Petrochemicals
G7 finance ministers agree to Russian oil price cap
The Group of Seven finance ministers plan to implement a price cap on Russian-origin crude oil and petroleum products.
Axens pyrolysis gasoline unit successfully started-up at Hyundai Chemical petrochemical complex in South Korea
Axens and Hyundai Chemical Co. successfully achieve the start-up of the pyrolysis gasoline (Pygas) unit, part of the Hyundai Chemical petrochemical grassroots complex in Daesan, South Korea.
The downstream rundown: In case you missed it 08/26
In case you missed any downstream news, here are the top stories from last week.
PetroChina’s Dagang refinery commissions new alkylation unit using Ionikylation Technology
PetroChina Dagang Petrochemical Company successfully commissioned a 150,000 tpy Ionikylation unit for the production of high octane alkylate. Start-up activities were completed mid-August.
OPC Foundation and FieldComm Group to develop an instrumentation device profile for OPC UA Field eXchange
The aim is to provide an interoperable interface between PLC / DCS and instrumentation devices, such as transmitters, instruments, and actuators. The solution shall support different industries such as oil & gas, pharmaceuticals, chemicals, energy, water & wastewater, and pulp & paper.
Wood wins two major multi-million-dollar projects in Uzbekistan
Wood has secured two new contracts from Enter Engineering with a combined value of over $200 MM, to deliver major capital investment projects in Uzbekistan.
Baker Hughes acquires Quest Integrity to deliver expanded asset inspection solutions for the energy and industrial sectors
Baker Hughes has announced an agreement to acquire Quest Integrity for technology-enabled asset inspection and reliability management solutions across the pipeline, refining, petrochemical and power generation sectors.
Corpus Christi Polymers awards Worley contracts for facilities producing plastics
Corpus Christi Polymers has awarded Worley construction management and general services contracts. The scope of the construction management contract includes Corpus Christi’s new PET and PTA facilities in Corpus Christi, Texas, USA.
Borealis prolongs stand-still for its PDH plant construction site
In light of recent developments and news reports about alleged malpractices at one of its contractors at the new PDH construction site at Kallo, Belgium, Borealis has decided to declare a three day stand-still for its Kallo PDH construction site.
Vietnam firm to build $1.5 B polypropylene plant
A private Vietnamese petrochemicals firm is planning to invest $1.5 B in a polypropylene plant in the northern province of Quang Ninh.
- Consortium launches study to create a consolidated hub for recycled plastics 5/22
- Eni strengthens its global LNG strategy with long-term supply agreements in Indonesia 5/22
- Breakthrough shows how electricity could replace heat to turn CO₂ into useful chemicals 5/22
- bp's Whiting Refinery offers revised proposal to union in ongoing talks 5/22
- Plains oil pipeline partly shut down after rupture in East Los Angeles (U.S.), could disrupt supplies to refineries 5/22
- Vitol moves to open Mexico fuel terminal years after bribery scandal 5/22
