Petrochemicals
Sunoco to sell Ohio phenol plant for $106.5mn
US refiner Sunoco has agreed to sell its phenol manufacturing facility in Haverhill, Ohio, to Haverhill Chemicals, an affiliate of Goradia Capital LLC. Sunoco will sell the facility and the estimated value of the product inventory attributable to the facility for a combined price of approximately $106.5 million, it said.
BASF to raise global capacity for copper catalysts
BASF announced a new round of capital investment projects to increase its production capacity and further enhance its global manufacturing operations for copper and copper-chrome catalysts. These investments are aimed at improving catalyst manufacturing efficiency to meet increased global demand, the company said.
CB&I wins technology deal for China propane dehydrogenation unit
CB&I said that its Lummus Technology business has been awarded a contract by Ningbo Haiyue New Material Co. for the license and engineering design of a grassroots propane dehydrogenation unit to be built in Ningbo City, Zhejiang Province, China.
Eastman completes Sterling Chemicals acquisition
Eastman Chemical has completed its acquisition of Sterling Chemicals, a single-site North American petrochemical producer, for $100 million in cash. This acquisition includes Sterling’s plasticizer and acetic acid manufacturing assets in Texas City, Texas.
Air Products to supply hydrogen for Shell Deer Park refinery in Texas
Air Products announced a long-term agreement with Shell Oil to supply a significant portion of the hydrogen requirements at Shell's refinery in Deer Park, Texas. The hydrogen supply will commence in mid-2013, the company said.
Fluor wins engineering deal for Dow, Saudi Aramco $20bn chemical complex
Fluor has been awarded an engineering, procurement and construction management (EPCm) contract for all of the utilities and offsites at the al-Jubail chemical complex in Saudi Arabia. The complex is a joint venture between Saudi Aramco and Dow Chemical.
US hikes storm forecast as Gulf season nears peak
The US National Oceanic and Atmospheric Administration (NOAA) elevated its forecast on Friday for the 2011 Atlantic hurricane season, raising the number of expected named storms from its preseason outlook and potentially threatening refining and petrochemical operations along the US Gulf coast and eastern seaboard.
SunPower to develop solar panel plant in Mexico
SunPower Corp. plans to build a solar panel manufacturing facility in Mexicali, Mexico, to meet the demand of a growing North American solar market, the firm said on Friday. SunPower plans to lease an existing building, which has up to 320,000 square feet of capacity, it said.
India's JBF plans new PET plant at BP Belgium site
India-based joint venture JBF RAK has entered into an agreement with BP to build a new 390,000 tpy polyethylene terephthalate (PET) production unit at BP’s petrochemical site in Geel, Belgium. The agreements provide JBF rights to build and operate this PET unit on BP’s existing petrochemicals complex in Geel, adjacent to BP’s world-class purified terephthalic acid (PTA) facility.
PPG to acquire Colombia coatings business
PPG Industries has agreed to purchase the coatings businesses of Colpisa Colombiana de Pinturas, a privately-owned Colombian coatings company, and its affiliates, including Colpisa Ecuador. The transaction is expected to close no later than the end of the first quarter 2012, subject to regulatory approvals and customary closing conditions, the company said.
- Nextchem (Maire) awarded feasibility studies contract for two plastic upcycling projects in Africa and Asia 3/24
- ABB bolsters flow measurement portfolio with Ethernet-APL connectivity 3/24
- BASF’s Intermediates division produces entire portfolio of acid chlorides and chloroformates at its Ludwigshafen site using renewable electricity credits 3/23
- LG Chem shuts down 800,000-tpy Yeosu naphtha cracker 3/23
- French Energy Ministry considers increasing oil refining capacity 3/23
- Schneider Electric global study shows energy industry ramping up investment in autonomous operations by 2030 as AI reshapes performance 3/23
