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Industry Views
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Korean Toluene Prices Went Down Due to Decreased Downstream Demand
Dec 4, 2012In the previous week, Korean toluene prices went down due to decreased downstream demand and lower upstream product prices. In the initial days of last week, prices were at US$ 1220/ton, slightly lower as compared to the same period of ...
Tags: toluene prices, toluene, toluene market
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Manufacturing Facility Located in Al-Jubail,Saudi Arabia,Begins Commercial Production
Dec 4, 2012Chevron Phillips Chemical Company LLC (Chevron Phillips Chemical) congratulates Saudi Polymers Company (SPCo) and its joint venture partner, National Petrochemical Company (Petrochem), as the joint venture’s manufacturing facility ...
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Business Support Services Will Act as The Hub of Milliken Innovation Throughout Asia
Dec 4, 2012Global innovation leader Milliken & Company announced that the company has opened a regional headquarters in Shanghai. Leveraging its long presence in the region, Milliken’s new Asia headquarters combines sales, marketing, design, ...
Tags: combines sales, Milliken Company, floor covering design studio
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Fixed Asset Investment in China's Refining Industry Totaled Yuan 130 Billion
Dec 4, 2012Fixed asset investment in China's refining industry totaled Yuan 130 billion ($20.9 billion) from January to October, the National Development and Reform Commission said on its website Thursday. This was an 18.2% increase from the same ...
Tags: refining industry, China's refining industry, Refinery Sector Investment
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Production Run Rates Will Remain Halved Until The End of The Year
Dec 4, 2012Production run rates at Borealis' propane dehydrogenation (PDH) plant in Belgium will remain halved until the end of the year, the company said Friday. The PDH plant, located in Kallo near Antwerp, produces around 480,000 mt/year of ...
Tags: propane dehydrogenation, propylene, PDH
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CB&I Announced That It Has Been Awarded Contracts by Occidental Chemical Corporation
Dec 4, 2012CB&I announced that it has been awarded contracts by Occidental Chemical Corporation for the technology license, basic engineering and front end engineering and design (FEED) services for a proposed new ethane cracker. The proposed cracker ...
Tags: ethane cracker, Chemical Corporation, ethylene technology
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The Differentials Spread Reached Its Widest Point in More Than a Year
Dec 4, 2012The differentials spread between Angolan crude grades Cabinda and Dalia has reached its widest point in more than a year, as the market shuns the heavier Dalia in favor of the lighter, more popular Cabinda, market sources said Friday. On ...
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Argex to Conduct a Feasibility Study of Tio2 Plant
Dec 4, 2012Argex Titanium Inc. is pleased to announce that it has engaged Genivar Inc., a Canadian engineering services firm and one of the world’s leading professional services organizations, to conduct a feasibility study to establish the ...
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The First Barrel of Ethane From The Bakken Field Will Go to Nova Chemicals' Joffre
Dec 4, 2012The first barrel of ethane from the Bakken field will go to Nova Chemicals' Joffre, Alberta facility to be value added and converted into polyethylene next year, which explains why CEO Randy Woelfel described himself at an industry event in ...
Tags: Shale gas, Petchems, petrochemicals
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Ongc and Gail Are Much Interested in Acquiring a Stake in The Kochi Petrochemical Project
Dec 4, 2012Oil and Natural Gas Corporation (ONGC) and GAIL (India) are much interested in acquiring a stake in the Kochi petrochemical project. The Rs. 50 billion project is being jointly implemented by Bharat Petroleum Corporation Limited (BPCL) ...
Tags: petrochem project, Petrotech Conference, petrochemical complex, refinery
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Inverted Duty Structure Likely Be Recasted by India on Petrochemicals
Dec 4, 2012On the back of disinterest shown by entrepreneurs to invest in Petroleum, Chemicals and Petrochemicals Investment Regions (PCPIRs) set up across India; the Indian government will cast a fresh look at the inverted duty structure prevalent ...
Tags: petrochemicals, Petroleum, Chemicals, duty structure
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Lyondellbasell Industries Announced Earnings for The Third Quarter 2012
Dec 4, 2012LyondellBasell Industries announced earnings for the third quarter 2012 of $851 million, or $1.47 per share. Third-quarter 2012 EBITDA was $1,565 million, inclusive of a $71 million reversal of non-cash, lower of cost or market inventory ...
Tags: olefins business, polyolefins business, chemical industry
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Perfluorooctanoic Acid Will Be Forbidden by Jack Wolfskind
Dec 4, 2012The outdoor supplier Jack Wolfskin, based in Idstein, Germany, has announced that all of its weather protection products will be manufactured without the use of Perfluorooctanoic acid (PFOA) by the end of 2014. Whilst in Europe products ...
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Business Buyout of Williams' Gulf Olefins Has Been Completed
Dec 4, 2012Williams Partners announced that it has completed the transaction to acquire Williams' approximately 83-percent undivided interest in the Geismar olefins production facility, as well as Williams' refinery-grade propylene splitter for $2.264 ...
Tags: Olefins Business, olefins production facility, olefins production
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JGC Has Been Awarded a Contract for Expansion for The Rabigh Phase II Project
Dec 4, 2012JGC Corporation announced that its wholly-owned Saudi Arabian subsidiary, JGC Gulf International Co. Ltd. has been awarded a contract for expansion of ethylene manufacturing facilities for the Rabigh phase II project. The contract was ...
Tags: ethylene, ethylene manufacturing facilities, petrochemicals
