China National Offshore Oil Corporation (CNOOC) and Shell Nanhai B.V. (Shell) today announce the final investment decision to expand CNOOC and Shell Petrochemical Company’s (CSPC) existing 50:50 joint venture (JV) in Huizhou, ...
Tags: CNOOC, Shell, final investment decision, expasion
Responding to the changing landscape by re-shaping Shell Setting out an agenda for 2020 and beyond: grow free cash flow per share and returns Taking action to manage the down-cycle: delivering on lower costs, lower and more ...
LyondellBasell has announced its plan to move ahead with the construction of a high density polyethylene (HDPE) plant on the US Gulf Coast. Scheduled to be commissioned in 2019, the plant is expected to have an annual production capacity ...
Tags: LyondellBasell, HDPE
In the next five years, China's main focus in the petrochemical sector would be on meeting domestic demand and producing higher-value end products, Gu Zongqin, president of the China National Petroleum and Chemical Planning Institute, said ...
NYSE-listed LyondellBasell Industries said it posted second consecutive quarter of record earnings, while its EBITDA crossed $2 billion for the first time in the third quarter of 2014. Earnings from continuing operations for the third ...
Tags: chemicals producer, ethylene market, Textile
NYSE-listed Westlake Chemical Corp said it will invest more than $330 million to expand ethylene capacity and make other capital improvements at its Lake Charles facility in Louisiana. Once the expansion, which is expected to be completed ...
Tags: Westlake Chemical, Capacity, Textile
NYSE-listed and global manufacturer of chemicals and petrochemicals, LyondellBasell, said it is assessing further ethylene capacity expansion feasibility at its petrochemical plant in Channelview, Texas. LyondellBasell said it is ...
Tags: LyondellBasell, Output, Textile
Axiall Corporation and Lotte Chemical of the Republic of Korea announced that they have signed a Heads of Agreement to pursue a 50/50 joint venture arrangement for the design, construction and operation of a proposed 1 million metric ...
Tags: Ethane Cracker, Textile
LyondellBasell (NYSE: LYB) today announced that its methanol plant at Channelview, Texas, was placed into service in the fourth-quarter 2013 to take advantage of low-cost natural gas from shale formations. The unit had been out of service ...
Tags: LyondellBasell, methanol plant, Channelview, re-start
Global demand for naphtha will expand faster than any other light products through 2020, spurred by rising needs of the petrochemical industry in Asia, as per the latest report by the Organization of Petroleum Exporting Countries (OPEC). ...
Tags: naphtha, light products
Formosa Plastics Corporation USA has begun an investigation to determine what caused Thursday's flash fire that injured 16 workers at its Point Comfort, Texas, petrochemical complex, a company spokesman said Friday. There was no time ...
Tags: Formosa, Texas, Complex Fire
With 100% of its ethylene cracking capacity located in the Middle East and North America, US oil and petrochemical major Chevron is poised to benefit financially and competitively from its access to cheap feedstock, the company said ...
Tags: Chevron, oil, petrochemical
LyondellBasell executives, led by CEO Jim Gallogly, told participants at the company's Investor Day in New York how LyondellBasell is preparing to build upon its record 2012 performance which included $5.8 billion of EBITDA and earnings of ...
Tags: Lyondellbasell, Record Performance, Textile
Westlake Chemical Corporation's previously announced expansion of the Petro 2 ethylene unit at its complex in Lake Charles, LA has begun. This expansion will be completed in conjunction with a planned maintenance turnaround and will ...
Tags: Westlake Chemical Corporation, Petro 2 ethylene unit, expansion
Fueled by cheap natural gas liquids from the Eagle Ford Shale -- primarily ethane -- Texas' petrochemical industry will export 33% more ethylene and more finished plastics overseas by 2017, a report by the Federal Reserve Bank of Dallas ...
Tags: natural gas liquids, Texas, petrochemical industry, natural gas stream