Economics
Westlake Chemical completes acquisition of Axiall Corp.
Westlake Chemical Corp. completed the acquisition of Axiall Corp. in an all-cash transaction
World Energy acquires Mississippi biodiesel production facility
World Energy has acquired Elevance Natchez Inc.’s biorefinery located on the Mississippi River in Natchez, Mississippi.
Vietnam to privatize Dung Quat refinery by June 2017
Vietnam aims to privatize its $3 B Dung Quat oil refinery by June 2017, with energy firms from Russia, Thailand and Kuwait expressing interest in taking a strategic stake.
Petrobras refinery mishaps hurt Brazil fuel output
Serial failures at a Petrobras refinery have hobbled about 10% of Brazil's crude-processing capacity, raising safety and efficiency concerns at the financially troubled state-led oil company.
Honeywell launches Unisim Design Suite Release 450
Honeywell Process Solutions launched its UniSim Design Suite Release 450, the newest version of its process modelling software that helps industrial manufacturers increase their engineering effectiveness and optimize their process designs.
Enterprise begins service at new ethane export terminal
Enterprise Products Partners’ first cargo of ethane to be exported from Enterprise’s Morgan’s Point, Texas terminal has been loaded.
ChemChina and Rosneft set framework for FEPCO project future
ChemChina and Rosneft set out the framework for further implementation of the Far-Eastern petrochemical company project during the G-20 summit in Hangzhou.
SABIC says China petrochemical project to cost $3-4 B
Saudi Basic Industries Corp. expects its coal-to-chemicals project in China with Shenhua Ningxia Coal Industry Group to cost $3-4 B.
Williams Partners to explore monetizing Geismar olefins plant
Williams Partners has initiated an adviser-led process to explore the monetization of its indirect ownership interest in the Geismar, Louisiana olefins plant and complex.
Saudi Aramco-Motiva in lead to buy Lyondell's Houston refinery
Saudi Aramco and its US refining JV Motiva Enterprises lead the race to buy LyondellBasell Industries Houston refinery.
- 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
- Babcock & Wilcox awarded $40-MM contract for advanced wet gas scrubbing technology at Canadian petroleum refinery 12/19
- Aarti Industries secures methanol and toluene feedstock supply through multiple long-term contracts 12/19
- bp picks first outsider CEO Meg O'Neill after abrupt Auchincloss exit 12/19
