Aromatics
BP unveils global energy outlook through 2030, boosts demand estimate
Global energy demand will continue to grow over the next 20 years, albeit at a slowing annual rate, fueled by economic and population growth in non-OECD countries, BP said in its Energy Outlook 2030 report. The demand projection is up 1.2% from the year-earlier estimate.
Georgia Gulf rejects $1bn unsolicited takeover bid from Westlake Chemical
The board of directors for US chemicals firm Georgia Gulf rejected Westlake Chemical’s unsolicited proposal to acquire the company for a $30/share bid, valued by analysts at just over $1 billion. Georgia Gulf also modified its shareholder rights plan in hopes of thwarting the bid.
Westlake bids for US chemicals firm Georgia Gulf
Westlake Chemical has submitted an unsolicited proposal to US-based chemicals firm Georgia Gulf to acquire all of the outstanding shares of Georgia Gulf for $30/share in cash. Thus far, Georgia Gulf’s management “has been unwilling to engage in substantive discussions", the company said.
Apply new enhanced tubes to optimize heat transfer in LNG trains
New developments for heat exchangers reduce capital and plot size of key equipment
HP Construction: Asia Pacific
Davy Process Technology Ltd., a Johnson Matthey company, and The Dow Chemical Co.’s Oxygenated Solvents Business, have announced that Wison (Nanjing) Clean Energy Co., Ltd., has selected LP Oxo S..
Chevron Phillips Chemical plans new Texas ethane cracker for 2017
The company will build a world-scale cracker at its existing Cedar Bayou complex as well as two nearby polyethylene units.
HPI Market Data 2012 Executive Summary
THE NEXT STEPThe economic recovery continues for the global hydrocarbon processing industry (HPI). Energy drives economic growth. Unfortunately for developed nations, stronger economic recovery remain..
CB&I lands engineering pact for new petrochemical complex in Russia
CB&I has been awarded a contract by OJSC Rosneft for the license and basic engineering of a naphtha steam cracking unit and a butadiene and benzene extraction unit for a new petrochemical complex in Russia. The steam cracking unit, which will be the world’s largest, is designed to produce more than 1.4 million tpy of ethylene and more than 600,000 tpy of propylene.
Improve material balance in high-purity distillation control
Using dual-composition conserved energy efficiency, reduced reprocessing and allowed higher throughput
HP Construction: Middle East
L&T Hydrocarbon has a project order, valued around $150 million, from Petroleum Development Oman LLC (PDO). The order is to set up a greenfield project planned to treat an average of 3 million standar..
- Digital Exclusive: Monetizing stranded offgases from oil and gas facilities 8/18
- Pemex getting Texas refinery ready for large-scale overhaul 8/18
- China still storing crude oil even as refinery runs rise 8/18
- China's CNAF to invest in private Chinese SAF plant 8/18
- Lukoil's Volgograd refinery halts oil processing after drone attacks 8/18
- PSB Industries’ advanced line of specialty gas dryers for the oil and gas industry 8/18
