Wintershall, a 100% BASF subsidiary, is optimizing its portfolio through divesting its share in selected assets on the UK Continental Shelf. Through the transaction, the Hungarian MOL Group will acquire 14 licenses in the North Sea, ...
Technip announces the extension of its long-standing agreement with BP in the purified terephthalic acid (PTA)(1) domain. Technip will now also become the exclusive provider of the ISBL (Inside Battery Limit) FEED (front-end engineering and ...
After a sharp downturn following the 2008 financial crisis, growth in coatings demand in the Gulf region of the Middle East is now surging forward again. This recovery was symbolized in late November by the announcement that Dubai, which ...
Tags: Middle East, construction, coatings market
Technip announces the extension of its long-standing agreement with BP in the purified terephthalic acid (PTA) domain. Technip will now also become the exclusive provider of the ISBL (Inside Battery Limit) FEED (front-end engineering and ...
Tags: Technip, BP, PTA, third-party licensing
The price differential between US Gulf Coast butane and international markets has eclipsed that of US propane but the US has failed to see a pick up in butane cargo liftings, according to market sources. "I guess it's a logistic ...
Qatar Petroleum (QP) and two Japanese companies, namely Zeon Corporation and Mitsui & Co. Ltd., today signed a memorandum of understanding (MOU) for the development of an integrated butadiene extraction and elastomer complex in Ras Laffan ...
Tags: Metallurgy, Mineral, Energy
US-based firm General Electric Co. (GE) and Egyptian private company Carbon Holdings have signed a US$ 500 million agreement to provide technology and equity support for the building of a Greenfield naphtha cracker and olefins complex in ...
Tags: Naphtha Cracker, GE
Titan Petrochemicals Group Limited announced key indicative terms of a new debt restructuring proposal for further discussion with creditors and other relevant parties. A creditors' meeting will be held for obtaining indicative consent on ...
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 ...
Elevance Renewable Sciences, Inc. recently introduced Renewicals, a breakthrough category of novel products, building blocks and ingredients. Elevance announced the new product category during Ecochem 2013, held Nov. 19-21 in Basel, ...
Tags: Elevance, Renewicals, Ecochem 2013
Foster Wheeler AG (NASDAQ:FWLT) today announced that a subsidiary of its Global Engineering and Construction Group has been awarded a contract by Axion Energy Argentina S.A. (“Axion”), a subsidiary of Bridas Corporation, to ...
Tags: Foster Wheeler, win, engineering, procurement, contract, coker
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
Annual paraxylene term negotiations for 2014 have gotten off to a slow start in Asia, and talks are expected to be protracted, as the supply/demand fundamentals are expected to change significantly halfway through next year, sources ...
Tags: paraxylene term, Chemicals
Innovation and integration resulting in greater feedstock flexibility have provided a significant competitive advantage for ExxonMobil’s chemical business, Steve Pryor, President of ExxonMobil Chemical Company, told attendees at the ...
Tags: ExxonMobil, Textile
Yokogawa Electric Corporation announced that it has been selected as the Main Automation Contractor for Chevron Phillips Chemical Company LP's (Chevron Phillips Chemical) USGC Petrochemicals Project. The project was first announced in ...