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ADM, Wilmar Launch Olenex as Full-Function Joint Venture

Nov 17, 2016

Archer Daniels Midland Company (ADM) and Wilmar International have launched Olenex as full-function joint-venture to offer integrated capabilities in refined vegetable oils and fats. The companies have completed the transition of Olenex ...

Tags: ADM, Wilmar International, vegetable oils

Cargill Reports Fiscal 2017 First-Quarter Results

Oct 11, 2016

Cargill reported financial results for the fiscal 2017 first quarter ended 31 August, 2016. Key measures include: Adjusted operating earnings rose 35 percent to $827 million in the first quarter, compared with $611 million in the ...

Tags: Cargill, fiscal results

ExxonMobil and Georgia Tech Innovation Could Lead to Significant Cuts in Chemical Manufacturing Energy Use and Emissions

Sep 28, 2016

Molecular-level filter could revolutionize energy-intense chemical process Significantly reduces amount of energy used in polyester and plastic manufacturing Research published in nation’s leading peer-reviewed journal, ...

Tags: ExxonMobil, Georgia Tech, energy use

Saudi Refining, Inc. and Shell Sign Letter of Intent to Separate Motiva Assets

Sep 28, 2016

Saudi Arabian Oil Company ("Saudi Aramco") through its wholly owned Saudi Refining Inc. ("SRI") subsidiary and Royal Dutch Shell plc ("Shell"), through its U.S. downstream affiliate, announce today they have signed a non-binding Letter of ...

Tags: Saudi Aramco, SRI, Motiva

Huntsman Corporation Has Said That Fall in Crude Oil Prices Will Prove to Be Beneficial

Jan 12, 2015

Global manufacturer and marketer of differentiated chemicals, Huntsman Corporation has said that fall in crude oil prices will prove to be beneficial to Huntsman over the long term. In a statement, Huntsman CEO Peter Huntsman said, ...

Tags: oil prices, balance sheet, Textile

Tire Industry Urges The Government to Take Decisive Measures Against The Anti-Dumping

Nov 26, 2014

The tire industry has urged the government to take decisive measures against the anti-dumping and countervailing duties imposed on tires imported from China after the United States Department of Commerce claimed on Monday that Chinese ...

Tags: tire industry, Tire

Chinese Investment to Encourage Foreign Funds

Nov 6, 2014

The Chinese government on Tuesday began to solicit public opinion on a catalogue of industries to guide foreign investment. The draft axes the number of sectors that limit foreign investment from 79 to 35 and cuts the number of items that ...

Tags: Chinese Investment, Foreign Funds

Sinochem Quanzhou 12 million MT/a refining project was officially rolled out on July 9th

Aug 12, 2014

With all its 19 units successfully passed the trial run, Sinochem Quanzhou 12 million MT/a refining project (hereinafter referred to as Sinochem Quanzhou refining project), invested solely by Sinochem Group, was officially rolled out on ...

Tags: Sinochem, Project, Textile

The Government of Iran Has Issued Instructions to Oil Refineries and Petrochemical Units

Jul 30, 2014

The Government of Iran has issued instructions to oil refineries and petrochemical units to not to reduce their feedstock supply to downstream petrochemical units, reports Shana. The order issued by Iran’s Minister of Petroleum ...

Tags: Oil Refineries, Petrochemical units

China Is on a Long-Term Track to Be a Net Exporter of Petroleum Products to Middle East

May 16, 2014

China is on a long-term track to become a net exporter of petroleum products to the Middle East, a senior official of state-controlled China National Petroleum Corp said Tuesday. "China could at some point become a net exporter of fuel ...

Tags: Oil-Product, Oil Refineries

Desmet Ballestra Installs Oil Refining and Processing Equipment in South Korea

Mar 4, 2014

Desmet Ballestra has completed the installation of an oil refining and processing equipment developed by Cavitation Technologies (CTI) at soybean oil refinery in South Korea. The Nano Neutralization equipment is capable of processing more ...

Tags: Soybean Oil Processing Equipment, Food

National Governments Have to Inform The EC Every Two Years of Energy Projects

Feb 25, 2014

The European Commission is to report by 2017 if governments should be required to notify it of planned gas, oil and coal extraction projects and small renewable energy projects under amended EU rules adopted late Thursday by EU ministers ...

Tags: EU Gas, Oil, Coal

China Will See a Wider Shortage of Paraxylene Supply in 2014

Feb 7, 2014

BEIJING, Jan. 23 (Xinhua) -- China will see a wider shortage of paraxylene (PX) supply in 2014, a research report warned on Thursday. The supply gap will be up to 9.5 million tonnes in 2014, said a report by the economics and technology ...

Tags: PX, Sinopec, Chemical, environment

Chinese Industrial Businesses Saw Profits Rise 9.7 Percent

Jan 2, 2014

Chinese industrial businesses saw profits rise 9.7 percent year on year in November, slowing from 15.1 percent in October, official data showed on Friday. Total profits of industrial companies with annual revenues of more than 20 million ...

Tags: high-tech industries, Chemicals

Belarusia Has Proposed to Russian Oil Producer Rosneft to Take Part in The Privatization

Dec 25, 2013

Belarusia has proposed to Russian oil producer Rosneft to take part in the privatization of one of its two large oil refineries,Belarusian Deputy Prime Minister Pyotr Prokopovich said on Friday. Belarus has offered Rosneft an option to ...

Tags: Belarusia, Rosneft, oil refineries, privatization

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