Petrochemicals
HP Impact: EU chemicals sector output down in 2011
European Union (EU) chemicals production recorded a 1.9% decrease in the first four months of 2012 compared with the same period in 2011, according to the latest Cefic Chemicals Trends Report. Monthly..
HP Innovations: Innovations
PCHEs boost power from waste heatHeatric recently supplied Echogen Power Systems Inc. with Printed Circuit Heat Exchangers (PCHEs) for Echogen’s Supercritical CO2 (ScCO2) power generation cycle. ..
Lukoil licenses UOP technology for petrochemicals, gasoline production in Russia
Lukoil will license an integrated suite of UOP technologies to produce high-quality gasoline blending components, propylene and other petrochemicals at its facility in Nizhny Novgorod, Russia. Russia is the third largest energy consumer in the world, and demand is growing due to higher economic activity.
Sinopec, BASF sign initial deal to build world-scale chemical plant in China
Under the memorandum of understanding, the financial terms of which weren't disclosed, Sinopec and BASF will each take a 50% stake in the joint venture and will also jointly operate the facility, which will be located in the Maoming Hi-Tech Industrial Development Zone, according to the statement.
US chemical group sees flat July, dull growth ahead
Data showed production-related chemistry indicators were mixed at best. In addition, trends in plastic resins used in consumer and institutional applications have softened and overall trends suggest slowing US exports. The preliminary July data from the CAB remained steady at 88.5.
Methanex approves Chile-to-US plant relocation
The Louisiana methanol plant is targeted to be operational by the end of 2014. The expected cost of the project, including all owners' and pre-start up costs, is about $550 million, according to the company.
Clariant buys full share in Ukraine catalyst venture
The Süd-Chemie Alvigo Catalysts GmbH (SCAC) venture is a leading producer of syngas catalysts, based in the Ukraine. The signing of the deal took place at the end of June, with closing subject to merger control approval, according to company officials. The purchase price was not disclosed.
Caltex to close Sydney's last refinery by late 2014, convert to fuel terminal
The closure of Kurnell, involving the loss of 330 jobs, will bring the number of refineries operating in Australia down to five from seven at the start of this year as Royal Dutch Shell is also due to close its Clyde refinery in Sydney next month. Kurnell's nameplate capacity is 135,000 bpd.
TNK-BP, Sibur to partner on hydrocarbon feedstock
The Russian companies reached agreement on the indefinite continuation of their Yugragazpererabotka gas processing joint venture, with contracts under the joint venture framework extended through 2026.
US chemical output falls for second straight month
Individual components measured by the index were mixed. Declines in production of plastic resins, fertilizers, adhesives, organic chemicals and pharmaceuticals were offset by gains in the output of inorganic chemicals, industrial gases, consumer products, pesticides, coatings and synthetic rubber.
- U.S. labor board judge rules Exxon's Texas refinery union lockout was legal 11/28
- U.S. crude stocks fall, gasoline and distillate inventories rise 11/28
- Maersk could use 15%–20% alternative fuels for its fleet in 2030 11/28
- Germany's BSW pushes to restore Russian oil to Schwedt refinery, seeks regional legitimacy 11/28
- Asia likely to benefit from cheaper Canadian, Mexican oil if Trump imposes tariffs 11/28
- Singapore distillates stocks tick up for fifth week 11/28
