Petrochemicals
LUKoil begins $3bn/year investment plan for Russia downstream projects
Russia’s largest private oil company LUKoil has begun construction on a gas processing plant (GPP) included in a gas chemical facility (GCF) in Budyonnovsk, Stavropol Territory, part of the company’s plan to invest $3 billion/year in downstream operations from 2012 through 2014.
CB&I wins engineering, technology deal for China olefins recovery units
CB&I said on Tuesday that subsidiary Lummus Technology has been awarded a contract by China Coal Shaanxi Yulin Energy & Chemical Co. for the license and engineering design of two light olefins recovery units. The startup of the first unit is expected in 2013.
BASF, Sinopec start up first chemical plants from China venture expansion
The first production facilities in the $1.4 billion expansion of BASF-YPC Co. have now begun operations in Nanjing, China. BASF-YPC is the 50:50 joint venture established in 2000 between Germany’s BASF and China’s Sinopec.
Hydrocarbon Processing forecasts 2012 global HPI spending to rise to $222 billion
Spending for the hydrocarbon processing industry is expected to exceed $222 billion next year, up 1.1% over 2011 spending, according to information released on Friday at Hydrocarbon Processing magazine's 38th annual HPI Forecast and Breakfast.
LANXESS, BioAmber to partner on bioplasticizers
European specialty chemicals producer LANXESS and sustainable chemicals firm BioAmber have partnered to develop succinic acid-based plasticizers that are both renewable and phthalate-free, the companies announced on Thursday.
PolyOne forms Middle East additives joint venture
Specialty polymer materials, services and solutions provider PolyOne has agreed to form a joint venture with E.A. Juffali & Brothers Co. that it says will enable the expansion of its global color, additives and inks business into the Middle East. The new joint venture will be 51% owned by PolyOne and will be based in Jeddah, Saudi Arabia.
PPG finalizes deal for European coatings firm Dyrup
PPG Industries has finalized its purchase agreement to acquire European coatings company Dyrup A/S, based in Copenhagen, Denmark, from its owner, Monberg & Thorsen, a public holding company. The final transaction value, including assumed debt, has been set at €115 million ($160 million). Both parties have agreed on a closing date of Jan. 5, 2012, they said.
Enterprise starts up new NGL fractionator in Texas
Enterprise Products said on Tuesday that its fifth natural gas liquids (NGL) fractionator at its complex in Mont Belvieu, Texas, has begun commercial operations and is operating in excess of its nameplate capacity of 75,000 bpd. The new unit increases total nameplate capacity at the partnership’s Mont Belvieu facility to 380,000 bpd.
Arkema picks Jacobs for engineering, construction on US petrochemical projects
Jacobs Engineering has received a contract from Arkema to provide engineering, procurement and construction management (EPCm) services for two projects at its complex in Clear Lake, Texas. The first is for an acrylic acid expansion and the second a methyl acrylate project, company officials said.
ABB wins automation for Saudi Aramco, Dow plant
Automation technology group ABB has won the main automation contract for Sadara Chemical Co, the Saudi Arabia joint venture between Saudi Aramco and Dow Chemical. Work is underway on establishing Sadara and the related integrated chemical complex in Jubail Industrial City, Saudi Arabia. When fully operational in 2015, the facility will be the largest plastics and chemicals production complex ever built in a single phase.
- 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
