Petrochemicals
China launches discipline investigation into top Sinochem executive
Cai, a 30-year oil industry veteran, was named to lead Sinochem in 2014, after a long career at China Petroleum and Chemical Corp. (Sinopec).
SOCAR awards work to Tecnimont for Azerbaijan polyethylene project
The project’s scope of work envisages the provision of complete engineering services, equipment and material supply, construction activities up to start up and guarantee test run.
LyondellBasell sells Argentine PP group Petroken
Petroken operates a 180,000-tpy plant in Ensenada and is a leading polypropylene (PP) producer in Argentina. The sale price is estimated at $184 million.
Topsoe wins work on new Iran methanol project, opens Tehran office
Topsoe signed a contract with Badr-e-Shargh Petrochemical Complex for licenses, engineering, proprietary equipment, materials and catalyst for their new plant in Chabahar, Iran.
Dow Chemical posts better-than-expected profit as lower costs lift margins
The cost-cuts helped Dow's operating margin increase by 406 basis points to 20.9% in the three months ended Dec. 31. Cost of sales fell 24% to $8.81 billion.
Dow unveils new job cuts, planned CEO retirement as DuPont merger nears
DuPont CEO Edward Breen is set to head the combined company after the merger, while Liveris will be the executive chairman after the deal closes in the second half of 2016.
Utilize APC solutions to resolve hydrocracker conversion optimization challenges
Improving profits and reducing costs remain priorities for owner/operators and management.
Reliability: Combine metallurgical, structural and physics know-how
We recently received an update on the capabilities of a modern professional entity that combines metallurgical, structural and practical applied physics know-how in a US Gulf Coast location
Saudi’s SABIC can adapt to new competition in petrochemicals: CEO
Petrochemical companies in the kingdom have been struggling with falling oil prices, both as product prices are closely linked to crude and cheaper oil erodes the competitive advantage which Saudi manufacturers accrue over non-oil producing nations due to subsidized energy and feedstock.
Phillips 66: Robust refining profit offset by weaker chemicals, midstream
While refining results were strong, the company's quarterly profit was hurt by lower earnings from its midstream and chemicals businesses. Adjusted earnings at Phillips 66's midstream business more than halved to $42 million in the quarter, hurt by a fall in natural gas prices.
- Dow, Ambipar partner to promote plastics recycling in South America 11/26
- Hygenco selects Topsoe as technology provider for green ammonia production 11/26
- Aviation sector officials warn of Trump effect on green jet fuels 11/26
- Russia's oil and gas revenue down by a third in November m/m 11/26
- Contentious COP29 deal shows climate cooperation fraying at edges 11/26
- Oil majors betting big on biofuels with more than 40 projects by 2030 11/26
