Europe
Chevron’s downstream business soars on higher refined product margins
“Downstream operations were strong, benefitting from lower feedstock costs and improved refinery reliability," said Chevron CEO John Watson.
Braskem, Odebrecht put US ethane cracker plans on hold, citing markets
In a joint statement, Braskem and Odebrecht confirmed to media outlets that the delay is necessary due to present energy market conditions.
Celanese to cut acetate tow capacity by 50% at Belgium chemical plant
Celanese’s Lanaken plant is located in the Belgian province of Limburg and has a current nameplate capacity of 52,000 tpy and employs approximately 240 employees.
SABIC signs deal to import US shale gas for UK petrochemical feedstock
SABIC has signed an agreement to use shale gas imported from the US at its Teesside petrochemical complex in Britain, acting CEO Yousef Abdullah al-Benyan told news agency Reuters.
CB&I wins engineering contract to expand Afipsky oil refinery in Russia
CB&I's project scope includes early detail engineering and procurement services for multiple new process units, including a 2.5-MMtpy hydrocracker unit licensed by Chevron Lummus Global.
Total to convert La Mède refinery to biodiesel plant
After a €200 million conversion, the La Mède site's flagship operation will be a 500,000-tpy biorefinery to manufacture biodiesel primarily from used oils, as well as renewable feedstock.
Total plans €400M upgrade for low-sulfur fuels at France’s Donges refinery
Total is investing €400 million to upgrade its Donges refinery in France to capture profitable new markets with low-sulfur fuels to meet new European Union (EU) specifications.
EU chemicals industry reports stagnant growth, weakening confidence
“The lack of growth in 2014 was partly due to falling exports," said Cefic director general Hubert Mandery. "Though the price of oil has fallen here in Europe, lowering producer costs, long-term problems persist, especially the challenge of securing affordable energy supplies.”
Alfa Laval to supply heat exchangers for ethylene project in Turkmenistan
The Alfa Laval OLMI heat exchangers will be used to increase the yield and recover energy in the production of ethylene at the Turkmenistan project, according to company officials.
GasLog acquires two LNG carriers from BG Group
The two vessels, built in 2010, are the Methane Becki Anne and Methane Julia Louise and each have a cargo capacity of 170,000 m3 and have on-board reliquefaction plants.
- Valmet to acquire Severn Group to strengthen Process Performance Solutions segment 12/22
- World’s first dynamic green ammonia plant starts operations in Denmark 12/22
- Baker Hughes to supply liquefaction equipment for Commonwealth LNG export project 12/22
- South Korea petrochemical firms on track to cut up to 3.7 MM tons of output 12/22
- MOL and JERA sign HoAs for the charter of ammonia carriers 12/22
- China's November fuel oil imports up 15% from October 12/22
