Petrochemicals
New projects decline, but backlog holds strong
Even after the recent downturn in oil and natural gas pricing, our analysis shows why downstream E&C companies can depend on a strong backlog to last through the decade.
Sunoco enlists CB&I to expand NGL storage hub in Pennsylvania
The $300-million contract covers the engineering, procurement, fabrication and construction of the tanks used for the storage of refrigerated ethane, butane and propane (NGLs).
BP to license purified terephthalic acid technology for new Oman facility
Using BP's technology, OMPET intends to build a 1.1-million tpy unit at Sohar, Oman, to produce PTA, the primary feedstock for polyesters used in the textile and packaging industry.
Analysts: North American methanol prices to recover over long-term
Fitch Ratings expects methanol's market recovery to be driven by slowly-rising energy prices, as well as growth in methanol used in fuel blending and other energy applications.
INVISTA to license Green Chem’s FCC offgas technology outside China
The process, which will be marketed as DTL process technology outside of China, is a dry-gas-to-liquids technology that allows for flexible conversion of light olefins, present in FCC offgas, into either gasoline and distillate or concentrated aromatics, significantly increasing their value.
Iran eyes new methanol projects after sanctions
A full repeal of sanctions would also open up a large volume of methanol supply to global markets within the next five years, reducing the country's dependence on the Indian and Chinese markets for its exports, the IHS report said.
LyondellBasell looks to build new polyethylene plant at South Texas site
CEO Bob Patel said it could be a combination greenfield-brownfield project at one of the company's sites in metro Houston, but regional sites near Matagorda and Victoria are also possibilities.
Air Liquide wins engineering work on YCI’s new Louisiana methanol project
Yuhuang Chemical (YCI) has awarded a detailed engineering and procurement services contract to Air Liquide for YCI’s 1.7-million tpy methanol plant located in St. James Parish, Louisiana.
BASF signs US distribution deal with Hawkins for wastewater treatment
These solutions address the needs of the water treatment industry in applications such as drinking and wastewater treatment, industrial process water treatment and environmental remediation.
Fire at Shell’s Singapore refining plant injures six
A fire broke out on Friday evening at Shell's Pulau Bukom refining and petrochemical complex in Singapore, leading to burn injuries for six contract workers. Three are in critical condition.
- CNOOC completes construction on $2.9-B, 1.8-MMtpy integrated complex in east China 8/22
- bp's Whiting refinery (U.S.) continues to flare days after severe thunderstorm 8/22
- Bachmann introduces latest version M-Target for Simulink 8/22
- U.S. to rule on biofuel waivers, but big oil refiners may need to wait 8/22
- Chinese independent refiner Hongrun buys Canadian, Brazilian crude 8/22
- Ukrainian attack suspends Russian oil flows to Hungary, Slovakia 8/22
