Americas
Saudi Aramco, Dow see “significant progress” on chemical venture
The establishment of Sadara Chemical Company, a planned joint venture under formation between Dow Chemical and the Saudi Arabian Oil Company (Saudi Aramco), is making significant progress following the authorization by both companies in late July, officials from Dow said on Tuesday.
Shale gas market to triple by 2020, lead to more midstream investment - report
Infrastructure investments for the shale gas industry are growing amid rising global demand for natural gas, with current levels likely to triple by 2020 to reach 12.6TcF (trillion cubic feet), according to a new report from energy research firm SBI Energy.
Technip inks Venezuela production equipment deal
Technip was awarded a procurement, installation and operation support contract by Petroleos de Venezuela S.A. (PDVSA) covering subsea, onshore and offshore facilities, for an accelerated production system at the Mariscal Sucre Dragon development in offshore Venezuela.
Quaker Chemical buys US lubricant firm G.W. Smith
US-based process chemicals firm Quaker Chemical has acquired G.W. Smith, a leading manufacturer and supplier of die cast lubricants. The acquired business has net sales of approximately $14 million.
NPRA to change name in 2012 to American Fuel & Petrochemical Manufacturers
Charles T. Drevna, president of the US-based National Petrochemical & Refiners Association (NPRA) trade group, announced on Tuesday that NPRA will change its name in January 2012 to the American Fuel & Petrochemical Manufacturers (AFPM).
Dow, OxyChem form chlorocarbon venture to meet rising refrigerants demand
Dow Chemical and Occidental Chemical (OxyChem) intend to form a joint venture to manufacture and market a new chlorocarbon solution that is a building block for advanced climate-friendly refrigerants, initially for use in automobile air conditioning systems.
Dow to spend $25mn/yr on US university R&D work
Dow Chemical has increased its investment in research and development programs with leading US universities with a $25 million/year commitment for 10 years. The investment will be distributed among 11 institutions to strengthen research in traditional scientific fields important to Dow and to the nation’s future, the company said.
Murphy Oil completes US refinery sale to Calumet
Calumet Specialty Products has completed its previously-announced acquisition of Murphy Oil’s refinery and associated operating assets and inventories in Superior, Wisconsin, for about $442 million, subject to post-closing purchase price adjustments.
PolyOne to buy specialty additives firm ColorMatrix
US-based specialty polymers firm PolyOne has agreed to acquire ColorMatrix, a leading global innovator in liquid colorants, additives and fluoropolymers, in a deal worth $486 million.
Oxea raises syngas capacity by 10% at Texas plant
Global chemical producer Oxea has increased its manufacturing capacity for syngas by 10% at its plant in Bay City, Texas, it said on Monday, seeking to further optimize its value-adding chains and boost product availability.
- PyroGenesis announces completion of coke-oven gas valorization and H2 production project for Tata Steel 7/15
- New protein-based system enables plastic recycling with reusable enzymes 7/15
- CF Industries starts Donaldsonville (U.S.) Complex CO2 dehydration and compression unit, permanent CO2 sequestration 7/15
- Emerson introduces GenAI-enabled automation for power and water industries 7/15
- Trump's sanctions threat looms over Russian oil exports to China, India and Turkey 7/15
- China state refiners ramp up output on rising demand, stock rebuild 7/15
