Polymers
DuPont cuts profit outlook on weakening demand
US-based chemicals major DuPont on Friday lowered its 2011 full-year earnings outlook to a range of $3.87-$3.95 earnings per share (EPS), excluding significant items – down from a forecast last month of $3.97-$4.05/share. The projected earnings still represent an 18% to 20% increase from 2010.
Saudi Polymers JV to start up integrated petchem complex in Q1 2012
Saudi Polymers Co. (SPCo) – the joint venture comprised of Chevron Phillips Chemical and partner National Petrochemical Co. – has completed construction of its petrochemical manufacturing facility located in Al-Jubail, Saudi Arabia. Commercial production is expected in the first quarter of 2012.
Linde to build hydrogen plant at northeast China chemical complex
The Linde Group says it will build and operate a new hydrogen plant in the Jilin Chemical Industrial Park (JCIP) in northeast China. The hydrogen plant is expected to come on stream by the end of 2013, supplying several companies in the Jilin chemical complex with high-purity hydrogen.
HP Construction: South America
PEMEX has acquired 45 of the latest Model 5100 HD series gas analyzers from AMETEK Process Instruments to monitor moisture levels in natural gas at monitoring stations throughout Mexico. Based on tuna..
HP Construction: Middle East
Burckhardt Compression has an order from Petroleum Development Oman LLC to deliver one process gas compressor for a new miscible gas injection (MGI) facility in the Sultanate of Oman. The responsible ..
HP Construction: Asia-Pacific
MAN Diesel & Turbo has an order for 24 compressor units for an integrated chemical complex in Chongqing, China. The order size is about €50 million. Designed as a combined plant, the chemical com..
CB&I lands engineering pact for new petrochemical complex in Russia
CB&I has been awarded a contract by OJSC Rosneft for the license and basic engineering of a naphtha steam cracking unit and a butadiene and benzene extraction unit for a new petrochemical complex in Russia. The steam cracking unit, which will be the world’s largest, is designed to produce more than 1.4 million tpy of ethylene and more than 600,000 tpy of propylene.
Sasol to launch feasibility study on possible ethane cracker in Louisiana
The board of directors for Sasol has approved a feasibility study on a possible ethane cracker and ethylene derivatives complex in Lake Charles, Louisiana, the company said on Tuesday. Capacity would be between 1 million and 1.4 million tpy of ethylene.
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.
- ExxonMobil plans 1 Blbs/yr of advanced recycling by 2027 11/22
- Gauging the likely Trump effect on U.S. energy and power sectors 11/22
- Russia's Lukoil restoring cracker at NORSI refinery, gasoline output rising 11/22
- Nigeria's local currency crude sales fall short of target, Dangote refinery says 11/22
- U.S. October gasoline imports hit post-pandemic low on slump in European shipments 11/22
- Clean Hydrogen Works awards McDermott FEED contract for Ascension Clean Energy (ACE) project 11/21
