Asia/Pacific
Huntsman licenses PO/MTBE technology to China’s Yantai Wanhua Polyurethanes
US chemicals producer Huntsman said Wednesday that it signed a license agreement with Chinese chemicals manufacturer Yantai Wanhua Polyurethanes for the production of propylene oxide (PO) and methyl tertiary butyl ether (MTBE) - a co-product of PO.
Jacobs wins global services deal from petroleum additives firm Infineum
Jacobs Engineering Group was awarded a contract from Infineum, a world class formulator, manufacturer and marketer of petroleum additives, for a master services agreement for the company's operations in Europe, Asia and North America.
Algae-to-oil group receives order for Australia power station project
OriginOil, the developer of a breakthrough technology to extract oil from algae, said it received a firm order for a large-scale algae extraction system from MBD Energy, a leading solutions provider for industrial CO2 waste management. MBD will install the system at the first of three commercial 'CO2 to energy' power station projects in Australia, the company said.
Specialty chemical firm Chemtura to establish bromine JV with India’s Archean Group
US specialty chemical firm Chemtura signed a deal to establish a strategic alliance, including a joint venture, in bromine and brominated derivatives with India-based Archean Group.
China’s Sinopec, Kuwait Petroleum to begin building $9 billion refining complex in Q1 2012
China’s top refiner Sinopec and state-run Kuwait Petroleum Corp. (KPC) will begin construction of their $9 billion joint venture refining and petrochemical complex in China during the 2012 first quarter, reports said on Monday.
Shell approves floating LNG project in Australia
The executive board of Royal Dutch Shell has made its final investment decision on the Prelude floating liquefied natural gas (FLNG) project in Australia, opting to build the world's first FLNG facility, company officials said on Friday.
Global chemical M&A activity jumps sharply in Q1
Merger and acquisition (M&A) activity in the global chemicals industry jumped significantly in the first quarter of 2011 when compared to the same period of 2010, according to a study from advisory firm PricewaterhouseCoopers (PwC).
IEA warns that high oil prices are hurting economy, seeks additional supply for refiners
The governing board of the International Energy Agency (IEA) says it has serious concerns that that the rise in oil prices is constraining the global economic recovery. In a statement issued on Thursday, the board said there was a “clear, urgent need for additional supplies on a more competitive basis to be made available to refiners to prevent a further tightening of the market”, particularly given the seasonal increase in demand from May to August.
BASF awards Technip with umbrella contract for chemical project work
Germany-based chemical major BASF awarded Technip with an umbrella contract for engineering services on its chemical and petrochemical projects. Both companies are contemplating a long-term partnership, they said, which would provide BASF access to the resources of Technip for its capital investments notably in Europe, but also in other regions.
SABIC, Sinopec to construct 260,000 tonne/year polycarbonate plant in China by 2015
Saudi Basic Industries Corp. (SABIC) and China Petroleum & Chemical Corp. (Sinopec) said on Tuesday that they will build a new polycarbonate production plant in China with a capacity of 260,000 tonnes/year.
- U.S. labor board judge rules Exxon's Texas refinery union lockout was legal 11/28
- U.S. crude stocks fall, gasoline and distillate inventories rise 11/28
- Maersk could use 15%–20% alternative fuels for its fleet in 2030 11/28
- Germany's BSW pushes to restore Russian oil to Schwedt refinery, seeks regional legitimacy 11/28
- Asia likely to benefit from cheaper Canadian, Mexican oil if Trump imposes tariffs 11/28
- Singapore distillates stocks tick up for fifth week 11/28
