Petrochemicals
Clariant, Huntsman to merge, creating $20-B enterprise
MUTTENZ, Switzerland — Clariant and Huntsman Corporation announced that their Boards of Directors unanimously approved a definitive agreement to combine in a merger of equals through an all-stock transaction.
ExxonMobil, SABIC sign agreement for next phase of proposed US petchem project
RIYADH, Saudi Arabia — Affiliates of Exxon Mobil Corporation and SABIC signed an agreement to conduct a detailed study of the proposed Gulf Coast Growth Ventures project in Texas and begin planning for front-end engineering and design work.
Elliott Group to supply 22 compression trains for Hengli petchem complex
JEANNETTE, PA — Elliott Group announced today that it has been awarded a contract to supply compression equipment for Hengli Petrochemical Refinery’s integrated refining and petrochemical complex now under construction in Dalian, China.
Saudi Aramco to sign deals with US firms during Trump visit
JEDDAH, Saudi Arabia (Reuters) -- Saudi Aramco is due to sign deals with 12 US companies on Saturday during US President Donald Trump's visit to Saudi Arabia, sources with knowledge of the matter said.
Taiwan's Formosa Plastics Group says owners to reduce management role
TAIPEI (Reuters) -- Formosa Plastics Group said on Thursday it will set up a management center next month to allow the owners of one of Taiwan’s biggest conglomerates to reduce their role in the management.
Saudi Aramco says to set up new chemicals unit
JEDDAH, Saudi Arabia (Reuters) -- Saudi Aramco plans to set up a new chemicals subsidiary, the company said in its official magazine, The Arabian Sun, on Wednesday.
Burckhardt awarded modernization project at MOL petchem plant in Hungary
Burckhardt Compression was selected to modernize MOL Petrochemicals' third-party Hyper Compressor at its LDPE plant in Tiszaújváros, Hungary. The goal was to improve production performance and to establish a comprehensive, long-term service capability with a running-hours guarantee.
ADNOC targets growing polymers market from China’s auto, infrastructure sectors
ABU DHABI, UAE – The Abu Dhabi National Oil Company (ADNOC) is targeting rapid growth in demand for its polymer products from China’s automotive industry and the country’s investment in gas and electricity infrastructure.
BASF sees role of oil and gas unit declining further
MANNHEIM, Germany (Reuters) -- BASF, the world's largest chemicals maker, said its focus would be on boosting profitability at its chemicals and crop protection businesses as the contribution to earnings from oil and gas, hurt by low crude oil prices, diminishes further.
South Africa's Omnia buys lubricants supplier Umongo
JOHANNESBURG (Reuters) -- South African fertilizer and mining explosives maker Omnia Holdings said on Thursday it had agreed to acquire an oil products and lubricants supplier as part of its strategy to expand its chemical business.
- Mideast conflict turbocharges diesel prices, squeezing Europe 6/23
- Pertamina is looking to import > 200,000/month of 90-octane gasoline 6/23
- Japan will mitigate potential gasoline price spike, prime minister says 6/23
- Linde to invest $400 MM to build the world-scale air separation unit 6/23
- OEG signs major partnership agreement in Qatar 6/23
- U.S. Supreme Court lets fuel producers challenge California emissions standards 6/23
