Petrochemicals
Brazil's Braskem close to leniency deal in US, Brazil
SAO PAULO (Reuters) -- Brazil's petrochemical company Braskem SA said in a securities filing on Friday it was "in advanced talks" with authorities in Brazil and the United States related to a corruption investigation known as "Operation Carwash."
Industry Perspectives: New downstream project announcements drop 35% in 2016
According to <i>Hydrocarbon Processing’s</i> Construction Boxscore Database, nearly 470 new projects have been announced in the downstream hydrocarbon processing industry over the past two years. New project announcements have fallen from 285 in 2015 to 185 in 2016. This trend analysis represents a year-over-year decrease of approximately 35%.
Viewpoint: A new value proposition for a licensor and EPC contractor
The drop in oil prices has changed the overall dynamics of the hydrocarbon processing industry (HPI), as well as reduced prices for petrochemical products. Approximately $150 B of oil and gas projects have been canceled or put on hold.
Editorial Comment: Hydrocarbon Processing forecasts $321 B in total HPI spending in 2017
What is the state of the global hydrocarbon processing industry (HPI)? Which regions and sectors are seeing growth, and which are stagnant, or possibly shrinking? These were some of the questions that <i>Hydrocarbon Processing</i> editors tackled at the 43rd Annual <i>Hydrocarbon Processing</i> Forecast Breakfast.
BASF to increase price for diols and derivatives in North America
FLORHAM PARK, NJ, – Effective Jan. 1, 2017 or as existing contracts permit, BASF will increase prices on its list and off-list prices in North America for 1,4-Butanediol (BDO) and derivatives.
Innovations
Power generation and heating, ventilation and air conditioning (HVAC) specialty rental company, Aggreko Plc., and sulfuric acid alkylation technology licensor, DuPont, have collaborated to provide Aggreko temperature control, including chiller systems, to STRATCO sulfuric acid alkylation customers.
Industry Metrics
Stronger demand and falling inventories allowed US gasoil cracking spreads to recover, while gasoline was supported by outages.
Axens announces bid for petrochem group
Axens announces the launch today, of its takeover bid for the shares of Heurtey Petrochem group.
Japan's Idemitsu JV plans to expand LPG use at naphtha cracker
TOKYO (Reuters) -- Japan's Idemitsu Kosan said on Tuesday its JV with Mitsui Chemicals would conduct work to expand the processing of propane at Idemitsu's naphtha cracker to take advantage of cheap liquefied petroleum gas (LPG) prices.
Rockwell Automations analytics solutions scale from device through enterprise
Rockwell Automation is releasing expanded and scalable analytics offerings to help customers more quickly and easily gain insight from their investments in automation technology.
- NAPCOR releases 2024 PET recycling report highlighting system efficiency gains and continued strength of PET circularity 12/12
- OQ courts other partners for petrochemical complex in Oman as SABIC drops out 12/12
- Brazil's BNDES approves $71 MM for carbon storage project 12/12
- Cuba on edge as U.S. seizure of oil tanker puts supply at risk 12/12
- China oil demand to plateau between 2025 and 2030 12/12
- Germany's PCK refinery says no impact from pipeline leak 12/12
