Petrochemicals
ACC comments on congressional resolution to address chemical security concerns
WASHINGTON – Congressman Mullin (R-Okla.-02) introduced a resolution today with the support of 15 cosponsors to prevent a new US Environmental Protection Agency (EPA) rule from making changes to the Risk Management Plan (RMP) that will create new security and safety issues.
Suncor Energy closes sale of Petro-Canada Lubricants
CALGARY, ALBERTA -- Suncor Energy announced it has closed the previously announced sale of its Petro-Canada Lubricants Inc. business to a subsidiary of HollyFrontier Corporation for gross proceeds of $1.125 billion, subject to customary closing adjustments.
Axens wins takover bid on Heurtey Petrochem
Following the reopening of an offer on Heurtey Petrochem from Jan. 16-27, Axens now holds 4,354,286 shares and 4,428,786 voting rights of Heurtey Petrochem in concert with IFP Investments. This represents 88.6% of the share capital and 88.3% of the voting rights. The settlement date of the Offer will take place on Feb. 6.
SK Innovation buys Dow Chemical's ethylene acrylic acid unit for $370 MM
SEOUL (Reuters) -- South Korea's SK Innovation said on Thursday it would acquire Dow Chemical Co's ethylene acrylic acid (EAA) business for $370 million, a move that will expand its range of high value-added chemical products.
CB&I announces CDAlky technology award in China
THE WOODLANDS, Texas -- CB&I announced it has been awarded a contract by Shaanxi Yanchang Petrochemical Group for the license and engineering design of an alkylation unit in Yan'an City, Shaanxi, China. The alkylation unit will use CB&I's CDAlky advanced sulfuric acid alkylation technology.
Scientific Design awards Indian Oil MEG plant license
LITTLE FERRY, New Jersey -- Scientific Design Company, Inc. (SD) today announced that Indian Oil Corporation LTD. Has selected SD’s MEG technology for their complex in Paradip, Odisha, India.
Brazil's Petrobras says judge orders suspension of Suape and Citepe sale
BRASILIA (Reuters) -- Brazil's state-run oil company Petroleo Brasileiro SA said on Tuesday a judge had ordered the suspension of the sale of petrochemical companies Suape and Citepe.
Algeria to open bids for petrochemical plants for $6 B
ALGIERS (Reuters) -- Algeria's state energy firm Sonatrach on Monday launched invitations for international engineering firms to bid on four major petrochemical plants worth a total of up to $6 billion, a source at state energy firm Sonatrach told Reuters.
Enterprise to build isobutane dehydrogenation unit in Texas
HOUSTON -- Enterprise Products Partners L.P. announced plans to construct a new isobutane dehydrogenation (“iBDH”) unit in Mont Belvieu, Texas that will have the capability to produce 425,000 tpy of isobutylene. The project, which is supported by long-term contracts with investment-grade customers, is expected to be completed in the fourth quarter of 2019. The isobutylene produced by the plant will provide the necessary feedstock to fill underutilized capacity at Enterprise’s existing downstream octane enhancement and petrochemical facilities.
ACC: US chemical production ended 2016 on a soft note
WASHINGTON – According to the American Chemistry Council (ACC), the US Chemical Production Regional Index (US CPRI) fell back 0.2% in December, following a 0.2% gain in November and a 0.1% decline in October, as measured on a three-month moving average (3MMA) basis. In December, chemical production was lower across all regions.
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