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China's Apparent Oil Demand Posts Fastest Growth

Feb 2, 2016

China's apparent oil demand in 2015 grew 5.8% year on year to 11.11 million b/d, the fastest pace since 2011, despite the country's economy growing at the slowest rate since 1990, Platts calculations based on recently released official data ...

Tags: oil demand, fuel oil

Asian Propylene's Length Seen Set to Deepen 2016 Term Discounts

Nov 6, 2015

Asian propylene term contract discussions for 2016 are likely to conclude at larger discounts than this year due to an increase in supply in the region, market sources said this week. A source at a producer in South Korea estimated the ...

Tags: propylene, spot market

EPA Permits to C3 Petrochemicals LLC in Alvin

Jun 16, 2014

The U.S. Environmental Protection Agency (EPA) has issued a final greenhouse gas (GHG) Prevention of Significant Deterioration (PSD) construction permit to C3 Petrochemicals LLC in Alvin, Texas. C3 plans to construct a new propane ...

Tags: EPA, Certification, Gas

US Spot Refinery-Grade Propylene Declined 0.75 Cents/lb

May 19, 2014

US spot refinery-grade propylene declined 0.75 cents/lb Thursday to reach a five-month low as propylene markets weaken, according to sources. Spot RGP was assessed at 58-58.5 cents/lb delivered, after May and June buying bids were heard ...

Tags: Propylene, Spot RGP

US Propylene Inventories at The End of Q1 Were 3.6% Higher Than Year-Ago Levels

May 5, 2014

US propylene inventories at the end of first quarter of 2014 were 3.6% higher than year-ago levels and 1.5% above stocks at the end of the previous quarter, revised data from the American Fuel & Petrochemical Manufacturers trade group ...

Tags: Propylene, propylene production

EPA Recently Issued a Final Greenhouse Gas PSD Construction Permit

Apr 22, 2014

EPA builds a strong clean – energy economy in Texas $1.4 billion in economic development and over 1500 construction jobs The U.S. Environmental Protection Agency (EPA) recently issued a final greenhouse gas (GHG) Prevention of ...

Tags: EPA, Certification, energy economy

MCO to Establish MHI Compressor Manufacturing, LLC in Pearland

Nov 14, 2013

Mitsubishi Heavy Industries Compressor Corporation (MCO), a group company of Mitsubishi Heavy Industries, Ltd. (MHI), will establish MHI Compressor Manufacturing, LLC in Pearland, Texas (part of greater metropolitan Houston), by the end of ...

Tags: MCO, petrochemical, plant, MHI

The Deals Would Mark The First Time Buyers in China Had Secured LPG From Iran

Nov 12, 2013

At least three Chinese companies are in the final stages of negotiations with three LPG producers in Iran for term supply deals for 2014, industry sources said Thursday. The deals would mark the first time buyers in China had secured LPG ...

Tags: LPG Industry, Energy

Ineos PP Technology Picked by Oriental for New China Project

Jul 19, 2013

INEOS Technologies announced that it has been chosen to provide the Innovene PP process to Oriental Energy Company Limited based in Nanjing for its subsidiary, Ningbo Fuji Petrochemical Company Limited. The unit, to be built in Ningbo, ...

Tags: PP Technology, Textile

US Gulf Coast Propane Stocks Have Grown 3.61 Million Barrels

Jun 28, 2013

US Gulf Coast propane stocks have grown 3.61 million barrels in the first three weeks of June, roughly four times the amount that was added to storage in the comparable period of 2012, Energy Information Administration data showed ...

Tags: oil, Chemicals

UOP LLC's UOP C3 Oleflex Process Technology Was Selected by Williams to Produce Propylene

Apr 5, 2013

UOP LLC, a Honeywell company, announced that its UOP C3 Oleflex process technology has been selected by Williams to produce propylene, a valuable petrochemical used in plastics production. The selection is the sixth win for ...

Tags: Williams, UOP Technology, Propylene

Fujian Meide Petrochemical Co. Ltd. Will Use Honeywell's Uop C3 Oleflex Process Technology

Mar 21, 2013

UOP LLC, a Honeywell company, announced it has been selected to provide technology to produce propylene in China. Fujian Meide Petrochemical Co. Ltd. will use Honeywell’s UOP C3 Oleflex process technology to convert propane to ...

Tags: propylene, UOP petrochemical, Textile

Sibur Has Undertaken Construction of Tobolsk-Polymer Plant

Mar 7, 2013

Sibur has undertaken construction of Tobolsk-Polymer plant, a large scale world-class petrochemicals complex located in Tobolsk at the same production site as the Group’s flagship GFU. The complex will apply the propane ...

Tags: Sibur, Tobolsk-Polymer plant, flagship GFU

European Ethylene and Propylene Supply Has Tightened Amid a Spate of Production Issues

Feb 26, 2013

European ethylene and propylene supply has tightened amid a spate of production issues, though the impact of this on spot prices is being moderated by poor derivatives demand, according to industry sources. Availability to the market had ...

Tags: NWE Ethylene, Propylene, LyondellBasell

The Alberta Government Is Aiming to Attract Major Investment in Its Natural Gas Sector

Dec 21, 2012

The Alberta government is aiming to attract major investment in its natural gas sector in 2013, as part of the Canadian province's strategy to develop a balanced and diversified energy portfolio, a provincial government official said ...

Tags: natgas investments, gas sector, gas, gas prices

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