Petrochemicals
Cereplast inks bioplastic distribution deal in Turkey
Cereplast on Tuesday announced a three-year distribution agreement with GAMA Plastik AS to supply bioplastic resin in Turkey. The country is one of the fastest growing plastics markets in the world and third in terms of market share in Europe behind Germany and Italy.
Dow, Saudi Aramco finalize Sadara chemical JV; senior officials named
Dow Chemical and Saudi Aramco on Monday announced the official formation of Sadara Chemical Co. (Sadara), a joint venture between the two companies. First production units are expected to come on line in the second half of 2015. All units are expected to be up and running in 2016.
Solutia closes deal to buy Southwall Technologies
US-based specialty chemicals firm Solutia has completed its previously-announced acquisition of Southwall Technologies, a producer of energy-saving films and glass products for the automotive and architectural markets. The acquisition was completed on Monday with a merger of a subsidiary of Solutia into Southwall.
Süd-Chemie approves squeeze-out
At a general meeting held by Süd-Chemie AG, Munich, the transfer of all shares held by minority shareholders to the majority shareholder Clariant AG, Muttenz, Switzerland was approved.
BP, Indian Oil sign initial pact to build acetic acid plant in west India
BP and Indian Oil Corp. said Wednesday they have signed an initial agreement to form an equally owned joint venture to build a 1 million tpy acetic acid plant in western India.
Flint Hills celebrates 30 years in Corpus Christi
Since 1981, the year that Flint Hills Resources began operating in Corpus Christi, Texas, more than $3.1 billion in projects have been completed.
SABIC helps Hyundai's QarmaQ crossover go green
Saudi Basic Industries Corp. (SABIC) will take part in the 10th International Plastics and Petrochemicals Trade Fair to showcase its range of polymer solutions. A highlight of the SABIC pavilion will be Hyundai's QarmaQ crossover utility vehicle.
Energy minister urges Canada to diversify exports beyond US, include Asia
Canadian Energy Minister Joe Oliver said Friday the country must diversify its energy exports beyond the US to include Asia and China. He said Asian markets, in particular China, are ready buyers.
Eastman completes Netherlands resins expansion
Eastman Chemical said Friday that it has completed the expansion of its hydrogenated hydrocarbon resins facility in Middelburg, The Netherlands. With the expansion, the company has doubled capacity at the site since 2006.
US NGL production to rise over 40% by 2016 - study
US natural gas liquids (NGL) production is expected to increase more than 40% over the next five years, according to a new joint market study from BENTEK Energy and Turner, Mason & Company (TM&C). Current levels of NGL infrastructure are inadequate to handle the surge in NGL production and significant new investment is needed to relieve bottlenecks, according to the authors.
- 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
