Petrochemicals
BASF sees role of oil and gas unit declining further
MANNHEIM, Germany (Reuters) -- BASF, the world's largest chemicals maker, said its focus would be on boosting profitability at its chemicals and crop protection businesses as the contribution to earnings from oil and gas, hurt by low crude oil prices, diminishes further.
South Africa's Omnia buys lubricants supplier Umongo
JOHANNESBURG (Reuters) -- South African fertilizer and mining explosives maker Omnia Holdings said on Thursday it had agreed to acquire an oil products and lubricants supplier as part of its strategy to expand its chemical business.
Total inaugurates revamped Carling petrochemical complex
PARIS – Total has inaugurated its revamped Carling - Saint-Avold petrochemical complex in eastern France following three years of transformation works.
Japan's Tosoh plans $88 MM naphtha cracker upgrade
TOKYO (Reuters) -- Japanese chemical maker Tosoh Corp said on Thursday it will invest about $88 MM to upgrade its 527,000-tpy naphtha cracker in Yokkaichi, central Japan, by 2020.
ExxonMobil buys Singapore petchem plant, boosts output in Asia
SINGAPORE (Reuters) -- ExxonMobil Corp said on Thursday it has reached an agreement to buy a refining and petrochemical plant owned by Jurong Aromatics (JAC) in Singapore that will boost its output and meet demand in Asia.
Honeywell technology selected for largest petchem project in China
DES PLAINES, Ill. – Honeywell UOP announced that Zhejiang Petrochemical Co. Ltd. will use four of its Polybed pressure swing adsorption (PSA) units to supply high-purity hydrogen for its new integrated refining and petrochemical complex in Zhoushan, Zhejiang Province.
Florida legislatures pass bill increasing recovery of post-use, non-recycled plastics
WASHINGTON – The Florida House and Senate this week passed Resource Recovery and Management (HB335). The American Chemistry Council’s Plastics Division issued the following statement, which may be attributed to Craig Cookson, senior director of recycling and energy recovery:
Petronas, Saudi Aramco explore petchem expansion in Malaysia
KUALA LUMPUR (Reuters) -- Malaysian state-owned oil company Petronas and its partner Saudi Aramco are studying projects to build more petrochemical plants to make full use of raw materials from their JV in Malaysia.
India's top refiner in early talks with Aramco for downstream project
KUALA LUMPUR (Reuters) -- India's top refiner said it is in initial talks with Saudi Aramco on downstream investments, including a mega project on its west coast, that could help the OPEC member lock-in customers amid an oil supply glut.
EIA: Petroleum product exports from Central Atlantic US unusually high in February
Exports of finished petroleum products from the Petroleum Administration of Defense District (PADD) 1B, which comprises the US Central Atlantic states (Delaware, District of Columbia, Maryland, New Jersey, New York and Pennsylvania), reached a record high for the month of February, as petroleum product prices in that region weakened compared with prices in the rest of the Atlantic Basin region.
- CNOOC completes construction on $2.9-B, 1.8-MMtpy integrated complex in east China 8/22
- bp's Whiting refinery (U.S.) continues to flare days after severe thunderstorm 8/22
- Bachmann introduces latest version M-Target for Simulink 8/22
- U.S. to rule on biofuel waivers, but big oil refiners may need to wait 8/22
- Chinese independent refiner Hongrun buys Canadian, Brazilian crude 8/22
- Ukrainian attack suspends Russian oil flows to Hungary, Slovakia 8/22
