Petrochemicals
HP Business Trends
To satisfy its growing refined fuel demand, Latin America has relied heavily on imports from the US. Major refinery projects have been announced to curb this reliance, but the drop in crude oil prices has limited capacity expansions.
HP Industry Metrics
The US product market continued to reflect a surge in domestic gasoline demand, allowing gasoline cracking spreads to hit levels not seen in more than two years.
HP People
Golnar Motahari Pour has been named to succeed Gerard de Reuver as president of DSM Dyneema.
New projects decline, but backlog holds strong
Even after the recent downturn in oil and natural gas pricing, our analysis shows why downstream E&C companies can depend on a strong backlog to last through the decade.
Sunoco enlists CB&I to expand NGL storage hub in Pennsylvania
The $300-million contract covers the engineering, procurement, fabrication and construction of the tanks used for the storage of refrigerated ethane, butane and propane (NGLs).
BP to license purified terephthalic acid technology for new Oman facility
Using BP's technology, OMPET intends to build a 1.1-million tpy unit at Sohar, Oman, to produce PTA, the primary feedstock for polyesters used in the textile and packaging industry.
Analysts: North American methanol prices to recover over long-term
Fitch Ratings expects methanol's market recovery to be driven by slowly-rising energy prices, as well as growth in methanol used in fuel blending and other energy applications.
INVISTA to license Green Chem’s FCC offgas technology outside China
The process, which will be marketed as DTL process technology outside of China, is a dry-gas-to-liquids technology that allows for flexible conversion of light olefins, present in FCC offgas, into either gasoline and distillate or concentrated aromatics, significantly increasing their value.
Iran eyes new methanol projects after sanctions
A full repeal of sanctions would also open up a large volume of methanol supply to global markets within the next five years, reducing the country's dependence on the Indian and Chinese markets for its exports, the IHS report said.
LyondellBasell looks to build new polyethylene plant at South Texas site
CEO Bob Patel said it could be a combination greenfield-brownfield project at one of the company's sites in metro Houston, but regional sites near Matagorda and Victoria are also possibilities.
- BASF’s Intermediates division produces entire portfolio of acid chlorides and chloroformates at its Ludwigshafen site using renewable electricity credits 3/23
- ANDRITZ to supply refining technology for cellulosic ethanol pilot plant in the U.S. 3/22
- Brazilian city trials new biofuel aimed at replacing diesel entirely 3/22
- South Korea to review restructuring plan for largest petrochemical complex 3/22
- Shell says Pearl GTL facility's train two in Qatar requires around a year for full repair 3/22
- Iran attacks wipe out 17% of Qatar’s LNG capacity for up to five years 3/22
