Petrochemicals
Petrobras teams up with CNPC to finish Comperj unit, paper says
RIO DE JANEIRO (Reuters) — Brazil's state-controlled oil company Petróleo Brasileiro SA has teamed up with China National Petroleum Corp to complete construction of a petrochemical compound in Rio de Janeiro that was ensnared in a massive corruption scandal, O Globo newspaper reported on Tuesday.
Malaysia's Lotte Chemical Titan raises $878 MM in IPO
KUALA LUMPUR (Reuters) — Malaysia's Lotte Chemical Titan Holding raised about 3.77 B ringgit ($878 MM) from an initial public offering (IPO) after pricing its shares at the bottom of an indicative range.
Total nears deal to invest up to $2 B in Iran's petrochemical industry
LONDON (Reuters) — Total and Iran have reached a preliminary agreement to build three petrochemical plants in a deal that if finalized could see the French oil major investing up to $2 B in Iran, an Iranian oil industry official said on Tuesday.
Design and troubleshoot the orifice chamber in an FCCU
The fluid catalytic cracking (FCC) process remains one of the most important secondary conversion processes due to its inherent capability to upgrade residual streams and its flexibility to maximize the desired product, depending on market dynamics.
View/Alt-View: Giving voice to alternative views
Our publication often features a Viewpoint column, an executive-level short opinion piece that usually focuses on the author’s sector of the hydrocarbon processing industry. This month, we are featuring two columns back-to-back, presenting alternative views on a single topic. We use the word “alternative” deliberately—rather than “opposing”—as we wish to highlight views that present legitimately different perspectives.
Could your facility benefit from a marine terminal assessment?
How sure would a terminal manager at a distribution terminal, or a line manager at a refinery or a chemical plant that has marine loading and unloading docks, be that those docks are being operated at a level that ensures long-term safe performance?
Viewpoint: The future of India’s refining capacity and the rise of clean fuels
India is emerging as the world’s new oil demand center, with burgeoning consumption providing huge potential for downstream oil and gas growth. With a GDP ranked in the top 10 globally and a large, growing population, India has seen continuous increases in demand for energy in all forms.
People
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.
- Uniper and AM Green sign long-term offtake agreement for up to 500,000 tpy of renewable ammonia from India 1/12
- Indonesia president inaugurates Balikpapan refinery upgrade worth $7.4 B 1/12
- Carlyle, Chevron-Quantum partnership among frontrunners for Lukoil assets 1/12
- Brazil's diesel imports hit record in 2025 amid local production decline 1/12
- Vitol to load first diluent cargo under Venezuela supply deal last weekend 1/12
- Maersk explores more ethanol use for green fuel to cut reliance on China 1/12
