Europe
HP Petrochemicals: Higher international sales boost 2015 earnings above forecast for many chemical leaders
Raw materials costs continue to stay low in the US thanks to the shale boom, but the global decline in oil markets has eroded selling prices for many of the nation’s domestic chemicals and plastics producers.
HP Industry Metrics
Up-to-dateata tables and figures illustrate the state of the worldwide HPI, including cracking spreads, margins and utilization rates.
BASF to sell 25% stake of SolVin PVC venture in Germany to Solvay
The transaction will take place effective July 1, 2015. SolVin was first established in 1999 as a 75-25 joint venture between Solvay and BASF in the area of polyvinyl chloride (PVC).
Air Products CEO takes security precautions after attack on French plant
Soon after the attack, French authorities and emergency services arrived on site, contained the situation, and the site was secured. All individuals working at the site were evacuated. Air Products' crisis and emergency response teams were activated and are working closely with involved authorities.
BASF picks Fluor as global engineering partner for petrochemical projects
The services agreement includes conceptual and front-end engineering, detailed engineering, procurement, project management, construction management and other services.
Jacobs to advise UK on carbon capture program
Under the contract, Jacobs is providing an assessment of the agreed deliverables from two developers of full chain CCS projects as technical advisor to support the program's delivery.
Total to sell German refinery stake to Rosneft
The sale of Total’s minority interest in the Schwedt refinery is in line with the company’s 2017 target to reduce its total European petrochemicals and refining capacity by 20%.
BP, Rosneft to restructure German refining JV
Rosneft would double its minority shares in three refineries: Bayernoil, MiRO, and PCK Raffinerie. Meanwhile, BP would own 100% of the Gelsenkirchen refinery and the DHC Solvent Chemie plant.
GE, Rosneft to collaborate on LNG, gas processing
The parties have agreed to evaluate opportunities for potential cooperation on natural gas processing using GE technology for low-tonnage LNG production.
AkzoNobel, Evonik to form German chlor-alkali JV
The 50-50 joint venture involves the construction and operation of a dedicated plant at AkzoNobel's existing site in Ibbenburen. It will have an annual nameplate capacity of around 130,000 tons of potassium hydroxide solution and 82,000 tons of chlorine.
- SkyNRG starts construction on its first SAF plant in Delfzijl, the Netherlands 2/13
- India's Reliance wins U.S. license for Venezuelan oil 2/13
- Singapore light distillates stocks hit over 3-yr high on robust imports 2/13
- Three contractors injured at ExxonMobil facility in Beaumont, Texas (U.S.) 2/13
- China's epic renewables boom lifts it into rare clean capacity club 2/13
- TotalEnergies booked loss in France due to refining activities, CEO says 2/13
