Petrochemicals
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John Flannery, the President and CEO of GE Healthcare, has been named CEO of the company, effective August 1, and Chairman and CEO effective in January 2018. Jeff Immelt, Chairman and CEO, will remain Chairman of the Board through his retirement at the end of the year.
Industry Metrics
US gasoline crack spreads continued to rally, but were offset by supply-side pressure as higher refinery runs contributed to increased inventories.
Taiwan's Formosa may not export spot diesel until Q4
SINGAPORE (Reuters) — Taiwan's Formosa Petrochemical Corp may not export any diesel in the spot market until the fourth quarter of this year, potentially boosting margins for the fuel, industry sources said on Thursday.
Canada allows Dow, Dupont merger after firms agree to sell assets
OTTAWA (Reuters) — Canada's Competition Bureau said on Tuesday it would allow a planned merger between DuPont and Dow Chemical Co after both firms agreed to dispose of some assets.
Braskem to invest $675 MM in 6th US-based polypropylene plant
BRASILIA (Reuters) — Braskem SA, Latin America's largest petrochemical company, will invest $675 MM to build a sixth US-based polypropylene-production plant, the company said on Wednesday.
Dow, 1QBit announce collaboration agreement on quantum computing
MIDLAND, Mich. — The Dow Chemical Company and 1QB Information Technologies (1QBit) announced a collaboration agreement to develop quantum computing tools for the chemicals and materials science technology spaces. The two companies will accelerate the deployment of quantum computing across a range of applications relevant to the chemical sector.
Deployment of digital infrastructure in chemical plants transforms industry
SANTA CLARA, Calif. — The manufacturing approach in the chemicals industry is rapidly changing to meet increasing demand for customized and specialty products over commodity chemicals.
Chevron Phillips marks milestone of its $6 B US Gulf Coast petchem project
Chevron Phillips Chemical Company LP announced that the two polyethylene (PE) units of its $6 B petrochemical investment on the US Gulf Coast successfully achieved the major milestone of mechanical completion.
Grace licenses process technology to Hengli petchem refinery
COLUMBIA, Md. — W. R. Grace & Co., a supplier of polyolefin catalyst technology and polypropylene (PP) process technology, contracted to license its UNIPOL PP process technology to Hengli Petrochemical Refinery Co. Ltd., a subsidiary of Hengli Group.
Flowchem sale to specialty chemicals company KMG completed
NEW YORK — Arsenal Capital Partners completed the previously announced sale of its portfolio company Flowchem, a manufacturer of pipeline performance products, to KMG, a global provider of specialty chemicals, for $495 MM.
- thyssenkrupp Uhde completes pre-FEED for HAMR Energy’s renewable fuels project in Australia 8/21
- Europe distillates-diesel profit margins firm 8/21
- U.S.: Indiana's bp refinery restarts after severe flooding 8/21
- Berlin weighs trusteeship extension for Rosneft's German assets 8/21
- Trump administration to rule on biofuel exemption requests, delay reallocation decision 8/21
- TotalEnergies' Donges refinery fire extinguished 8/21
