Europe
Technip wins FEED work on Sibur Russia PE project
The first contract concerns a linear low/high density gas phase polyethylene plant. Meanwhile, the second deal is for a high density slurry phase polyethylene plant, the company said. Each plant will consist of two parallel production trains with a total capacity of 1.5 million tpy of polyethylene.
Honeywell wins automation on Kenya fuel terminal
Honeywell has won a $2.4mn project to deliver a full automation solution for Petrocity’s Greenfield Konza terminal storage facility, located 60 km southeast of Nairobi, Kenya. The terminal will have a capacity to handle 120 million liters of gasoline, diesel and kerosene.
Shell, Vopak, Greenergy to buy Coryton UK refinery for use as terminal
Royal Dutch Shell, Royal Vopak and Greenergy have agreed to buy the majority of the assets of Petroplus’ Coryton refinery in England to turn it into an import and distribution terminal. The sale will be completed within several months, once the current refinery closure process has been concluded.
Gazprom makes bid for BP stake in Russia TNK-BP
An arm of Russian state-controlled Gazprom has lodged a bid for BP's $25 billion stake in its venture in the country, The Sunday Times reports. The move will increase pressure on AAR, the group controlled by BP's Russian billionaire partners that owns the other half of TNK-BP, said the newspaper.
SABIC signs pact with German research group for technology development
Petrochemical major Saudi Basic Industries Corp. (SABIC) and German research organization Fraunhofer-Gesellschaft recently signed a multi-year agreement to mutually develop advanced technologies. Fraunhofer is Europe’s largest application-oriented research organization.
Global liquid fuels demand seen rising 0.9%/yr - EIA
Global liquid-fuels demand is expected to rise by 0.9% between 2010 and 2035, to 109.5 million bpd, with the world becoming more reliant on OPEC oil, according to a new US government forecast released on Monday. OPEC's share of world demand will rise to 41.9% in 2035 from 39.7% in 2010.
KBR awarded pre-FEED studies for offshore FLNG projects in Israel, Australia
KBR was selected as Höegh’s preferred engineer for pre-FEED studies on two projects off the coast of Israel and offshore Australia. Both projects will be performed in KBR’s operating center in London, utilizing the company’s FLNG engineering capability spread over the London, Houston and Perth offices.
EU chemical output falls in 2012 on low confidence
European Union (EU) chemicals production recorded a 1.9% decrease in the first four months of 2012 compared with the same period in 2011. Confidence in the EU chemicals industry deteriorated in May, based mainly on a strong deterioration in managers' expectations for the months ahead.
Sibur picks Linde for Russia ethylene project FEED
Technology company The Linde Group has received an engineering contract for the licensing and front-end engineering design (FEED) of a world-scale ethylene plant in Tobolsk, Western Siberia. Once finished, the new plant will produce around 1.5 million tpy of ethylene and 500,000 tpy of propylene.
Cabot to buy Dutch activated carbon producer Norit
Cabot Corp. has agreed to purchase Netherlands-based activated carbon producer Norit N.V. for $1.1 billion, officials with both companies announced Thursday. Norit provides the widest and most-differentiated range of activated carbon products of any producer, according to Cabot officials.
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- Formosa Petrochemical extends Taiwan cracker shutdown due to weak derivative margins 1/15
- Cargill advances maritime Decarbonization with delivery of first green methanol dual-fuel vessel 1/15
- Key U.S. energy, power trends at home and on world markets 1/15
- U.S. to finalize 2026 biofuel quotas by early March, drop import penalties 1/15
- India's Nayara Energy buys only Russian oil in Dec for 5th straight month 1/15
