Petrochemicals
Arkema upgrades its Texas acrylics facility
Arkema is investing $90 million on its Clear Lake, Texas site to replace existing acrylic acid production units with modern facilities using available technologies.
Linde to supply methane, hydrogen to Evonik's methionine complex in Singapore
SINGAPORE -- Linde Gas Singapore, a member of technology company The Linde Group, announced that it has signed a long-term contract to supply methane and hydrogen to Evonik Methionine SEA's second world-scale methionine complex in Singapore (Me6). Linde is already supplying a range of gases to Evonik's first methionine complex in Singapore (Me5) through its on-site gases facility, which began operations in 2014.
Advent-led GTM buys Brazil chemical firm quantiQ for $172 MM
SAO PAULO (Reuters) -- GTM Holdings SA, Latin America's No. 1 independent distributor of chemical products, has agreed to pay $172 million for Brazilian peer quantiQ Distribuidora Ltda, in an effort to gain more foothold in the region's biggest country.
Axens takeover bid on Heurtey Petrochem successful
Axens announces the successful outcome of its tender offer on the Heurtey Petrochem shares. The results of this offer were published by the Autorité des marchés financiers (the AMF, the French capital market regulator).
Iran seeks investors for 25 petrochemical projects
DUBAI (Reuters) -- Iran is seeking investment to build 25 petrochemical projects, an official at the state-run National Petrochemical Company (NPC) was quoted on Saturday as saying.
EIA: US set to become energy exporter by 2026
NEW YORK (Reuters) -- The United States is projected to become a net energy exporter over the next decade due to rising natural gas exports and falling petroleum product imports, the US Energy Information Administration said on Thursday.
Marathon Petroleum explores spin-off for retail business Speedway
(Reuters) -- Marathon Petroleum Corp announced a series of steps to increase its stock price, including the possible separation of its Speedway retail business, amid pressure from hedge fund Elliott Management.
Alpek signs agreement with Petrobras for acquisition of PTA-PET facilities
MONTERREY, Mexico – Alpek, S.A.B. de C.V. announced that it signed a share purchase agreement with Petróleo Brasileiro S.A. for the acquisition of its 100% stake in Companhia Petroquímica de Pernambuco and Companhia Integrada Têxtil de Pernambuco.
Handling mercaptans in gas processing plants
With the continued development of sour gas fields around the world, the removal of mercaptans from gaseous and liquid hydrocarbon streams is becoming a challenge for today’s gas processing plants.
People
ValvTechnologies Inc. has named Herman Benard Jr. as director of manufacturing. He will have senior management responsibility for the achievement of production, productivity, quality, safety and customer satisfaction goals, as well as spearheading manufacturing process continuous improvements.
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