Petrochemicals
Technip, Chemetry sign cooperation agreement for EDC technology
Technip and Chemetry have signed an exclusive cooperation agreement for the licensing and engineering of Chemetry’s eShuttle technology for the production of ethylene dichloride (EDC). EDC is a commodity chemical produced worldwide and used primarily for PVC plastic production.
ACC: US chemical industry continues to outpace industrial output
WASHINGTON – The business of American chemistry is strong, and getting stronger, according to the American Chemistry Council’s (ACC) “Year End 2016 Chemical Industry Situation and Outlook,” released today. Despite a contraction this year, US chemical production (excluding pharmaceuticals) is expected to realize overall growth of 1.6% in 2016, followed by 3.6% growth next year, and 4.8% in 2018.
Saudi's Sipchem affiliate signs $144.6 MM methanol plant efficiency contract
DUBAI (Reuters) -- An affiliate of Saudi International Petrochemical Co (Sipchem) signed a contract with South Korea's eTEC E&C for work costing $144.6 million to raise the efficiency of operations at its methanol plant in Jubail.
Indonesia: Cut gas prices for petrochemical, fertilizer industries in 2017
JAKARTA (Reuters) -- Indonesia on Tuesday told energy companies to cut natural gas prices for fertilizer, steel and petrochemical industries starting Jan. 1, 2017, in a renewed effort to bring down domestic gas prices.
Alberta petrochemical projects get $378 MM royalty credits
CALGARY, Alberta (Reuters) -- The Canadian oil-producing province of Alberta will offer $377.84 million in royalty credits to Pembina Pipeline Corp and Inter Pipeline Ltd for their petrochemical projects, the government said on Monday as it seeks to diversify its ailing economy.
Brazil's Braskem close to leniency deal in US, Brazil
SAO PAULO (Reuters) -- Brazil's petrochemical company Braskem SA said in a securities filing on Friday it was "in advanced talks" with authorities in Brazil and the United States related to a corruption investigation known as "Operation Carwash."
BASF to increase price for diols and derivatives in North America
FLORHAM PARK, NJ, – Effective Jan. 1, 2017 or as existing contracts permit, BASF will increase prices on its list and off-list prices in North America for 1,4-Butanediol (BDO) and derivatives.
Axens announces bid for petrochem group
Axens announces the launch today, of its takeover bid for the shares of Heurtey Petrochem group.
Japan's Idemitsu JV plans to expand LPG use at naphtha cracker
TOKYO (Reuters) -- Japan's Idemitsu Kosan said on Tuesday its JV with Mitsui Chemicals would conduct work to expand the processing of propane at Idemitsu's naphtha cracker to take advantage of cheap liquefied petroleum gas (LPG) prices.
Rockwell Automations analytics solutions scale from device through enterprise
Rockwell Automation is releasing expanded and scalable analytics offerings to help customers more quickly and easily gain insight from their investments in automation technology.
- The Shipping Corporation of India and Mazagon Dock Shipbuilders sign contract for methanol dual fuel platform supply vessel 3/20
- Technip Energies invests in Verso Energy’s DEZiR eSAF project in Rouen 3/20
- Honeywell’s commercial launch of AI-powered control room assistant follows successful pilot 3/20
- Serbia secures U.S. sanctions waiver for its NIS oil firm 3/20
- Tanker carrying fuel originally bound for Cuba diverts to Trinidad 3/20
- Vietnam accelerates shift to ethanol fuel as Iran war drives up energy prices 3/20
