Construction

S-Oil posts refining, petrochemical losses; expects US tariffs to affect margins in Q2

South Korea's S-Oil, majority owned by Saudi Aramco, posted losses in the first quarter from its refining and petrochemical units and expects second-quarter margins to be impacted by U.S. tariff negotiations and market volatility.

China's Sinopec partners with Saudi Aramco's unit in $4-B JV

China's state-run Sinopec said on Monday it had signed an agreement with a unit of Saudi Aramco to establish a joint venture (JV) company with a registered capital of 28.80 B yuan ($3.95 B).

Dow Chemical delays construction on multi-billion-dollar Path2Zero project in Fort Saskatchewan, Alberta, Canada

After a reported Q1 loss, Dow Chemical plans to launch an action plan to further reduce spending and deliver $6 B in cash support. The plan includes delaying construction on the company's multi-billion-dollar Path2Zero project in Alberta, Canada.

TotalEnergies to boost SAF and hydrogen production at Antwerp

Mexico exports first ULSD cargo from Olmeca refinery amid infrastructure woes

Mexico exported the first cargo of ultra-low sulfur diesel (ULSD) reprocessed in its new Olmeca refinery in early April, as infrastructure to transport the much-needed motor fuel across the country is not ready.

Egypt begins basic design phase for Red Sea Petrochemical Complex project in Ain Sokhna

Egypt's Ministry of Petroleum and Mineral Resources announced the signing of contracts for the Egyptian-Chinese joint venture contractor to implement the basic designs for the first phase of the Red Sea Petrochemical Complex project in Ain Sokhna, Egypt. 

Azerbaijan's SOCAR resumes operations at Baku oil refinery

Azerbaijan's oil company SOCAR has resumed operations at an oil refinery in Baku after a 40-day shutdown caused by maintenance works after a fire.

OQ, Royal Vopak partner to accelerate development of Duqm as an integrated industrial hub

OQ, spearheading the development of Duqm in Oman as a premier integrated hub for hydrocarbons, chemicals, and low-carbon products, and Royal Vopak entered into an exclusive partnership framework agreement in the Special Economic Zone at Duqm (SEZAD). This is a significant step for a strategic alliance that aims to unlock future growth opportunities in industrial and energy terminal infrastructure and sustainable energy transition facilities in SEZAD. 

Samsung E&A awarded contract for polylactic acid plant in the UAE

SAMSUNG E&A has announced that it is the contractor for its upcoming polylactic acid (PLA) production plant in the United Arab Emirates. The strategic project, officially named Falcon PLA Project, will deliver a cutting-edge facility producing a biodegradable and environmentally friendly plastic alternative and solidifies Emirates Biotech commitment to environmental responsibility and innovation.

Digital Exclusive: Ten ways AI is expediting construction projects in the processing industry

Like most construction megaprojects, processing projects have scaled up in complexity while offsetting that complexity using tools such as computer-aided design (CAD), building information modeling (BIM) and project management software. The bad news for the processing industries is that complexity has been outpacing the implementation of productivity tools—however, this may be about to change.