Tag: Petrochemicals
$1.7 billion Total Texas investment in polyethylene, steam cracker JVs
Total Texas JV with Austria’s Borealis and Canada’s Nova Chemical On Monday, Total announced it will be entering a joint venture with two companies in a steam cracker unit and a new Borstar® polyethylene unit on the US Gulf Coast. The Total Texas investments are valued at $1.7 billion. The French energy company is expected […]
Done right, Alberta energy diversification strategy could actually work
Alberta energy diversification should include partial bitumen upgrading, petrochemicals, expansion of oilfield services/manufacturing Economic diversification rarely works. Canadian governments have wasted many billions over the decades, chasing this or that economic flavour of the week that never pans out. But the Alberta government finds itself in the unique position of being able to back an […]
Saudi Aramco to almost triple chemicals output by 2030
Saudi Aramco chemical production up to 34 million metric tons by 2030 DUBAI, Nov 28 (Reuters) – State oil company Saudi Aramco aims to almost triple its chemicals production to 34 million metric tons per year by 2030, a senior company executive said on Monday. “In chemicals, our equity capacity, across our global operations, is […]
Suncor begins sale of Petro-Canada lubricants business -sources
Petro-Canada lubricants division up for sale, may fetch $800 million By Mike Stone June 16 (Reuters) – Suncor Energy Inc has launched an auction of its Petro-Canada lubricants division, whose white mineral oils are sprayed on gummy bear candy to make it shiny and prevent sticking, people familiar with the matter said. The sale could […]
Petrochemicals benefits as global middle class grows to 5 billion by 2030 – Chevron Phillips
New middle class consumers will fuel demand for plastic products such as packaging – Chevron Phillips Chevron Phillips Chemical thinks the global middle class will expand rapidly to five billion by 2030, creating a robust market for plastics and other materials that use petroleum as a feedstock. “We have an enthusiastic long-term view for petrochemicals thanks […]
Falling profits for Middle East chemical producers affect planned investments
Recent cancellation of Al Sajeel, Al Karaana projects are examples of how oil price slowdown already impacting investments in region The unexpected drop in global crude oil prices appears to have caught some chemical producers in the Middle East off guard, resulting in their companies reporting significantly lower profits or losses in the third quarter and […]
Fluor completes tallest lift on Chevron Gulf Coast petrochemicals project
Over past 3 months Fluor has executed nine mega-lifts at site, erecting major pieces of equipment for plant’s operations IRVING, Texas – Fluor Corporation announced that it has completed the tallest lift on its U.S. Gulf Coast Petrochemicals Project for Chevron Phillips Chemical Company LP. Fluor, in a joint venture with JGC, is performing the engineering, procurement and construction […]
Bay City, Texas to be site of new Oxea “world class” propanol plant
Propanol used for manufacturing cosmetics, pharmaceuticals, printing inks, coatings, adhesives International chemical manufacturer Oxea is on schedule to open a “world class” propanol plant at its facility in Bay City, Texas in 2017. The company announced in a press release that it is carrying out detailed engineering of the plant, whose products will serve customers in North and […]
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