Petrochemicals
Iran says fire at Bu Ali Sina petrochemical complex contained
A fire that broke out at Iran's Bu Ali Sina petrochemical refinery complex has been contained with no casualties.
Trestle Energy and Larksen partner to reduce CO2 from ethanol and coal power
Fuel pathway management platform will enable ethanol producers to substantially reduce their fuel carbon intensity and facilitate the cost-effective use of biomass fuel pellets at existing power plants.
GlobalData: Planned projects poised to raise global propylene capacity levels
China and the US are the primary drivers for expanded global capacity that is estimated to increase to almost 130 MMtpy by 2020.
LUKOIL and SNF Floerger break ground for Russia polymer plant
The plant will be constructed in close proximity to LUKOIL's petrochemical facility to reduce costs for transportation of feedstock and end products.
EIA: US remains top petroleum and natural gas hydrocarbons producer
While the US and Russia total petroleum and natural gas hydrocarbon production is split between petroleum and natural gas, Saudi Arabia heavily favors petroleum.
Technip to provide basic engineering, equipment for Saudi furnace project
Technip will provide basic engineering and proprietary equipment for a grassroots ethylene cracking furnace in Jubail, Saudi Arabia.
ExxonMobil shaves its PP resin prices in US
Demand has been solid, but market prices are being impacted by a surge in availability of imported PP.
GlobalData: Methanol capacity set to reach 184.4 MMtpy by 2020
China, Iran and Mozambique to lead expansion, outstripping planned European production.
US chemical production growth stalls: ACC
In April, the US Gulf Coast was the only region to post a small gain. Output declined slightly in the Northeast, and all other regions were flat, according to the latest ACC data.
Global oversupply of polyethylene, polypropylene challenges margins
The excess capacity will help North American converters be more competitive due to the increased competition associated with PE capacity expansions. However, on the producer side, economics will be challenged as global capacity expansions exceed demand growth.
- 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
