Europe
Petroplus UK administrator aims to sell Coryton refinery within month
The administrator of Petroplus Holdings’ UK subsidiaries says he aims to reach a deal to sell the Coryton refinery in England within 30 days. "A couple of potential buyers and investors are now in the due-diligence stage," said Unite trade union regional industrial organizer Russ Ball.
Korea's Kepco signs $3.4bn LNG deal with Vitol
Korea Midland Power said Monday that it has struck a $3.4 billion deal with Switzerland's Vitol SA to buy liquefied natural gas (LNG) under a long-term contract. The power-generating unit of Korea Electric Power Corp., known as Komipo, will buy 400,000 tpy of LNG from Vitol from 2015 to 2024.
EuroChem finalizes purchase of BASF fertilizer unit
BASF completed the sale of its fertilizer business in Antwerp, Belgium, to EuroChem. The deal includes plants for CAN/AN fertilizers (calcium ammonium nitrate/ammonium nitrate), NPK fertilizers (nitrogen-phosphate-potassium) and nitrophosphoric acid as well as three related nitric acid plants.
Technip, CIMV to collaborate on 'green' chemistry
Technip signed a cooperation agreement in the green chemistry business with the Compagnie Industrielle de la Matière Végétale (CIMV) to industrialize CIMV’s process. The CIMV technology can be seen as a key enabler for the sustainable green chemistry sector based on non-edible feedstock.
BP, Statoil intrigued by Trans-Anatolian gas pipeline
UK oil major BP and Norway's Statoil are interested in joining the Trans-Anatolian pipeline project to carry Central Asian natural gas across Turkey to Europe. A BP spokesman said it had been asked by Socar whether it might be interested in taking a share in the project and that it is "considering the proposal."
Total taps Foster Wheeler for hydrodesulfurization revamp at Belgium refinery
Foster Wheeler has been awarded an engineering, procurement and construction management (EPCm) services contract by Total for the revamp of a hydrodesulfurization unit at Total’s refinery in Antwerp, Belgium. The value will be included in the company’s first-quarter 2012 bookings.
Dow Chemical to close plants amid cost cuts, cites weak Europe economy
Dow will shut down three insulation products plants as well as idle a plant in Terneuzen, The Netherlands. The company is also closing its TDI plant in Camaçari, Brazil.
Foster Wheeler inks global services pact with Dow
Foster Wheeler has signed a strategic umbrella agreement with Dow Chemical for the provision of project management, consulting, engineering, procurement, construction management, and construction services. The deal offers support by Foster Wheeler to selected Dow global capital projects, the companies said.
Alternate feedstock options for petrochemicals: A roadmap
New hydrocarbons will be needed to meet future demand
Optimize olefin operations
This operating company used process models to find solutions to poor separation performance
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