Petrochemicals
PetroChina to phase out 19 old refining, chemical units to curb sector glut
The world's second-largest oil consumer is facing a faster-than-expected peak in fuel demand due to rapid electrification of its transportation fleet and a petrochemical sector that is plagued by excess capacity and poor margins.
TA’ZIZ awards $1.99-B EPC contract to build one of the world’s largest PVC complexes
TA’ZIZ announced the award of a $1.99 billion engineering, procurement and construction to build the UAE’s first, and among the top three largest integrated single-site polyvinyl chloride production complexes in the world.
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Construction Boxscore: Project Spotlight
Project:
Long Son Petrochemicals Complex
Location:
Long Son, Vietnam
Operator:
Siam Cement Group
Cost:
$5.4 B
Capacity:
1.65 MMtpy
Completion date:
2023
Status:
Under Construction
