Petrochemicals
Alpek to acquire PetroquímicaSuape, Citepe from Petrobras
MONTERREY, Mexico – Alpek, S.A.B. de C.V. announced that it obtained all necessary corporate approvals to acquire 100% of PetroquímicaSuape and Citepe from Petrobras for $385 MM. This amount is payable on the closing date for the two companies on a debt-free basis, and is subject to adjustments in working capital, among others.
ExxonMobil in talks to buy Singapore's Jurong Aromatics
SINGAPORE (Reuters) -- ExxonMobil said on Wednesday it is in talks to buy a refining-petrochemical complex in Singapore that could boost its fuel and chemical production in Asia.
ChemChina, IPP team to supply turn-key chlor-alkali plants
PRINCETON JUNCTION, New Jersey and BEIJING -- International Process Plants (IPP) and ChemChina's Bluestar (Beijing) Chemical Machinery Company, Ltd. (BCMC) announce a partnership for IPP to provide new chlorine alkali plants designed and built by BCMC to industries around the world.
CB&I to provide up to 30 technologies to refining, petchem complex in China
THE WOODLANDS, Texas -- CB&I announced it has signed a strategic alliance with Jinzhou Port Co., Ltd. (Jingang) to become the master licensor for an integrated refining and petrochemicals project in Jinzhou City, China.
People
Udo Bauer has been appointed to the executive board of Hoerbiger Holding AG. Mr. Bauer will represent the compression technology strategic business unit, now comprised of the previous compressor OEM business area and the previous compressor service business area, as the business unit’s CEO.
Business Trends: Standardized modularization—Drivers, challenges and perspectives in the oil and gas industry
Modularization is an alternative way of performing engineering aimed to reduce the number of interfaces, the total installed cost (TIC) and overall schedule length of a project, while optimizing the return on investment (ROI) and allowing standardization for similar future projects.
Viewpoint: Operational excellence—The path to world-class performance
Why is operational excellence (OE) increasingly being recognized as the path to world-class performance?
Editorial Comment: Petrochemical project announcements top $80 B since 2014
Although new petrochemical project announcements have fallen over the past 3 yr, the global petrochemical sector will continue to see strong growth through the end of the decade.
PBT polyester evaluation on catalyst and secondary reactions
Polybutylene terephthalate (PBT) is an important, versatile thermoplastic polyester that has exceptional resistance to both heat and chemicals.
Through the looking glass: How US EPA regulations are changing the way we visualize methane leaks
In mid-2016, the US Environmental Protection Agency (EPA) published Regulation 40 CFR, Part 60, Sub-part OOOOa, commonly known as QuadOa. This regulation has propelled optical gas imaging (OGI) firmly into the mainstream, and presents a major shift in the way fugitive emissions are regulated and the technologies that can be used.
- 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
