Construction
PTT postpones FID on Ohio ethane cracker project
Even though PTT has postponed their FID on the Ohio ethane cracker project, preparation for the site is still underway.
Business Trends: Will India be Asia’s next downstream powerhouse?
The Asia-Pacific region dominates in the total number of active projects in all sectors of the downstream hydrocarbon processing industry. Just as China has seen unprecedented growth over the past decade, India is emerging as the globe’s new oil demand center.
Reduce revamp costs with appropriate 3D laser scanning strategies
The traditional approach for collecting plant as-built data commonly used for the revamp and retrofit of existing facilities, as well as for plant maintenance and operation, includes manually collecting the data and reviewing existing plot plans, elevation drawings, systems isometrics, or other 2D CAD drawings.
Egypt's new refinery will cut fuel import bill
Egyptian investment firm Qalaa Holdings is confident its new refinery will cut the country's dependence on crucial oil product imports. The $3.7-B Egyptian Refining Co. will have the capacity to produce 4.2 metric MMtpy of refined products
Qatar's Texas LNG venture eyes exports by 2021
Top LNG exporter Qatar anticipates exports from its Golden Pass JV in Texas to begin in 2021. State-run Qatar Petroleum owns a 70% stake in an LNG receiving terminal in Texas that is backed by Exxon Mobil and ConocoPhillips.
New Indonesian refinery to have up to 480-Mbpd capacity
A new refinery in Indonesia that Russia's Rosneft may help build will have a capacity of up to 480 Mbpd.
Business Trends: Global petrochemical overview—Part 2
Part 1 of this series provided an overview on the present state of the petrochemical industry, a breakdown on construction project numbers by region, as well as major trends in Africa, the Middle East and the US. Part 2 examines the landscape in Asia-Pacific, Canada, Europe and Latin America.
Global Project Data
According to <i>Hydrocarbon Processing’s</i> Construction Boxscore Database, nearly 300 new downstream projects have been announced around the globe over the past year.
Strategic assessment of the Iranian petrochemical industry
The recent agreement between Iran and the international community represents clear opportunities and challenges for petrochemical producers.
In-depth and preemptive front-end planning yields positive project results
Despite the challenges that major projects can present (short deadlines, budget constraints and overruns, unforeseen problems onsite and tension throughout executive teams), they can also prove to be a win-win for both the owner and the engineering, procurement and construction (EPC) firm.
- ITT to acquire SPX Flow for > $4.77 B, expanding leadership in highly engineered components and adjacent flow technologies 12/5
- MOL Group introduces eco-friendly Bag-in-Box packaging for lubricants 12/5
- Addis Energy secures $8.3 MM to scale its transformative approach to low-cost ammonia production 12/5
- World Fuel Services supplies cruise line with waste-based biofuels 12/5
- Chevron announced $18 B-$19-B CAPEX budget for 2026 12/5
- Russia and India sign deal to build urea plant in Russia 12/5
