Middle East
Aramco, ExxonMobil tap Axens for ultra-low sulfur control at SAMREF refinery
The objective of the APC solution from Axens is to achieve substantial economic benefit by providing extremely precise control of product sulfur content while minimizing octane loss and reducing consumption of hydrogen and utilities.
Takreer taps Jacobs for waste heat recovery FEED work at Ruwais refinery
Jacobs has been contracted to provide FEED services that focus on raising efficiency at the plant to enhance power generation and water production, while reducing adverse environmental impacts.
HP Viewpoint: Interesting times to continue for refiners in 2016
A year ago in this publication, John England and Ashnu Mittal were prescient in their article titled “US shale revolution set to spill over into downstream.”
HP People
Michael D. Scott has been named an International Society of Automation (ISA) Fellow, a distinguished grade that is granted to ISA senior members in recognition of outstanding achievements in scientific or engineering fields.
Iran targets new investments in refineries abroad
"Buying the oil refineries or their shares abroad is the policy of Iran after the lifting of sanctions," said Abbas Kazemi, head of the National Iranian Oil Refining and Distribution Co.
Low oil jeopardizes Middle East chemical projects
The recent cancellation of the Al Sajeel and Al Karaana projects in the Middle East, consultant Sanjay Sharma said, are examples of how the oil price slowdown is already impacting specific investments in the region. He expects producers are going to be fairly cautious going forward with new investments.
Honeywell to supply technology, automation for Iraq’s new Karbala refinery
The grassroots refinery will use leading refining processes from UOP and automation controls from Honeywell Process Solutions (HPS) to allow the Karbala refinery to maximize production.
HP Industry Metrics
A sharp drop in the gasoline crack spread following the end of the US driving season and increasing inventories caused refinery margins to fall.
Dow Chemical to reduce role in Kuwait JVs, plans new US Gulf MEG plant
MEGlobal will build a new MEG plant on the US Gulf Coast -- enabling MEGlobal and its parent companies to enjoy growth and drive significant expansion of MEGlobal’s geographic footprint.
Global petrochemical prices fall to six-year lows
Petrochemical prices, expressed as a monthly average, fell $102/ton from August to $786/ton in September. This is the second straight month where the average price has fallen over $100.
- 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
