Petrochemicals
Foster Wheeler, SOCAR form JV to build Azerbaijan oil, petchem complex
Foster Wheeler has agreed to form a jointly-owned company with the State Oil Co. of Azerbaijan Republic (SOCAR) in the Republic of Azerbaijan. SOCAR is a state-owned company engaged in the fields of oil and gas exploration, production, transportation and marketing. It intends to build an oil, gas processing and petrochemical complex in Garadag, Republic of Azerbaijan.
BASF picks Fluor as engineering partner for Asia, Europe chemicals projects
Germany-based BASF has chosen Fluor as an engineering partner for chemicals and petrochemicals projects across Asia and Europe, the companies announced on Thursday. The partnering agreements will cover capital investment projects with separate service orders throughout Asia and Europe.
Praxair signs nitrogen, oxygen supply deal with Brazil petchem major Braskem
White Martins, the Brazil-based subsidiary of Praxair, has signed a 15-year agreement to supply nitrogen and oxygen to Braskem, the largest Americas petrochemical company by capacity and the world’s largest producer of biopolymers.
TPC Group to restart Texas dehydrogenation unit
TPC Group says it has received the Texas Commission on Environmental Quality (TCEQ) air permit necessary for the planned refurbishment, upgrade to air emission controls, and restart of one of its idle dehydrogenation units in Houston. Construction of the required new components for the system, along with refurbishment of the existing unit, began promptly following receipt of the permit, the company said.
Technip awarded engineering contract from Solvay to study China greenfield chem plant
Solvay awarded Technip with an engineering services contract to study construction of a greenfield chemical plant in Taixing, Jiangsu Province, China.
Cereplast to supply bioplastic resins to Turkey
Cereplast entered into a distribution agreement with Polimernet Plastik Ltd. to supply bioplastic resins to the Turkish market, the manufacturer of proprietary bio-based, compostable and sustainable plastics said on Tuesday.
Swiss Lonza to buy biocides firm Arch Chemicals
The Switzerland-based Lonza Group, one of the world's leading suppliers to the pharmaceutical, healthcare and life science industries, will acquire US biocides company Arch Chemicals for $47.20/share in cash, or about $1.2 billion.
Goodyear closes Tennessee tire plant, may signal reduced SBR demand
The Goodyear Tire & Rubber Co. has ceased production at its tire manufacturing facility in Union City, Tenn., the company said on Monday. The tire market is a major consumer of petrochemicals such as styrene-butadiene rubber (SBR).
M&G picks Corpus Christi as site for new PET plant
M&G Group, the largest Americas producer of polyethylene terephthalate (PET) for packaging applications, has selected Corpus Christi, Texas, as the location for its previously-announced 1 million tpy PET plant and accompanying 1.2 million tpy terephthalic acid (PTA) plant.
Sherwin-Williams acquires UK fire protection coatings firm Leighs Paints
UK-based industrial fire protection coatings company Leighs Paints has been acquired by US-based paints major Sherwin-Williams. The acquisition significantly enhances the product portfolio of the company’s protective and marine business, the company said.
- Transitional Industries and CFEnergia sign feedstock supply contract for $3.3-B Pacifico Mexinol project 2/17
- Neste and World Fuel Services extend partnership, expanding SAF availability at more than 100 airports in Europe 2/17
- U.S. refined product exports by tanker increase to > 6.3 MMbpd in January 2/17
- Japan's oil and gas independence climbs to highest since 2009 2/17
- Dangote signs $400-MM equipment deal with China's XCMG to speed up refinery expansion 2/17
- Former Lukoil-owned ISAB refinery in Sicily exits crisis procedure 2/17
