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Petrochemicals

Elliott Group to supply 22 compression trains for Hengli petchem complex

JEANNETTE, PA — Elliott Group announced today that it has been awarded a contract to supply compression equipment for Hengli Petrochemical Refinery’s integrated refining and petrochemical complex now under construction in Dalian, China.

Saudi Aramco to sign deals with US firms during Trump visit

JEDDAH, Saudi Arabia (Reuters) -- Saudi Aramco is due to sign deals with 12 US companies on Saturday during US President Donald Trump's visit to Saudi Arabia, sources with knowledge of the matter said.

Taiwan's Formosa Plastics Group says owners to reduce management role

TAIPEI (Reuters) -- Formosa Plastics Group said on Thursday it will set up a management center next month to allow the owners of one of Taiwan’s biggest conglomerates to reduce their role in the management.

Saudi Aramco says to set up new chemicals unit

JEDDAH, Saudi Arabia (Reuters) -- Saudi Aramco plans to set up a new chemicals subsidiary, the company said in its official magazine, The Arabian Sun, on Wednesday.

Burckhardt awarded modernization project at MOL petchem plant in Hungary

Burckhardt Compression was selected to modernize MOL Petrochemicals' third-party Hyper Compressor at its LDPE plant in Tiszaújváros, Hungary. The goal was to improve production performance and to establish a comprehensive, long-term service capability with a running-hours guarantee.

ADNOC targets growing polymers market from China’s auto, infrastructure sectors

ABU DHABI, UAE – The Abu Dhabi National Oil Company (ADNOC) is targeting rapid growth in demand for its polymer products from China’s automotive industry and the country’s investment in gas and electricity infrastructure.

BASF sees role of oil and gas unit declining further

MANNHEIM, Germany (Reuters) -- BASF, the world's largest chemicals maker, said its focus would be on boosting profitability at its chemicals and crop protection businesses as the contribution to earnings from oil and gas, hurt by low crude oil prices, diminishes further.

South Africa's Omnia buys lubricants supplier Umongo

JOHANNESBURG (Reuters) -- South African fertilizer and mining explosives maker Omnia Holdings said on Thursday it had agreed to acquire an oil products and lubricants supplier as part of its strategy to expand its chemical business.

Total inaugurates revamped Carling petrochemical complex

PARIS – Total has inaugurated its revamped Carling - Saint-Avold petrochemical complex in eastern France following three years of transformation works.

Japan's Tosoh plans $88 MM naphtha cracker upgrade

TOKYO (Reuters) -- Japanese chemical maker Tosoh Corp said on Thursday it will invest about $88 MM to upgrade its 527,000-tpy naphtha cracker in Yokkaichi, central Japan, by 2020.