Petrochemicals
Huntsman CEO's brother joins US presidential race
Jon Huntsman, the brother of Huntsman CEO Peter Huntsman, has formally declared his candidacy for the Republican nomination for US president in 2012. The 51-year-old is the son of Jon Huntsman Sr., who founded the US-based chemicals major.
KBR, Shell to align on hydroprocessing technology
KBR and Shell have formed a new alliance in which KBR will market, sell and provide technology and design packages with Shell for hydroprocessing solutions worldwide.
AkzoNobel plans €140mn expansion, upgrade to German chlorine plant
AkzoNobel will invest €140 million to convert its chlorine plant in Frankfurt, Germany, to state-of-the-art membrane electrolysis technology, the company said on Monday.
Hempel eyes expansion, opens India coatings plant
Industrial and marine paint supplier Hempel is expanding its operations in the India with the opening of a new coatings facility in Nashik, Maharashtra.
IEA sees increasing natgas use, warns of high oil prices curbing demand
Annual growth in oil demand could average 1.2 million barrels per day (mb/d) between now and 2016, while natural gas demand could grow by around 500 billion cubic meters – around 2.5 times Russia’s current gas exports – during the same time, according to the International Energy Agency’s (IEA) medium-term oil and gas market outlook.
US law firm to investigate Dow Chemical over alleged pension changes
US class-action law firm Hagens Berman says it will investigate potential claims against Dow Chemical after the company allegedly made substantive changes to its employee pension plan, actions which may violate US federal law.
SABIC plans new carbon fiber plant in Saudi Arabia
Saudi Basic Industries Corporation (SABIC) announced on Wednesday that it signed a technology agreement with Montefibre S.p.A (Montefibre) granting SABIC and its affiliates an extensive international licence on carbon fiber technology developed by Montefibre. SABIC said it will first use the technology for a new carbon fiber plant to be built in Saudi Arabia.
Tessenderlo to sell Europe PVC, chlor-alkali units to INEOS for €110mn
Tessenderlo will sell its polyvinyl chloride (PVC) and chlor-alkali businesses to INEOS subsidiary Kerling for €110mn, the companies said on Tuesday.
JGC expanding electrolysis plant from Indonesia JV
JGC Plant Solutions and JGC Indonesia, both wholly-owned subsidiaries of JGC Group, have been awarded a lump-sum turnkey contract for expansion of the electrolysis facilities at a joint venture plant owned by P.T. Asahimas Chemical.
BASF raises compounding capacity for engineering plastics in Europe
BASF is increasing its compounding capacities for the engineering plastics Ultramid (polyamide) and Ultradur (PBT: polybutylene terephthalate) at its Schwarzheide site in eastern Germany by 10,000 metric tons/year, the company said on Tuesday.
- OXEA confirms final investment decision for major capacity expansion at plant 7/10
- TotalEnergies ships to Asia the first cargo produced by the ECA LNG plant 7/10
- ADNOC L&S expands LNG fleet with order for four new carriers 7/10
- India's ONGC plans to build 13-MMbbl national strategic oil reserve 7/10
- Russian refineries, oil terminal, tankers hit, Ukraine says 7/10
- Tajikistan says it has 60 days' fuel in reserve amid Russian supply crunch 7/10
