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ExxonMobil Mulls New Gulf Coast Plastics Facility

Mar 22, 2018

ExxonMobil said that it will make a final investment decision later this year on a potential polypropylene production expansion along the US Gulf Coast. The company started detailed engineering work on a potential US Gulf Coast project to ...

Tags: ExxonMobil, Plastics

Qatar Petroleum and Shell Sign Heads of Agreement for The Development of a World-Scale Petrochemicals Complex in Qatar

Dec 10, 2016

The scope under consideration includes a world-scale steam cracker, with feedstock coming from natural gas projects in Qatar; a mono-ethylene glycol plant of up to 1.5 million tonnes per annum using Shell’s proprietary OMEGA (Only MEG ...

Tags: Qatar Petroleum, Shell

SABIC and ExxonMobil Evaluating Petrochemical Joint Venture on U. S. Gulf Coast

Sep 28, 2016

SABIC and an affiliate of Exxon Mobil Corporation (ExxonMobil) (NYSE:XOM) are considering the potential development of a jointly owned petrochemical complex on the U.S. Gulf Coast. If developed, the project would be located in Texas or ...

Tags: SABIC, ExxonMobil, U.S.Gulf Coast

Analysis: Asian Styrene Monomer Margins at Narrowest in 11 Months on Firm Ethylene, Tumbling Sm

Nov 25, 2015

Margins for non-integrated styrene monomer producers in Asia shrank to their narrowest in 11 months Monday due to firm feedstock ethylene and tumbling SM market amid weak demand season in the fourth quarter. The margin was calculated at ...

Tags: styrene, benzene, polystyrene

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

Feature: LR1 Tanker Rates Surge; Europe Ullage Issues, Naphtha Demand From East

Nov 6, 2015

Long Range 1 tanker rates are soaring in Europe as vessels are delayed due to high storage levels in Europe, and the busy naphtha arbitrage to the East is rapidly eating into the available tonnage. LR1 rates on the Northwest Europe to ...

Tags: LR1 Tanker, Naphtha, ships

Malaysia's Petronas Chemicals Acquires 3 Companies Involved in Rapid Project

Nov 4, 2015

Malaysia's Petronas Chemicals Group said Tuesday that it has acquired three companies involved in the Refinery and Petrochemicals Integrated Development, or RAPID, project at Pengerang, Johor, from Petronas Refinery and Petrochemical Corp. ...

Tags: Malaysia's Petronas Chemicals, acquisition, petrochemical products

NWE Styrene Monomer Spot Offtake Lackluster Despite Steep Discounts

Nov 4, 2015

Northwest European styrene monomer spot offtake remains lackluster this week on the back of supply length, with buyers predicting lower prices in the coming weeks and industry consumers keen to reduce stock levels for the end of the year, ...

Tags: styrene, Offtake Lackluster, styrenics products, Discounts

China's Slowdown, Margin Volatility Among Risks

Jul 28, 2015

German petrochemicals producer BASF said July 24 that it expected the economic slowdown in China, margin volatility and growth uncertainty in Europe to be the biggest risks to growth for its chemicals division during the second half of the ...

Tags: Petrochemicals, oil

China's Appetite for Imported Naphtha Has Grown

May 31, 2015

China's appetite for imported naphtha has grown since the start of the year on the back of strong demand from petrochemical producers, market sources and traders said this week Imports of the petrochemical feedstock over January-April ...

Tags: Imported Naphtha, Naphtha

The Asian Price Spread Between High Density Pe and Ethylene Feedstock Turned Negative

Oct 1, 2014

The Asian price spread between high density polyethylene and ethylene feedstock turned negative Thursday, September 25, falling to minus $5/mt from parity a day before, due to the bearish PE market amid continued firm ethylene, Platts data ...

Tags: HDPE-Ethylene, PE

BASF Announced The Start-up of a New Butadiene Extraction Plant at Its Verbund Site

Sep 12, 2014

BASF announced the start-up of a new butadiene extraction plant at its Verbund site in Antwerp, Belgium. The plant has an annual production capacity of 155,000 metric tons. The plant in Antwerp is BASF’s second butadiene extraction ...

Tags: Butadiene, Extraction Plant

CB&I's OCT Has Been Chosen by China's Shenhua Ningxia Coal Industry Group

Aug 29, 2014

NYSE-listed CB&I’s proprietary Olefins Conversion Technology (OCT) has been chosen by China’s Shenhua Ningxia Coal Industry Group Co. Ltd to set up a petrochemical plant which will produce polymer grade propylene. CB&I said it ...

Tags: CB&I's OCT, Shenhua Ningxia Coal Industry, Textile

Borealis Has Inked a 10-Year Deal with Antero Resources

Aug 19, 2014

Swedish integrated olefins and polyolefins producer, Borealis, has inked a 10-year deal with Antero Resources to supply ethane from the US for its flexible steam cracker in Stenungsund, Sweden. Alongside, Borealis has also signed a ...

Tags: Borealis, Deal, Textile

European Ethylene Hit a 2014 High of Eur1,015/Mt

Jun 23, 2014

European ethylene hit a 2014 high of Eur1,015/mt ($1375/mt) FD NWE Friday, up Eur45/mt on the week, Platts data showed, on the back of reduced availability and an increase in feedstock prices. Naphtha hit a 2014 high of $959/mt CIF NWE ...

Tags: Ethylene, Ethylene prices

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