Polymers
HP Construction: Asia Pacific
Davy Process Technology Ltd., a Johnson Matthey company, and The Dow Chemical Co.’s Oxygenated Solvents Business, have announced that Wison (Nanjing) Clean Energy Co., Ltd., has selected LP Oxo S..
Dow, Aksa form carbon fiber venture in Turkey
Dow Chemical and Turkey-based Aksa on Tuesday formed a joint venture to manufacture and commercialize carbon fiber and derivatives. Total investment in the project, including third-party investments, is expected to reach $1 billion in five years and create up to 1,000 employment opportunities, the companies said.
Coca-Cola plans to have 100% plant-based bottle
Coca-Cola expects to have a plastic bottle made entirely from plant-based materials ready for commercial use in the next few years as it looks to reduce its reliance on petroleum used in traditional plastic bottles. Coca-Cola believes it can have the plant-based bottle developed by 2015 so that, by 2020, all of its plastic bottles can be using the new material.
Chevron Phillips Chemical plans new Texas ethane cracker for 2017
The company will build a world-scale cracker at its existing Cedar Bayou complex as well as two nearby polyethylene units.
Momentive, UPC form China phenolic resin venture
Momentive Specialty Chemicals and UPC Technology Corp. have now signed a definitive joint venture agreement creating Momentive Union Specialty Chemicals, a venture that will build manufacturing capacity in China to produce specialty phenolic resins.
DuPont cuts profit outlook on weakening demand
US-based chemicals major DuPont on Friday lowered its 2011 full-year earnings outlook to a range of $3.87-$3.95 earnings per share (EPS), excluding significant items – down from a forecast last month of $3.97-$4.05/share. The projected earnings still represent an 18% to 20% increase from 2010.
Saudi Polymers JV to start up integrated petchem complex in Q1 2012
Saudi Polymers Co. (SPCo) – the joint venture comprised of Chevron Phillips Chemical and partner National Petrochemical Co. – has completed construction of its petrochemical manufacturing facility located in Al-Jubail, Saudi Arabia. Commercial production is expected in the first quarter of 2012.
Linde to build hydrogen plant at northeast China chemical complex
The Linde Group says it will build and operate a new hydrogen plant in the Jilin Chemical Industrial Park (JCIP) in northeast China. The hydrogen plant is expected to come on stream by the end of 2013, supplying several companies in the Jilin chemical complex with high-purity hydrogen.
CB&I lands engineering pact for new petrochemical complex in Russia
CB&I has been awarded a contract by OJSC Rosneft for the license and basic engineering of a naphtha steam cracking unit and a butadiene and benzene extraction unit for a new petrochemical complex in Russia. The steam cracking unit, which will be the world’s largest, is designed to produce more than 1.4 million tpy of ethylene and more than 600,000 tpy of propylene.
Sasol to launch feasibility study on possible ethane cracker in Louisiana
The board of directors for Sasol has approved a feasibility study on a possible ethane cracker and ethylene derivatives complex in Lake Charles, Louisiana, the company said on Tuesday. Capacity would be between 1 million and 1.4 million tpy of ethylene.
- Consortium launches study to create a consolidated hub for recycled plastics 5/22
- Eni strengthens its global LNG strategy with long-term supply agreements in Indonesia 5/22
- Breakthrough shows how electricity could replace heat to turn CO₂ into useful chemicals 5/22
- bp's Whiting Refinery offers revised proposal to union in ongoing talks 5/22
- Plains oil pipeline partly shut down after rupture in East Los Angeles (U.S.), could disrupt supplies to refineries 5/22
- Vitol moves to open Mexico fuel terminal years after bribery scandal 5/22
