Iran is aiming at attaining self-sufficiency in production of parts and equipment for its petrochemical plants over the next five years, FARS News Agency reported quoting a senior official. Jalil Sobhani, managing director of the ...
Iran is loading eight LPG cargoes totaling 317,000 mt in May for export to Asia, the biggest monthly volume since resuming shipments in May 2013 following an eight-month halt on concerns over an EU ban on shipping insurance, shipping and ...
Iranian petrochemical traders currently sell all their products on a CFR basis in Asia instead of FOB to avoid payment issues, trade sources in Iran and Dubai said Tuesday. "We sell products on a CFR basis in countries like China so as to ...
Tags: Petrochemical
Ukraine has closed its anti-dumping investigation into imports of suspension PVC from the US without imposing any duties, the interagency commission for international trade said in a report published by the government's official Uriadoviy ...
Tags: Anti-Dumping, PVC, Imposing Duties
The Catalysis Center for Energy Innovation (CCEI), a U.S. Department of Energy-Energy Frontier Research Center led by the University of Delaware, has announced a two-year program with ExxonMobil to research renewable chemicals from biomass. ...
Tags: Construction, Decoration, Chemicals
Presently, several petrochemical projects are either under construction or expansion and Indonesia is on its way to become self-sufficient in the production of olefins like ethylene and propylene, aromatic and other petrochemical products ...
Tags: Petrochemicals Self-Sufficiency, petrochemical projects
Royal Vopak (Vopak) announces it has signed an Equity Transfer Agreement with Xianglu Petrochemical (Zhangzhou) Co., Ltd. (Xianglu) in Fujian province, China. The agreement comprises Vopak’s acquisition of a 30% equity interest in ...
China's recent move to digitally tag fuel cargoes to clamp down on the widespread practice of declaring crude purchases as fuel oil to evade taxes is already seen to be curbing demand for heavy Venezuelan Merey crude from teapot refiners in ...
Tags: Curbing Demand, Tax Change
Axiall Corporation and Lotte Chemical of the Republic of Korea announced that they have signed a Heads of Agreement to pursue a 50/50 joint venture arrangement for the design, construction and operation of a proposed 1 million metric ...
Tags: Ethane Cracker, Textile
The US has temporarily lifted sanctions on 14 major Iranian petrochemical companies, following the implementation of the Joint Plan of Action (JPOA) on January 20. Iran and the P5+1 consisting of US, Russia, UK, France and China Plus ...
Tags: Petrochemical Export, Textile
In Q4 Unipetrol Group posted operational profit EBITDA LIFO of CZK 252m. Due to lower petrochemical and refinery production sales, as well as refining margins, revenues of the Company decreased by 5% y/y and in Q4 amounted at CZK 25.070 bn. ...
Tags: Unipetrol Group, Textile
The Sumitomo Chemical Group’s sales for the half-year ended September 30, 2013 were ¥1,050.8 billion, an increase of ¥89.4 billion compared with the same period of the previous fiscal year. The Group recorded operating ...
Abundant shale natural gas reserves in the United States are expected to keep petrochemical producers in North America well stocked with inexpensive ethane for the next decade, according to the just-launched Platts Petrochemical Analytics: ...
Tags: platts, petrochemical, analytic, report, shale, gas, boom
EQUATE Petrochemical Company President & CEO Mohammad Husain said that the Gulf’s total production capacity of petrochemicals and chemicals will exceed 150 million metric tons. On the occasion of EQUATE’s sponsorship of the ...
Tags: Petrochemical Capacity, Textile
Alexey Miller, Chairman of the Gazprom Management Committee and Dmitry Konov, Chief Executive Officer of SIBUR signed today at the Gazprom headquarters a Memorandum of Cooperation while constructing a gas processing plant and a gas chemical ...