Petrochemicals
Petronas, Evonik form venture to build Malaysian specialty chemical plants
The plants are expected to produce up to 250,000 tons of hydrogen peroxide, 220,000 tons of isononanol and 110,000 tons of 1-butene annually, according to a joint statement. The chemicals are used in the production of plastics, films, wallpapers, floorings and cables, among others.
Chesapeake to supply Methanex gas in Louisiana
Commencement of natural gas deliveries will coincide with the startup of the plant, which is expected by the end of 2014. This contract will enhance Methanex's ability to reliably supply quality product to its US customers for at least the next 10 years, according to top company officials.
BP awards turnaround management deal to KBR at Alabama aromatics site
The contract is valued at $3.5 million and underscores KBR’s ability to mobilize skilled resources and execute highly complex, time-sensitive projects, according to the companies. The plant uses paraxylene to manufacture plastic bottles, polyester material and new generation polyesters and resins.
Huntsman to revamp advanced materials business
Huntsman, a global leader in differentiated chemicals, says its Advanced Materials business will further increase its focus on opportunities in industries such as aerospace, adhesives, high-performance coatings, power generation, green electronics and large-scale engineering projects.
Sinopec, BASF form venture to build world-scale isononanol plant in China
The full integration of the new INA plant into the existing petrochemical site of MPCC in Maoming will allow for a comprehensive system for managing energy as well as minimizing water use, emissions, and waste. The approval process has begun for the environmental impact assessment.
BASF, Petronas scrap Malaysia chemicals proposal
The proposed partnership was terminated because both parties couldn't agree on the "terms and conditions" for the project in the southern state of Johor, the companies said in a joint statement released Monday.
US energy groups spar with chemical companies over proposed gas exports
By showing favor toward exports, NAM and the ACC risk alienating high-profile member companies in industries such as chemicals and steel. Those firms, including Dow Chemical and Celanese, say unlimited shipments to foreign buyers will create added demand for US gas, raising domestic prices.
Dow Chemical splits from US manufacturing lobby amid gas export dispute
In a letter to NAM president Jay Timmons on Friday, and obtained by Dow Jones Newswires, Dow Chemical accuses the group of siding with member companies that are in the natural-gas industry, rather than adopt "a position of neutrality on an issue that clearly splits its membership."
Hyundai Cosmo opens new Korea paraxylene plant
With the plant's annual output of 800,000 metric tons of paraxylene and 120,000 tons of benzene, the two companies aim to grab a sizeable chunk of Asia's growing petrochemical market. Hyundai Cosmo Petrochemical (HCP) is a 50-50 venture between Japan’s Cosmo Oil and South Korea’s Hyundai Oilbank.
NOVA restores idled Moore LDPE plant in Canada
The company says that during the period between the incident in late 2011 and now, it committed resources and capital to not only rebuild the reactor, but also enhance its ability to operate more safely and reliably, with a streamlined product slate to better serve customers.
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- Hungry to sell, UAE slips hidden oil tankers through Strait of Hormuz 5/8
- Seven markets to track if peace breaks out in the Middle East 5/8
- Asia exports of refined fuels plunge amid Hormuz closure 5/8
- Libya's Zawiya oil refinery shut due to nearby clashes 5/8
- Meghna PVC partners with Jotun to manage corrosion maintenance 5/7
