Petrochemicals
GlobalData: Planned projects poised to raise global propylene capacity levels
China and the US are the primary drivers for expanded global capacity that is estimated to increase to almost 130 MMtpy by 2020.
LUKOIL and SNF Floerger break ground for Russia polymer plant
The plant will be constructed in close proximity to LUKOIL's petrochemical facility to reduce costs for transportation of feedstock and end products.
EIA: US remains top petroleum and natural gas hydrocarbons producer
While the US and Russia total petroleum and natural gas hydrocarbon production is split between petroleum and natural gas, Saudi Arabia heavily favors petroleum.
Technip to provide basic engineering, equipment for Saudi furnace project
Technip will provide basic engineering and proprietary equipment for a grassroots ethylene cracking furnace in Jubail, Saudi Arabia.
ExxonMobil shaves its PP resin prices in US
Demand has been solid, but market prices are being impacted by a surge in availability of imported PP.
GlobalData: Methanol capacity set to reach 184.4 MMtpy by 2020
China, Iran and Mozambique to lead expansion, outstripping planned European production.
US chemical production growth stalls: ACC
In April, the US Gulf Coast was the only region to post a small gain. Output declined slightly in the Northeast, and all other regions were flat, according to the latest ACC data.
Global oversupply of polyethylene, polypropylene challenges margins
The excess capacity will help North American converters be more competitive due to the increased competition associated with PE capacity expansions. However, on the producer side, economics will be challenged as global capacity expansions exceed demand growth.
Arson blamed for 2013 Texas fertilizer plant blast
A call for tighter and more thorough regulations was issued following the deadly blast and ensuing fires.
Saudi Aramco finalizes IPO options, plans more global expansions
Saudi Aramco's continued investment in downstream industry is seen as a crucial element of economic diversification plans.
- TotalEnergies extends its fuel price cap policy in France until the end of April 4/7
- Navigating the montan wax challenge with renewable alternatives for polymers 4/7
- Iran's Revolutionary Guards say they targeted petrochemical facilities in the Gulf 4/6
- Damietta Green Ammonia completes pre-FEED for $873-MM, 150,000-tpy green ammonia facility 4/6
- EIB and Eni sign €500-MM in financing for new biorefinery in Sannazzaro de’ Burgondi 4/6
- India's Reliance buys Venezuelan oil directly from PDVSA 4/6
