Petrochemicals
Big Corn courts old foe Big Oil to combat electric car threat
SAN DIEGO (Reuters) -- A US biofuels lobbying group on Tuesday said it is seeking to work with longtime rival the oil industry to fight the threat to both from subsidies for electric vehicles.
Brazil's Braskem cuts capex after fine hits earnings
SAO PAULO (Reuters) -- Brazil's Braskem SA is trimming investments this year as it winds down spending on a new plant in Mexico and cuts back strategic new projects after a bribery settlement hammered earnings last year, according to a Wednesday securities filing.
Enterprise chooses Honeywell UOP technology for new Texas petchem plant
DES PLAINES, Ill. -- Honeywell announced that Houston-based Enterprise Products Operating LLC has chosen Honeywell UOP's C4 Oleflex technology to produce 425,000 mtpy of isobutylene, which is used to make high-octane fuel and high-performance synthetic rubbers and acrylics.
Indian refiners process 1.5% less oil in January
(Reuters) -- Indian refiners processed 21.11 MMt, or 4.99 MMbpd, of crude oil in January, a decline of around 1.5% compared with the same period last year, as many state refiners shut units for maintenance, preliminary government data showed on Wednesday.
Russia's Lukoil sells its petrochemical plant in Ukraine
MOSCOW (Reuters) -- Russian oil producer Lukoil said in a statement on Tuesday it has completed the sale of its Karpatneftekhim petrochemical plant in western Ukraine.
Repsol starts-up new pilot plant for its polycarbonate polyol
Repsol is developing a product for manufacturing a new type of polyol, polycarbonate polyol, which will partially replace its raw material, propylene oxide (a limited fossil resource) with the abundant and sustainable alternative, CO2.
Full start of India Reliance petchem plant will halt heavy naphtha exports
SINGAPORE/NEW DELHI (Reuters) -- India's Reliance Industries, owner of the world's biggest refining complex, will halt heavy naphtha exports in 2017/18 after the full-scale start-up of its 2.2 MMtpy paraxylene plant by end-March, four people with knowledge of the matter said.
South Korea's LPG demand revives with switch to petrochemicals
SEOUL/SINGAPORE (Reuters) -- A shift in the use of liquefied petroleum gas (LPG) to petrochemicals and away from transport has pushed demand for the fuel to new records in South Korea, after years of slumping consumption, a change which mostly benefits US suppliers.
Saudi Aramco launches base oils business as part of downstream integration strategy
DHAHRAN -- Saudi Aramco has announced its intention to enter the base oils business. The Company made the announcement as part of its effort to optimize the value of its petroleum molecules and grow its refining and chemicals portfolio.
Clariant CEO plays down speculation of plastics unit sale
ZURICH (Reuters) -- Clariant's Chief Executive Hariolf Kottmann has doused speculation the Swiss specialty chemical maker could soon unload its plastics and coatings business and use the proceeds to buy a big, faster-growing target.
- 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
