Petrochemicals
Petro Rabigh to halt Saudi refinery operations for necessary maintenance
Petro Rabigh said supplies of power and steam had been interrupted from its provider, which forced the firm to stop its operations. The firm utilizes 400,000 bpd of crude oil and 1.2 million tpy of ethane as primary feedstock to produce several refined petroleum products and petrochemical products.
European petrochem industry missing out on shale gas benefits – Sabic CEO
Mohamed al-Mady, the Sabic CEO, said the US production boom has driven down gas prices, making electricity cheaper for the energy-intensive industry. The shale gas also often contains ethane, which can be converted into the ethylene that is used in many of the petrochemical industry's products, he said.
Qatar sets up new company to market domestic petrochemical products
The Qatar Chemical and Petrochemical Marketing and Distribution Co., or Muntajat, would have "exclusive rights to purchase, market, distribute and sell Qatar's production of chemical and petrochemical regulated products to the global market". The new entity is expected to start operations in Q1 2013.
Mitsubishi to build US resin processing plant next to new Dow Chemical cracker
The Japanese company plans to set up an acrylic resin-processing plant next to one of the world's largest ethylene plants the US company is set to build in Texas. The two companies aim to use the cheaper, new natural gas to mass-produce value-added chemical products.
Chemical executives cite fiscal cliff, economy as biggest concerns
The new KPMG poll finds 41% of US chemical business executives believe in the current macro-economic environment, the top concern is the ongoing fiscal cliff crisis.
PolyOne buys US composites company Glasforms
The purchase marks PolyOne's entry into advanced composite technology, an adjacency consistent with the company's strategy of providing specialty solutions that deliver customer value. With a purchase price of $34 million, PolyOne said it expects the deal to be accretive to earnings in 2013.
BASF taps Technip, Asahi Kasei for expansion work on German chlorine plant
The work will include a membrane chlorine plant expansion as well as the integration and implementation of existing equipment and facilities. Technip will be responsible for the complete EPC execution of the project, using Asahi Kasei Chemicals' technology and proprietary equipment.
PPG acquires US industrial coatings firm Spraylat
The acquisition furthers the capabilities of PPG’s industrial coatings business for both liquid and powder coatings. Spraylat coatings products are used in industrial markets such as automotive parts, architectural powder coatings, transportation,and general industrial niches.
Akzo Nobel sells North American paints unit to PPG
U.S. Deco, as the Akzo Nobel unit is known, was hit hard by the slump in the US construction and housing market, struggling to compete with bigger US rivals, such as PPG and Cleveland-based Sherwin-Williams. Akzo Nobel originally acquired the business as part of its 2008 acquisition of UK chemicals group ICI.
KBR licenses ammonia technology to Indorama for grassroots Nigeria project
KBR will license its ammonia technology to Indorama to operate a 2,300 tpd ammonia plant. Indorama’s selection of KBR's technology was based on several factors, including the highest demonstrated plant run lengths and the lowest energy consumption, according to project officials.
- CountryMark refinery (U.S.) to use Topsoe technology for renewable diesel production 8/5
- Indorama Ventures reaches 150 billion PET recycling milestone, reaffirming its commitment to a circular economy 8/5
- Kent joins FEED delivery team for Project Union East Coast (UK) 8/4
- Fluenta completes flare technology installation at Louisiana amine plant (U.S.) 8/4
- Dangote appoints ex-Shell executive to lead refinery amid expansion drive 8/4
- Indonesia, Taikun Petrochemical affirm commitment for $5.95 billion project 8/4
