $2.4B Texas Project
Tuesday, October 10, 2017 Fluor gets another role in $2.4B LyondellBasell Texas project.
CEFC Head Riffs on $30 Oil and Rosneft in 12,000-Word Note
Tuesday, October 03, 2017 While there's a risk oil may slide below $30 as its displaced by alternative energy sources, it will still be used to make petrochemicals, said the head of the enigmatic Chinese company.
Petronas Chem Sells Half Of Polymers Business To Saudi Aramco For $900MM
Monday, October 02, 2017 Petronas Chemicals Group Bhd (PCG) says it plans to sell 50% of a polymers unit to Saudi Aramco's wholly owned subsidiary.
Reliance Outbids Rivals to Buy Its Own Coal-Bed Gas Until 2021
Wednesday, September 27, 2017 Reliance outbid rivals to buy the entire volume of coal-bed methane produced from its own blocks, a move that may help it boost margins and replace more expensive imported fuel at its petrochemicals plants.
Exec: Dongming Steps Up Crude Purchases In 2017 For Shandong Oil Refiners
Wednesday, September 27, 2017 Pacific Commerce, the trading arm of refiner Shandong Dongming Petrochemical, has purchased 66% more crude oil in 2017 than last year.
Focus On: Earnings Reports
Oil And Chemical Spills From Hurricane Harvey Big, But Dwarfed By Katrina
Friday, September 15, 2017 More than 22,000 barrels of oil, refined fuels and chemicals spilled at sites across Texas in the wake of Hurricane Harvey.
Ifax: Saipem To Conduct Feasibility Study On Rosneft Chemical Plant
Friday, September 15, 2017 Rosneft has commissioned Saipem to conduct a technical and commercial feasibility study of Rosneft's planned petrochemical plant.
'Beautiful Coal' Seeks New Life as Carbon Fiber for Vehicles
Thursday, September 14, 2017 Cheaper carbon fiber could expand demand for the material.
CB&I Wins China PDH Unit Contract
Monday, September 11, 2017 Propane dehydrogenation unit will boast 600,000 metric tons per year of propylene production capacity.
US Coast Guard, EPA Cleaning Up A Dozen Texas Chemical Spills After Harvey
Monday, September 11, 2017 The US Coast Guard and the EPA are working with Texas state regulators to clean up oil and chemicals spilled from a dozen industrial facilities after flooding from Hurricane Harvey.
Police And EMTs Sue Arkema Over Chemical Plant Fire After Harvey
Thursday, September 07, 2017 Police and emergency workers filed suit against Arkema SA.
World's Most Crucial Chemical Suddenly in Short Supply on Harvey
Friday, September 01, 2017 Harvey has thrust the US Gulf Coast chemical industry into uncharted territory.
Dow, DuPont Complete Planned Merger to Form DowDuPont
Friday, September 01, 2017 Dow and DuPont announced the merger in December 2015.
Texas Explosions Show Chemical Industry Pushed to Its Limits
Thursday, August 31, 2017 In its devastatingly slow crawl up the industrial Gulf Coast, Hurricane Harvey is proving to be the biggest test yet of the safety and vulnerabilities of the US chemicals industry.
Arkema Exec Expects Chemical Fire At Flooded Texas Plant
Wednesday, August 30, 2017 Arkema expects chemicals to catch fire or explode at its heavily flooded plant in Crosby in the coming days, and has no way to prevent that from happening, the company says.
EPA Sends People, Planes To Gauge Pollution From Texas Storm
Wednesday, August 30, 2017 Flooding from Harvey has also triggered a handful of spills and releases from petrochemical facilities in Texas.
Arkema Evacuates Texas Chemical Plant Amid Explosion Risk
Tuesday, August 29, 2017 The company said in a statement the situation at its Crosby, Texas, plant "has become serious."
Thyssenkrupp Wins Order to Build Fertilizer Plant in Brunei
Tuesday, August 29, 2017 The order will provide a much-needed boost to Thyssenkrupp's struggling industrial solutions division.
Dow Chemical Plans to Boost Stake in Sadara JV to 50 Pct
Monday, August 28, 2017 The Sadara complex has 26 integrated facilities and the capacity to produce more than 3 million tonnes of products per year.
ExxonMobil Says Completes Singapore Refining-petchem Plant Acquisition
Monday, August 28, 2017 The acquisition will boost the U.S. company's aromatics production in Singapore to more than 3.5 million tonnes per year.
Harvey Disrupts More Than One Third of US Chemical Production
Monday, August 28, 2017 The disruption threatens shortages for basic industrial building blocks such as chlorine and ethylene.
Thai PTTGC And Japanese Partners In $900MM Chemical Venture
Friday, August 25, 2017 Polyols is a key material for polyurethane, which is used in the automotive, electrical and electronics and construction sectors.
German Chemical Industry Warns of Disruption After Rail Closure
Friday, August 25, 2017 Deutsche Bahn has said that Rhine Valley Railway line would remain closed until Oct. 7.
India's Reliance To Boost Profit, Naphtha Exports By Using Ethane
Thursday, August 24, 2017 Reliance expects to increase operating profit and naphtha exports as it switches to cheaper ethane at its petrochemical projects, a company executive says.
Saudi Aramco, SABIC Launch Bidding At Key Chemical Project
Thursday, August 24, 2017 Saudi Aramco and SABIC have launched bidding for engineering work on their joint crude oil to chemicals project.
Sasol Tempers Return Expectations for $11 Billion Project
Monday, August 21, 2017 Sasol lowered estimated returns at its $11 billion Lake Charles chemicals project in the US and said it's disputing a revised tax bill in South Africa.
Sinopec Engineering Arm Taps Asia Petrochemicals Growth
Monday, August 21, 2017 Sinopec Engineering won 17.8 billion yuan ($2.67 billion) of new contracts in the first half.
Shell Divests Stake in Saudi JV
Wednesday, August 16, 2017 Shell has completed the sale of its 50-percent stake in the SADAF petrochemicals joint venture to SABIC, Shell announced Tuesday.
Saudi's Sadara Commissions Last Plant of Its Saudi Petchem Complex
Monday, August 14, 2017 TDI is mainly used in the production of flexible polyurethane foam for furniture, mattresses and car seats.
Fluor Wins Malaysia Isononanol Plant Contract
Monday, August 07, 2017 The chemical building block isononanol is used in plasticizers for automotive and building applications.
LyondellBasell Plans Its Largest Investment Ever Near Houston
Friday, July 21, 2017 The new PO/TBA project should create up to 2,500 construction and approximately 160 permanent jobs.
India's Reliance Industries' 1Q Standalone Profit Up 9%, Tops Estimates
Thursday, July 20, 2017 Reliance Industries posts a 9% rise in first-quarter standalone profit, helped by higher margins from its core petrochemicals business.
The Fossil Fuels Plant That Pits Trump's Base Against Itself
Thursday, July 20, 2017 For a landmark fossil-fuel program deep in Trump country, it's not environmentalists who are the biggest threat. It may be Donald Trump himself.
India Refiner HPCL Sees More Scope For Foreign Buys After ONGC Deal
Thursday, July 20, 2017 Hindustan Petroleum sees itself better placed to buy overseas downstream assets once it becomes part of the country's top explorer Oil and Natural Gas Corp, its chairman M. K. Surana said.
Asia's Naphtha Trapped in Downward Spiral as Supply Glut Hits
Monday, July 17, 2017 Asia is being hit with a naphtha supply glut that could push the market down further.
S.Korea's Hanwha Total Says Naphtha Cracker Shut After Lightning Strike
Monday, July 17, 2017 South Korea's Hanwha Total said on Monday its naphtha cracker in Daesan has been shut due to power outages caused by a lightning strike.
France's Arkema Looks to Specialty Chemicals to Drive Growth
Tuesday, July 11, 2017 Arkema plans to invest around 300 million euros ($341.76 million) to achieve a 50 percent production capacity increase for polyamide 11.
Linde to Build New PP Line at Braskem Texas Site
Tuesday, July 11, 2017 The project is expected to employ approximately 1,000 development and construction workers.
Indonesia Ethylene Expansion Contract Goes to CB&I
Monday, July 10, 2017 PT Chandra Asri Petrochemical Tbk (CAP) has awarded CB&I a contract to supply materials for the revamp of existing cracking heaters at CAP's naphtha cracker plant in Cilegon, Indonesia,
Zhejiang Starts Construction Of China's First Private Oil Refinery Site
Monday, July 10, 2017 Zhejiang Petrochemical started construction of the first phase of its oil refining and petrochemical complex.
Saudi's Sadara Chemical Starts Propylene Glycol Plant
Monday, July 10, 2017 Sadara Chemical starts production at its propylene glycol plant.
Total Nears Deal To Invest Up To $2B In Iran's Petrochemical Industry
Tuesday, July 04, 2017 Total and Iran reach a preliminary agreement to build 3 petrochemical plants in a deal that could see the French oil major invest up to $2 billion in Iran.
Malaysia's Lotte Chemical Prices IPO At Bottom Of Range, To Raise $878 MM
Tuesday, July 04, 2017 Lotte Chemical Titan Holding says its initial public offering (IPO) was priced at 6.50 ringgit ($1.51) per share, the bottom of an indicative price range.
Lotte Chemical Titan Cuts Malaysian IPO Size On Tepid Investor Response
Monday, July 03, 2017 Lotte Chemical Titan Holding cut the size of its initial public offering on Monday due to tepid demand for its shares.
S.Korea Exports Post Double-Digit Growth In June For Sixth Month In A Row
Monday, July 03, 2017 South Korea's exports post double digit-growth for a sixth month in a row in June as normalizing global demand continued to boost sales of memory chips and petrochemical products.
Braskem To Invest $675MM In 6th US-Based Polypropylene Plant
Thursday, June 22, 2017 Braskem will invest $675 million to build a sixth US-based polypropylene-production plant.
Russia's Rosneft Works On New Strategy, Plans To Hike Dividends
Thursday, June 22, 2017 Igor Sechin says the company is working on a new strategy to counter the challenges of the global oil market and plans to pay higher 2017 dividends.
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