Petrochemicals
Russia joining World Trade Organization will create export opportunities – Dow CEO
Dow Chemical said on Monday that it applauded the work of the Russian and US governments as well as all members of the World Trade Organization (WTO) in finalizing the technical details of Russia’s joining of the WTO. “This is a tremendous step forward in creating more export opportunities, access to the latest goods, technologies and services, and most importantly, partnerships with foreign investors in the further growth of Russia’s thriving business community,” said Andrew Liveris, Dow CEO.
IHS acquires downstream market research firm Purvin & Gertz
Consultancy group IHS has acquired Purvin & Gertz, a global advisory and market research firm that provides technical, commercial and strategic advice to international clients in the petroleum refining, natural gas, natural gas liquids, crude oil and petrochemical industries.
Sinopec confirms deal with Galp Energia to buy 30% of Brazil assets
China Petrochemical Corp. said Friday that it has signed an agreement to buy a 30% stake in the Brazilian unit of Portuguese oil company Galp Energia SA for $3.54 billion. Galp's assets in Brazil include four deep-water blocks in the Santos Basin, it said.
Celanese to buy polyvinyl acetate lines of Ashland
US-based specialty chemicals firm Celanese has agreed to acquire polyvinyl acetate assets from Ashland, including its Vinac and Flexbond product lines, to support strategic growth of Celanese’s emulsion polymers business. Revenues of Vinac and Flexbond were approximately $45 million in 2010.
Cristal, Outotec to partner on TiO2 feedstock plant in Saudi Arabia
Saudi Arabia-based titanium dioxide (TiO2) producer Cristal Global announced what it called a groundbreaking partnership with Outotec, a leading provider of metals processing solutions. Outotec has been selected to build a new fully scalable ilmenite-processing plant for Cristal in Yanbu, Saudi Arabia, estimated to become operational in the fourth quarter of 2013.
US paints, coatings demand to grow 8%/yr - study
US demand for paints and coatings is forecast to increase 7.8 percent annually to $26.2 billion in 2015, according to a new study from US-based market research firm The Freedonia Group. The US paints and coatings market will continue to be impacted by the trend toward sustainability, the study says.
Rhodia completes silica expansion at Illinois plant
Rhodia on Wednesday inaugurated its expansion of highly-dispersible silica production at its Chicago Heights site in Illinois, furthering its commitment to support the future growth of its customers. The expansion increases Rhodia’s North American capacity by 33%.
Dow, Saudi Aramco select Jacobs for engineering, construction of chemicals venture
Jacobs Engineering Group was awarded an engineering, procurement and construction management (EPCM) contract for the Chemicals 1 Envelope of Sadara Chemical Co., the joint venture between Dow Chemical and Saudi Aramco. Construction work on the project has already started and is scheduled to be completed by early 2015.
BioAmber, Mitsui plot Canada biosuccinic acid plant
BioAmber and Mitsui & Co. have officially partnered in Canada to build and operate their previously-announced biosuccinic acid manufacturing facility in Sarnia, Ontario. BioAmber will be the majority shareholder in the plants.
Air Liquide starts up California air separation unit
Air Liquide has started up a new, energy-efficient air separation unit (ASU) at its facility in Rancho Cucamonga, California. The new ASU produces liquid oxygen and nitrogen for a range of industries, including healthcare, food and beverage, steel, glass, electronics, oil and gas, and chemicals.
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- Honeywell to supply digital process and automation technologies to the Dangote refinery 4/9
- Technip Energies awarded contract for Long Son Petrochemicals enhancement project in Vietnam 4/9
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- Japan weighs new release of about 20 days' worth of oil from reserves 4/9
- Germany probes Klesch's planned purchase of bp refinery 4/9
