Petrochemicals
HP Viewpoint: The high cost of overregulation
The US does not need to choose between healthy environment and healthy economy when it can have both.
HP Insight: Government, environment and taxes, oh my!
In this issue of HPInsight, the global hydrocarbon processing industry (HPI) still battles some very familiar and present day challenges, such as economic cycles, feedstock spikes, government over reg..
HP Construction: South America
Toyo Engineering Corp., in consortium with Y&V Ingeniería y Construcción, C.A., has a project management consultant (PMC) contract for the heavy-oil upgrading project of Petróleos de Ve..
HP Construction: Europe
Lummus Technology, a CB&I company, has been awarded a contract by CJSC Vostochnaya Neftechimicheskaya (VNHK), a subsidiary of OJSC Rosneft, for the license and basic engineering of a naphtha steam-cra..
HP Construction: Middle East
The State of Qatar’s Minister of Energy and Industry, Dr. Mohammed bin Saleh Al-Sada, and Shell’s CEO, Peter Voser, have signed an agreement to develop a world-scale petrochemicals complex i..
HP Construction: Asia-Pacific
The Linde Group is set to build and operate a new hydrogen plant in the Jilin Chemical Industrial Park (JCIP) in northeast China. The company will be investing around €42 million in the first pha..
HP Impact: Bio-based polymers could be next big thing
Biofuels and bio-based chemicals have been promoted as a potential solution for dependence on petroleum. They also have favorable greenhouse gas emissions compared to fossil fuels and petrochemicals b..
Westlake Chemical raises bid for Georgia Gulf
Westlake Chemical has submitted a revised proposal to the board of Georgia Gulf to acquire all the outstanding shares of the company for $35.00/share in cash. The revised proposal represents a 17% increase to Westlake’s previous bid, the company said.
Yara, Apache take control of Burrup ammonia plant in Australia
Apache has acquired 49% interest in Burrup Holdings, owner of an ammonia fertilizer plant in the Burrup Peninsula region of Western Australia. Meanwhile, Yara paid $143 million to increase its ownership in the 850,000 tpy plant to 51% from 35%.
Georgia Gulf rejects revised takeover bid from Westlake Chemical
Georgia Gulf on Wednesday rejected the revised takeover bid from US-based Westlake Chemical, which bumped its offer to $35/share from an earlier $30/share. The company said the offer was far from compelling and did not represent an appropriate price to discuss the sale.
- BASF supports European 1,4‑butanediol supply security through increased production in Ludwigshafen 2/16
- Vitol backs proposed $3-billion LNG power plant for South Africa's Durban port 2/16
- HAMR Energy receives additional funding for low-carbon liquid fuels projects 2/16
- NASCAR names POET official bioethanol partner: Becomes first major motorsports series to utilize zero-carbon bioethanol 2/16
- ExxonMobil starts third advanced plastics recycling unit at Baytown complex 2/16
- Geoinform, subsidiary of the MOL Group, signs strategic cooperation agreement with Baker Hughes 2/16
