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Dai Houliang Named New President of Sinopec Group

Sep 28, 2016

Dai Houliang has been named the new President, Director and Vice Party Chief of Sinopec Group. It was announced at the Sinopec senior executives' meeting on May 9. Brief Introduction Mr. Dai is a professor-level senior engineer with a ...

Tags: Dai Houliang, new President

Cnooc and Shell Take Final Investment Decision to Expand Petrochemical Complex in China

Sep 28, 2016

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

Sinopec Cooperates with Farsoon to Develop 3D Printing Materials

Sep 28, 2016

On April 13, Sinopec Baling Petrochemical Company signed a Cooperation Framework Agreement with Farsoon High-Technology Co.,Ltd, which has a China’s only intelligent manufacturing demonstration project on 3D printing materials. ...

Tags: Sinopec Baling Petrochemical Company, Cooperation Framework Agreement

Venezuelan Polypropylene Producer Eyes Pair of Expansion Projects: Source

Dec 2, 2015

Venezuela's polypropylene producer Propilven is considering an expansion project and a new line at its Ana Maria Campos petrochemical complex, a source with knowledge of company operations said Monday. "The short-term project under ...

Tags: Propilven, Polypropylene, homopolymer

Equate Has Successfully Completed Turnaround of Its Plants

Jan 9, 2015

Kuwait-based Equate Petrochemical Company said it has successfully completed turnaround of its plants and also the first phase of the polyethylene plant debottlenecking project. As part of the exercise, all units were shutdown from ...

Tags: ethylene, polyethylene, ethylene glycol, Textile

Dow to Reconfigure and Reduce Equity Base in Meglobal and Greater Equate Joint Ventures

Nov 17, 2014

Dow Chemical said it will reconfigure and reduce its equity base in the MEGlobal and Greater Equate joint ventures, including Kuwait Olefins Company (TKOC) and Kuwait Styrene Company (TKSC). This reduction, Dow said, will be done through ...

Tags: petrochemical products, Qurain Petrochemical Industries, Textile

The Methanol Plant Is Being Set up by Quantum Petrochemical Company

Aug 27, 2014

Nigerian President Goodluck Jonathan performed the groundbreaking ceremony for the construction of a methanol plant in Ibom State last week. The methanol plant, to be constructed at a cost of US$ 1.5 billion, is being set up by Quantum ...

Tags: The Methanol Plant, Quantum Petrochemical Company, Textile

Operating Loss Figures Were Splashed in Red in The Results for The Second-Quarter of 2014

Aug 18, 2014

Operating loss figures were splashed in red in the results for the second-quarter of 2014 ending June 2014 at SK Innovation, South Korea’s foremost and world’s leading energy and petrochemical company. In the period April to ...

Tags: Red, SK Innovation, Textile

The Exports of Petrochemical Products From Iran Increased by Six Percent

Aug 13, 2014

The exports of petrochemical products from Iran increased by six percent during the first quarter of the current Iranian calendar year that started on March 21, 2014, reports Press TV. The data shows that petrochemical exports increased ...

Tags: Textile Exports, Textile

Fanavaran Petrochemical Company Surpassed Its Record of Monthly Methanol Production

Aug 13, 2014

Iran-based Fanavaran Petrochemical Company has surpassed its own earlier record of monthly methanol production, FARS News Agency reported. During the last month of the Iranian calendar year that ended on July 22, the company produced ...

Tags: Fanavaran, Output, 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

An Investment of US$ 33 Billion Is Needed for Financing The Petrochemical Projects

Jul 28, 2014

An investment of US$ 33 billion is needed for financing the petrochemical projects that are currently under construction, a senior official of the National Petrochemical Company (NPC) has said, reports Tasnim News Agency. Mohammad-Hassan ...

Tags: Financing, Petrochemical Projects, Textile

Iran Is Aiming at Attaining Self-Sufficiency in Production of Parts

Jun 3, 2014

Iran is aiming at attaining self-sufficiency in production of parts and equipment for its petrochemical plants over the next five years, FARS News Agency reported quoting a senior official. Jalil Sobhani, managing director of the ...

Tags: Petrochemical Parts, Petrochemical Industries

Platts Assessed ETBE Barges for Delivery at $1,277/Mt FOB Ar, a $166/Mt Premium to MTBE

May 30, 2014

The European premium of ETBE over MTBE -- two gasoline components -- hit a two-and-a-half-year high of $166/mt Tuesday, as imports from Brazil fell, according to market sources. Platts assessed ETBE barges for spot delivery at $1,277/mt ...

Tags: gasoline, spot market

Petro Rabigh's Expansion Has Turned It Into One of The Strongest "Volume Growth Stories"

May 22, 2014

Saudi Arabia's Rabigh Refining and Petrochemical Company or Petro Rabigh's second phase expansion project has turned it into one of the strongest "volume growth stories" in the country's chemical industry, UK-based bank HSBC said in a ...

Tags: Petrochemical, Sumitomo Chemical

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