Petrochemicals
Thai IRPC to invest $280 MM to expand petchem output capacity
BANGKOK (Reuters) -- Thailand's integrated oil refiner IRPC Pcl plans to invest $280 million next year with an aim to expand the production capacity of a petrochemical product and boost its long-term earnings growth, a top executive said.
BASF completes acquisition of Chemetall
Ludwigshafen, Germany – BASF has completed its acquisition of Albemarle’s global surface treatment business, Chemetall.
Evonik to build silica plant in South Carolina
Evonik Industries is building a production plant for precipitated silica in the US state of South Carolina to supply the tire industry. The industry needs high-quality precipitated silica for producing fuel-efficient tires with good wet grip properties, which can save up to 8% fuel in comparison to conventional car tires.
Scientific Design signs technology contract with Sanrui
LITTLE FERRY, NEW JERSEY -- Scientific Design Company, Inc. (SD) today announced that Sanrui Technology Chemical Industry CO., LTD. has selected SD’s EO/EG technology for their complex in Cangzhou, Hebei, China.
Aramco, Dow JV to supply feedstock to Saudi Rufayah Chemicals
KHOBAR, Saudi Arabia (Reuters) -- Sadara Chemical, a $20 billion petrochemical JV between national oil giant Saudi Aramco and Dow Chemical, has signed a 20-year agreement with Saudi Rufayah Chemicals Co (RCC), Sadara said on Sunday.
S.Korea's Lotte Chemical to invest $215 MM to add ethylene capacity
SEOUL (Reuters) -- South Korea's Lotte Chemical Corp said on Monday it will invest $215.82 million to increase the ethylene production capacity at its southwestern Yeosu plant by 2018.
Kuwait's KNPC mandates banks for ECA-backed club loan
DUBAI (Reuters) -- Kuwait National Petroleum Co (KNPC) has selected 10 international banks to provide a loan facility of more than $4 billion to back its Clean Fuels project, banking sources said.
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.
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- Stamicarbon awarded technology licensing contract for new urea plant in Eastern China 12/19
- Ford takes $19.5-B writedown on EV business 12/19
- Babcock & Wilcox awarded $40-MM contract for advanced wet gas scrubbing technology at Canadian petroleum refinery 12/19
- Aarti Industries secures methanol and toluene feedstock supply through multiple long-term contracts 12/19
- U.S. judge blocks Michigan from shutting down Enbridge's Line 5 oil pipeline 12/19
