Polymers
HP Petrochemicals: Global PE demand growth to drive downstream expansions
According to IHS Chemical, global demand for polyethylene (PE) is expected to increase by more than 25% during the next five years, from approximately 85 million metric tons (metric MMt) in 2014, to m..
HP Industry Metrics
Recent declines in oil pricing and the associated volatility in future pricing has created a difficult forecasting environment. Other factors are causing deviations, especially with regard to the resp..
INEOS licenses polypropylene process technology for new China project
The 300,000 tpy Innovene PP plant in Changzhou will produce a wide range of polypropylene products to serve the growing market in China.
Mexico’s major grassroots effort: Ethylene XXI project
The federal government, through Pemex Gas and Petroquímica Básica, using the law that regulates Mexican oil, decided to promote private investment to build a new major petrochemical complex called Ethylene XXI.
HP Industry Metrics
Oil prices continued their downward plunge throughout October and into early November. The decline is due to bearish market fundamentals accompanied by a strong US dollar. Saudi Arabia is not expected..
HP Industry Perspectives: Oil price—How low can it go?
Oil price volatility returned with a vengeance in October amid worries of slower economic growth, weakening oil demand, an unexpected increase in Libya’s output, and an indication by Saudi Arabia..
Chevron Phillips plans polyalphaolefins expansion at Cedar Bayou plant
Final project approval for the Cedar Bayou complex in Texas would be sought in the second quarter of 2015, and project completion is targeted for 2016.
Optimize olefins and aromatics production
Petrochemical yields from the FCCU is an area of increasing interest as more companies try to integrate refining and petrochemical operations.
HP Automation Strategies: Virtualization in process automation systems
Virtualization involves separating an information technology (IT) resource from specific physical hardware. This is usually managed by a specialized software layer called a hypervisor, which provides ..
HP Industry Metrics
Mid–October crude oil prices slumped as the International Energy Agency (IEA) announced a slight increase in global oil demand by 700 Mbpd. In contrast, oil production is forecast to increase by ..
- ITT to acquire SPX Flow for > $4.77 B, expanding leadership in highly engineered components and adjacent flow technologies 12/5
- MOL Group introduces eco-friendly Bag-in-Box packaging for lubricants 12/5
- Addis Energy secures $8.3 MM to scale its transformative approach to low-cost ammonia production 12/5
- World Fuel Services supplies cruise line with waste-based biofuels 12/5
- Chevron announced $18 B-$19-B CAPEX budget for 2026 12/5
- Russia and India sign deal to build urea plant in Russia 12/5
