The CIF price spread between naphtha and less expensive North Sea propane has narrowed on a lack of offers, according to industry sources. Over the summer, the petrochemicals sector in Northwest Europe uses significant quantities of North ...
Tags: Propane Price, Naphtha Price
Reportedly, Saudi Basic Industries Corporation (SABIC), the Gulf Cooperation Council's largest steel producer, plans to develop two steel mills located at Saudi Arabia's Gulf coast area. The Jubail plant will design an annual processing ...
Tags: Metallurgy, Mineral, Energy
The petrochemical companies of the Gulf countries should focus on the sustainability of the petrochemical supply chain in order to help the sector develop further, said Saleh Al-Shabnan, the vice-chairman of Gulf Petrochemical and Chemical ...
Tags: Textile
An initial European monoethylene glycol May contract price was settled lower by Eur55/mt ($71/mt) to Eur965/mt FD NWE Thursday, industry sources said. The parties involved could not be immediately confirmed. The decrease was driven by ...
Tags: Chemicals, monoethylene glycol
The European monoethylene glycol May contract price was fully settled Thursday Eur965/mt ($1,252/mt) FD NWE, industry sources said Friday. It represents a fall of Eur55/mt from April The initial settlement was between Shell as a seller ...
Tags: Monoethylene Glycol, Chemicals
Saudi Arabia’s national science agency, King Abdulaziz City for Science and Technology (KACST), is keen on developing research and programs to support the country’s petrochemical sector, said the president of KACST, Mohammed bin ...
Tags: Saudi Arabia, Petrochemical, KACST
One of the world's biggest petrochemical producers – Saudi Arabian Basic Industries Corporation (SABIC) is eagerly eyeing to invest in Peru, Andina reported quoting SABIC President for South America, Ricardo Knecht. Participating in ...
SABIC announced Thursday a restructuring program in Europe that includes the closure of certain assets and a net reduction of approximately 1,050 jobs, one-third contracting staff and two-thirds SABIC employees, the company said in a ...
An initial NWE contract for April-delivered butadiene was fully settled Tuesday at Eur1,415/mt FD NWE ($1,821/mt FD), following confirmation from four producers and two consumers involved in the negotiations. A spokesman for SABIC Europe ...
Tags: NWE, LyondellBasell, Chemicals
Egglescliffe School, in Eaglescliffe, has switched on 80 photovoltaic solar panels as part of its 50th anniversary celebrations. Attending the switch-on was shadow energy secretary Caroline Flint MP, who likened the event to the ...
Tags: Caroline, Solar Panels, Energy
Saudi Basic Industries Corporation (SABIC) has rolled back its plan to set up a US$ 5.3 billion methanol plant in the Caribbean nation of Trinidad and Tobago. The negotiations for constructing a methanol complex were stopped after SABIC ...
Tags: SABIC, Methanol Plant, Trinidad
Reportedly, Saudi Basic Industries Corporation (SABIC), the Gulf Cooperation Council's largest steel producer, will aim to increase its wire rod annual production capacity to 700,000 tons in the second quarter of this year. Meanwhile, ...
Tags: SABIC, wire rod output, steel producer
Speaking at the SteelOrbis Spring 2013 Conference & 68th IREPAS Meeting taking place on March 3-5 in Doha, Adel Al-Mughram, senior marketing manager at Saudi Arabian company SABIC, underlined that oil is critical of Saudi Arabia and crude ...
The Northwest European March benzene contract price has been fully settled at Eur1,054/mt, or $1,380/mt, CIF ARA, industry sources confirmed Friday. The settlement represents an increase of Eur14/mt and a decrease of $28/mt compared ...
The Northwest European contract price for March-delivered butadiene was fully settled Tuesday at Eur1,415/mt FD NWE ($1,880/mt FD), following confirmation from two producers and two consumers involved in the negotiations. The increase ...