Petrochemicals

Clariant signs definitive agreement to sell Quats business

Clariant, a focused, sustainable, and innovative specialty chemical company, announced that it has reached a definitive agreement for the divestment of its Quats business to Global Amines Company Pte. Ltd.

G7 finance ministers agree to Russian oil price cap

The Group of Seven finance ministers plan to implement a price cap on Russian-origin crude oil and petroleum products.

Editorial Comment: Our purpose: 100 yr of striving to deliver technical editorial excellence to the HPI

Nichols, Lee, Hydrocarbon Processing Staff

One hundred years ago, a group of individuals saw a need to disseminate the latest technologies and know-how to improve refining operations, safety, management and profitability. At the time, World War 1 had ended roughly 4 yr prior, and global gasoline demand expanded immensely. In turn, new refining capacity was being built around the world to increase production to satisfy burgeoning demand. Simultaneously, new discoveries were being made to produce plastics, fertilizers and other petrochemical products.

History of the HPI: The 2000s: Net-zero, environmental regulations, capacity acceleration and digital transformation

Nichols, Lee, Hydrocarbon Processing Staff

This final installment of the History of the HPI series details major events in the refining and petrochemicals industry over the past 20 yr, including stricter regulations/initiatives to curb carbon emissions, a safer and more environmentally friendly way to produce and handle chemicals, significant capital investments to boost production capacity and digital transformation.

Axens pyrolysis gasoline unit successfully started-up at Hyundai Chemical petrochemical complex in South Korea

Axens and Hyundai Chemical Co. successfully achieve the start-up of the pyrolysis gasoline (Pygas) unit, part of the Hyundai Chemical petrochemical grassroots complex in Daesan, South Korea.

The downstream rundown: In case you missed it 08/26

In case you missed any downstream news, here are the top stories from last week.

PetroChina’s Dagang refinery commissions new alkylation unit using Ionikylation Technology

PetroChina Dagang Petrochemical Company successfully commissioned a 150,000 tpy Ionikylation unit for the production of high octane alkylate. Start-up activities were completed mid-August.

OPC Foundation and FieldComm Group to develop an instrumentation device profile for OPC UA Field eXchange

The aim is to provide an interoperable interface between PLC / DCS and instrumentation devices, such as transmitters, instruments, and actuators. The solution shall support different industries such as oil & gas, pharmaceuticals, chemicals, energy, water & wastewater, and pulp & paper.

Wood wins two major multi-million-dollar projects in Uzbekistan

Wood has secured two new contracts from Enter Engineering with a combined value of over $200 MM, to deliver major capital investment projects in Uzbekistan.

Baker Hughes acquires Quest Integrity to deliver expanded asset inspection solutions for the energy and industrial sectors

Baker Hughes has announced an agreement to acquire Quest Integrity for technology-enabled asset inspection and reliability management solutions across the pipeline, refining, petrochemical and power generation sectors.