Petrochemicals
SABIC picks Toyo for energy optimization project at Saudi ammonia plant
Toyo Engineering Corp. was awarded an energy optimization project for one of Saudi Basic Industries Corporation’s (SABIC) existing ammonia plant and package boilers at Al-Jubail Fertilizer Co. (Al-Bayroni) in the eastern region of Kingdom of Saudi Arabia.
Shaw Group may sell energy, chemicals unit - CEO
US-based engineering firm Shaw Group may sell its struggling energy and chemicals (E&C) division, Shaw executives said Monday on a conference call for company earnings. Chief executive Jim Bernhard said his company had “multiple written indications of interest” from potential buyers for the segment.
GT wins order for polysilicon production equipment, technology in Saudi Arabia
GT Advanced Technologies has received a $47.7 million order for polysilicon production equipment and technology from Polysilicon Technology Co. (PTC), a company based in the Kingdom of Saudi Arabia. The new contract continues a technology agreement with PTC that was first signed in 2009.
Momentive expands Korea silicone technology hub
Silicones and advanced materials provider Momentive is expanding its marketing and technology operations in the Seoul Gasan Digital Complex with a new application development center, seeking to meet growing demand for specialty silicone products in Korea.
Chemical M&A surging amid major US deals - PwC
Mega deals involving US-based companies in the global chemicals industry helped raise merger and acquisition (M&A) deal value to $16 billion in the third quarter of 2011, according to Chemical Compounds, a quarterly analysis of M&A activity in the global chemicals industry by consultancy PricewaterhouseCoopers (PwC).
Shale plays spark Q3 rise in US oil, gas deals - PwC
The total value of US oil and gas mergers and acquisitions (M&A) during the third quarter of 2011 jumped 135% as foreign investors continued to show interest in the energy sector, especially in taking positions in shale plays and upstream-related assets, according to a new study from global consultancy PricewaterhouseCoopers (PwC).
Cereplast finalizes purchase of Italy bioplastics site
US-based bioplastics firm Cereplast has completed its purchase of a manufacturing plant in Assisi (Cannara), Italy that will serve as the hub for the company's European bioplastics production. Cereplast management said it estimates the total cost of the purchase and refurbishment of the facility will be approximately €12 million.
LUKoil begins $3bn/year investment plan for Russia downstream projects
Russia’s largest private oil company LUKoil has begun construction on a gas processing plant (GPP) included in a gas chemical facility (GCF) in Budyonnovsk, Stavropol Territory, part of the company’s plan to invest $3 billion/year in downstream operations from 2012 through 2014.
CB&I wins engineering, technology deal for China olefins recovery units
CB&I said on Tuesday that subsidiary Lummus Technology has been awarded a contract by China Coal Shaanxi Yulin Energy & Chemical Co. for the license and engineering design of two light olefins recovery units. The startup of the first unit is expected in 2013.
BASF, Sinopec start up first chemical plants from China venture expansion
The first production facilities in the $1.4 billion expansion of BASF-YPC Co. have now begun operations in Nanjing, China. BASF-YPC is the 50:50 joint venture established in 2000 between Germany’s BASF and China’s Sinopec.
- Maersk to use SAF to decarbonize airfreight travel 11/29
- Foundation stone laid for 1.2-MMtpy blue ammonia plant in Qatar 11/29
- 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
