Petrochemicals
Saudi Arabia’s SABIC targets US shale as leading chemical feedstock
Saudi petrochemicals businesses have benefited in the past from feedstock subsidies that are being phased out as the government looks to bridge a substantial budget deficit after oil's two-year downturn.
Korea’s LG Chem says it was duped over $21MM payment for naphtha
Song Choong-seop, a spokesman for LG Chem, said the money had been supposed to go to its supplier, Saudi Arabia's Aramco Trading, to pay for naphtha.
Apply a short-term, high-temperature carbon steel solution to piping systems
Carbon steel (CS) piping and equipment are used extensively in refineries and petrochemical plants, where fluid temperatures vary from moderate to high for various processes.
Small-scale coal-to-chemicals can revitalize India’s petrochemicals industry, economy—Part 2
In Part 1 of this article, published in April, the barriers of petrochemical production in India were discussed, along with the opportunity to explore chemicals from coal, using the specific example of polyvinyl chloride (PVC).
Petrochemicals: The changing competitive landscape for GCC ethylene production
Much of the global petrochemical industry is built around the abundant oil and gas reserves of the Gulf Cooperation Council (GCC) countries.
Engineering Case Histories: Case 90: Precautions when working near equipment
Most machines and pressure vessels are designed with safety in mind, but they can release large amounts of energy if not constructed, maintained or operated correctly.
Business Trends: Global petrochemical overview—Part 2
Part 1 of this series provided an overview on the present state of the petrochemical industry, a breakdown on construction project numbers by region, as well as major trends in Africa, the Middle East and the US. Part 2 examines the landscape in Asia-Pacific, Canada, Europe and Latin America.
Industry Metrics
US refinery margins recovered as product markets were supported by strong domestic gasoline demand and temporarily tight sentiment fueled by the switch to summer-grade gasoline.
Global Project Data
According to <i>Hydrocarbon Processing’s</i> Construction Boxscore Database, nearly 300 new downstream projects have been announced around the globe over the past year.
People
Elliott Group has made changes to its executive team. Michael Lordi has been named as chief operating officer (COO), succeeding Art Titus, who is retiring after nine years.
- UPM unlocks new bio-based markets as Leuna biorefinery produces its first commercial product 12/19
- 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
- bp picks first outsider CEO Meg O'Neill after abrupt Auchincloss exit 12/19
