Construction
Amec awarded Shell global downstream framework agreement
Amec Foster Wheeler announced the award of a five-year global Enterprise Framework Agreement (EFA) with Shell Global Solutions International, B.V. to provide engineering, procurement and construction management (EPCM) services for its downstream projects worldwide.
Global Project Data
According to <i>Hydrocarbon Processing’s</i> Construction Boxscore Database, more than $400 B is being invested in active petrochemical projects around the world.
Business Trends: Africa—Will increasing demand spark downstream capacity builds?
Over the past decade, Africa’s oil demand has increased by more than 1 MMbpd, to nearly 3.9 MMbpd. Africa’s oil production is more than double the amount it consumes, but lack of investment, failing infrastructure and inadequate refining capacity force the continent to rely on imports to satisfy increasing fuel demand.
Industry Perspectives: Global petrochemical sector to see robust growth to 2020
The global petrochemical sector will continue to see strong growth through the end of the decade, despite a decrease in new project announcements. The crash in energy markets has shifted the industry’s mindset from bullish to optimistic.
TOYO awarded FEED, EPC projects in Indonesia
Toyo Engineering Korea Limited, Korean subsidiary of Toyo Engineering group, has been awarded the Front End Engineering Design (FEED) Contract for a new polyethylene project of PT Chandra Asri Petrochemical Tbk (CAP).
Sinopec to start operating Zhanjiang commercial oil tanks; SPR site delayed
BEIJING (Reuters) -- Sinopec Corp is expected to start operating by June a new commercial crude oil tank farm in the southern Chinese city of Zhanjiang, where a large strategic reserve site is also under construction, three industry sources said this week.
Driving innovation in the downstream: IRPC returns to New Delhi
Gulf Publishing Company and Hydrocarbon Processing are pleased to announce that IRPC 2017 will be held April 18–20 in New Delhi.
Zachry Group acquires Ambitech Engineering Corporation
SAN ANTONIO -- Zachry Group announced that it has acquired Chicago-based Ambitech Engineering Corporation, a global, full-service provider of engineering, design, project management, procurement and construction management services.
Judge denies tribes' request to block final link in Dakota pipeline
WASHINGTON (Reuters) -- A US federal judge on Monday denied a request by Native American tribes seeking to halt construction of the final link in the Dakota Access Pipeline, the controversial project that has sparked months of protests by activists aimed at stopping the 1,170-mile line.
Global Project Data
According to Hydrocarbon Processing’s Construction Boxscore Database, new project announcements have averaged 11 per month since mid-2016.
- ABB enhances AI capabilities of flagship industrial device digital solutions 4/17
- XCF, DevvStream, Southern Energy Renewables partner to bring transferable 45Z clean fuel credits to market 4/17
- HyOrc completes independent process and technology verification for waste-to-methanol platform 4/17
- Bottled lightning makes a cleaner fuel: Research shows how bursts of plasma convert methane into methanol without high heat and pressures 4/17
- Evonik launches high performance isodewaxing catalysts for fuels and lubricants production 4/16
- BASF to increase its price for neopentylglycol in the U.S. and Canada 4/16
