Tag: Petrochemical
Canadian natural gas producers face rocky future without West Coast LNG
CAPP expects Canadian natural gas exports to US to decline 50% by 2030 In the wake of Petronas’ decision to cancel the Pacific NorthWest LNG project three weeks ago, there is good and bad news for Canadian natural gas producers over the short to medium-term. Unfortunately, the bad outweighs the good. The Malaysian energy giant […]
Alberta petrochemical demand for Western Canadian, US ethane at an all-time high
Alberta’s four petrochemical plants have total ethylene-producing capacity of 4.1 million tonnes per year Ethane is a natural gas liquid obtained as a by-product of natural gas processing and oil refining, according to a National Energy Board press release. Ethane is also the primary input for producing ethylene, a petrochemical used to manufacture plastics and […]
Sanction relief strengthens outlook for Iranian petrochemical producer NPC Iran
Significant oil/gas feedstocks, lower financial constraints position Iranian petrochemical company for strong growth HOUSTON – NPC Iran, the large, state-owned petrochemical conglomerate of Iran, is positioned for strong market growth and expanded exports, thanks, in part, to easing sanctions and an abundant supply of flexible feedstocks, according to a new analysis from IHS Markit. According to the […]
China to build seven mega-petrochemical complexes to consolidate industry
China shutting down outdated plants BEIJING, Aug 3 (Reuters) – China will make efforts to cut overcapacity in its petrochemical industry by shutting down outdated plants and consolidating production in the sector, China’s cabinet said on Wednesday. The government will build seven mega-petrochemical complexes in coastal areas in eastern China to consolidate the industry, the […]
Oil, natural gas industry creating more opportunities for women, minorities – API
African American, Hispanic workers projected to account for 25% of new hires in management, business and financial jobs through 2035 Women and minorities will fill an exceptional number of the nearly 1.9 million job opportunities projected in the oil and natural gas and petrochemical industries by 2035, according to a new IHS report, Minority and Female […]
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