Americas
Plains to expand Louisiana crude terminal in 2012
Plains All American Pipeline said it is proceeding with the fourth phase of an expansion at its terminal facility in St. James, Louisiana. This expansion will include construction of an additional 1.2 million bbl of crude oil storage capacity and is targeted to be completed in the third quarter of 2012 at a cost of approximately $50 million.
ExxonMobil plans Texas lubricant base stock plant
ExxonMobil Chemical said it plans to build a world-scale facility for its metallocene polyalphaolefin (mPAO) synthetic lubricant base stocks at its integrated refining and chemical complex in Baytown, Texas. The facility will have the capacity to produce 50,000 tpy of high-viscosity (Hi-Vis) SpectraSyn Elite mPAO.
GE inks over $800m in Brazil turbine supply deals
GE said it has secured more than $800 million in commitments to supply wind and gas turbines for projects in Brazil that will produce 1.4 gigawatts of electricity – 40% of the total amount awarded in energy auctions conducted recently by Brazil’s National Electric Power Agency.
Strategic buyers lead chemical M&A revival - report
Mergers and acquisitions (M&A) activity in the global chemicals industry surged following the recession, driven by interest from strategic buyers in the specialty chemical sector, according to a report issued Wednesday from Fitch Ratings.
Williams to expand Louisiana ethylene plant by 44%
Williams will expand its olefins production facility in Geismar, Louisiana, the company announced on Tuesday. The expansion will increase the facility's ethylene production by 600 million pounds/year to a new annual capacity of 1.95 billion pounds. It is expected to be completed the third quarter of 2013.
Technip wins Brazil fertilizer plant engineering deal
Technip was awarded a contract for providing basic and front-end engineering services on Petrobras’ grassroots fertilizer complex to be located at Uberaba, state of Minas Gerais, Brazil. The deal was awarded within the framework of a cooperation partnership with Haldor Topsoe, Technip officials said.
EIA sees $125/bbl oil in 2035 amid rising demand from China, India
Global oil prices are likely to remain high, but oil consumption should continue to grow, with both conventional and unconventional liquids used to meet rising demand, according to the International Energy Outlook (IEO2011) study released Monday by the US Energy Information Administration (EIA).
Linde expands nitrogen, oxygen plant in Oregon
US-based gases firm Linde has expanded the capacity of its plant in Hillsboro, Oregon, to supply ultra-high purity (UHP) gaseous nitrogen and oxygen to semiconductor manufacturers in the Pacific Northwest.
Berkshire Hathaway closes on $9.7bn Lubrizol deal
Berkshire Hathaway has officially completed its acquisition of US-based specialty chemicals firm Lubrizol for $135/ share in an all-cash transaction. The transaction, having been overwhelmingly approved by Lubrizol shareholders and having met all US and non-US regulatory filing requirements, is valued at approximately $9.7 billion, including approximately $0.7 billion in net debt.
Butamax disputes Gevo bio-isobutanol patent suit
Butamax Advanced Biofuels is disputing allegations of patent infringement on bio-based isobutanol from rival producer Gevo. “Gevo’s lawsuit against Butamax is baseless and irresponsible” said Paul Beckwith, CEO of Butamax. “When Butamax makes isobutanol, we do not use the technology claimed in the Gevo patents.
- Russian fuel exports fall in 2024 as drone attacks, bans add to sanctions pressure 1/20
- India refiners ask ADNOC to offer oil delivered price as freight spikes 1/20
- China's 2024 low-sulfur marine fuel exports dip 1.6% vs. 2023 1/20
- Marathon restarts hydrotreater at Galveston Bay Refinery, Texas (U.S.) 1/20
- Sungrow Hydrogen wins supply contract for 320-MW green ammonia project in Oman 1/20
- Indonesia expects EU to adjust palm oil biofuel stance after EU ruling 1/17
