US refiner Phillips 66 said Wednesday it plans to increase its product export capacity by 50,000 b/d to 370,000 b/d by the end of this year and to raise the volume of less expensive North American crude it processes at its US refineries. ...
Tags: Phillips 66, Export Capacity
US commercial crude stocks surged 6.696 million barrels over the week ended April 26 to hit a record high level of 395.284 million barrels, data from the Energy Information Administration showed Wednesday. The climb, due largely to a ...
Tags: commercial crude stocks, Energy Information Administration
Sales of cross-flow membranes and equipment will exceed $10.4 billion in 2014, according to the latest projections in RO, UF, MF World Market published by the McIlvaine Company. McIlvaine Company adds that desalination is the biggest ...
Frutarom Savory Solutions is set to shut down its Loxstedt-Nesse spice refining facility in Germany and expand other nearby production sites, as part of its efforts to ensure long-term capacity and quality. The company stated that as the ...
Tags: Frutarom, Spice Refining Facility
PetroChina Company posts that it made CNY 36.02 billion net profits in the first quarter this year, down 8 percent year on year or up 27 percent quarter on quarter; it recorded CNY 0.2 earnings per share. The company produced 231 million ...
Tags: Petrochina, Metallurgy, Mineral, Energy
LyondellBasell Industries announced earnings for the first quarter 2013 of $906 million, or $1.56 diluted earnings per share. First quarter 2013 EBITDA was $1,585 million, a 25 percent increase from the fourth quarter 2012 and a 29 percent ...
Tags: Textile
MHI signs contracts with PGS of Norway for 2 additional Ramform vessels, capable of high-accuracy, wide-range 3D seismic data acquisition Friday, Apr 26, 2013 Mitsubishi Heavy Industries, Ltd. (MHI) has received an order for two vessels ...
Tags: Transportation
GE and Russian oil company Bashneft have launched pilot testing of GE's ZeeWeed? membrane bioreactor (MBR) technology for biological treatment of sewage water from the Bashneft-Ufaneftekhim oil processing complex and other enterprises of ...
State-owned Qatar Petroleum (QP) signed a joint venture agreement Sunday with France's Total and Japan's Idemitsu, Cosmo Oil, Marubeni and Mitsui for a new condensate refinery to be built in Qatar at Ras Laffan Industrial City. Under the ...
Tags: Qatar Petroleum, Joint Venture
GE has introduced a new corrosion protection technology specifically designed for refinery boiler and steam condensate systems. GE’s Steamate™ low salt amine (LSA) product series offers enhanced steam-side corrosion protection ...
Wacker Chemie AG is strengthening its presence in South America, and inaugurated its expanded technical center, including training center, near São Paulo, Brazil. The new regional competence center for South America combines research ...
Tags: WACKER, Technical Center
Weakening crude refining margins and middle distillates cracks have led to low buying interest among Northeast Asian refiners for prompt May loading ESPO blend crude, trading sources said Thursday. Three to four of the 19 ESPO blend crude ...
Tags: Distillate Cracks, Chemicals
Canton, Ohio-based The Timken Company announced Wednesday the completion of three previously announced capital investment projects totaling $85 million. The Steel business investments include an open-die in-line forge press at the Faircrest ...
Tags: steel, Metallurgy, Mineral, Energy
Teekay Tankers Ltd. orders four fuel-efficient LR2 product tanker newbuildings with options for an additional twelve vessels Wednesday, Apr 10, 2013 Teekay Tankers Ltd. (NYSE:TNK) (Teekay Tankers or the Company) announced today that it ...
Tags: Teekay Tankers, Transportation
China Petroleum and Chemical Corp., or Sinopec, Monday cut the ex-works price of linear low density polyethylene in East China by Yuan 200 to Yuan 10,600/mt, a company source said. On an import parity basis, the LLDPE price is equivalent ...
Tags: Petroleum, Chemical, LLDPE Price