Asia/Pacific
Shell tells Technip, Samsung to begin construction of Australia floating LNG facility
Shell has instructed the Technip Samsung consortium (TSC) to proceed with construction of the first floating liquefied natural gas (FLNG) facility in the world, officials said on Tuesday.
Biofuels growth to be led by algae - consultants
Among next generation renewable fuel alternatives, algae stands out as one of the most promising and scalable options with the potential to supply key fuel and co-product markets, according to a recent study from consulting firm Pike Research.
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.
- Valmet to acquire Severn Group to strengthen Process Performance Solutions segment 12/22
- World’s first dynamic green ammonia plant starts operations in Denmark 12/22
- Baker Hughes to supply liquefaction equipment for Commonwealth LNG export project 12/22
- UPM unlocks new bio-based markets as Leuna biorefinery produces its first commercial product 12/19
- Stamicarbon awarded technology licensing contract for new urea plant in Eastern China 12/19
- Ford takes $19.5-B writedown on EV business 12/19
