Petrochemicals
Reliance starts capacity expansion work for India polyester projects
Reliance Industries Ltd. (RIL) has begun implementing its planned world-scale projects in India across the polyester chain. This is RIL’s largest capacity expansion in the sector and is aimed at consolidating its position as the world’s largest integrated polyester producer.
Strong global petrochemical margins in early 2011 defy rapidly rising crude prices - study
The petrochemical industry enjoyed a strong start to 2011, defying the sharp rise in crude oil prices, according to a study from global consulting firm Nexant.
Global materials firm Styron to change name to Trinseo in 2011
Styron, a leading US-based global materials firm formed in June 2010, has announced plans to change its company name to Trinseo.
CB&I wins contract for propane dehydrogenation unit, polypropylene plant in Kazakhstan
CB&I announced today that Lummus Technology, a CB&I company, has been awarded a contract from Kazakhstan Petrochemical Industries (KPI) for the license and basic engineering of a propane dehydrogenation unit and a polypropylene plant.
Poll shows 90% of Americans believe refining and petrochem manufacturing are important
A poll released today shows that 90% of Americans believe the nation’s petroleum refineries and petrochemical manufacturing plants are among America’s “most important” or “important” industries.
BASF foam insulating LNG pipes in Korea
BASF’s specialty foam Basotect is now for the first time being used to insulate pipes in a liquefied natural gas (LNG) tank terminal in Gwangyang, Korea.
EPA moves to electronic reporting of new chemical notices
The US Environmental Protection Agency will require electronic submissions for new chemical notices under the Toxic Substances Control Act (TSCA). Beginning today, companies can no longer submit their new chemical notices and support documents on paper for EPA’s review.
Solvay and Rhodia are joining together
Solvay and Rhodia have a framework agreement allowing Solvay to launch a friendly cash offer for 100% of the share capital of Rhodia. The cash offer at €31.60 per share values the equity of Rhodia at €3.4 billion and the enterprise value at €6.6 billion, representing a REBITDA multiple of 7.3x
Evonik starts up new isobutene plant in Antwerp
Evonik Industries, based in Essen, Germany, has started up a new facility to produce high-purity isobutene at its site in Antwerp, Belgium.
Optimize cracked-gas compressors with smart-automation technology
Machine health monitors can provide critical information to avoid unit and plant-wide shutdowns
- 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
