Speakers at the 9th Annual Forum of the Gulf Petrochemicals and Chemicals Association (GPCA) stressed on the fact that the Gulf Cooperation Council (GCC) petrochemicals sector has to leverage opportunities in order to overcome challenges ...
Nigerian President Goodluck Jonathan performed the groundbreaking ceremony for the construction of a methanol plant in Ibom State last week. The methanol plant, to be constructed at a cost of US$ 1.5 billion, is being set up by Quantum ...
Tags: The Methanol Plant, Quantum Petrochemical Company, Textile
Strong regional multi-stakeholder partnerships will be the key for a dynamic, flexible and growth-driven petrochemicals industry, said industry experts at the sixth Supply Chain conference, organized by the Gulf Petrochemicals and Chemicals ...
Tags: Petrochem, Metallurgy, Mineral, Energy
The BASF TOTAL Petrochemicals LCC (BTP) joint venture (60 percent BASF, 40 percent Total) announced the startup of a 10th furnace at its steam cracker facility in Port Arthur, Texas. The additional furnace improves feedstock flexibility, ...
Tags: Steam Cracker, furnace, BTP
US refiner Phillips 66 will move forward with $3 billion plans to build a natural gas liquids fractionator and an LPG export terminal in Texas, the company said Friday. The 100,000 b/d "Sweeny Fractionator One" will be located in Old ...
Tags: LPG Export, refiner
The Commercial Court of Lyon in southeast France has accepted a joint takeover offer for the struggling petrochemicals firm Kem One, by Alain de Krassny and Opengate Capital, the company said in a statement late Friday. Kem One, a vinyl ...
Tags: vinyl producer, Kem One
Argentina's petrochemicals industry is unlikely to expand until more natural gas and related feedstock supplies become available when the potential of the country's shale gas plays is turned into production in a decade or so, an analyst ...
Tags: Gas, Metallurgy, Mineral, Energy
The latest issue of the annual PCI Fibres Red Book (World Synthetic Fibres Supply/Demand Report 2012) shows global fibres demand to have reached 82.1 million tons in 2012, with estimates at the half-year point putting the figure at 85.8 ...
Tags: Fibres Demand
Russian Prime Minister Dmitry Medvedev held a meeting on the development of the chemical and petrochemical industries. The attendees of the meeting included Deputy Prime Minister, Arkady Dvorkovich, Alexander Novak, the Minister of ...
Tags: Petrochemicals
According to statistics released by the Bureau of Energy of the island, Taiwan, which imports more than 99% of its crude oil needs, imported 28.16 million barrels of crude oil in October this year, down 7.5% compared with the same period of ...
Tags: crude oil, down, CPC Corp, petroleum, natural gas, gasoline
Middle Eastern petrochemical producers will continue to enjoy considerable cost advantage compared with their counterparts in Southeast Asia even as a scarcity of gas forces them to shift to other feedstocks, Jaap Kalkman, a partner at ...
Tags: ME petchem, petrochemical, gas prices
New mega projects will boost the UAE's investment in the petrochemicals industry to nearly USD 12 billion by 2015 to maintain its position as a major global producer of the gas based substance. According to official data, the investments ...
Tags: Chemical Investment, petrochemicals industry, gas based substance
The Chinese government's latest move to combat tax evasion by imposing a consumption tax on MTBE and aromatics is likely to raise gasoline blending costs and make imports of finished gasoline relatively more cost-effective, industry sources ...
Tags: Tax on MTBE, Gasoline, aromatics
Saudi Aramco is "diligently" exploring shale gas reserves in Saudi Arabia, however uncertainty reigns over whether such reserves could be tapped by petrochemical companies, top officials from the country's petrochemicals industry said ...